The report titled “Myanmar
Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery
Supply and Government's Focus on Agriculture Mechanization in the Country” provides a comprehensive analysis on
the performance of the agriculture machinery market in Myanmar. The report
covers various aspects including sales value, volume, trends &
developments, issues & challenges faced by the industry, competition
landscape, financing players, and others. It also covers the country overview,
regulatory framework, agricultural overview of Myanmar, land under cultivation,
changes in the cropping patterns, farm holding structure & scale of
mechanization. The report concludes with
the projections for the future of industry including forecasted sales value and
volume; future projections by product type and regional demand by the year
ending 2025, COVID-19 impact, and analyst recommendations highlighting the
major opportunities and cautions in the industry.
Myanmar
Agriculture Machinery Market Overview and Size
The revenues from the overall agriculture
machinery market increased at CAGR of ~25%during the review period 2014-2020.
The equipment market in Myanmar is completely import dependent with major trade
partners being China, India, Thailand and other countries. Tractors, Combine
Harvesters and Implements are the most demanded machineries in the country.
Tractor is the most deployed equipment in the country followed by combine
harvesters and implements. The contribution of the tractor market to the
overall market stood at more than ~83% in terms of volume and ~67% in terms of
revenue during the review period.
Myanmar
Tractor Market Size and Segmentation
Four Wheeler and Two Wheeler Tractors are
available for sale in the country. Major regions where demand for tractors is
concentrated in Myanmar are Ayeyarwady, Yangon, Kayah, Mandalay and Magway. The
demand for two wheeler tractors declined during the review period are farmers
preferred using low HP four wheeler tractors instead of two wheeler tractors.
Tractors are appropriate for narrow areas, high efficiency soil processing,
commercial farming & cooperatives. Kubota, Sonalika, New Holland and John
Deere are the companies dominating the demand for tractors in Myanmar.
Myanmar
Combine Harvesters Market Size and Segmentation
Combine Harvesters were introduced in Myanmar
in 2012 and is currently positioned to be in early growth stage. The demand for
combine harvesters is concentrated in Central Region with Yangon, Ayeyarwady
and Bago considered as major demand locations for the machinery. Kubota and
Yanmar have dominated the market for combine harvesters in the country.
Myanmar Implements Market Size and
Segmentation
The demand for implement in Myanmar is
dependent on sale of four wheeler tractors. Majority of farmers prefers
purchasing implements along with four wheeler tractors. Rotary Tiller and Disc
Harrow collectively captured more than 70% of implements market in the country.
Comparative
Landscape of Myanmar Agriculture Machinery Market
Competition in the Myanmar Tractor Market is
observed to be fragmented in nature with presence of 30-40 players in the
industry. Top 3 players namely Kubota, Dongfeng and Sonalika captured ~50%
market share. On the other hand, competition in Myanmar Combine Harvester
Market is observed to be highly concentrated in nature owing to presence of 7-8
players in the industry. More than 75% of the market is captured by the top two
players in the market. Companies with large product assortment, wide regional
presence, efficient customer care network and fair pricing are indentified as
clear leaders in the industry.
Impact of
COVID-19
Due to COVID-19 Outbreak, OEMs were unable to
deliver new orders. Due to this, dealers faced low availability of machines,
spares and attachments. Major Product Categories
witnessed decline in sales between 4-12% on the basis of volume and value.
Myanmar’s agriculture machinery market being completely import driven faced
high difficulties in fulfilling customer order leading to shortage in supply.
Myanmar
Agriculture Equipment Market Future Outlook and Projections
Government’s increased focus on agriculture
mechanization in the country is expected to increase the demand for agriculture
machinery in the country, registering a CAGR of 8.8% during the forecast
period. Modernization would drive the growth, as farmers are expected to
increase the adoption of combine harvesters and tractors, thereby making their
operations more efficient and reducing dependency on labor.
In addition to this, government initiative for
improving agriculture finance, AMDs effort for improving mechanization,
training and development will facilitate growth in future.
Key Segments
Covered:
Total
Myanmar Agriculture Machinery Market: By Product Type
Tractors
Combine Harvesters
Implements
Myanmar Tractor
Market
By Product
Type
Two Wheeler Tractor
Four Wheeler Tractor
By Power
Less than 40HP
From 40HP to 70HP
Above 70HP
By State
North
Central
South
Myanmar
Combine Harvester Market
By State
North
Central
South
Companies
Covered
Kubota Myanmar Co., Ltd.
Sonalika
Yanmar Myanmar Co., Ltd.
New Holland
John Deere
Mahindra
Chinese Players (Dongfeng, Iseki, Shifeng,
Yto, Wuzheng Group and Others)
Key Target
Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors &
Authorized Dealerships
Time Period
Captured in the Report:-
Historical
Period
– 2014-2020
Forecast
Period
– 2020-2025
Key Target
Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors &
Authorized Dealerships
Key Topics
Covered in the Report:-
Executive Summary
Country Overview
Agriculture Overview in Myanmar
How do Farmers operate in Myanmar?
Supply Side of Myanmar Agriculture Machinery
Market
Myanmar Tractors and Combine Harvesters
Market, 2014-2025
Snapshot on Rental Agriculture Equipment
Business in Myanmar
Snapshot on Second Hand Machinery Market in
Myanmar
Financing for Agriculture Machinery in Myanmar
Comparative Landscape in Myanmar Agriculture
Machinery Market
Impact of COVID-19 on Myanmar Agriculture
Machinery Market
Myanmar Future Outlook & Projections,
2020-2025
Analyst Recommendations
For More Information on The Research Report, Refer to Below Link:
Myanmar
Agriculture Machinery Market
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