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:
- Seed Drill
- Planters
- Broadcast Seeder
- Transplanter
By Fertilizing Machinery:
- Dry Fertilizer Spreaders
- Drop Spreaders
- Rotary Spreaders
- Pendulum Spreaders
- Liquid Fertilizer Spreaders/ Sprayers
By Geography:
- South Africa
- Nigeria
- Others
Key Deliverables of the Study
- Market analysis for the Africa planting and fertilizing machinery market, with region-specific assessments and competition analysis on a country-wise and regional scale.
- Market definition, along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a country-wise and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the Africa planting and fertilizing machinery market on both, country-wise and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A 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 on the major countries/regions where this industry is growing and identify the regions that are still untapped.
