The Africa utility tractor market of USD XX million in 2017 is expected to reach USD XX million by 2022 at a CAGR of XX% over the forecast period. Utility tractors are high power operators, with compact design, and easy to use multiple functions, and are used for various purposes such as agriculture, landscaping, plowing, grounds keeping etc. The African continent is the largest importer of agriculture machinery and tractors.
Market Dynamics
The major driver for the market is increasing demand for agriculture products as a result of growing population, extensive agricultural land area, a boost in imported products, and innovation in farm equipment technology with high efficiency and moderate price range. In Africa, government support and subsidies for promoting agriculture productivity is very low due to an economic imbalance in the region, which is a major restraining factor to the market. Huge import and other taxes, high cost and inflation in grain prices as a result of a low economy in the continent are also constraining the market.
Market Segmentation
Market segmentation of utility tractors is categorized by application, drive and geography. By application type, the market is segmented into dairy field operations, hay & agriculture products operations and landscaping. Utility tractors have major applications in hay and agriculture products. The market segment by drive includes pedestrian and wheeled type. The wheeled type market is sub segmented into two, three and four wheel type. Two-wheeled tractors are extremely common in agricultural operations worldwide and have the highest market share among others.
Key Industry Players
The leaders in the market include:
- Deere and Company
- CNH Global NV
- Mahindra & Mahindra Ltd.
- AGCO Tractor
- Farmtrac Tractor Europe
- Massey Ferguson
- Escorts
Key Deliverables in the Study
- Market analysis for the Africa utility tractor market, with region specific assessments and competition analysis on national and regional scales.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on national and regional scales.
- Extensively researched competitive landscape section with profiles of major companies along with their market shares.
- Identification and analysis of the macro and micro factors that affect the Africa utility tractor market on both national and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- 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 into the major countries/regions in which this industry is growing and identifying the regions still untapped.
