Kenya Farm Tractor Market size is projected to increase at a CAGR of 6.6% during 2023-2029

Based on power rating, the 40 HP-100 HP segment attained the highest revenue share in Kenya Farm Tractor Market – 6Wresearch

On the basis of power rating, the 40 HP- 100 HP segment contributed a major revenue share to the Kenya farm tractor market and is anticipated to maintain its dominance during the forecast period as well due to their versatility and suitability for a wide range of agricultural tasks such as plowing, tilling, planting, and harvesting, while being relatively affordable and economical to operate. This segment is generating significant revenue owing to the government's growing support for the agricultural sector. Initiatives such as facilitating the testing, promotion, and distribution of cost-effective irrigation technology, as well as improving access to credit and investment funds, are expected to contribute to substantial revenue growth, especially for the 40 HP-100 HP tractors.

According to 6Wresearch, Kenya Farm Tractor Market size is projected to increase at a CAGR of 6.6% during 2023-29. The role of agriculture in the Kenya economy is equally pivotal. In light of the adverse impacts of the COVID-19 pandemic and the Russia-Ukraine war, the Kenyan government is taking significant measures to ensure food security and enhance the resilience of the economy. Notably, investments have been made in the agricultural sector, exemplified by the Agricultural Sector Transformation and Growth Strategy introduced in 2019. Moreover, collaborations with various non-governmental organizations have facilitated the testing, promotion, and distribution of cost-effective irrigation technology. These government-led initiatives are expected to uplift the livelihoods of farmers, exert a positive influence on their purchasing power, and consequently, drive an increased demand for farm tractors across the country in the years to come.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, two-wheel drive tractors in Kenya, known for their versatility and ability to handle field shocks, witnessed significant demand and secured a major share in the overall farm tractor market. Moreover, as farm mechanization increases and the number of agriculture machinery hiring enterprises grows, the market demand for two-wheel drive tractors is expected to further escalate in the coming years.

The Kenya Farm Tractor Market (2023-2029) report provides an in-depth analysis with 17 figures and 6 tables, covered in 64 pages. The report comprehensively covers the market by power rating and drive type. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.