Middle East & Africa Compact Tractors Market Forecast to 2030
Middle East & Africa Compact Tractors Market Forecast to 2030 – Regional Analysis – by Capacity (Below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP), Drive Type (Two-Wheel Drive and Four-Wheel Drive), and End Use (Agriculture and Utility)
$2,840 – $4,440
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Electrification of Compact Tractors Drive Middle East & Africa Compact Tractors Market
Several countries across the globe are focusing on electrifying compact tractors to reduce operation time and increase productivity by mechanizing the processes. The development of hybrid compact tractors is one of the market’s major future trends. The growing concern of environmental pollution, soil pollution, and climate change is also boosting the development of electrified compact tractors, which are low on carbon emissions and more environment friendly.
Also, various economies are focused on net-zero emission policies, thus promoting the adoption of electric vehicles. It is likely to reduce the demand for traditional fuel-based tractors and boost the demand for electric tractors across the region. The mounting demand for sustainable and eco-friendly alternatives in the agricultural sector is expected to be a major growth factor for the compact tractors market.
Middle East & Africa Compact Tractors Market Overview
The Middle East & Africa compact tractors market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Agriculture is challenging for GCC nations due to their marginal environments that are characterized by poor soil quality, high temperatures, and low annual rainfall. Moreover, they are highly vulnerable countries due to water scarcity, salinity, and climate change. GCC countries are pioneering and leveraging agricultural technology to overcome barriers associated with desert ecosystems and stimulate domestic food supplies. The UAE is striving to become the most food-secure nation by 2051, and hence, the adoption of agricultural technology has been rising to increase domestic food production. Additionally, positive changes in business scenarios, increased competitiveness, and a rise in female participation in workforces in countries such as Kuwait and Oman strongly aid in the growth of the agricultural sector. Such factors are likely to generate new opportunities for compact tractors market vendors in the coming years.
The countries in the MEA are strongly focusing on enabling food security from national sources, optimal utilization of available water resources, enhancing the productivity of the agriculture sector, and encouraging joint ventures with private sector contribution. The World Bank Gulf Economic Update (GEU) projects GCC’s GDP to grow by 2.5% in 2023 and 3.2% in 2024; however, the agricultural sector is expected to fare better. Such factors are likely to generate new opportunities for compact tractors market vendors across the region.
Middle East & Africa Compact Tractors Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Compact Tractors Market Segmentation
The Middle East & Africa compact tractors market is segmented into capacity, drive type, end use, and country.
Based on capacity, the Middle East & Africa compact tractors market is segmented into below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP. The 40 HP – 60 HP segment held the largest share of the Middle East & Africa compact tractors market in 2022.
Based on drive type, the Middle East & Africa compact tractors market is bifurcated into two-wheel drive and four-wheel drive. The two-wheel drive segment held a larger share of the Middle East & Africa compact tractors market in 2022.
Based on end use, the Middle East & Africa compact tractors market is bifurcated into agriculture and utility. The agriculture segment held a larger share of the Middle East & Africa compact tractors market in 2022.
Based on country, the Middle East & Africa compact tractors market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa compact tractors market in 2022.
AGCO Corp, Argo Tractors SpA, CNH Industrial NV, Deere & Co, Kubota Corp, Mahindra & Mahindra Ltd, Same Deutz-Fahr Italia SpA, and Yanmar Holdings Co Ltd are some of the leading companies operating in the Middle East & Africa compact tractors market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Middle East & Africa compact tractors market was valued at US$ 557.28 million in 2022 and is expected to reach US$ 829.58 million by 2030, registering a CAGR of 5.1% from 2022 to 2030. Increase in technological advancements in the agricultural sector and use of compact tractors in animal management, driveway maintenance, and lawn care are among the critical factors attributed to the Middle East & Africa compact tractors market expansion.
Tractors are used in the agricultural sector for various tasks, including plowing, mowing, landscaping, planting, tilling, and hauling. Tractors are available in various sizes, including mini and medium and large tractors. Compact tractors are smaller and more beneficial for small-scale farming, fruit and nut yards, vineyards, gardens, and lawns. Compact tractors consume less fuel and can be adjusted in smaller spaces. The increasing technological advancement in the agricultural sector is a major driving factor due to compact tractors’ operational efficiency in smaller farms and cost efficiency in overall productivity. Nowadays, agricultural operations are executed differently from earlier. The involvement of advanced technological devices such as farming machinery and moisture or temperature sensors makes farming convenient, less time-consuming, and cost-effective. Compact tractors demonstrate higher efficiency and low prices for small-scale farming. In addition, small and marginal farmers are showing interest in compact tractors for meeting the operational requirements but in a cost-efficient way. The increasing advancement in the agricultural sector is boosting the market growth for compact tractors globally.
On the contrary, operational limitations of compact tractors hamper the Middle East & Africa compact tractors market.
Based on capacity, the Middle East & Africa compact tractors market is segmented into below 30 HP, 30 HP – 40 HP, and 40 HP – 60 HP. The 40 HP – 60 HP segment held 44.4% share of Middle East & Africa compact tractors market in 2022, amassing US$ 247.37 million. It is projected to garner US$ 357.43 million by 2030 to expand at 4.7% CAGR during 2022-2030.
Based on drive type, the Middle East & Africa compact tractors market is bifurcated into two-wheel drive and four-wheel drive. The two-wheel drive segment held 91.5% share of Middle East & Africa compact tractors market in 2022, amassing US$ 509.74 million. It is projected to garner US$ 746.05 million by 2030 to expand at 4.9% CAGR during 2022-2030.
Based on end use, the Middle East & Africa compact tractors market is bifurcated into agriculture and utility. The agriculture segment held 77.4% share of Middle East & Africa compact tractors market in 2022, amassing US$ 431.44 million. It is projected to garner US$ 628.10 million by 2030 to expand at 4.8% CAGR during 2022-2030.
Based on country, the Middle East & Africa compact tractors market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 43.1% share of Middle East & Africa compact tractors market in 2022. It was assessed at US$ 240.39 million in 2022 and is likely to hit US$ 325.86 million by 2030, exhibiting a CAGR of 3.9% during 2022-2030.
Key players operating in the Middle East & Africa compact tractors market are AGCO Corp, Argo Tractors SpA, CNH Industrial NV, Deere & Co, Kubota Corp, Mahindra & Mahindra Ltd, Same Deutz-Fahr Italia SpA, and Yanmar Holdings Co Ltd, among others.
In 2023, John Deere introduced 4075R Compact Utility Tractor for MY24. It has been enhanced by heavy-duty front axles and technology-ready capabilities, LED light packages to the 3R, and heavy-duty 4M and 4R models.
In 2022, Argo Tractors had signed a partnership with xFarm Technologies, a technology firm committed to the digitalization of the agri-food sector, to address the difficulties of environmental and economic sustainability, as well as greater productivity, in present and future agriculture. The two firms had collaborated on a new digitization initiative, which was boosted by their expertise in cutting-edge agricultural mechanisation as well as data analysis, processing, and application.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa compact tractors market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverages
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Compact Tractors Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers/Component Suppliers
4.3.2 Compact Tractors Manufacturer
4.3.3 End User
5. Middle East & Africa Compact Tractors Market – Key Industry Dynamics
5.1 Middle East & Africa Compact Tractors Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increase in Technological Advancements in Agricultural Sector
5.2.2 Use of Compact Tractors in Animal Management, Driveway Maintenance, and Lawn Care
5.2.3 Increase in Number of Small-Scale Agricultural Farms
5.3 Market Restraints
5.3.1 Operational Limitations of Compact Tractors
5.4 Market Opportunities
5.4.1 Use of Compact Tractors in Various End-Use Applications
5.5 Future Trends
5.5.1 Electrification of Compact Tractors
5.6 Impact of Drivers and Restraints:
6. Compact Tractors Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Compact Tractors Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Compact Tractors Market Forecast and Analysis
7. Middle East & Africa Compact Tractors Market Analysis – Capacity
7.1.1 Middle East & Africa Compact Tractors Market, By Capacity (2022 and 2030)
7.2 Below 30 HP
7.2.1 Overview
7.2.2 Below 30 HP: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
7.3 HP – 40 HP
7.3.1 Overview
7.3.2 HP – 40 HP: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
7.4 HP – 60 HP
7.4.1 Overview
7.4.2 HP – 60 HP: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Compact Tractors Market Analysis – Drive Type
8.1.1 Middle East & Africa Compact Tractors Market, By Drive Type (2022 and 2030)
8.2 Two-Wheel Drive
8.2.1 Overview
8.2.2 Two-Wheel Drive: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Four-Wheel Drive
8.3.1 Overview
8.3.2 Four-Wheel Drive: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Compact Tractors Market Analysis – End Use
9.1.1 Middle East & Africa Compact Tractors Market, By End Use (2022 and 2030)
9.2 Agriculture
9.2.1 Overview
9.2.2 Agriculture: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Utility
9.3.1 Overview
9.3.2 Utility: Middle East & Africa Compact Tractors Market, Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Compact Tractors Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Compact Tractors Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 South Africa: Middle East & Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 South Africa: Middle East & Africa Compact Tractors Market Breakdown by Capacity
10.1.1.1.2 South Africa: Middle East & Africa Compact Tractors Market Breakdown by Drive Type
10.1.1.1.3 South Africa: Middle East & Africa Compact Tractors Market Breakdown by End Use
10.1.1.2 Saudi Arabia: Middle East & Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Compact Tractors Market Breakdown by Capacity
10.1.1.2.2 Saudi Arabia: Middle East & Africa Compact Tractors Market Breakdown by Drive Type
10.1.1.2.3 Saudi Arabia: Middle East & Africa Compact Tractors Market Breakdown by End Use
10.1.1.3 UAE: Middle East & Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 UAE: Middle East & Africa Compact Tractors Market Breakdown by Capacity
10.1.1.3.2 UAE: Middle East & Africa Compact Tractors Market Breakdown by Drive Type
10.1.1.3.3 UAE: Middle East & Africa Compact Tractors Market Breakdown by End Use
10.1.1.4 Rest of MEA: Middle East & Africa Compact Tractors Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Rest of MEA: Middle East & Africa Compact Tractors Market Breakdown by Capacity
10.1.1.4.2 Rest of MEA: Middle East & Africa Compact Tractors Market Breakdown by Drive Type
10.1.1.4.3 Rest of MEA: Middle East & Africa Compact Tractors Market Breakdown by End Use
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Argo Tractors SpA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Same Deutz-Fahr Italia SpA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Yanmar Holdings Co Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 AGCO Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CNH Industrial NV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Deere & Co
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kubota Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mahindra & Mahindra Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1. Middle East & Africa Compact Tractors Market Segmentation
Table 2. Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – Capacity
Table 4. Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – Drive Type
Table 5. Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million) – End Use
Table 6. South Africa: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 7. South Africa: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 8. South Africa: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 9. Saudi Arabia: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 10. Saudi Arabia: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 11. Saudi Arabia: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 12. UAE: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 13. UAE: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 14. UAE: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
Table 15. Rest of MEA: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Capacity
Table 16. Rest of MEA: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By Drive Type
Table 17. Rest of MEA: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn) – By End Use
LIST OF FIGURES
Figure 1. Middle East & Africa Compact Tractors Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Middle East & Africa Compact Tractors Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Compact Tractors Market Revenue (US$ Million), 2022 – 2030
Figure 6. Middle East & Africa Compact Tractors Market Share (%) – Capacity, 2022 and 2030
Figure 7. Below 30 HP: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. HP – 40 HP: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. HP – 60 HP: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Middle East & Africa Compact Tractors Market Share (%) – Drive Type, 2022 and 2030
Figure 11. Two-Wheel Drive: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Four-Wheel Drive: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Middle East & Africa Compact Tractors Market Share (%) – End Use, 2022 and 2030
Figure 14. Agriculture: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Utility: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Middle East & Africa Compact Tractors Market, By Key Country – Revenue (2022) (US$ Million)
Figure 17. Middle East & Africa Compact Tractors Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. South Africa: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. Saudi Arabia: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. UAE: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Rest of MEA: Middle East & Africa Compact Tractors Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa Compact Tractors Market
1. AGCO Corp
2. Argo Tractors SpA
3. CNH Industrial NV
4. Deere & Co
5. Kubota Corp
6. Mahindra & Mahindra Ltd
7. Same Deutz-Fahr Italia SpA
8. Yanmar Holdings Co Ltd
You must be logged in to post a review.
Reviews
There are no reviews yet.