Market Research Reports - Ken Research Agromaster Revenue from Agricultural Equipment

South Africa Agricultural Equipment Market was led by Export Demand backed with
Increasing Need for Mechanization in the Agriculture Industry: Ken Research
Increasing need for accuracy, productivity & efficiency and growing demand for larger and four
wheel tractors will majorly drive South Africa agriculture equipment market in upcoming years.
Agriculture has played an important role in the South African economy. It is one of the few
countries in Africa which is economically developed and that has aided the adoption of
agriculture machinery in the country. A large number of countries in the GCC and other parts of
the Arab world are highly dependent on South Africa for vegetables, fruits and grains. The
agriculture equipment market in the country has gained momentum after the economic
recession of 2008 and in terms of market share South Africa is the largest market for farm
equipment in Africa region. During the review period, farmers in the South Africa agriculture
equipment market are supported by the government which has aided overall market growth.
The agricultural equipment market witnessed major surge in demand from the tender business
backed with huge demand for exports majorly from African countries. In recent years the
demand of larger and four wheel tractors has inclined at a rapid pace driven by need for high
productivity and efficiency in the agricultural fields.
The market witnessed volatile growth over the years majorly owing to huge drought in the
country which resulted in import of food from foreign countries. Heavy drought, lack of skilled
manpower, lack of awareness about new technologies, lack of purchasing power and
fluctuating commodity prices have been major constraints of the market growth. The farmers
and the government are focusing on overcoming market constraints thereby providing easy
credits to purchase agriculture equipments. It was witnessed that agriculture machinery market
was majorly driven by tractors and combine harvesters with a well developed ecosystem of
manufacturing and sales by a number of regional manufacturers. Entry of new players in the
market, growing demand for mechanization and huge export demand were the major growth
drivers of South Africa agricultural equipment market during the review period.
The report titled “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” by Ken Research suggested that growth in
international trade of agricultural equipment will majorly account for the overall revenue
growth of South Africa agricultural equipment market in next 5 years till 2022.
Key Topics Covered in the Report
Agricultural Equipment Market in South Africa