Agricultural machinery sector expected to grow 3,4% in 2026

The Brazilian Machinery and Equipment Industry Association (Abimaq) forecasts growth through 2026. According to Pedro Estevão Bastos de Oliveira, president of the Agricultural Machinery and Implements Sector Chamber (CSMIA), the sector is expected to increase sales by 3,4%, still impacted by high interest rates and external instability. The data was released at the 25th edition of the Business Strategic Planning Seminar last week. 

For Oliveira, this is modest growth, “a reflection of what manufacturers are observing in the market, especially with the high tariffs and high interest rates,” he said. 

During the meeting, the role of planning and diversification of credit sources were highlighted as fundamental to ensuring the competitiveness and sustainability of the agricultural machinery industry in the coming year. 

Market and sector financing

Updated industry performance data was also presented. Revenue in 2024 reached R$62 billion, with a projected 10% growth in 2025, reaching R$68 billion. Oliveira warned, however, that low machine replacement over the past two years could generate strong future demand.

In the credit sector, the results indicate that half of machinery sales in the 2024/25 harvest were financed, but only 36% had equalized interest, a figure well below the 60% recorded in previous years. Instruments such as CPR, CRA, LCA, and Fiagro grew 315% between 2022 and 2024, becoming viable alternatives to reduce dependence on subsidized credit. 

Macroeconomic scenario and global challenges

The impacts of instability in the United States, trade relations with China, and the climate risks of the La Niña phenomenon were analyzed by Bradesco's chief economist, Fernando Honorato. According to him, agribusiness is expected to continue to be a driver of income in Brazil in 2026, generating an estimated R$1,6 trillion.

Other aspects are also expected to shape the sector's future, such as the expansion of biofuels, the recovery of degraded pastures, logistical bottlenecks that still limit Brazil's competitiveness, and dependence on imported fertilizers, which accounts for 90% of national consumption.