By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
The green revolution, which was initially initiated by the United Nations’ World Food Program, has marked a paradigm shift in the agricultural economy of South Africa from food aid to domestic production.
The market for tractors and other agricultural machinery in South Africa currently has significant growth potential.Since the market was brought to a standstill due to extremely dry weather, the tractors market in South Africa has been reviving.
Given the enormous potential of the farm equipment market in South Africa, major players in the global tractor industry plan to establish South Africa as their manufacturing and export hub.
According to the South African Crop Estimate Committee, farmers plan to plant more summer grains and oilseeds in the coming cropping season, boosting the tractor market.
Tractor, high-power, low-speed traction vehicle, and power unit designed for use off the road but mechanically similar to a car or truck.Wheeled, the earliest form, and continuous track are the two main types.
Construction, agriculture, and the construction of roads all require tractor use.in the form of scrapers, diggers, and bulldozers. The power-takeoff accessory, which is used to operate stationary or drawn machinery and implements, is an important feature of tractors in many applications.
The South Africa 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.
Due to the COVID-19 pandemic’s global spread and nationwide lockdowns, African farmers have experienced transportation difficulties in transporting their agricultural machinery from dealer points to their fields.
In addition, during the pandemic, new regulations implemented across Africa have had an impact on the farm machinery industry.This prevented farmers from investing a lot of money in the current season and purchasing new agricultural machinery.
Tractors for agriculture have a huge market potential in Africa.It is anticipated that this sector will be driven by the expanding government support for agricultural sector development. Entrepreneurs who run several centres that rent out and service tractors receive discounted tractors from the Ghanaian government.
Uncertainty regarding crop yields and exchange rates impacted tractor sales in a lot of Africa.Farmworker shares in farms and land restitution issues further exacerbated the farmers’ precarious situation.
