Nigeria Farm Tractor Market (2020-2026)
Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-Wheel Drive, Four-Wheel Drive) And Competitive Landscape
According to 6Wresearch, Nigeria Farm Tractor Market is anticipated to witness potential growth during the forecast period 2020-26F. In lieu of declining agricultural labor force, farmers in Nigeria are increasing the adoption of tractors to carry on sound agricultural activities in the country. Further, rising needs to increase farm productivity are leading to rising needs for intensification and mechanization in the agriculture sector. Also, government efforts towards policy frameworks to assist the adoption of tractors in the country are further expected to benefit the growth of the Nigerian farm tractor market during the projected period 2020-26F.
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