Southeast Asia Tractors Market Analysis & Forecast 2023-2028, 1,18,182 Units of Tractors to be Sold in the Next 5 Years - Arizton

CHICAGO, April 20, 2023 /PRNewswire/ -- According to Arizton's latest research report, the Southeast Asia tractors market will grow at a CAGR of 3.77% from 2022-2028.

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BROWSE IN-DEPTH TOC ON THE SOUTHEAST ASIA TRACTORS MARKET

51 - Tables        
61 - Charts        
159 – Pages   

A new frontier of innovation emerged as agriculture met digital technology, opening various paths to a smart agricultural future. Agricultural equipment manufacturers are competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices. State-of-the-art technology-based equipment is currently available on the market. Global Positioning System (GPS) and remote sensing make farming more accurate and productive.

The agriculture tractor market in Southeast Asia increased by 3.1% in 2022 from 2021. The increase in crop production and tractor sales was due to favorable climate conditions and government support to farmers. The Southeast Asia agricultural tractors market is highly concentrated, with the top players controlling most of the industry. Domestic and global brands, on the other hand, are equally represented in the market. Southeast Asian government plans schemes and initiatives to facilitate credit and improve agriculture-related operations, which will contribute to the growth of the overall value chain of the market.

Southeast Asia Tractors Market Report Scope

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Increased in Farm Mechanization Positively Impacting the Market Growth

In 2022, Thailand was Southeast Asia's largest agricultural tractor market in sales. According to the World Bank Group, an estimated 50% of the rural population of countries in the region will migrate to cities by 2050. This migration will negatively affect the workforce population engaged in the agricultural sector.

The farm holding structure is based on the economic size of a farm, depending on the farm's output per year. A high number of small farms characterizes the agricultural sector. The farm holding structure is consolidated, and medium-scale farms account for a high percentage of farming lands in several regions. The high number of medium-scale farms in high agrarian areas will positively affect the market in Southeast Asian countries. Such farms employ more than one tractor and other related agri-equipment to conduct several agricultural activities.

There is an increase in the adoption of compact agricultural equipment as the export demand for fruits and flowers is high in the region. Several major and highest-selling brands, including Kubota and New Holland, offer compact equipment in Southeast Asian countries.

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Why Should You Buy This Report?

This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of:

• Market Size & Forecast Volume (Units) 2020–2028
• Segmentation by Horsepower
• Segmentation by Wheel Drive
• Segmentation by Geography
• Production and trade values.
• Major current and upcoming projects and investments.
• Competitive intelligence about the economic scenario, advantages in Southeast Asia, industry dynamics, and market shares.
• Latest and innovative technologies.
• COVID-19 impact analysis of the industry.
• Company profiles of major and other prominent vendors.
• Market shares of major vendors.

Key Vendors

• John Deere
• CNH Industrial
• AGCO
• Kubota
• Mahindra
• Deutz-Fahr
• CLAAS
• ISEKI & Co., Ltd.
• Kioti
• Yanmar

Market Segmentation

Horsepower

• Less Than 50 HP
• 50−100 HP
• Above 100 HP

Drive Type

• 2-Wheel-Drive
• 4-Wheel-Drive

Geography

• Thailand
• Myanmar
• Philippines
• Malaysia

Check Out Some of the Top Selling Research Reports:

New Zealand Tractors Market – Industry Analysis & Forecast 2022-2028: The New Zealand tractors market to reach 4,042 units by 2028. The country is implementing the concept of precision agriculture to increase productivity. The focus on agricultural mechanization in developing countries will increase the demand for tractors and the growing sense of accuracy in farming for technologically advanced tractors in the New Zealand tractors market.

Thailand Tractor Market - Industry Analysis & Forecast 2022-2028: The Thailand agriculture tractor market shipments are expected to reach 68,781 units by 2028. Increased food consumption, increased loans and subsidies by the government, and socio-demographic changes in Thailand are driving the tractor industry in Thailand.

India Tractor Market - Industry Analysis & Forecast 2022-2028: The India Tractor market to reach 910.8 thousand units by 2028. Growing demand for autonomous tractors, farm mechanization, and increasing precision farming adoption drive India's tractor industry's growth.

Southeast Asia Agriculture Equipment Market - Strategic Assessment & Forecast 2022-2028:  Southeast Asia agriculture equipment to reach a volume of 16,92,905 units by 2028. The popularity of digitization has resulted in the integration of digital technologies in the agriculture industry, which is currently the biggest trend in the Southeast Asia agriculture equipment market.

Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

8 INTRODUCTION

8.1 OVERVIEW

8.2 VALUE CHAIN ANALYSIS

8.2.1 OVERVIEW

8.2.2 RAW MATERIAL & COMPONENT SUPPLIERS

8.2.3 MANUFACTURERS

8.2.4 DEALERS/DISTRIBUTORS

8.2.5 RETAILERS

8.2.6 END-USERS

8.3 SWOT ANALYSIS OF AGRICULTURAL TRACTOR INDUSTRY

8.4 DISTRIBUTION CHANNELS FOR FARM EQUIPMENT

8.4.1 FINANCING OPTIONS FOR ACQUIRING FARM MACHINERY

8.5 TECHNOLOGICAL ADVANCES

9 MARKET OPPORTUNITIES & TRENDS

9.1 TECHNOLOGICAL ADVANCES IN AGRICULTURAL TRACTOR TECHNOLOGY

9.1.1 SWATH CONTROL AND VARIABLE RATE TECHNOLOGY (VRT)

9.1.2 HIGH DEMAND FOR AUTONOMOUS EQUIPMENT

9.2 SHORTAGE OF AGRICULTURAL LABOR

9.3 USE OF ENERGY-EFFICIENT AGRI TRACTORS

10 MARKET GROWTH ENABLERS

10.1 ASSISTANCE TO FARMERS THROUGH LOANS & SUBSIDIES

10.2 INCREASED AGRICULTURAL PRODUCTIVITY & EXPORTS

10.3 INCREASED FARM MECHANIZATION

11 MARKET RESTRAINTS

11.1 LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURAL TRACTORS

11.2 HIGH DEMAND FOR USED & RENTAL TRACTORS

11.3 CLIMATE CHANGE ADVERSELY IMPACTS AGRICULTURAL ACTIVITIES

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 HORSEPOWER

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 LESS THAN 50 HP

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 50–100 HP

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

13.5 ABOVE 100 HP

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.5.3 MARKET BY GEOGRAPHY

14 WHEEL-DRIVE TYPE

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 2-WHEEL DRIVE

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 4-WHEEL DRIVE

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

15 COUNTRY

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 GEOGRAPHIC OVERVIEW

15.3 THAILAND

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY HORSEPOWER

15.3.4 MARKET BY WHEEL-DRIVE TYPE

15.4 MYANMAR

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY HORSEPOWER

15.4.4 MARKET BY WHEEL-DRIVE TYPE

15.5 PHILIPPINES

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.5.3 MARKET BY HORSEPOWER

15.5.4 MARKET BY WHEEL-DRIVE TYPE

15.6 MALAYSIA

15.6.1 MARKET OVERVIEW

15.6.2 MARKET SIZE & FORECAST

15.6.3 MARKET BY HORSEPOWER

15.6.4 MARKET BY WHEEL-DRIVE TYPE

15.7 OTHERS

15.7.1 MARKET OVERVIEW

15.7.2 MARKET SIZE & FORECAST

15.7.3 MARKET BY HORSEPOWER

15.7.4 MARKET BY WHEEL-DRIVE TYPE

16 COMPETITIVE LANDSCAPE

16.1 COMPETITION OVERVIEW

16.1.1 RECENT DEVELOPMENTS BY TOP BRANDS

16.1.2 BRAND LOYALTY

16.1.3 SALES & EXPORTS

17 KEY COMPANY PROFILES

17.1 JOHN DEERE

17.1.1 BUSINESS OVERVIEW

17.1.2 PRODUCT OFFERINGS

17.1.3 KEY STRATEGIES

17.1.4 KEY STRENGTHS

17.1.5 KEY OPPORTUNITIES

17.2 CNH INDUSTRIAL

17.3 AGCO

17.4 KUBOTA

18 OTHER PROMINENT VENDORS

18.1 MAHINDRA

18.1.1 BUSINESS OVERVIEW

18.1.2 PRODUCT OFFERINGS

18.2 DEUTZ-FAHR

18.3 CLAAS

18.4 ISEKI & CO., LTD.

18.5 KIOTI

18.6 YANMAR

19 REPORT SUMMARY

19.1 KEY TAKEAWAYS

19.2 STRATEGIC RECOMMENDATIONS

20 QUANTITATIVE SUMMARY

20.1 MARKET BY GEOGRAPHY

20.2 MARKET BY HORSEPOWER

20.3 MARKET BY WHEEL-DRIVE TYPE

21 APPENDIX

21.1 ABBREVIATIONS

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