Nigeria Farm Tractor Market (2020-2026)

Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-Wheel Drive, Four-Wheel Drive) And Competitive Landscape

Product Code: ETC053861 Publication Date: Jan 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 72 No. of Figures: 12 No. of Tables: 5

The Nigeria Farm Tractor market witnessed moderate growth during the period 2016-2019 due to the increasing government support in agriculture through numerous agricultural policies, programmes and projects for the country’s economic development. The agriculture sector grew by 2.2% in Q1 2020 from 2.31% in Q4 2019 and 3.2% in Q1 2019. Crop Production under the agriculture sector grew by 2.38% in Q1 2020 from 2.52% in Q4 2019 and 3.26% in Q1 2019. The lockdown imposed in Nigeria and several other countries on account of COVID-19 pandemic in 2020 resulted in supply chain disruptions, thereby, leading to a decline in market growth. However, recovery is expected in the market owing to various government initiatives including Agricultural Credit Guarantee Scheme (ACGSF) Amendment Act-2019, APPEALS Project, Zero Reject and The Buhari Administration’s Vision and Approach.

According to 6Wresearch, the Nigeria Farm Tractor Market size is projected to grow at a CAGR of 18.1% during 2020-2026F. The primary reason for the growth in the Nigeria farm tractor industry can be attributed to the several policies being undertaken to ensure food security, increase farm productivity and increase farmers’ income. Several new enterprises are providing agriculture equipment to small farmers on rental basis, such as NAMEL and TOHFAN, intending to improve farm mechanization in Nigeria. The rising number of private sector agriculture machinery hiring centres along with government initiatives to boost farmers’ productivity via increasing farm mechanisation would drive the growth of farm tractors in the country over the coming years.

Based on drive type, four-wheel drive dominated the Nigeria farm tractor market and would continue to maintain its dominance during the forecast period as well on account of its suitability in wide of variety of applications including tillage, livestock operations, crop protection and mowing.

The Nigeria Farm Tractor market report thoroughly covers the market by power rating and drive type. Nigeria Farm Tractor market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Farm Tractor 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.

Key Highlights of the Report:

  • Nigeria Farm Tractor Market Overview
  • Nigeria Farm Tractor Market Outlook
  • Nigeria Farm Tractor Market Forecast
  • Nigeria Farm Tractor Market Size and Nigeria Farm Tractor Market Forecast for the Period, 2020-2026F
  • Historical Data and Forecast of Nigeria Farm Tractor Market Revenues, for the Period 2016-2026F
  • Historical Data and Forecast of Nigeria Farm Tractor Market Revenues & Volume, By Power Rating, for the Period 2016-2026F
  • Historical Data and Forecast of Nigeria Farm Tractor Market Revenues & Volume, By Drive Type, for the Period 2016-2026F
  • Nigeria Farm Tractor Market Revenue Share, By Market Players
  • Market Drivers and Restraints
  • Nigeria Farm Tractor market trends
  • Nigeria Farm Tractor Market Overview, by Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Nigeria Farm Tractor Market Report provides a detailed analysis of the following market segments:

  • By Power Rating
    • Below 40HP
    • 40 HP – 100 HP
    • Above 100 HP
  • By Drive Type
    • Two-wheel drive
    • Four-wheel drive

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Nigeria Farm Tractor Market Overview

3.1 Nigeria Farm Tractor Market Revenues and Volume, 2016-2026F

3.2 Nigeria Farm Tractor Market-Industry Life Cycle

3.3 Nigeria Farm Tractor Market-Porter’s Five Forces

4. Nigeria Farm Tractor Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Nigeria Farm Tractor Market Trends

6. Nigeria Farm Tractor Market Overview, By Power Rating

6.1 Nigeria Farm Tractor Market Revenue Share and Revenues, By Power Rating

6.2 Nigeria Farm Tractor Market Volume Share and Volume, By Power Rating

7. Nigeria Farm Tractor Market Overview, By Drive Type

7.1 Nigeria Farm Tractor Market Revenue Share and Revenues, By Drive Type

7.2 Nigeria Farm Tractor Market Volume Share and Volume, By Drive Type

8. Nigeria Farm Tractor Market Key Performance Indicators

9. Nigeria Farm Tractor Market Opportunity Assessment

9.1 Nigeria Farm Tractor Market Opportunity Assessment, By Power Rating, 2026F

9.2 Nigeria Farm Tractor Market Opportunity Assessment, By Drive Type, 2026F

10. Nigeria Farm Tractor Market Competitive Landscape

10.1 Nigeria Farm Tractor Market Revenue Share, By Company

10.2 Nigeria Farm Tractor Market Competitive Benchmarking

10.2.1 Nigeria Farm Tractor Market Competitive Benchmarking, By Technical Parameters

10.2.2 Nigeria Farm Tractor Market Competitive Benchmarking, By Operating Parameters

11. Company Profiles

11.1 Deere & Company

11.2 Agco Corporation

11.3 Mahindra & Mahindra Ltd

11.4 CNH Industrial

11.5 CLAAS KGaA mbH

11.6 Escorts Limited

11.7 KUBOTA Corporation

11.8 SDF S.p.A.

11.9 Tractors and Farm Equipment Limited

11.10 Yanmar Holdings Co., Ltd

12. Key Strategic Recommendations

13. Disclaimer

List of Figures:

1. Nigeria Farm Tractor Market Revenues & Volume, 2016-2026F ($ Million, Units)

2. Nigeria Farm Tractor Market Revenue Share, By Power Rating, 2019 & 2026F

3. Nigeria Farm Tractor Market Volume Share, By Power Rating, 2019 & 2026F

4. Nigeria Farm Tractor Market Revenue Share, By Drive Type, 2019 & 2026F

5. Nigeria Farm Tractor Market Volume Share, By Drive Type, 2019 & 2026F

6. Nigeria Agriculture Sector Contribution to GDP, Q1 2019- Q1 2020

7. Nigeria Agriculture Sector Growth Rate, Q1 2019- Q1 2020

8. Nigeria Crop Production Growth Rate, Q1 2019- Q1 2020

9. Share of Households Participating in Crop Farming in Nigeria, 2019

10. Nigeria Farm Tractor Market Opportunity Assessment, By Power Rating, 2026F

11. Nigeria Farm Tractor Market Opportunity Assessment, By Drive Type, 2026F

12. Nigeria Farm Tractor Market Revenue Share, By Companies, 2019

List of Tables:

1. Nigeria Farm Tractor Market Revenues, By Power Rating, 2016-2026F ($ Million)

2. Nigeria Farm Tractor Market Volume, By Power Rating, 2016-2026F (Units)

3. Nigeria Farm Tractor Market Revenues, By Drive Type, 2016-2026F ($ Million)

4. Nigeria Farm Tractor Market Volume, By Drive Type, 2016-2026F (Units)

5. Distribution and Status of Tractor According to Zonal Location and Ownership in Delta State of Nigeria, 2019

Nigeria Farm Tractor Market

Middle East Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), By Countries (Kuwait, Qatar, Jordan, UAE, Saudi Arabia & Rest of Middle East) and competitive Landscape

Australia Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Asia Pacific (APAC) Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Singapore, Thailand, South Korea, Philippines & Rest of APAC) and competitive Landscape

Saudi Arabia Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Qatar Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Oman Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

UAE Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Saudi Arabia Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Oman Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

South Korea Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Philippines Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Indonesia Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

India Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Myanmar Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

Kenya Farm Tractor Market (2020-2026): Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive), and competitive Landscape

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