Thailand Agricultural Machinery Market is expected to cross USD 1.9 Billion by 2025 Owing to Surge in Demand Among Farmers and Rising Financial Support: Ken Research

• Thailand Agricultural Tractor Market is expected to register a CAGR of 3.2% between 2019 and 2025. Two-wheel and Four-Wheel Tractor is expected to contribute 23% and 77% respectively by the end of 2025.
• Thailand Combine Harvester Market is expected to register a CAGR of 6.6% between 2019 and 2025. Combine Harvesters with power above 150 HP is expected to contribute more than 40%. Followed by combined harvesters powered 75-105 Hp and 70Hp and below.

Impact of Covid-19: Country lockdown imposed in Thailand during the period April-May, lead to lesser farming activity in the country due to which companies observed a decline in demand for tractors, combine harvesters or rice transplanters in terms of domestic sales leading to an overall decline in the market. In addition to this, dealer outlets and retail stores were being shut further leading to a decline in domestic agricultural machinery sales.

Investment in Smart Agricultural Machinery: Companies have been focusing on the production of smart agricultural machinery that uses advanced technologies such as ICT and robot technology, and farm business software that can centrally manage information obtained from these agricultural machines.

Rising Demand of Two-Wheel Tractors: Rise in sales of mid-range tractors is expected to ensure stable growth in revenues of the Thailand Agricultural Tractor Market. Moreover, the rising shift from traditional farming to farming through agricultural machinery leading to the increasing demand for 2W tractors among small farmers will further contribute to the rising sales of tractors in Thailand.
Sale of Rice Transplanters in Thailand is expected to decline in the future as farmers have been focusing more on purchasing a used rice transplanter or to rent a rice transplanter as it has seasonal usage and can be only used to plant rice.

According to the report by Ken Research 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” the Online Grocery Delivery Market will be valued at USD 1.9 Billion by end of 2025F. The market will witness growth owing to the expected improvement in prices of staple crops, the transition from traditional to smart farming, increasing government support, and innovative strategies adopted by service providers.

For More Information on the Research Report, Click on the Link: -
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/thailand-agricultural-machinery-market-outlook/344772-104.html

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
Kaset Phattana
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

Related Reports by Ken Research: -
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/egypt-agricultural-machinery-market-report/87315-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/indonesia-farm-tractor-market-report/53418-104.html

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity, and economy reports. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis, and success case studies.

This release was published on openPR.