Africa Wheeled Tractor Machinery Market (2017 - 2022)
The African wheeled tractor machinery market has been estimated at USD XX.X billion in 2016 and is expected to reach USD XX billion by 2021, at a CAGR of 4.1% during the forecast period from 2016 to 2021. Tractors provide the power and traction to automate agricultural jobs, especially tillage. However, tractors are also used in varied tasks outside agriculture. Agricultural implements are towed behind a tractor, which then provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of one of the reasons why tractors are popularly employed by farmers. Besides, demand from emerging economies and the high level of government support in these regions are fueling the growth of the industry.
The driving forces are the rise in food demand, increasing population, need to increase yields, and the increase in productivity. Opportunities lie in greater market penetration in the developing nations like South Africa where machinery use in agriculture is growing. Low purchasing power in developing regions appears to be a major constraint to the otherwise lucrative market.
The market has been segmented based on the wheel tractor type and geography.
Segmentation by Wheel Tractor Type:
Row crop tractors
Orchard type tractor
Earth Moving Tractor
On the basis of geography, the market is segmented into South Africa and Others.
The major companies in Africa wheeled tractor machinery market are: