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Government Support for Agricultural Mechanization and Strong Replacement Demand to Drive Egypt Agricultural Equipment Industry: Ken Research

Tuesday, March 14, 2017 21:56
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(Before It's News)

The 2021 projection for GDP of Egypt is estimated to be USD 573.7 billion while the GDP (PPP) of the country is expected to reach USD 1,281.9 billion

Changes in availability of labor, improving credit environment, government support for agricultural mechanization and a strong replacement demand are expected to drive the growth of agricultural equipments in Egypt

Ken Research announced its latest publication on Egypt Agricultural Machinery Market Outlook to 2021 – Consolidation of Small Farm Holdings and Improving Credit Conditions to Foster Future Growth provides a comprehensive analysis of the agricultural machinery market in Egypt. The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters and Tractor Implements. The product categories have been further segmented in the research report. The publication also covers the market share, competitive landscape and warranty policies of agricultural equipments. Land under cultivation, Changes in cropping patterns, farm holding structure and scale of mechanization are covered in agricultural overview. Regulatory policies, the import duty structure, certification and emission standard, subsidies and financing options are covered in government regulation. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The overall agricultural machinery market in Egypt is poised to grow at a positive rate during the period 2017-2021. The sale of tractors in the country has been driven by the increased demand for high powered tractors from the Egyptian government and large agricultural companies in the past and this trend is expected to continue in the future. The low farm holding structure among small farmers across Egypt has inhibited them from purchasing new machinery. It is projected that local rental companies will increase their demand for purchasing combine harvesters in order to lease or rent them to farmers. Thus, manufacturers and dealers of agricultural tractors will look forward to tie up with banks and financial institutions to provide farmers with cheap credit so they can procure new machinery.

“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.”

Key Topics Covered in the Report:

Country Overview: Gross Domestic Product (GDP) of Egypt, Key Factors Driving Growth in GDP, Contribution to GDP: Agriculture, Manufacturing and Service Sector, Population Demographics, Rural to Urban Population, Agriculture and Non-Agriculture Population, GDP Per Capita of Egypt

Agricultural Overview: Total Land under Cultivation, Distribution by Major Crops, Changing Cropping Patterns in Egypt and Factors Driving Change, Farm Holding Structure in Egypt, Regulatory Policies Impacting Farm Holding Structure,

Agricultural Practices: Extensive and Intensive Farming, Scale of Mechanization, Irrigated and Non-Irrigated Land

Government Policy Impacting the Agricultural Equipment Market: Regulatory for Domestic Vs Importer, Import Duty Structure, Certification, Subsidies, Government Taxes, -Finance Options

Market for Tractor and Agricultural Implements: Tractor Market, Rice Transplanter Market, Combine Harvester Market, Tractor Implements Market

Market Share of Leading Manufacturers

Rental and Custom Hiring Market

Tractor and Implements Channel Strategies

After Sales Warranty and Support Policies

Future Projections for Egypt Agricultural Equipment Market

Customer Insight: Decision Making Process for Procurement of Agricultural Equipments, Usage Pattern for Major Agricultural Equipments in Egypt

Analyst Recommendations

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

For more information about the publication, refer to below link:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/egypt-agricultural-machinery-market-report/87315-104.html

Related Reports:

China Agricultural Equipment Industry Outlook to 2018 – Promoted By Favorable Government Policies

Vietnam Agricultural Machinery Market Outlook to 2020 – Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth

Thailand Agricultural Machinery Market Outlook to 2020 – Changing Labour Force Pattern and Improving Credit Conditions to Foster Future Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

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