DUBLIN--(BUSINESS WIRE)--The "South Africa Agriculture Tractors Market-Size, Trends, Competitive Analysis and Forecasts (2019-2024)" report has been added to ResearchAndMarkets.com's offering.
The agriculture tractor market in South Africa was worth USD 1.3 billion in 2018 and is expected to grow at a CAGR of 5.3% during 2019-2024.
Agriculture is a promoter for economic growth in South Africa and contributes 2.5% towards the GDP. The agriculture sector is at a significant intersection, facing numerous challenges such as depleted soils and over-extracted & polluted water reserves. The agriculture sector is moderately mechanized in Africa. Water scarcity resulting from prolonged drought and declining rainfall is pushing for mechanization in the agriculture sector. Global market pressure for low carbon, environmentally friendly agriculture products is an increasingly significant factor for the adoption of mechanization.
Drivers
Seasonal rural labor shortages due to urban migration is the major driving factor for the adoption of mechanization in agriculture, pushing for more utilization of agriculture tractors. Within this evolving context there has been strong advocacy for agricultural machinery appropriate for farmers' small fields and resource base, and to enhance land productivity and encourage sustained agricultural intensification.
Restraints
Less spread of mechanized agriculture systems is a major restraint to the growth of the agriculture tractor market. Other factors limiting the adoption of agriculture tractors are poor road networks, lack of information and extension services and poor market infrastructure. Also, increasing vulnerability due to climate change is restricting the flow of investments into the agriculture machinery. Uncertainty due to policy shifts focused on land issues is another factor restricting the investments in agriculture and agriculture machinery.
Opportunity
There is a huge opportunity for tractor manufacturers to expand in the South African market. There is a strong push for scale-appropriate tractors or tractors suitable for small & medium landholdings. This category can help the manufacturers to attract a wider customer base as these tractors are economical options and increase returns to land & labor.
Key Deliverables
- Market trends since 2015 and five-year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on the growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Key Topics Covered:
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions
2. Summary
3. Industry Dynamics
3.1 Drivers
3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia
3.1.2 Push for agriculture mechanization from policy makers
3.1.3 Focus to increase cropping intensity
3.1.4 Dwindling agriculture laborers due to Urbanization
3.2 Restraints
3.2.1 Diminishing area under agriculture
3.2.2 Increased number of fragmented landholding in Asia
3.2.2 Consolidating farmland under contract farming & co-operatives
3.3 Opportunities
3.3.1 Growing emphasis on Precision farming
3.3.2 Hill Agriculture
3.3.3 Gender friendly tools and Equipment
3.3.4 Crop Specific Package of machines
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in the Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations
4. Market Size and Forecast
4.1 Market Share, By Types
4.1.1 Utility Tractors
4.1.2 Row crop tractors
4.1.3 Garden Tractor
4.1.4 Orchard Tractor
4.1.4 Rotary Tillers
4.1.5 Others
4.2 Market Share, By Horse Power
4.2.1 Below 40 HP
4.2.2 40 HP-100 HP
4.2.3 Above 100 HP
4.3 Market Share, By Wheel Type
4.3.1 Two Wheel
4.3.2 Four Wheel
5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices
6. Company Profiles
6.1 AGCO Corp.
6.2 Claas KGaA mbH
6.3 CNH Industrial N.V
6.4 Deere and Company
6.5 Deutz-Fahr
6.6 Escorts Limited
6.7 Kubota Corporation
6.8 Kuhn Group
6.9 Mahindra & Mahindra Ltd.
6.10 Tractors and Farm Equipment Ltd.
6.11 Yanmar Company Limited
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