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Brazil Utility Tractor Market - Market Shares, Forecasts and Trends (2020 - 2025)

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The Brazil utility tractor market of USD XX million in 2016 is expected to reach USD XX million by 2021 at a CAGR of XX% over the forecast period. Utility tractors are high power operators, with compact design, and easy to use multiple functions, and are used for various purposes such as agriculture, landscaping, plowing, grounds keeping etc. Brazil is the largest agriculture producing region in South America, creating a need for high power tractors in the region.  The US is the major supplier of agri-machinery to Brazil.

Market Dynamics

The major drivers for the market include an increase in demand for high power tractors, growing involvement of multinational companies for tractors in the region, government policies for manufacturing companies, mounting demand for agriculture products as a result of expanding the population, and government subsidies for agro-machinery to farmers. In Brazil, the import duties on tractors are very high but government rules provide some relaxation to the companies if 60% parts of the machinery are manufactured in Brazil. Their high efficiency and moderate price range among other tractors have increased their demand in the market. However, the huge import and other taxes by the government for imported tractors, high cost, increasing urbanization, and shrinkage of agricultural land are restraining the market.

Market Segmentation

Market segmentation of utility tractors is categorized by application, drive, and geography. By application type, the market is segmented into dairy field operations, hay & agriculture products operations and landscaping. Utility tractors have major applications in hay and agriculture products. The market segment by drive includes pedestrian and wheeled type. The wheeled type market is sub segmented into two, three and four wheel type. Two-wheeled tractors are extremely common in agricultural operations worldwide and have the highest market share among others.

Key Industry Players

The leaders in the market include:

  • Deere and Company
  • CNH Global NV
  • Mahindra & Mahindra Ltd.
  • AGCO Tractor
  • Farmtrac Tractor Europe

Key Deliverables in the Study

  • Market analysis for the Brazil utility tractor market, with region specific assessments and competition analysis on national and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on national and regional scales.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the Brazil utility tractor market on both national and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions still untapped.

1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definitions

2. Research Approach and Methodology

2.1 Introduction

2.2 Research Design

2.3 Study Timelines

2.4 Study Phases

2.4.1 Secondary Research

2.4.2 Discussion Guide

2.4.3 Market Engineering & Econometric Modelling

2.4.4 Expert Validation

3. Key Findings of the Study

4. Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 Increased Involvement of Multinational Companies

4.2.1.2 High Agriculture Productivity in the Region

4.2.1.3 Government Rules for Manufacturing Companies

4.2.1.4 Government Subsidies for Farm Mechanization

4.2.1.5 Growth in Population and Need for Agriculture Productivity

4.2.2 Constraints

4.2.2.1 High Import and Other Taxes

4.2.2.2 Growing Urbanization and Decreasing Farmland 

4.2.3 Opportunities

4.2.3.1 Shorter Replacement Cycle of Tractors Boost Sales Volume

4.2.3.2 Use of Tractors for Non-Agriculture Purpose

4.2.4 Porter's Five Forces Analysis

4.2.4.1 Bargaining Power of Suppliers

4.2.4.2 Bargaining Power of Buyers

4.2.4.3 Threat of New Entrants

4.2.4.4 Threat of Substitute Products and Services

4.2.4.5 Degree of Competition

5. Market Segmentation

5.1 By Application

5.1.1 Dairy Farmland

5.1.2 Hay & Agriculture Products

5.1.3 Landscaping

5.2 By Drive Type

5.2.1 Pedestrian

5.2.2 Wheeled

5.2.2.1 Two Wheels

5.2.2.2 Three Wheelers

5.2.2.3 Four Wheelers

6. Competitive Landscape

6.1 Mergers & Acquisitions

6.2 Joint Ventures

6.3 New Product Launches

6.4 Most Active Companies by Market Strategies

6.5 Market Share Analysis

7. Company Profiles

7.1 Deere and Company

7.2 CNH Global NV

7.3 Mahindra & Mahindra Ltd.

7.4 AGCO Tractor

7.5 Farmtrac Tractor Europe

7.6 Kubota Tractor Corp

7.7 McCormick Tractors

7.8 Case IH

7.9 Deutz-Fahr

7.10 Claas Tractor

7.11 Kioti Tractor

7.12 Belarus Tractor

7.13 Massey Ferguson Tractor

7.14 Caterpillar Inc.             

7.15 SAME Deutz-Fahr

7.16 Fendt

7.17 Escorts

7.18 Valtra

7.19 Daedong-USA Inc.

8. Appendix

8.1 Sources

8.2 Disclaimer

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