October 11th, 2022
MEA Agriculture Equipment Market
The MEA Agriculture Equipment Market is expected to grow at a faster CAGR over the forecast period (2020-2027).
The factors driving the growth of MEA Agriculture Equipment Market includes growing adoption of precision farming methods, Government initiatives to boost the agriculture production and growing demand for organically produced food items. According to the report published by Statista, the per capita market size for organic food in United Arab Emirates was estimated around USD 4.18 in 2017 and the sales of organic packaged food and beverages reach to USD 51.2 million in 2020, which will boost the MEA Agriculture Equipment Market size in the approaching years. Moreover, growing popularity of modern farming techniques and integration of advanced technologies such as artificial intelligence (AI), global positioning systems (GPS) and internet of things (IoT) with the farm equipment, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rise in the sales of driverless and electrified tractors, rapid urbanization, improvements in the living standards and growing population growth rates, are further propelling the market growth.
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However, the growth of MEA Agriculture Equipment Market is hindered due to insufficient availability of skilled workforce.
The prominent players operating in the market are Kverneland Group, Kuhn Group, Netafim Limited, Deere and Company, CNH Industrial N.V., AGCO Corporation, Tractors and Farm Equipment Limited, Escorts Group, Iseki & Co., Ltd., and Claas, among others.
Product: Segment Analysis
Based on Product, the Tractors segment is anticipated to grow at a significant CAGR during the forecast period attributed to increasing us of tractors by farmers for agriculture related activities such as ploughing and sowing.
Application: Segment Analysis
Based on Application, the Harvesting & Threshing segment is expected to grow at a remarkable CAGR over the forecast period. The agriculture equipment is increasingly used by farmers in the Middle eastern countries to because the thresh out the grains and reducing the labor cost, are some of the factors responsible for the segment’s growth.
Countries: Segment Analysis
Based on Countries, Ethiopia, Nigeria, and Tanzania are estimated to capture a sizeable market share during the forecast period. High arable land holdings, growing demand for organically produced food items, favorable demographics, and climatic conditions for agriculture activities, rising disposable incomes and growing population growth rates, are some of the important factors augmenting the market growth.
MEA Agriculture Equipment Market by Product
Planting EquipmentRow Crop Planters
Irrigation & Crop Processing Equipment
Hay & Forage Equipment
MEA Agriculture Equipment Market by Application
Land Development & Seed Bed Preparation
Sowing & Planting
Harvesting & Threshing
Post-harvest & Agro Processing
MEA Agriculture Equipment Market by Countries
UAE Agriculture Equipment Market All-Up
Turkey Agriculture Equipment Market All-Up
Egypt Agriculture Equipment Market All-Up
Saudi Arabia Agriculture Equipment Market All-Up
Rest of MEA Agriculture Equipment Market All-Up
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