Nigeria Farm Equipment Market Size, Share, Opportunities And Trends By Type (Combines, Plows, Sprayers, Planters, Others), By Function (Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing) And By Application Period (Pre-Harvesting, During and Post-Harvesting) - Forecasts From 2025 to 2030

Nigeria's farm equipment market is projected to grow at a CAGR of 5.56% over the forecast period, increasing from US$17.174 billion in 2025 to US$22.003 billion by 2030.

Farm equipment are used in the production, harvesting, and care of the agriculture or farm produce. These equipment help in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The increasing automation in the field of agriculture and farming is driving the market for farm equipment.The growing population is attributing the market growth too since it leads to an increase in the demand for food. Additionally, the scarcity of skilled labor in the agriculture and farming sector is also supporting the market demand. Furthermore, the increasing research and development for technological advancement in the farm equipment are also augmenting the market growth to continue in the forecasted period. However, the high cost of equipment and the growing market for used/second-hand equipment is a restraint in the growth of the market.

Farm equipment in Nigeria presents a comprehensive coverage of every kind of machine or tool applied in farming practices in the region. As the population grows in Nigeria, the demand for food also rises.

This rise will consequently lead to more agricultural production to ensure food security in the region. Therefore, farmers are adopting new techniques that use modern farm equipment to meet these high demands.  The market’s further growth is affirmed by farm mechanization in Nigeria which is accompanied by subsidization, training, and initiatives by the government to enable farmers to acquire modern farm implements.

• The UN report stated that Nigeria was ranked the seventh largest in population in 2022. The rapidly growing population will outnumber that of the US by around 2050, making Nigeria the third largest country in the world.
• The Nigeria farm equipment market is rapidly growing because of various other attributes, especially growing population, rising agricultural production, and technological advancement.
• Further, the Nigeria government actively promotes agriculture mechanization through subsidies and incentive programs, which will promote the market growth.
• The  local manufacturers are gaining importance since these players understand the unique needs of Nigerian farmers and have tailor-made solutions with flexible service offerings. Within the coming years, competition for local manufacturers would be heightened as increased demand for modern agricultural implements.

What are the drivers of the Nigeria farm equipment market?

• Increasing Population and Food Demand

The rising  population leading to an increase in food demand which is accelerating the adoption of farm equipment in Nigeria. The Nigerian farm equipment market is witnessing growth due to a blooming population demanding more food in the country. The country needs proper efficacies in farming with modern technologies and equipment in response to the growing requirement in the coming years.  

The World Health Organization  (WHO)  projected that Nigeria's population by 2050 will be 359,185,556, growing by 58% from 227,882,945 in 2023. Population growth in the country constitutes a major cause for the Nigerian farm equipment industry's upsurge.

Traditional labor-intensive cultivation methods are not able to meet the soaring demand, and farm equipment promotes productivity and efficiency in farming activities while enabling the farmers to cultivate more land and achieve higher yields.

• Mechanization in agriculture

Urbanization has also resulted in a decrease in the population involved in farming, and efficient farming practices are thus required. In addition, the opportunities for increasing cash crop exports, such as cocoa, cassava, and palm oil, encourage farmers to invest in plowing equipment to increase their yields and competitiveness in global markets. Another factor pushing for the usage of mechanized farming is the low supply of manual farm labor. Younger people are seeking better opportunities by moving to the urban centers and leaving the rural areas; therefore, very few are remaining to carry out the old-style farming.

Technological changes in farm equipment have also pushed the plows market forward. Modern plows are more durable and efficient and may be used for different types of soil and varied farming conditions.

• The market for plows in Nigeria is growing with increasing support towards mechanization in agriculture. The Nigerian government has had a series of policies and programs to promote the use of farm equipment, including machinery like plows and tractors.
• The government also introduced the Agricultural Promotion Policy (APP) and Tractor Hiring Services (THS) centers that make the tools available at reasonable prices for the farmers. These programs aim to make farming more efficient, less labor-intensive, and productive across all agriculture sectors.
• Following this, the Federal Executive Council, Nigeria's council of ministers, has approved the procurement of 2,000 tractors, 4,000-disc ploughs, 1,200 tractor trailers, as well as other equipment under the National Agricultural Mechanization Programme, NAMP, to promote food security in Nigeria.
• Furthermore, access to financing options has increased the availability of plowing equipment for farmers. Microfinance institutions, cooperatives, and development banks, such as the Bank of Agriculture (BoA), offer loans and credit facilities that are tailored to the needs of smallholder farmers.

Analysis of Nigeria farm equipment market segments:

• By Function, Nigeria's farm equipment market is segmented into Plowing & Cultivation, Sowing & Planting and Plant Protection & Fertilizing

The Nigeria farm equipment market for plant protection and fertilizing is rapidly emerging as farmers opt to increase crop yield and meet increased food demand that arises from the expanding country's population. Owing to the growing population of the country, there is a resultant need for a more efficient manner of agriculture, and the adoption of modern farm equipment, such as sprayers that are used to control pests, and fertilizer applicators, contributes to improved productivity in agriculture to ensure food.

In this regard, as per the International Fertilizer Development Center, the present capacity of the three urea production plants, Notore, Indorama, and Dangote, puts Nigeria’s total urea capacity at 6.5 million metric tons. These plants are on stream, producing about 3.65 million Metric Tons (MT) of urea in 2023.

• Technological advancements are also playing a significant role in shaping the market. Precision farming technologies, including GPS-enabled fertilizer applicators and drones for pest control and fertilization, are helping farmers apply fertilizers and pesticides more effectively. These technologies enable precise application, which reduces waste and improves efficiency, leading to higher crop yields.
• Sprayers and drone technology on the plant protection side are gaining popularity in large-scale application of pesticides. Drones, for instance, are very helpful in spraying herbicides and pesticides in areas inaccessible to humans; this increases coverage and saves on labor costs. IPM systems also enable farmers to monitor the activity of pests and optimize their use of plant protection products.
• Nigeria was spending about 244 million US Dollars annually on pesticides of which 74 %, 16.6 %, 4.7%, 5.0 % and 0.06 % were for herbicides, insecticides, fungicides, soil fumigants and mosquito repellant coils respectively.

Local manufacturers of Nigeria farm equipment market:

• Habgito Nigeria Limited . – Habgito Nigeria Limited is a regional company to provides Nigerian farmers with gasoline and diesel-engined tractor tillers, generators, and water pumps through various government agencies, ministries, international organizations, and non-governmental organizations. With representatives in Northern, Western, and Eastern Nigeria, Habgito Nig. Ltd. is well-positioned to supply Tiller needs across all states in the Federal Republic of Nigeria.
• Aneuti Limited- Aneuti Limited is an equipment marketing company that bases its operations in Nigeria and has been registered with the Corporate Affairs Commission since 2002. The company is involved especially in the sale and marketing of agricultural tractors, generators, and motorized oil palm harvesters. The services of the company include sales, installations, and maintenance.

Key developments in the Nigeria's farm equipment market :

The market leaders for the Nigeria's farm equipment market are Habgito Nigeria Limited, Aneuti Limited, Bertola Machine Tools Limited, Debo Farm, and John Deere. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,

• In October 2023, The federal government of Nigeria announced the intention of John Deere to establish a tractor assembly plant in Nigeria.

Nigeria farm equipment market scope:

Nigeria's farm equipment market is analyzed into the following segments:

• By Type
  • Combines
  • Plows
  • Sprayers
  • Planters
  • Others
• By Function
  • Plowing & Cultivating
  • Sowing & Planting
  • Plant Protection & Fertilizing
  • Harvesting & Threshing
• By Application Period
  • Pre-Harvesting
  • During and Post-Harvesting 

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4.  Industry Value Chain Analysis

5. NIGERIA FARM EQUIPMENT MARKET BY TYPE

5.1. Introduction

5.2. Combines

5.3. Plows

5.4. Sprayers

5.5. Planters

5.6. Others

6. NIGERIA FARM EQUIPMENT MARKET BY FUNCTION

6.1. Introduction

6.2.  Plowing & Cultivating

6.3. Sowing & Planting

6.4. Plant Protection & Fertilizing

6.5. Harvesting & Threshing

7. NIGERIA FARM EQUIPMENT MARKET BY APPLICATION PERIOD

7.1. Introduction

7.2. Pre-harvesting

7.3. During And Post-harvesting

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Habgito Nigeria Limited

9.2. Aneuti Limited

9.3. Bertola Machine Tools Limited

9.4. Debo Farm

9.5. John Deere

Habgito Nigeria Limited

Aneuti Limited

Bertola Machine Tools Limited

Debo Farm

John Deere