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: -
Related Reports by Ken Research: -
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