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GURUGRAM, India , May 19, 2021 /PRNewswire/ --
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 of 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 decline in domestic agricultural machinery sales.
Investment in Smart Agricultural Machinery: Companies have been focusing on 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 Thailand Agricultural Tractor Market. Moreover, rising shift from traditional farming to farming through agricultural machinery leading to increasing demand of 2W tractors among small farmers will further contribute the rising sales of tractors in Thailand .
Sale of Rice Transplanters in Thailand is expected to decline in 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 use 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 expected improvement in prices of staple crops, transition from traditional to smart farming, increasing government support and innovative strategies adopted by service providers.
Time Period Captured in the Report:-
Key Topics Covered in the Report
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Thailand Agricultural Machinery Market Outlook to 2025
Indonesia Agriculture Equipment Market Outlook to 2025 - By Tractors Market (2 Wheeled & 4 Wheeled Tractors; < 40HP, 40-70HP & >70HP Tractors; Combine Harvesters Market (Less than 70HP, 70HP and >70HP); Rice Transplanters Market; Implements Market (Rotavator, Plough, Harrow, Fertilizer Spreaders & Others); and Regional Demand of Agriculture Equipment (Java , Sulawesi, Sumatra , Kalimantan & Others)
The Reports covers the country overview, regulatory framework, agricultural overview of Indonesia , land under cultivation, changes in the cropping patterns, farm holding structure & scale of mechanization. Indonesia agriculture equipment market 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 analysts' take on the future.
Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao)
The report covers various aspects including overview and market size, market segmentation, trends and development, issues and challenges, snapshots on (Equipments Financing and Rentals, Aftermarket services and Diesel Engines), competitive landscape, market share of major players (Kubota, Yanmar, Massey Ferguson , CNH, John Deere, McCormick and Landini) in agricultural equipment market. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
South Africa Agricultural Equipment Market Outlook to 2025-By Product Type (Tractors, Tillage Equipment, Planters & Seeders, Sprayers, Combine Harvesters, Precision Farming and Others); By Domestic Sales and Import; By Region (Free State, Mpumalanga, Kwa Zulu Natal and others)
The report covers aspects such as market segmentation (by product type, by domestic sales & imports and by region) and various snapshot including major product features, agriculture equipment rentals space, second hand sales market, equipment financing, aftermarket services and others. Competitive landscape of major players including Falcon Equipment, Bell Equipment, Radium Engineering, John Deere, Massey Ferguson , Landini, Case IH, CLAAS, ARGO (PTY) Limited, BHBW (PTY) Limited and Northmec have been extensively covered mentioning company overview, major business strategies, USP, distribution network, after sales services, financials and various other parameters.
Brazil Agricultural Equipment Market Outlook to 2023 - By Product Type (Tractors, Combine Harvesters, Tillage Equipment, Precision Farming Equipments, Planters & Seeders and Others), By Domestic Production & Imports and By Region (South, North, Midwest and Mideast)
Brazil Agricultural Equipment Market plays an important role in the overall economy of Brazil by acting as a growth catalyst in GDP contribution. After going through a recession during 2014-2016, the market is currently in a recovery stage with a positive growth rate witnessed during 2017-2018. Domestic demand is principally being met through local manufacturing with almost all major international OEMs having plants within the country.
Ken Research Ankur Gupta , Head Marketing & Communications [email protected] +91-9015378249
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