Africa Agricultural Machinery Market Size (2024 - 2029)

Africa Agricultural Machinery Market Analysis

The Africa Agricultural Machinery Market size is estimated at USD 4.48 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).

• Africa's agriculture machinery market is steadily expanding, fueled by the continent's push to modernize farming practices. This modernization aims to enhance productivity and tackle pressing food security challenges. For instance, according to the United Nations Economic Commission for Africa, its population expanded from 283 million in 1960 to more than 1.5 billion in 2023 – a more than five-fold increase—and is projected to increase by 950 million and touch 2.5 billion by 2050. Such growth amplifies the demand for food, and modern machinery stands as a pivotal solution to boost crop yields and meet this escalating demand.
• In South Africa, commercial farmers play a crucial role in the agricultural sector. Recently, according to the Wisconsin Economic Development Corporation, approximately 32,000 commercial farmers produce 80% of the country's agricultural value. These farmers view mechanization as a cornerstone for enhancing profits and ensuring the sustainability of their operations. This perspective bodes well for the market's growth trajectory. The South African Agricultural Machinery Association (SAAMA) has sales of about 9,181 tractors and 373 combined harvesters for 2022, underscoring the nation's steady march towards agricultural mechanization.
• In Ethiopia, while most farmers operate on small landholdings and large-scale mechanization remains rare, the government is actively promoting growth in both agriculture and the machinery sector. One of its flagship initiatives, the Growth and Transformation Plan (GTP II), aims to invigorate these sectors. A key strategy under this plan involves leasing vast arable lands to international entities, paving the way for large-scale commercial farming. This move is not only bolstering equipment sales but also propelling the agricultural machinery market's expansion in Ethiopia. With government backing and heightened investments from major players, the region witnesses robust growth in agricultural mechanization.

Africa Agricultural Machinery Industry Segmentation

Agriculture machinery and equipment are the farm equipment, machines, and farmer tools that increase agricultural crop productivity and food output. It accomplishes regular agriculture tasks that help boost food crop production and alleviate poverty. The Africa agricultural machinery market is segmented by type (tractors, plowing and cultivating machinery, planting and fertilizing machinery, harvesting machinery, haying and forage machinery, irrigation machinery, and other product types) and geography (South Africa and the Rest of Africa). The report offers the market size and forecasts in terms of value (USD) for all the above segments.