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南アフリカの農業機械市場ー業界洞察、主要プレーヤー・企業別、成長機会別、最新傾向別、開発別、主要な成長ドライバー別、主要な課題別によってセグメンテーション、予測


[ 英語タイトル ] South Africa Agricultural Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


Product Code : MDAG00112628
Survey : Mordor Intelligence
Publish On : May, 2021
Category : Agriculture and Allied Activities
Report format : PDF
Sales price option (consumption tax not included)
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5 User USD3750 / Question Form
Enterprise User USD6500 / Question Form
South Africa

[Report Description]

The South African Agricultural Machinery Market is projected0 to register a CAGR of 5.6% during the forecast period (2021-2026). During Covid19, the sector has seen a sharp dip in the agricultural machinery business and the most affected segment could be the dealership network due to the disruption supply chain and also manufacturing units were not 100 % active. Due to the travel restrictions, production of goods is delayed, as supply is being interrupted had resulted in a sharp decrease in sales of agricultural machinery business during 2019-2020. Agriculture has been one of the most important sectors of the South African economy. Gulf countries and the Arab world remain reliant on South Africa for grains, fruits, and vegetables. It is one of the few countries in Africa to be economically developed is a fact that drives agricultural machinery adoption. Labour shortage and an increase in daily wages are also some of the other prime market drivers. The agricultural sector contributed around 10 percent to South Africa’s total export earnings in FY 2019 at a value of $10.7 billion. Citrus, wine, table grapes, corn, and wool accounted for the largest exports by value. South Africa also exports nuts, sugar, mohair, apples, and pears to name just a few products. The major products imported were rice, wheat, chicken cuts and offal, palm oil, whiskies, cane sugar and soybean meal.

Key Market Trends

Farm Labor Shortage Drives the Market

The shortage of farm labor became a serious problem in South Africa causing a rise in labor wages. This accelerated the sales of farm machinery and aided in market growth. According to the World Bank survey, only 5.0% of the total South African employees were working in the Agriculture sector in 2018. Inadequate services and limited access to financial capital are leading to migration from rural areas to urban centers, in search of work. According to the World Bank, Sub Saharan Africa experienced an annual urban population growth rate of 2.1% in 2019. This is leading to a labor shortage in the agriculture sector.

Rise in the Tractor Sales

Tractors Market is one of the most important segments of South African Agricultural Machinery. Tractor, being basic agriculture machinery, occupies the major part of Agriculture machinery in terms of units sold. A continuous increase in tractors sales is noticed for the last few years. The average number of tractors per thousand hectares of land in South Africa was 3.8 in 2018, which was 3.2 in 2017. The tractor sales were fuelled by increasing government subsidies for farm mechanization, accommodative financing, growth in the agricultural industry and increased awareness towards farm machine mechanization.

Competitive Landscape

The market is consolidated owing to the presence of a few prominent players, accounting for more than half of the market. The key players in the market include Deere and Company, AGCO Corporation, CNH Industrial N.V, Mahindra & Mahindra South Africa Pty Ltd, and Kubota Corporation. The main strategy adopted by the key players has been to invest in R&D to encourage innovation and maintain a strong market base. The advent of advanced technologies like Artificial Intelligence, Robotics, Google Earth, and a growing number of government initiatives have driven the demand for the South African agricultural machinery market to rise.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Tractors
5.1.1.1 Engine Power
5.1.1.1.1 Less than 40 HP
5.1.1.1.2 40 HP to 99 HP
5.1.1.1.3 Greater than 100 HP
5.1.1.2 Type
5.1.1.2.1 Compact Utility Tractors
5.1.1.2.2 Utility Tractors
5.1.1.2.3 Row Crop Tractors
5.1.2 Ploughing and Cultivating Machinery
5.1.2.1 Ploughs
5.1.2.2 Harrows
5.1.2.3 Cultivators and Tillers
5.1.2.4 Other Ploughing and Cultivating Machinery
5.1.3 Planting Machinery
5.1.3.1 Seed Drills
5.1.3.2 Planters
5.1.3.3 Spreaders
5.1.3.4 Other Planting Machinery
5.1.4 Harvesting Machinery
5.1.4.1 Combine Harvesters- Threshers
5.1.4.2 Forage Harvesters
5.1.4.3 Other Harvesting Machinery
5.1.5 Haying and Forage Machinery
5.1.5.1 Mower- Conditioners
5.1.5.2 Balers
5.1.5.3 Other Haying and Forage Machinery
5.1.6 Irrigation Machinery
5.1.6.1 Sprinkler Irrigation
5.1.6.2 Drip Irrigation
5.1.6.3 Other Irrigation Machinery

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 John Deere (Pty) Ltd
6.3.2 CNH Industrial NV
6.3.3 AGCO Corporation
6.3.4 Mahindra & Mahindra South Africa Pty Ltd
6.3.5 Kubota Corporation
6.3.6 JC Bamford Excavators Limited
6.3.7 Lindsay Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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