Saudi Arabia Agriculture Equipment Market
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Saudi Arabia Agriculture Equipment Market, By Equipment Type (Agriculture Tractors, Harvesting Equipment, Irrigation & Crop Processing Equipment, Agriculture Spraying & Handling Equipment, Soil Preparation & Cultivation Equipment, Others (Hay & Forage Equipment, Trailers)); By Automation (Manual, Semi-Automatic, Automatic); By Application (Land Development, Plant Protection, Threshing & Harvesting, After Agro-Processing); By Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: June 2024
- Report ID: BWC24464
- Available Format: PDF
- Page: 200
Report Overview
Rapid adoption of advanced technologies, such as precision farming, agricultural drones, and automation, driven by the government’s favorable initiatives is expected to boost the growth of Saudi Arabia Agriculture Equipment Market during the forecast period between 2024 and 2030.
Saudi Arabia Agriculture Equipment Market - Industry Trends & Forecast Report, 2030
Saudi Arabia Agriculture Equipment Market size was estimated to be worth USD 282.17 million in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Agriculture Equipment Market size is projected to grow at a CAGR of 6.42%, reaching a value of USD 376.24 million by 2030.
By volume, the Saudi Arabia Agriculture Equipment Market size was estimated at 15.8 thousand units in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Agriculture Equipment Market size is expected to expand at a CAGR of 6.23%, reaching a volume of 23.4 thousand units by 2030.
Major growth factors for the Saudi Arabia Agriculture Equipment Market include increasing farm mechanization, rising integration of advanced technologies, and the launch of smart equipment. In addition, a rising focus on sustainability in agriculture practices and favorable government policies are anticipated to drive the Saudi Arabia agriculture equipment market during the forecast period.
Agriculture Equipment – Overview
Agriculture equipment is the instrument that farmers use to carry out a certain agricultural task. Agriculture technology reduces human work while increasing crop production in less time. Automatic and semi-automatic agricultural equipment minimizes the amount of manpower necessary for tasks, lowering labor costs. Agriculture machinery is outfitted with IoT applications, GPS solutions, and other features that are used in all verticals, such as land development, threshing, harvesting, and soil preparation.
Saudi Arabia Agriculture Equipment Market
Growth Drivers
Adoption of Advanced Technologies
The expanding mechanization of agriculture activities is a major driving factor for the Saudi Arabia agriculture equipment market. The mechanization of agriculture reduces labor dependence on farming methods. Mechanization techniques can help with problems like manpower shortages in agricultural operations. Furthermore, the use of agriculture equipment boosts productivity, enhances crop quality, and reduces operating time. Mechanization also promotes large-scale production of agricultural products and increases the productivity of land. This acts as a major benefit for a region, such as Saudi Arabia, with limited arable land.
Challenges
Low Awareness about Advanced Technologies in Agriculture
Although technologically advanced agriculture equipment is gaining significant traction in the Kingdom, its adoption is significantly limited to high-end farmers only. The high cost associated with advanced agriculture equipment acts as a major barrier to its adoption on a large scale in the Kingdom. A weather sensor used in precision farming, for instance, can range between USD 1,500 and USD 2,000, while a simpler model of yield monitoring equipment costs around USD 2,000. As a result, farmers are opting to rent agriculture machinery, which proves them to be cost-effective but restraints the Saudi Arabia Agriculture Equipment Market.
Saudi Arabia Agriculture Equipment Market
Segmental Coverage
Saudi Arabia Agriculture Equipment Market – By Equipment Type
Based on equipment type, the Saudi Arabia Agriculture Equipment Market is segmented into agriculture tractors, harvesting equipment, irrigation & crop processing equipment, agriculture spraying & handling equipment, soil preparation & cultivation equipment, and others (including hay & forage equipment and trailers). The agriculture tractors segment holds the largest share in the Saudi Arabia Agriculture Equipment Market by equipment type. Tractors play an important role in boosting agricultural productivity and tackling labor shortage issues in the Kingdom.
Saudi Arabia Agriculture Equipment Market – By Automation
Based on automation, the Saudi Arabia Agriculture Equipment Market is segmented into manual, semi-automatic, and automatic. The semi-automatic equipment segment accounts for the largest market share owing to its ease of use and affordability compared to automatic equipment. The reasonable pricing of semi-automatic equipment makes it accessible to small and medium-sized farmers, which contributes to its market growth. However, the automatic segment is anticipated to register a high growth rate during the forecast period owing to the rising adoption of precision farming.
Saudi Arabia Agriculture Equipment Market – By Application
On the basis of application, the Saudi Arabia Agriculture Equipment Market is segmented into land development, plant protection, threshing & harvesting, and after agro-processing. The land development segment holds the largest share in the Saudi Arabia Agriculture Equipment Market. The market has a strong demand for tractors, levelers, harvesters, and other land preparation equipment. Land preparation is an important process in agriculture, particularly in a deserted region such as Saudi Arabia, as it prepares the land for seeding and plantation, which promotes better plant growth.
Competitive Landscape
Major players operating in the Saudi Arabia Agriculture Equipment Market include Agriculture Machinery & Materials Company, Technical Co. For Manufacturing Agricultural Equipments Ltd, AKEL Trading & Industrial Co., AgriPak, Equipments Machines, Kubota Saudi Arabia Co., and Malik Agro Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
By Value - USD Million |
By Volume - Thousand Units |
|
Product/ Service Segmentation |
Equipment Type, Automation, Application, Sales Channel |
Key Players |
Agriculture Machinery & Materials Company, Technical Co. For Manufacturing Agricultural Equipments Ltd, AKEL trading & industrial co., AgriPak, Equipments Machines, Kubota Saudi Arabia Co, Malik Agro Industries |
By Equipment Type
-
Agriculture Tractors
-
Harvesting Equipment
-
Irrigation & Crop Processing Equipment
-
Agriculture Spraying & Handling Equipment
-
Soil Preparation & Cultivation Equipment
-
Others (Hay & Forage Equipment and Trailers)
By Automation
-
Manual
-
Semi-Automatic
-
Automatic
By Application
-
Land Development
-
Plant Protection
-
Threshing & Harvesting
-
After Agro-Processing
By Sales Channel
-
Original Equipment Manufacturers (OEMs)
-
Aftermarket
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Agriculture Equipment Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising Demand for Agriculture Products
- Government Initiatives
- Adoption of Advanced Technologies such as Precision Farming, Agricultural Drones, and Automation
- Restraints
- High Costs of Advanced Equipment
- Low Awareness of Advanced Technologies
- Opportunities
- Increasing Adoption of Precision Farming Techniques
- Growing Demand for Autonomous Agriculture Equipment
- Digitalization in Agriculture
- Challenges
- Land Fragmentation
- Geopolitical Uncertainty
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Agriculture Equipment Market: Marketing Strategies
- Saudi Arabia Agriculture Equipment Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- By Volume (Thousand Units)
- Market Share & Forecast
- By Equipment Type
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, trailers, etc.)
- By Automation
- Manual
- Semi-Automatic
- Automatic
- By Application
- Land Development
- Plant Protection
- Threshing and Harvesting
- After Agro-Processing
- By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
- By Equipment Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Range
- Saudi Arabia Agriculture Equipment Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Agriculture Equipment Market Industry
- Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- Agriculture Machinery & Materials Company
- Technical Co. For Manufacturing Agricultural Equipments LTD.
- AKEL trading & industrial co.
- AgriPak
- Equipments Machines
- Kubota Saudi Arabia Co
- Malik Agro Industries
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Agriculture Equipment Market Segmentation
Figure 2 Saudi Arabia Agriculture Equipment Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Agriculture Equipment Market Size, By Value (USD Million), 2019–2030
Figure 5 Saudi Arabia Agriculture Equipment Market Size, By Volume (Thousand Units), 2019–2030
Figure 6 Saudi Arabia Agriculture Equipment Market Share, By Equipment Type, By Value, 2019–2030
Figure 7 Saudi Arabia Agriculture Equipment Market Share, By Automation, By Value, 2019–2030
Figure 8 Saudi Arabia Agriculture Equipment Market Share, By Application, By Value, 2019–2030
Figure 9 Saudi Arabia Agriculture Equipment Market Share, By Sales Channel, By Value, 2019–2030
List of Tables
Table 1 Saudi Arabia Agriculture Equipment Market Share, By Equipment Type, By Value, 2019–2030
Table 2 Saudi Arabia Agriculture Equipment Market Share, By Automation, By Value, 2019–2030
Table 3 Saudi Arabia Agriculture Equipment Market Share, By Application, By Value, 2019–2030
Table 4 Saudi Arabia Agriculture Equipment Market Share, By Sales Channel, By Value, 2019–2030
Table 5 Agriculture Machinery & Materials Company: Company Overview
Table 6 Agriculture Machinery & Materials Company Financial Overview
Table 7 Technical Co. For Manufacturing Agricultural Equipments Ltd Company Overview
Table 8 Technical Co. For Manufacturing Agricultural Equipments Ltd Financial Overview
Table 9 AKEL trading & industrial co. Company Overview
Table 10 AKEL trading & industrial co. Financial Overview
Table 11 AgriPak Company Overview
Table 12 AgriPak Financial Overview
Table 13 Equipments Machines Company Overview
Table 14 Equipments Machines Financial Overview
Table 15 Kubota Saudi Arabia Co Company Overview
Table 16 Kubota Saudi Arabia Co Financial Overview
Table 17 Malik Agro Industries Company Overview
Table 18 Malik Agro Industries Financial Overview
Market Segmentation
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