5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The Africa fertilizing machinery market was valued at USD XX million in the year 2016 and is expected to grow into a USD XX million market by 2021, at a CAGR of 4.09% during the forecast period. Planting and fertilizing machinery are additional equipment in the agricultural field. These machineries make farming more efficient and cost-effective for framers. The tractors and combine harvesters are being used globally and as these machineries are in developing stage and in succession to tractors to reduce manual intervention in agriculture. An increase in fertilizer consumption has significantly increased the demand for fertilizing machinery.
The growth observed in the sales of tractors is an important indicator for the advent of farm mechanization. Tractors tend to act as a source of power, whereby, various agricultural machines can just be attached to it. This co-dependency makes the purchase of other equipment easier, once the tractor is purchased.
Market Dynamics
The greatest opportunity for the industry lies in tapping the demand from the developing regions of Africa. Countries such as South Africa are rapidly expanding the monetary and technological capabilities of their rather traditional farm practices. The development of machinery about the needs of the region is a crucial step in this regard. The major hindrance to this market is not from the product itself but the consumption of fertilizers. The negative environmental impact of using fertilizers has been well documented and is posing a major threat to the market.
Market Segmentation
The Africa planting and fertilizing machinery market segmentation is done based on planting machinery, fertilizer machinery, and geography.
By Planting Machinery:
By Fertilizing Machinery:
By Geography:
Key Deliverables of the Study
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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