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The South Africa utility tractor market of USD XX million in 2016 is expected to reach USD XX million by 2021 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. South Africa is one of the largest importers 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 South 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:
Key Deliverables in the Study
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Nanakramguda Rd, Financial District, Gachibowli
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India
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