Development of infrastructure, better supportive government policies,
change in business model of various financing companies, easy availability of
monetary resources, growth in the agriculture sector & increased marketing
expenditure have been the key factors driving growth in South Africa
agricultural equipment market.
South African Agricultural Equipment Market played an
imperative role in the overall GDP contribution in the South African economy.
The market demand is driven principally by imports from various countries
specially India and China. The market compasses similar trends fairly in-line
with the production and sales of agricultural products. After witnessing a decline in 2016 in terms
of sales of machinery, the market is currently placed in its recovery phase
tracing a slow-moving growth. Major operations are conducted by three types of
entities namely, domestic OEMs, international OEMs and distributors. A
multitude of new business strategies were adopted by major players including
new product launches, higher investment & increased area under precision
farming, better marketing strategies adopted and continuous improvement in
extending after sales services. South
Africa has over 100 players with international OEMs dominating the share market
in terms of sales volume in 2018.
The
report titled “South Africa Agricultural Equipment Market Outlook to
2025 -By Product Type (Tractors, Tillage Equipment, Planters & Seeders, Sprayers,
Combine Harvesters, Precision Farming and Others); By Domestic Sales and
Import; By Region (Free State, Mpumalanga, Kwa Zulu Natal and Others)”
suggests that the growth key is in the hands of rate of adaptation of
advance machinery by both small & large scale farmers in South Africa. This
would lead the market to grow registering a CAGR close to 2% in terms of sales
volume during the year 2018-2025.
South Africa Agricultural Equipment Market increased registering
a CAGR over 5% on the basis on sales value during 2012-2018. The sales volume
of machinery increased at a CAGR of close to 3% during the review period. The
market was fuelled by increasing government subsidies for farm mechanization,
rising financial assistance, growth in the agricultural industry and increasing
awareness for mechanization in the agricultural industry. The market, however,
showcased a slow pace growth owing to low purchasing power & high cost,
consistently adverse climatic shocks and dependence on import of agricultural
machinery. The review period has witnessed an improved focus on developing the
infrastructural facilities, expansion of company operations, regulatory
liberalizations leading to a gradual increase in demand. Major companies have
diversified their product streams, entered into international affiliations and
upgraded their policies to foster the market demand better.
The overall competition stage of the market has been
concentrated wherein the market is extensively dominated by international OEMs
importing their equipments into South Africa to fill the excess demand so
generated. The international OEMs dominance is the consequence of the trust and
brand value attached with these players thus making it difficult for domestic
manufacturers to establish themselves. The major
competing parameters for the entities include access of distribution and
dealership network, price of the products offered, after sales services and
digitalization in the equipments. Penetration of precision farming in the
equipments has been a major parameter to drive the competition in the market.
South Africa Agricultural Equipment Market is likely to experience an upward
trend in terms of sales volume as well as sales value of agricultural
equipments. The market growth is expected to be the consequence of increase in
population, rising demand & prices, growing energy demand, multifunctional
machinery, changing consumption patterns, increasing financing options and
penetration of driverless tractors in South Africa.
Keywords:-
South Africa Agriculture Equipment Market
South Africa Agriculture Equipment Industry
South Africa Combine Harvester Market
South Africa Tractor Market
South Africa Tractor Market Analysis
South Africa Tractor Major Companies
Tractor Market South Africa Future
Tractor Major Type South Africa
Tractor Horse Power South Africa
Tractor Wheel Type South Africa
Best Seller Tractor South Africa
Cnh Tractor Market South Africa
Agco Tractor Market South Africa
Tillage Equipments Market South Africa
Sprayers Market South Africa
Tractor Lease South Africa
Harvester Lease South Africa
Machine Rental Space South Africa
Tractor Rental South Africa
Harvester Rental South Africa
Best Seller Harrow South Africa
Best Seller Tractor South Africa
Best Seller Harvester South Africa
Farmers Weekly South Africa
Farmer Magazine South Africa
Farm Equipment Market South Africa
Farm Machinery Market South Africa
John Deere Tractor Market South Africa
Landini Tractor Market South Africa
New Holland Tractor South Africa
Key Segments Covered:-
Market Segmentation by Product Type Including Tractors,
Tillage Equipment, Planters & Seeders, Sprayers, Combine Harvesters,
Precision Farming and Others. (Sales Volume)
Market Segmentation By Domestic Sales and Import (Sales
Volume)
Market Segmentation Including Free State, Mpumulanga,
Northern Cape, Western Cape, Kwa Zulu Natal, Others By Region (Sales Volume)
Key Target Audience:-
Existing Agricultural Equipment Companies
New Market Entrants- Domestic OEMs
New Market Entrants- Foreign OEMs
Agricultural Equipment Financing Companies
Government Bodies
Investors & Venture Capital Firms
Agricultural Equipment Manufacturers
Agricultural Equipment Distributors
Agricultural Equipment Associations
Time Period Captured in the Report:-
2012-2018 – Historical Period
2019-2025 – Future Forecast
Companies Covered: Bell Equipment, Falcon Equipment,
Radium Engineering, GC Tillage, AGRICO, Agri Supplies, AGRICON, Bestbier, Big
Dutchman, BPI Manufacturing, Cape Agricultural Products, Enorossi, Gomselmash,
Green Zone, Hose Manufacturer’s (PTY) Limited, Monosem, Jinma Tractors South
Africa, John Deere, New Holland, Landini, Massey Ferguson, Case IH, CLAAS,
Valtra, Mahindra & Mahindra Limited, Valmont Industries Incorporated, World
Group Company Limited, JCB Limited, Kuhn Group, Netafim Limited, Yanmar Company
Limited, Agco Corporation, Agro Master, CNH Industrial and Morris Industries
Limited, BHBW, Northmec, ARGO Industrial, DICLA, NHSA Agriculture Parts,
Orchard Agrimek, Rebelo Agricultural Group, Southtrade, Vermeer equipment
Sales, Mascor, BEPCO, DICKEY-John Corporation and Jupidex, New Holland, John
Deere, Massey Ferguson, Case IH and CLAAS
To know more, click on the link below:-
Related Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
