Market Forecast By Equipment (Tractor (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP), Combine Harvester (30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP), Thresher (Up to 30 HP, 30.1 HP- 70 HP), Pump (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above 200 HP), Power Tiller (Up to 30 HP, 30.1 HP- 70 HP), Rotavator (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP) & Others And Competitive landscape
Product Code: ETC002162 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Oman Agriculture and Farm Machinery Market |
Forecast period | 2024-2030 |
CAGR | 6.3% |
Growing Sector | Tractors |
Oman Agriculture and Farm Machinery Market report thoroughly covers the market by Equipment. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Oman Agriculture and Farm Machinery Market is witnessing substantial growth, driven by the increasing need for modern agricultural practices and equipment to boost productivity.
According to 6Wresearch, the Oman Agriculture and Farm Machinery Market is projected to grow at a CAGR of 6.3% from 2024-2030. The tractor segment is experiencing the most significant growth, fueled by the demand for efficient farming solutions. Additionally, the rise in agricultural activities and the need for mechanization are propelling the market. The adoption of advanced machinery, such as combine harvesters and power tillers, is also contributing to the market expansion. Increased government support and subsidies for farmers to purchase modern equipment are further boosting the market.
However, the market faces challenges, including the high cost of advanced machinery, which may limit adoption among small-scale farmers. The lack of technical knowledge and training for operating sophisticated equipment also poses a barrier. Additionally, fluctuating oil prices and their impact on the cost of machinery components are a concern for manufacturers and consumers alike.
Leading players in the Oman Agriculture and Farm Machinery Market include John Deere, CNH Industrial N.V., and Kubota Corporation. John Deere is renowned for its innovative tractors and harvesting equipment that enhance farming efficiency. CNH Industrial N.V. provides a comprehensive range of agricultural machinery, including power tillers and rotavators, catering to diverse farming needs. Kubota Corporation specializes in high-performance tractors and combine harvesters known for their durability and advanced features.
The Omani government is actively promoting the adoption of advanced agricultural machinery through various initiatives. These include subsidies and financial assistance programs to help farmers purchase modern equipment. Efforts to enhance agricultural productivity and food security are also driving the demand for farm machinery. Additionally, the government is investing in training programs to improve farmers' technical skills and knowledge of modern farming practices. Moreover, policies aimed at reducing import duties on agricultural machinery are expected to support market growth.
The Oman Agriculture and Farm Machinery Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancement, such as IoT integration in farm machinery. Growing inclination towards energy-efficient and automated farming solutions, coupled with increasing demand for smart and green appliances by concerned individuals, is expected to influence the sales of eco-friendly models. In addition to this, the agricultural sector will keep its importance high as more and more farmers adopt premium mechanized services. Moreover, growth opportunities are significant within the residential segment as increasing preference for high-end farming equipment among consumers would lift up demand. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, the tractor segment, particularly those ranging from 30.1 HP to 70 HP, is leading the market due to its versatility in various farming applications.
The combine harvester segment is seeing high demand because of its efficiency in crop harvesting, particularly in the 70.1 HP to 130 HP range.
Power tillers and rotavators are gaining popularity among farmers for their effectiveness in soil preparation, with significant demand in the up to 30 HP segment.
The central region of Oman is the top market for agricultural machinery due to its extensive agricultural activities and the adoption of advanced farming equipment.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Oman Agriculture and Farm Machinery Market Overview |
3.1 Oman Agriculture and Farm Machinery Market Revenues and Volume, 2020-2030F |
3.2 Oman Agriculture and Farm Machinery Market Industry Life Cycle, 2023 |
3.3 Oman Agriculture and Farm Machinery Market Porterβs Five Forces |
3.4 Oman Agriculture and Farm Machinery Market Revenue and Volume Share, By Equipment, 2020 & 2030F |
3.5 Oman Agriculture and Farm Machinery Market Revenue and Volume Share, By Region, 2020 & 2030F |
4 Oman Agriculture and Farm Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Oman Tractor Market Overview |
5.1 Oman Tractor Market Revenues and Volume, 2020-2030F |
5.2 Oman Tractor Market Revenue and Volume Share, By HP Range, 2020 & 2030F |
5.3 Oman Tractor Market Revenues, By HP Range, 2020-2030F |
5.4 Oman Tractor Market Volume, By HP Range, 2020-2030F |
5.5 Oman Tractor Market Price Trend, By HP Range, 2020-2030F |
6 Oman Combine Harvester Market Overview |
6.1 Oman Combine Harvester Market Revenues and Volume, 2020-2030F |
6.2 Oman Combine Harvester Market Revenue and Volume Share, By HP Range, 2020 & 2030F |
6.3 Oman Combine Harvester Market Volume Share, By HP Range, 2020 & 2030F |
6.4 Oman Combine Harvester Market Revenues and Volume, By HP Range, 2020-2030F |
6.5 Oman Combine Harvester Market Price Trend, By HP Range, 2020-2030F |
7 Oman Thresher Market Overview |
7.1 Oman Thresher Market Revenues and Volume, 2020-2030F |
7.2 Oman Thresher Market Revenue Share, By HP Range, 2020 & 2030F |
7.3 Oman Thresher Market Revenues, By HP Range, 2020-2030F |
7.4 Oman Thresher Market Volume, By HP Range, 2020-2030F |
7.5 Oman Thresher Market Price Trend, By HP Range, 2020-2030F |
8 Oman Pumps Market Overview |
8.1 Oman Pumps Market Revenues and Volume, 2020-2030F |
8.2 Oman Pumps Market Revenue and Volume Share, By HP Range, 2020 & 2030F |
8.3 Oman Pumps Market Revenues, By HP Range, 2020-2030F |
8.4 Oman Pumps Market Volume, By HP Range, 2020-2030F |
8.5 Oman Pumps Market Price Trend, By HP Range, 2020-2030F |
9 Oman Power Tiller Market Overview |
9.1 Oman Power Tiller Market Revenues and Volume, 2020-2030F |
9.2 Oman Power Tiller Market Revenue and Volume Share, By HP Range, 2020 & 2030F |
9.3 Oman Power Tiller Market Revenues, By HP Range, 2020-2030F |
9.4 Oman Power Tiller Market Volume, By HP Range, 2020-2030F |
9.5 Oman Power Tiller Market Price Trend, By HP Range, 2020-2030F |
10 Oman Rotavator Market Overview |
10.1 Oman Rotavator Market Revenues and Volume, 2020-2030F |
10.2 Oman Rotavator Market Revenue and Volume Share, By HP Range, 2020 & 2030F |
10.3 Oman Rotavator Market Revenues, By HP Range, 2020-2030F |
10.4 Oman Rotavator Market Volume, By HP Range, 2020-2030F |
10.5 Oman Rotavator Market Price Trend, By HP Range, 2020-2030F |
11 Oman Other Equipment Market Overview |
11.1 Oman Other Equipment Market Revenues and Volume, 2020-2030F |
12 Oman Agriculture and Farm Machinery Market Overview, By Region |
12.1 Oman Agriculture and Farm Machinery Market Revenues, By Region, 2020-2030F |
12.2 Oman Agriculture and Farm Machinery Market Volume, By Region, 2020-2030F |
13 Oman Agriculture and Farm Machinery Market Key Performance Indicators |
14 Oman Agriculture and Farm Machinery Market Opportunity Assessment |
14.1 Oman Agriculture and Farm Machinery Market, Opportunity Assessment, By Equipment, 2030F |
14.2 Oman Agriculture and Farm Machinery Market, Opportunity Assessment, By Region, 2030F |
15 Oman Agriculture and Farm Machinery Market Competitive Landscape |
15.1 Oman Agriculture and Farm Machinery Market Competitive Benchmarking, By Equipment |
15.2 Oman Agriculture and Farm Machinery Market Revenue Share, By Company, 2023 |
16 Company Profiles |
17 Key Strategic Recommendations |
18 Disclaimer |