New Delhi, August 06, 2020: The report titled “Thailand Agricultural Machinery Market Outlook to 2025 – Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market” provides a comprehensive analysis of the agricultural machinery market in Thailand. The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters and Agriculture Implements. The segmentation for Tractors, Combine Harvesters has been created on the basis of Horsepower while the segmentation for Rice Transplanters has been showcased by Row. The report also covers the market share, competitive landscape, and business model of hire purchase and lease, along with the strength and weaknesses of major players. In addition to this, the report also covers the country overview, government regulation, and agricultural overview of Thailand. Land under cultivation, Changes in cropping patterns, farm holding structure, and scale of mechanization are covered in an agricultural overview. The report concludes with market projections for the future of the Agricultural Machinery Market in Thailand including forecasted market size by revenue and sales volume by 2025 and segmentation and the analysts’ take on the future.
Thailand Agricultural Machinery Market Overview and Size: The revenues from the overall agriculture machinery market increased at a positive single-digit CAGR of 2.7% during the period 2013 – 2019. The contribution by the tractor market to the overall market stood at more than 50.0% in 2019. Combine Harvesters have been the second-largest category, to the overall revenues of the agriculture equipment market largely due to largely due to rising government support, growing per capita income and rising demand of rice in the country.
Thailand Agricultural Machinery Market Segmentation:
Thailand Agricultural Tractor Market: The revenue from the tractor market in Thailand increased at a CAGR of 4.6% during the period 2013 – 2019. Tractors have been segmented on the basis of power and those that range from 20 to 75 hp were most preferred in Thailand, accounting for the highest total tractor sales volume.
Thailand Combine Harvester Market: The market revenue from combine harvesters increased at a CAGR of 4.7% during the same period. Combine harvesters of 70 hp and below accounted for the highest total sales of combine harvesters. Harvesters of 70-105 hp and above 105 hp contributed remaining share respectively to the overall sales of combine harvesters in Thailand in 2019.
Thailand Rice Transplanters Market: The market revenue for Rice Transplanters accounted for a CAGR of 5.1% from 2013 – 2019. Rice transplanters of 4 rows and 6 rows contributed around the highest share to overall sales. Transplanters of 8-row riding types contributed remaining volume share during 2019.
Thailand Agricultural Implements Market: The revenues from the agriculture implements market increased at a CAGR of 5.7% during the same period. The majority of the tractor’s sales are accompanied by implements sales in Thailand. Therefore, the growth of the implements market is highly dependent on the sale of tractors in Thailand.
Competition Scenario
The competition in the market is concentrated with respect to sales of agricultural tractors, Japanese manufacturer Siam Kubota dominated the market in 2019. This was followed by Yanmar S.P., John Deere, Iseki, New Holland, and others. In addition to this, with respect to the sale of combined harvesters and rice transplanters, Siam Kubota has accounted highest share in overall sales followed by TAMCO, KasetPhattana, Sakpattana, Yanmar S.P., and others. These companies compete on the basis of parameters such as Price, Products Offered, Number of Tractor Variants, Distribution Network, and After Sales Service.
Future Outlook and Projections
Thailand Agricultural Machinery market in terms of revenue will increase at a positive CAGR of 1.7% during the period 2019-2025. The market in the near future is estimated to grow at a tremendous rate owing to the introduction of smart farming techniques such as precision farming and digital farming. The sector is also expected to witness higher investment in farm machinery with the increase in commodity prices leading to higher farm income. Manufacturers are now developing machines that have advanced technologies integrated into them such as drone monitoring and wireless soil probe which could create a positive impact over the long term. An emerging trend in the agriculture equipment industry is IoT based smart farming which will help in remote monitoring and control of several cultivation processes and also record the data related to it. The farmers are becoming tech-savvy and are willing to adopt machinery which has advanced technology integrated into it thereby, driving Thailand Agricultural Machinery Market both in terms of revenue and volume in the future.
Key Segments Covered: –
By Products
Tractors (2-Wheel and 4-Wheel)
Combine Harvesters
Agriculture Implements
Rice Transplants
By Tractors (Power)
8HP – 15HP
20HP – 35HP
36HP – 47HP
48HP – 75HP
75HP – 100HP
100HP – 120HP
Above120HP
By Combine Harvesters (Power)
70HP and Below
75HP – 105HP
Above 105 HP
By Combine Harvesters (Row)
4 Row RT
6 Row RT
8 Row RT
Companies Covered
Siam Kubota
Yanmar S.P.
Talaythong Factory Co.,Ltd
John Deere
Iseki
New Holland
TAMCO
KasetPhattana
Sakpattana
Key Target Audience
Existing Agricultural Machinery Companies
New Market Entrants – Domestic OEMs
New Market Entrants – Foreign OEMs
Agricultural Machinery Financing Companies
Government Bodies
Investors & Venture Capital Firms
Agricultural Machinery Manufacturers
Agricultural Machinery Distributors
Agricultural Machinery Associations
Time Period Captured in the Report:-
Historical Period: 2013 – 2019
Forecast Period: 2020 – 2025
Key Topics Covered in the Report: –
Total Land Under Cultivation and Distribution by Major Crops (Rice, Cassava, Rubber and Sugarcane)
Changing Cropping Pattern in Thailand and Factors Driving Change
Nature of Ownership, Farm Holding Structure and Regulatory Policies Impacting Farm Holding Structure in Thailand
Agricultural Practice in Thailand on the basis of Scale of Mechanization, Extensive and Intensive and Irrigated Land
Government Policy impacting the Agricultural Equipment Market in Thailand on the basis of Import Duty Structure, Subsidies, Taxes Certification and Emission Standards
Thailand Agricultural Machinery Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013-2019
Thailand Agricultural Machinery Market Segmentation by Major Products on the Basis of Revenue in USD Million, 2013 – 2019
Thailand Tractor Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013 – 2019
Thailand Tractor Market Segmentation by Power on the Basis of Sales Volume, 2015 and 2019
Thailand Combine Harvester Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013 – 2019
Thailand Combine Harvester Market Segmentation by Power on the Basis of Sales Volume, 2015 and 2019
Thailand Rice Transplanter Market Size on The basis of Revenue in USD Million, 2013 – 2019
Thailand Rice Transplanter Market Segmentation by power on the Basis of Sales Volume, 2015 and 2019
Thailand Tractor Implements Market Size on the Basis of Revenue in USD Million, 2013 – 2019
Market Share and competitive Landscape of Leading Manufacturers in Thailand Agricultural Equipment Market on the Basis of Sales Volume in Units, 2019
Pricing Analysis of Major Brands
Marketing Strategies of Major Brands
Business Model of Leasing and Hire Purchase
List of Leasing and Hire Purchase Companies
Snapshot on Thailand Agricultural Machinery Second Hand Market
Analyst Recommendations
For More Information on the Research Report, Click on the Link: –
Thailand Agricultural Machinery Market
Corporate Comm India(CCI Newswire)
