Nigeria Agriculture Equipment Market and Analysis Report – Opportunities and Forecast 2023-2030
Nigeria Agriculture Equipment Market Overview
Nigeria agriculture equipment market is predicted to grow in next seven years due to the rising investment on infrastructural development and favorable government support to encourage farmers to adopt advanced farm equipment.
Major Nigeria Agriculture Equipment Market Drivers
Major Nigeria Agriculture Equipment Market DriversThe market is driven by the shortage of farm labor and decrease in arable land in Nigeria. This created awareness among farm owner to use modern farming techniques is driving the Nigeria Farm Equipment Market. Nigerian government is providing loans on low interest rate to the farmers to increase the agricultural productivity and improve yield. Rising automation in agriculture sector with the increasing population growth is expected to boost the Nigeria agriculture equipment market growth. Due to the population growth, the demand for food is projected to rise. Farm equipment offers benefits such as increase production, reduce dependency on labor and improves crop yield, has further increased the demand for Agriculture Equipment Market in Nigeria. Moreover, unavailability of skilled workforce in agriculture sector along with the technological advancement in the equipment is supporting the Nigeria agriculture equipment market revenue in near future.
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Rising mechanization in the agriculture sector with the need to increase the agriculture production has encouraged farmers to adapt this equipment. The government has been taken various measures to push mechanization in agriculture sector to increase the food production capacity, improve livelihoods of farmers, reduce post-harvest losses and poverty. The is will boost the Nigeria agriculture tractors market. In 2018, Nigeria Ministry of Agriculture and John Deere signed a MoU to supply 10,000 units of tractors to farmers in next 5 years. However, high cost of the agricultural machinery and lack of awareness regarding mechanization is hampering the market growth.
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Segments covered in the Report:
The Nigeria Agriculture Equipment Market has been segmented on the basis of Type. Based on the Type the market is segmented into Plowing and Cultivating Machinery, Harvesting Machinery, Planting Machinery, Haying and Forage Machinery, Tractors, Others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD Million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Type |
| Regional Coverage | Nigeria |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Nigeria Agriculture Equipment Market by Type
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- Tractors
- Plowing and Cultivating Machinery
- Planting Machinery
- Harvesting Machinery
- Haying and Forage Machinery
- Others
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