South Africa Agricultural and Forestry Machinery Manufacture and Wholesale Report 2023: State of the Industry, Local and International Influences, Competitive Analysis, Industry Associations

DUBLIN, Nov. 23, 2023 /PRNewswire/ — The “Manufacture and Wholesale of Agricultural and Forestry Machinery in South Africa 2023” report has been added to ResearchAndMarkets.com’s offering.

This report delves into the manufacturing and wholesale aspects of agricultural and forestry machinery in South Africa. It provides insights into the sector’s status and size, along with relevant economic data related to agriculture and other industries.

The report covers key players corporate activities, and influential factors affecting the sector, including competition from international brand importers and distributors, input costs, and power supply issues.

Profiles of 23 companies, including industry giants like Bell Equipment, Senwes, John Deere, BHBW, and Iveco, are included in the report. It highlights the growing adoption of precision farming machinery and autonomous equipment for tasks such as planting and harvesting.

Technology is becoming more accessible with cheaper models, and machinery is evolving to be environmentally friendly with improved fuel efficiency, reduced emissions, and the development of battery electric alternatives. Forestry machinery is also advancing to enhance productivity.

In recent years, the sales of agricultural machinery reached multi-decade highs in 2022, driven by good harvests and high agricultural commodity prices, which boosted farmers’ incomes. Notably, new tractor sales in 2022 hit a 40-year high. Sales of combine harvesters and other agricultural machinery also saw significant growth, supported by favorable agricultural conditions and increased financing options from banks.

Despite these successes, the sector faces challenges. Poor economic growth, elevated input costs, and inconsistent electricity supply pose significant hurdles. The global shortage of new agricultural machinery between 2020 and mid-2022 due to production suspensions, supply chain disruptions, and shortages of microchips and spare parts impacted local distributors’ ability to meet demand.

Exchange rate fluctuations, structural issues in water and sanitation, as well as road infrastructure and port inefficiencies, add to the challenges faced by manufacturers and wholesalers in South Africa’s agricultural and forestry machinery sector.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Economic Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. Performance of the Agricultural and Forestry Industries
6.2. Economic Environment
6.3. Input Costs
6.4. Inconsistent Electricity Supply
6.5. Technology, R&D and Innovation
6.6. Unforeseen Events
6.7. Labour
6.8. Environmental Issues
6.9. Government Support

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

COMPANY PROFILES

African Traction and Associated Technologies (Pty) Ltd
AGCO South Africa (Pty) Ltd
Agrico (Pty) Ltd
ARGO Industrial (Pty) Ltd
Bell Equipment Company S A (Pty) Ltd
Bell Equipment Sales South Africa Ltd
BHBW South Africa (Pty) Ltd
Desmond Equipment S A (Pty) Ltd
Engitek (Pty) Ltd
Forestry Plant and Equipment Sales CC
G C Tillage CC
Iveco SA (Pty) Ltd
John Deere (Pty) Ltd
LEMKEN South Africa (Pty) Ltd
Nukor Woodtech (Pty) Ltd
Orbach Agri (Pty) Ltd
Packo RSA (Pty) Ltd
Piket Implemente (Pty) Ltd
Radium Engineering (Pty) Ltd
Rovic and Leers (Pty) Ltd
Senwes Ltd
Talbert Pivots (Pty) Ltd
Vincemus Investments (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/6fuu0b

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected] 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets


Go to Source