Ken Research - South Africa Agricultural Equipment Market | Page 2

in the region had witnessed a decrease despite the extension of agricultural land and the
introduction of improved production methods but increasing adoption of agriculture
equipment for farming in this region is expected to enhance the agricultural productivity
over the forecast period. Additionally, growing population of South Africa along with the
positive growth prospects for the tourism and hospitality sector are anticipated to spur the
regional food demand in the country. This, in turn would escalate the acceptance of
agriculture equipment over the coming years.
It is witnessed that many governments, especially in developing countries have been
offering credit facilities and subsidies to farmers and it is expected that South African
government will further ease such policies in near future which will aid farmers in
purchasing advanced machinery. It is anticipated that the price of the commodities will
increase in upcoming years which will aid farmers in maintaining their profit margins and
purchase machinery to improve their productivity and efficiency. As the Middle East and
African countries are shifting towards advanced mechanization, the demand for agriculture
equipment in South Africa will surge during the forecasted period. Additionally, it is
expected that there will be more favorable weather and economic conditions which will
boost agriculture sector in the country which will positively affect the agricultural
equipment demand in the country.
Area under Cultivation in South Africa, Crop Production in South Africa, Number of Farms
in South Africa, GDP from Agriculture and Spendings on Agriculture are some other key
factors that may have positive impact on the market, according to the Analyst at Ken
Research.
Ken Research in its latest study, South Africa Agricultural Equipment Market by Major
Products (Tractors, Combine Harvesters, Tractor Implements and Rice Transplanters), By
Application (Land Development, Sowing & Planting, Weed Cultivation, Harvesting &
Threshing, Post-harvest & Agro Processing), By Planting Equipment (Row Crop Planters,
Air Seeders, Grain Drills and Others) and By Major Regions – Outlook to 2022, suggests
that demand for agriculture equipment in the country will grow at a positive growth rate
majorly owing to improved climatic conditions backed with increasing purchasing power of
the farmers.
Key Topics Covered in the Report
Agricultural Equipment Market in South Africa
Business Model in South Africa Agricultural Equipment Market
South Africa Agricultural Equipment market size
South Africa Tractor Market Size
Power Tillers Market Sales South Africa
South Africa Tractor Sales and Forecast
Combine Harvesters Demand in South Africa
Rice Transplants Market Size South Africa