Egypt Farm Equipment Market Outlook (2023-2029) | Size, Industry, COVID-19 IMPACT, Companies, Trends, Growth, Analysis, Value, Revenue, Forecast & Share

Egypt Farm Equipment Market | Country-Wise Share and Competition Analysis

In the year 2021, Belgium was the largest exporter in terms of value, followed by Italy. It has registered a growth of 8.44% over the previous year. While Italy registered a decline of -12.71% as compared to the previous year. In the year 2017, Italy was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has a Herfindahl index of 2954 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  1720 which signifies moderately concentrated in the market.

Egypt Farm Equipment Market - Export Market Opportunities

Topics Covered in Egypt Farm Equipment Market Report

Egypt Farm Equipment Market report thoroughly covers the market by power output, by drive type, by function, and equipment type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Farm Equipment Market Synopsis

Egypt Farm Equipment Market is expected to grow in the forecast period. The growth in this sector can be attributed to various factors such as the rise of mechanization in the agricultural industry, growing population, and the increasing demand for food. Government policies are also playing a major role in the expansion of the market.

According to 6Wresearch, the Egypt Farm Equipment Market size is anticipated to grow during 2023-2029. The market is growing rapidly due to various factors. The support of the government is the major driver of the market. The government of Egypt is promoting the agricultural industry to boost the economy of the country. The demand for quality agricultural products is one of the major drivers for the growth of the market. The use of advanced equipment can help to increase the productivity of the crop and reduces the cost of labor. The demand for farm Equipment is also increasing due to the growth in the population. There is a significant need for the production of more food. Globalization has also played a major role in the growth of the market. Certain challenges in the market have restrained the growth of the market. There is limited availability of credit facilities to the farmers and it limits their availability to buy the latest farm equipment. The use of outdated technology by the farmers has led to a lower production level. There is a major issue in remote areas due to the limited availability of spare parts and maintenance services. One of the major significant barriers in the markets is heavy import tariffs on Farm Equipment.

COVID-19 Impact on Egypt Farm Equipment Market

The COVID-19 pandemic had significantly affected the Farm equipment market in Egypt. The restrictions on movement and shutdowns of factories extensively disturbed the supply chain and caused manufacturing delays. The ability to plant crops and maintain their operations was hugely impacted as there was a shortage of farming equipment. The purchasing power of Egyptian farmers was reduced significantly due to a downturn in the economy. The farmers were reluctant to invest in the new machine which was significantly needed for efficient cultivation of crops. The farmers also faced the challenge of limited access to repair services as there was the implementation of the social distancing norms by the government. The price of imported machinery rose significantly during the pandemic and small and medium size farmers found it difficult to afford it.

Egypt Farm Equipment Market: Key Players

These are the key players in the market who are involved in the production and distribution of farm equipment.

• Mahindra & Mahindra Ltd
• Deere & Company (John Deere)
• CNH Industrial (Case IH and New Holland)
• AGCO Corporation
• Kubota Corporation
• Claas KGaA mbH
• Escorts Limited
• TAFE (Tractors and Farm Equipment Limited)
• Landini S.p.A.
• SAME Deutz-Fahr Group

Market By Drive Type

On the basis of drive type, the market is segmented into Two-Wheel and Four-Wheel. Both segments are expected to dominate the market due to their wide use by the farmers for the performance of the various task in the fields.

Market By Function Type

On the basis of function type, the market is segmented into Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, and Others. All the segments are expected to dominate the market due to technological advancement and the various initiatives by the government.

Market by Equipment Type

On the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, and Others. Tractors are anticipated to dominate the market on account of their use in different tasks.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

s:

• Egypt Farm Equipment Market Outlook
• Market Size of Egypt Farm Equipment Market, 2022
• Forecast of Egypt Farm Equipment Market, 2029
• Historical Data and Forecast of Egypt Farm Equipment Revenues & Volume for the Period 2019 - 2029
• Egypt Farm Equipment Market Trend Evolution
• Egypt Farm Equipment Market Drivers and Challenges
• Egypt Farm Equipment Price Trends
• Egypt Farm Equipment Porter's Five Forces
• Egypt Farm Equipment Industry Life Cycle
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By 31-70 HP for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By 71-130 HP for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By 131-250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Egypt Farm Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Equipment Type
• Egypt Farm Equipment Top Companies Market Share
• Egypt Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
• Egypt Farm Equipment Company Profiles
• Egypt Farm Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Power Output

• 30 HP
• 31“70 HP
• 71130 HP
• 131250 HP
• >250 HP

By Drive Type

• Two-Wheel
• Four-Wheel

By function Type

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By Equipment type

• Tractors
• Combines
• Sprayers
• Balers
• Others