The Middle East and Africa wheeled tractor machinery market is expected to reach USD 11.27 billion in 2024 and is anticipated to reach USD 15.27 billion by 2029, growing at a CAGR of 6.26% during the forecast period from 2024 to 2029.
A tractor is an engineering vehicle used in farming that mechanizes agricultural tasks with the use of power and traction. In Africa & ME, with the high usage of tractors in farming and even outside agricultural farms, it contributes to the largest segment of the agricultural machinery market. Farmers traditionally employ tractors due to improvements in efficiency and effortless farming. In Africa & ME, farmers usually use tractors for tilling the farmlands and also for other non-agricultural purposes.
Increasing demand from emerging economies, along with increasing population, is driving the market. The wheeled tractors can’t be used in rough lands, which hinders the growth of the market.
Mahindra & Mahindra, Deere and Company, AGCO tractor, CNH Global NV, Massey Ferguson, Farmtrac Tractor, Escorts, Foton Loval, Goldani, Kukje, Lindner, L S Mtron, Machinery and Industrial group NV, Shibaura, Tractorul UTB and VST Tillers. Some of the major key market players are involved in the Middle East and Africa wheeled tractor machinery market.
Frequently Asked Questions
As of the latest available data, the wheeled tractor machinery market in the Middle East & Africa is estimated to be valued at 5.57 billion in 2023 and is expected to grow at a CAGR of 6.26% during the forecast period.
Countries like Saudi Arabia, Iran, and Turkey are key contributors to the demand for wheeled tractor machinery in the Middle East, driven by their thriving agricultural sectors.
Government investment in South Africa plays a crucial role in the wheeled tractor machinery market, with initiatives aimed at modernizing agriculture and enhancing farm productivity.
In North Africa, wheeled tractor machinery is in high demand for the cultivation of crops such as wheat, barley, and olives, contributing to the overall market growth.
Soil conditions in Egypt influence the choice of wheeled tractor machinery, with farmers selecting models that can effectively handle the unique soil characteristics of the region.
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