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Anaysis of Makrekt
Anaysis of Makrekt
...
Report
Details
Coverage
Market Size
$13.1 Billion
(Revenue)
Market Size (Unit
16,92,905 units
Shipment)
CAGR (Volume) 7.20%
Historic Year 2019-2020
Base Year 2021
Forecast Period 2022-2028
Market Segments Type and Countries
Countries Indonesia, Thailand, Malaysia, Philippines, Vietnam, and Other
John Deere, AGCO, Mahindra & Mahindra Ltd, CNH, Kubota Corporation, CLASS, Changz
Key Vendors Dongfeng Agriculture Machinery Group Co. Ltd, Weichai Lovol & Shandong Heavy Industr
SDF Group, YTO Group, Yanmar
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Key Highlights Offered in the Report:
Land preparation equipment expect to capture a major share in the Southeast Asia
agriculture equipment market as they are used before seeding and planting of crops.
Southeast Asian governments are taking initiatives to increase the crop yield. Land
preparation equipment help to speed up crop cultivation by providing soft soil mass for
transplanting and speeding.
Thailand has approx. 20.4 million hectors of farmland, with 10 million hectors used for
rice cultivation. The country relies heavily on the agriculture sectors, accounting for 6.2%
of the total GDP. The Government has taken initiatives to encourage farmers to grow
coffee, apples, and other temperate crops. These measures will increase the demand for
machines to improve production efficiency.
Seedling and planting equipment are important for cultivation of maize, soybeans, and
peas. Irrigation is necessary for rice cultivation where optimum amount of water is
required. Hence, the increasing demand for maize, soybeans, and peas along with
increase in rice cultivation is likely to boost the demand for seedling and planting
equipment.
Southeast Asia Agriculture Equipment Market by Type
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Others
Southeast Asia Agriculture Equipment Market – Dynamics
Increased investment by Indonesian Government to upgrade local agriculture equipment
production. The Indonesian government has invested USD 538 million for the development of
agriculture equipment in the country. It focuses on local production of agriculture equipment to
reduce dependency on China and other countries for agricultural imports. In 2020, the import of
agriculture equipment hampered due to COVID-19 lockdowns in the country, which negatively
affected the agriculture industry in the country and region. Therefore, the government has
decided to invest in R&D and manufacture agriculture equipment locally. Rice production is one
of the major agriculture products in the country. The government has planned to invest in R&D
to increase the rice production and to improve yields on favorable land, while expanding rice
production to frontier areas, where rice plant must withstand harsher environment. The demand
for 2W tractors in the market is high due to their portability and flexibility. Government financial
support to farmers for buying agriculture machinery has a positive impact on equipment demand.
This report is among the few in the market that offers outlook and opportunity analysis
forecast in terms of:
John Deere
AGCO
Mahindra & Mahindra ltd
CNH Industrial
Kubota Corporation
CLASS
Changzhou Dongfeng Agriculture Machinery Group co. Ltd
Jiangsu Changfa Agriculture Equipment co Ltd
Weichai Lovol & Shandong Heavy Industry
SDF Group
YTO Group
Yanmar
Distributor Profile
Cans Agrinusa
PT Wahana Inti Selaras
ETM Valstar Tractors
Cans Agrinusa
ALL Planters
Explore our industrial machinery profile to know more about the industry.
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