Revenue from Sale of Agricultural Tractors in Egypt is Estimated to Cross USD 100 million in Near Future : ken Research Egypt is highly vulnerable to changes derived from climatic conditions; this due to the large and tightly packed population as climate change makes Egypt’s weather drier and warmer, resulting in rising pressure on agriculture. Increased temperature over the years has caused much higher water demand for summer crops. Due to this, water scarcity in Egypt… Read More »
Egypt agricultural machinery market, GDP per Capita and Population Demographics The Gross Domestic Product of Egypt has inclined from USD ~ billion during 2011 to USD ~ billion during 2016, achieving a CAGR of ~% during the period 2011-2016. The services sector contributed ~% to overall GDP during 2016 from ~% during 2011. The country’s service sector has readily benefited from Banking and Financial Institutions… Read More »
Consolidation of Fragmented Farm Holding and Improving Credit Conditions to Shape Egypt Agricultural Machinery Industry Future Growth: Ken Research Government Support for Agricultural Machinery and Increasing Farmer Affordability to Drive Market Growth The market for agricultural machinery in Egypt achieved a CAGR of 5.9% in terms of revenue during the period 2011-2016. The market for agricultural machinery in Egypt has been driven by the revenues generated from the sale of four wheel tractors… Read More »
Government Support for Agricultural Mechanization and Strong Replacement Demand to Drive Egypt Agricultural Equipment Industry: Ken Research The 2021 projection for GDP of Egypt is estimated to be USD 573.7 billion while the GDP (PPP) of the country is expected to reach USD 1,281.9 billion Changes in availability of labor, improving credit environment, government support for agricultural mechanization and a strong replacement demand are expected to drive the growth of agricultural equipments… Read More »
