Brazil Agricultural Machinery Market Forecast by 2033
Market Size in 2024: USD 3.1 Billion
Market Forecast in 2033: USD 4.5 Billion
Market Growth Rate 2025-2033: 4.1%
The Brazil agricultural machinery market reached USD 3.1 billion in 2024 and is projected to expand to USD 4.5 billion by 2033, growing at a CAGR of 4.1% during 2025-2033. This growth is driven by rising investments in modern farming equipment, the expansion of agricultural exports, and the increasing need for resilient machinery to address labor shortages and boost productivity.
Growth Drivers of the Brazil Agricultural Machinery Market
Government Incentives and Financing Programs
The government of Brazil supports agricultural modernization with credits and subsidies. The government has established a program dubbed Plano Safra which allocates billions of reais to farmers every year to purchase modern machines and equipment. The 2024/2025 Harvest Plan would allocate BRL 475 billion (USD 85.1 Billion) for agribusiness and family farming, BRL 74.98 billion of which would be allocated to small farmers. This would ultimately provide new tractors, harvesters and irrigation systems for family farms, which would stimulate the agricultural machinery sector across Brazil.
Record Harvests and Export Growth
Brazil's soybean and corn harvests in 2025 were the largest on record, increased demand for harvesting machinery, ploughs and seeders as these crops (used both as food and export) became more widely harvested. Brazil exports much agriculture. Export volume growth requires farmers to use bigger agricultural machinery. Consequently, many Brazilian farmers have invested in modern equipment so as to be able to compete on the international market and produce high-quality crops.
Technological Advancements and Precision Farming
Precision agriculture technologies and automation increase agricultural productivity in Brazil. They apply it by using equipment that guides tractors through GPS, automatically harvests with machines, and irrigates through systems driven by data. In addition, equipment manufacturers have begun producing more energy efficient engines and low-emission off-road machinery that allows for the expansion of crop production without further damaging the environment. The implementation of advanced technologies is anticipated to further accelerate the adoption of modern agricultural equipment in the coming years.
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Brazil Agricultural Machinery Market Segmentation
Product Type Insights:
- Tractors
- Horsepower
- Type
- Ploughing and Cultivating Machinery
- Ploughs
- Harrows
- Cultivators and Tillers
- Others
- Planting Machinery
- Seed Drills
- Planters
- Spreaders
- Others
- Harvesting Machinery
- Mowers
- Balers
- Others
- Haying Machinery
- Irrigation Machinery
Regional Insights:
- Southeast
- South
- Northeast
- North
- Central-West
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Brazil Agricultural Machinery Market News
- May 2025: Brazil signed an agreement with China to export Distillers Dried Grains with Solubles (DDGS), a byproduct of corn ethanol, with production projected to reach 5 million tons by 2025/26.
- December 2024: Brazil launched a BRL 546.6 billion (USD 90.3 Billion) investment program to develop sustainable and digital agro-industrial chains, focusing on family farming and innovation.
- July 2024: The government introduced the 2024/2025 Harvest Plan, allocating BRL 475 billion (USD 85.1 Billion) to agribusiness and family farming, with significant funds for sustainable practices.
- Brazilian manufacturers expanded investments in precision farming technologies, including GPS-guided tractors and automated harvesting systems.
- International players such as John Deere and AGCO continued to strengthen their presence in Brazil through partnerships and localized product offerings.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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