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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Atractoris an engineering vehicle specifically designed to deliver a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery such as that used in agriculture, mining or construction.
Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, and now many more. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanised.
The term "tractor" is typically used to refer to "farm tractors" in the UK, Ireland, Australia, India, Spain, Argentina, Slovenia, Serbia, Croatia, the Netherlands, and Germany. The general public is generally unaware of this usage outside of the vehicle trade.
The term "tractor trailer" is used both in Canada and the US to describe a piece of farm machinery, while it can also refer to the road tractor section of a tractor trailer vehicle. Every motor vehicle intended and operated primarily as a farm implement for pulling ploughs, mowing equipment, and other husbandry implements is referred to as a farm tractor.
Ethiopia's economy is reliant on agriculture, which generates 40% of the country's GDP, 80% of its exports, and almost 75% of its employment. Only 5% of the land is irrigated, and agricultural yields from small farms are below average for the region.
Market connections are poor, and only a small amount of new seeds, fertilisers, and insecticides are used. Despite these obstacles, Ethiopia's persistent poverty and food insecurity can be overcome in the long run by agriculture-led economic growth that is connected to better nutrition and livelihoods.
The Ethiopia farm tractor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In sub-Saharan African nations, and particularly in Ethiopia, accomplishing sustainable development goals is difficult if not assisted by agricultural mechanisation.In Ethiopia, animal power is the predominant method of transportation, threshing, and ploughing; yet, little effort has been made to determine the demand for tractors among subsistence farmers in the research region.
In order to comprehend the preferences of subsistence wheat farmers for agricultural tractors in Ethiopia.Additionally, they are prepared to pay for tractors that only transport goods and for tractors that only plough, and for tractors that only plough and transport goods. The present rental price was discovered to be well outside the confidence interval of the estimated price, nevertheless, as a result of high wheat producers being excluded from the rent experiment.
The government should support and promote the proper usage of agricultural tractors that subsistence farmers can afford to rent or buy. Conservative farming should also be undertaken because excessive tractor use might harm biological processes and biodiversity.
THE ADDIS ABABA - Representatives from YTO China-Africa Machinery Corp. and Ethio Engineering Group lay the cornerstone for the assembly factory in Mojo Town, which would have a production capacity of 1000 tractors annually.
This occurs just days after the EEG and China's top agricultural equipment manufacturer reached a deal to build an assembly facility and form a collaboration for the expertise and technology transfer in the manufacture of tractors and farm machines. With the ability to build 10,000 tractors annually, it will be one of the largest operations in Africa, according to the statement.
Misganu Arga, the chief executive officer of EEG, claimed that due to the Adama plant's oldest tractor assembly line's constrained capacity, the construction of a new facility has become necessary.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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