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 is used in the production, harvesting, and care of agricultural or farm produce. This equipment helps 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 contributing to 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 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 a restraints 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 rising population is 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 efficiencies in farming with modern technologies and equipment in response to the growing requirements 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.
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 Nigerian farm equipment market for plant protection and fertilizing is rapidly emerging as farmers opt to increase crop yield and meet the 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.
The market leaders for 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,
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Nigeria Farm Equipment Market Size in 2025 | US$17.174 billion |
| Nigeria Farm Equipment Market Size in 2030 | US$22.003 billion |
| Growth Rate | CAGR of 5.56% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| List of Major Companies in the Nigeria Farm Equipment Market |
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| Customization Scope | Free report customization with purchase |
Nigeria's farm equipment market is analyzed into the following segments: