5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The African wheeled tractor machinery market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 4.1% over the forecast period. Tractors provide the power and traction to automate agricultural jobs, especially tillage. 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 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.
Market Dynamics
The driving forces include the rise in food demand, increasing population; need to amplify yields and the rise 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.
Market Segmentation
The market has been segmented based on the wheel tractor type and geography.
Segmentation by wheel tractor type:
On the basis of geography, the market is segmented into South Africa and others.
Key Industry Players
The major companies in Africa’s wheeled tractor machinery market are:
Key Deliverables in the Study
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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