Dublin, 22 March 2022 (GLOBE NEWSWIRE) – The “Thailand Tractor Market – Industrial Analysis & Forecast 2022-2028” report has been added ResearchAndMarkets.com’s to offer.
Increasing food consumption and rapid population growth are leading the agricultural and forestry market in Thailand. This growing demand for food has to be met by a huge increase in production and per hectare payouts. Recent socio-demographic changes in Thailand are also driving the demand in Thailand tractor market.
The number of people who regularly work in agriculture is declining in Thailand. This increases the need for agricultural machinery in the country, thus positively affecting Thailand’s Agricultural Tractor Market.
The Thailand tractor market is expected to grow at a CAGR of 3.71%.
Market Growth Enablers
- Increased food consumption & Rapid population growth
- More financial support for farmers through loans & subsidies
- Socio-demographic changes in Thailand
Segmentation analysis
The 20-40 HP segment generates the highest sales in almost all regions of Thailand. Tractors with a power capacity of less than 20 hp are referred to as mini tractors. These tractors are ideal for farmers with marginal landowners and low transport conditions.
2WD tractors are most favored by farmers. The low relative cost of ownership, the sufficiency of the features, and the transport power and convention make 2WD tractors more popular with the farmers.
Segmentation of Horsepower
- Less than 20 HP
- 20-40 HP
- 41-60 HP
- 61-100 HP
- Over 100 HP
Segmentation by Drive Type
- 2-wheel drive
- 4-wheel drive
Geographical analysis
The increase in penetration and the adoption of farm mechanization practices throughout Thailand have driven the sale of new tractors. Tractors and agricultural implements are the main product category of the organized agricultural market in Thailand.
Seller Analysis
There are two major market segments in Thailand with completely different profiles. The market for less than 50 horse tractors was almost entirely owned by Kubota before 2004 and the company still has a market share of over 70%. Kubota’s presence in Thailand is due to its subsidiary Siam Kubota, which is a local tractor production facility.
Key providers
- Kubota
- John Deere
- CNH Industrial
- Escort Limited
- Mahindra & Mahindra
Other Prominent Sellers
- New Holland
- Yanmar
- The cost of shares in Sonalika International Tractors Limited
- Action Construction Equipment Ltd.
- AGCO
- Iseki Farm Implement Trading Co.
- CLAAS KGAA MBH
- Tractors and Farm Equipment Limited (TAFE)
- Eicher
- IMT
- Massey Ferguson Limited Capitalization
- The dynamics of Talaythong Factory Co., Ltd.
- Deutz-Fahr
Report contains:
1. The analysis of the Thailand tractor market provides market size and growth rate for the forecast period 2022-2028.
2. It provides comprehensive insights into current industry trends, trend forecasts, and growth drivers across the Thailand tractor market.
3. The report provides the latest analysis of market share, growth drivers, challenges and investment opportunities.
4. It provides a complete overview of market segments and the regional outlook of Thailand Tractor Market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Key topics covered:
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 Prerequisites & Prerequisites
5.1 Key Prerequisites
5.2 Currency conversion
5.3 Market Derivation
March 6 At a glance
7 Introduction
7.1 Overview
7.2 Import & Export Analysis
7.3 Agricultural Evolution in Thailand
7.4 Population & End-User Growth
7.5 Technological advances
7.6 Impact of Covid-19
March 8 landscape
8.1 Market Overview
8.2 Market Size & Forecasts
8.3 Five Forces Analysis
8.3.1 Danger of New Entrants
8.3.2 Negotiation power of suppliers
8.3.3 Negotiation power of buyers
8.3.4 Danger of substitutes
8.3.5 Competitive Rivalry
9 Horsepower
9.1 March Snapshot & Growth Engine
9.2 Market Overview
9.3 Less than 20 PS
9.3.1 Market Overview
9.3.2 Market Size & Forecasts
9.4 20? 40 PS
9.4.1 Market Overview
9.4.2 Market Size & Forecasts
9.5 41? 60 PS
9.5.1 Market Overview
9.5.2 Market Size & Forecasts
9.6 61? 100 HP
9.6.1 Market Overview
9.6.2 Market Size & Forecasts
9.7 Over 100 PS
9.7.1 Market Overview
9.7.2 Market Size & Forecasts
10 Drive Typ
10.1 March Snapshot & Growth Engine
10.2 Market Overview
10.2.1 Market Size & Forecasts
10.3 2Wd Tractors
10.3.1 Market Overview
10.3.2 Market Size & Forecasts
10.4 4Wd Tractors
10.4.1 Market Overview
10.4.2 Market Size & Forecasts
11 Market Opportunities & Trends
11.1 Rising Focus on Remote Monitoring Technology and Tractors
11.1.1 Self-driving Tractors
11.1.2 GPS Technology
11.1.3 Growth Demand for Autonomous Tractors
11.1.4 Alternative fuel-based tractors
11.2 Growth Farm Mechanization Demand Demand for Low Engine Power Tractors
11.2.1 Policy for agricultural mechanization
11.3 Increase adoption of precision agriculture
March 12 Growth Enablers
12.1 Increasing Food Consumption & Rapid Population Growth
12.2 More financial support for farmers through loans & subsidies
12.2.1 Thailand offers $ 4.7 billion to farmers affected by covid and floods
12.2.2 National Strategy for the next 20 years
12.3 Socio-demographic changes in Thailand
12.4 Expanding farm size
13 Market Restrictions
13.1 Increasing Demand for Used & Rental Tractors
13.2 Climate change has a negative impact on agricultural activities
13.3 Farmers’ Market aware of latest agricultural technology
13.3.1 Low Level of Education Among Farmers
13.3.2 Resource scarcity Among small & medium-sized farmers
14 Competitive landscape
14.1 Contest Overview
15 Key Company Profiles
15.1 Kubota
15.1.1 Business Overview
15.1.2 Kubota in the agricultural tractor market
15.1.3 Product Offering Texts
15.1.4 Key Strategies
15.1.5 Key Strengths
15.1.6 Key Options
15.2 John Deere
15.2.1 Business Overview
15.2.2 John Deere in the Agricultural Tractor Market
15.2.3 Product Offering Texts
15.2.4 Key Strategies
15.2.5 Key Strengths
15.2.6 Key options
15.3 Cnh
15.3.1 Business Overview
15.3.2 Cnh in the agricultural tractor market
15.3.3 Product Offering Texts
15.3.4 Key Strategies
15.3.5 Key Strengths
15.3.6 Key Options
15.4 Escort Limited
15.4.1 Business Overview
15.4.2 Escort in the agricultural tractor market
15.4.3 Product Offering Texts
15.4.4 Key Strategies
15.4.5 Key Strengths
15.4.6 Key Options
15.5 Mahindra & Mahindra
15.5.1 Business Overview
15.5.2 Mahindra in the agricultural tractor market
15.5.3 Product Offering Texts
15.5.4 Key Strategies
15.5.5 Key Strengths
15.5.6 Key options
16 Other Prominent Sellers
16.1 New Holland
16.1.1 Business Overview
16.1.2 Product Offering Texts
16.2 Yanmar
16.2.1 Business Overview
16.2.2 Product Offering Texts
16.3 Sonalika
16.3.1 Business Overview
16.3.2 Product Offering Texts
16.4 Ass
16.4.1 Business Overview
16.4.2 Product Offering Texts
16.5 Agco
16.5.1 Business Overview
16.5.2 Product Offering Texts
16.6 Eng
16.6.1 Business Overview
16.6.2 Product Offering Texts
16.7 Claas Kgaa Mbh
16.7.1 Business Overview
16.7.2 Product Offering Texts
16.8 Baptism
16.8.1 Business Overview
16.8.2 Product Offering Texts
16.9 Eicher
16.9.1 Business Overview
16.9.2 Product Offering Texts
4.10 pm Wed.
16.10.1 Business Overview
16.10.2 Product Offering Texts
16.11 Massey Ferguson Ltd.
16.11.1 Business Overview
16.11.2 Product Offering Texts
16.12 Talaythong Factory Co. Ltd.
16.12.1 Business Overview
16.12.2 Product Offering Texts
16.13 Deutz-Fahr
16.13.1 Business Overview
16.13.2 Product Offering Texts
17 Summary Report
17.1 Key Takeaways
17.2 Strategic Recommendations
18 Quantitative Summary
18.1 Market of Horsepower
18.2 Market of wheel drive type
19 Appendix
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