Ethiopia Farm Tractor Market 2022-2030

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    ETHIOPIA FARM TRACTOR MARKET

     

     

    INTRODUCTION

    A tractor is 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.

    Ethiopia Farm Tractor Market, Ethiopia Farm Tractor Market Size, Ethiopia Farm Tractor Market Trends, Ethiopia Farm Tractor Market Forecast, Ethiopia Farm Tractor Market Risks, Ethiopia Farm Tractor Market Report, Ethiopia Farm Tractor Market Share

     

    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.

     

     

    ETHIOPIA FARM TRACTOR MARKET SIZE AND FORECAST

    The Ethiopia farm tractor market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

     

     

    MARKET DYNAMICS

    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.

     

    COMPANY PROFILE

     

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Ethiopia farm tractor market right now and how will it change in the next 5-6 years?
    2. Average cost to set up a Ethiopia farm tractor market in the US, Europe and China?
    3. How many Ethiopia farm tractor market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Ethiopia farm tractor market and key vendor selection criteria
    6. Where is the Ethiopia farm tractor market  manufactured? What is the average margin per equipment?
    7. Market share of Ethiopia farm tractor market manufacturers and their upcoming products
    8. The most important planned Ethiopia farm tractor market in next 2 years
    9. Details on network of major Ethiopia farm tractor market and pricing plans
    10. Cost advantage for OEMs who manufacture Ethiopia farm tractor market in-house
    11. 5 key predictions for next 5 years in Ethiopia farm tractor market
    12. Average B-2-B Ethiopia farm tractor market price in all segments
    13. Latest trends in Ethiopia farm tractor market, by every market segment
    14. The market size (both volume and value) of Ethiopia farm tractor market in 2022-2030 and every year in between?
    15. Global production breakup of Ethiopia farm tractor market, by suppliers and their OEM relationship
    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, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    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, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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