Government Support for Agricultural Machinery and Increasing Farmer Affordability to Drive Market Growth
The market for agricultural machinery in Egypt achieved a CAGR of 5.9% in terms of revenue during the period 2011-2016. The market for agricultural machinery in Egypt has been driven by the revenues generated from the sale of four wheel tractors in the country. As majority of farmers utilize tractors for land preparation, pre-harvest mechanization rate is still higher in comparison to post-harvest mechanization rate.
Majority of demand for agricultural machinery comes from large agricultural cooperatives, companies with mega farms and the Egyptian government that controls state farms. Most farmers with small land holding have preferred to use labor as a result of its cheap availability in addition to renting out small agricultural machinery for farm operations in order to ensure positive return on investment. Central and South Egypt has continued to witness high productivity from farm operations and higher mechanization rate due to the presence of large private and state owner farms. Conversely, North Egypt is dominated by fragmented land holdings and small farmers producing crops for household consumption.
“According to Research Analyst at Ken Research, a major thrust area where none of the manufacturers of agricultural machinery have focused on is the rental/ custom hiring market in Egypt. Manufacturers should also look to introduce small agricultural machinery that meets the budget and requirements of farmers. In addition, new and existing players should look to set up their manufacturing facility within the domestic territory and expand their dealer network by setting up representative offices in close proximity to agricultural areas.”
The report titled “Egypt Agricultural Machinery Market Outlook to 2021 – Consolidation of Small Farm Holdings and Improving Credit Conditions to Foster Future Growth” provides an inclusive analysis of the Agricultural Machinery Market in Egypt. This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, agricultural machinery manufacturers, dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Key Products Mentioned in the Report
Tractors, Combine Harvesters, Rice Transplanters, Tractor Implements – Rotavators, Disc Plough, Disc Harrows and Others,
Companies Covered in the Report
Belarus (Minsk Tractor Works)
CLAAS
Foton
- New Holland
- Massey Ferguson
- Agricultural Machinery Industry,
- Cropping Pattern Egypt,
- Mechanization rate Egypt,
- Farm Machinery Egypt,
- Agricultural tractor industry,
- Tractor Import Egypt,
- Dealers Sales Egypt Tractor,
- M&M Egypt Assembly unit,
For more information about the publication, refer to below link:
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Ken Research
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Ankur@kenresearch.com
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