Middle East and Africa Agricultural Machinery Market 2021-2027 Growth Demand, COVID-19 Impact Analysis And Future Challenges

Precision Business Insights published a research report on “Middle East and Africa Agricultural Machinery Market : By Category (Hand Tools, Power Tools), By Type of Machinery (Tractors, Cultivation Machinery, Ploughing Machinery, Trowel, Manure Spreaders, Irrigation Systems, Sorters, Harvesting Machinery, Others), By Application (Cultivation, Planting, Fertilizing and Pest control, Irrigation, Harvesting, Hay Making, Others), By Type of Crop (Forage crops, Grains and Cereals, Vegetable and Fruits, Others) and Geography - Global/Region/Country Forecast to 2027".

Agricultural machineries are machines that are used to develop agricultural land for a variety of purposes, including organic and inorganic farming. Leading manufacturing organizations are increasing their spending in different research and development operations in the global agricultural machinery industry. In the year 2018, the agricultural machinery market had a market value of USD 203.20 billion. During the projected period, from 2020 to 2027, it is expected to increase at a CAGR of 7.82 percent. The adoption of innovative technologies like as electric and hydrostatic ideas in tractors, as well as rising mechanization in the agriculture sector, are expected to affect market growth.

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The loss of people in the food production business, such as farmers and other labor, is expected to raise demand for agricultural equipment and machinery in order to boost farm worker productivity. Agricultural output rises in tandem with human productivity as a result of sophisticated machinery. Another development driver for the market is favorable government policies in both developed and developing nations, which allow for the execution of several programmes to stimulate demand for agricultural machinery. Additionally, these machines provide a variety of other benefits, such as a reduction in the time it takes to complete various tasks, an increase in production, and increased earnings from the produce. Farmers' use of advanced agricultural practices and technology leads in a significant boost in crop productivity. In addition, increased spending on research and development activities contributes to the creation of new agricultural machinery. The agricultural machinery market is expected to increase considerably over the projected period due to the factors stated above. The agricultural machinery industry is expected to face significant obstacles in the next years, which might stifle market growth. The high cost of sophisticated agricultural equipment and machineries is a key factor that is expected to limit the market's growth, since it affects demand for agricultural machinery, particularly in low-income nations.

Based on product, The Middle East and Africa Agricultural Machinery Market is fragmented into tractor, rotavator, thrasher, multi crop planter, self-propelled vertical conveyer reaper, power tiller, harvester, irrigation systems and others. The market is categorized by crop into vegetable crops, grain crops, fruit crops, high-value crops and fiber crops. In terms of applications, the market is segregated into land development & seed bed preparation, harvesting & threshing, sowing & planting, weed cultivation, plant protection and post-harvest & agro processing. The energy capacity segment is further sub-divided into below 100 HP, 101-500 HP, 501-1000 HP and more than 1000 HP, Saudi Arabia dominates the Agricultural Machinery Market in the Middle East and Africa, thanks to increased government efforts and improved middle-class farmer income, which encourages the use of agricultural machinery.

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There are some major players working in middle east and africa agricultural machinery market, which include CLAAS (Germany) Deere & Company (U.S.) CNH Industrial (U.K) Bernard Krone Holding SE & Co.KG (Germany) Agrostroj Pelhrimov A.s(Czech Republic) AGCO (U.S) Mahindra Group (India) Valmont Industries Incorporated (U.S.) China National Machinery Industry Corporation (China) Concern Tractor Plants (Russia)

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