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Market Research Report
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1063839

Thailand Tractor Market - Industry Analysis & Forecast 2022-2028

Published: | Arizton Advisory & Intelligence | 147 Pages | Delivery time: 1-2 business days

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Thailand Tractor Market - Industry Analysis & Forecast 2022-2028
Published: March 9, 2022
Arizton Advisory & Intelligence
Content info: 147 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Thailand Tractor Market Report

Increased food consumption and rapid population growth are driving the agricultural and forestry*tractor market*in*Thailand. This increasing demand for food will have to be met by a tremendous increase in production and per hector yield. Recent socio-demographic changes in Thailand are also driving demand in the Thailand tractors market. The number of people regularly working in agriculture is decreasing in Thailand. This increases the need for agricultural machinery in the country, thus positively impacting Thailand's*Agricultural*Tractor Market.

The Thailand tractors market is expected to grow at a CAGR of 3.71%.**

MARKET GROWTH ENABLERS

  • Increased Food Consumption & Rapid Population Growth
  • Increased Financial Support to Farmers Through Loans & Subsidies
  • Socio-Demographic Changes in Thailand

SEGMENTATION ANALYSIS

The 20-40 HP segment generated the highest sales in almost all the regions of Thailand. Tractors with a power capacity range of less than 20 HP are referred to as mini tractors. These tractors are ideal for farmers with marginal land holdings and low haulage requirements.

2WD tractors are the most favored by farmers. The low relative cost of ownership, the sufficiency of features, and haulage power and convention make 2WD tractors more popular among farmers.

Segmentation by Horsepower*

  • Less Than 20 HP*
  • 20-40 HP*
  • 41-60 HP*
  • 61-100 HP*
  • Above 100 HP*

Segmentation by Drive Type*

  • 2-Wheel-Drive**
  • 4-Wheel-Drive*

GEOGRAPHICAL ANALYSIS

The increasing penetration and adoption of farm mechanization practices across Thailand have driven the sale of new tractors. Tractors and agriculture implements are the major product categories of the organized agriculture market in Thailand.

VENDOR ANALYSIS

There are two major market segments in Thailand with completely different profiles. The market for less than 50 horsepower 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 through its subsidiary Siam Kubota, which is the local production plant for tractors.

Key Vendors

  • Kubota
  • John Deere
  • CNH Industrial
  • Escorts Limited
  • Mahindra & Mahindra

Other Prominent Vendors

  • New Holland
  • Yanmar
  • Sonalika International Tractors Limited
  • Action Construction Equipments Ltd.
  • AGCO
  • Iseki Farm Implement Trading Co.
  • CLAAS KGAA MBH
  • Tractors and Farm Equipment Limited (TAFE)
  • Eicher
  • IMT
  • Massey Ferguson Limited
  • Talaythong Factory Co., Ltd.
  • Deutz-Fahr

THE REPORT INCLUDES:

  • 1. The analysis of the Thailand Tractor Market provides market size and growth rate for the forecast period 2022-2028.
  • 2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Thailand Tractor Market.
  • 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  • 4. It offers a complete overview of market segments and the regional outlook of the Thailand Tractor Market.
  • 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Product Code: ARZ220229

TABLE OF CONTENTS

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 Introduction

  • 7.1 Overview
  • 7.2 Import & Export Analysis
  • 7.3 Agriculture Evolution in Thailand
  • 7.4 Population & End-User Growth
  • 7.5 Technological Advancements
  • 7.6 Impact of Covid-19

8 Market Landscape

  • 8.1 Market Overview
  • 8.2 Market Size & Forecast
  • 8.3 Five Forces Analysis
    • 8.3.1 Threat of New Entrants
    • 8.3.2 Bargaining Power of Suppliers
    • 8.3.3 Bargaining Power of Buyers
    • 8.3.4 Threat of Substitutes
    • 8.3.5 Competitive Rivalry

9 Horsepower

  • 9.1 Market Snapshot & Growth Engine
  • 9.2 Market Overview
  • 9.3 Less Than 20HP
    • 9.3.1 Market Overview
    • 9.3.2 Market Size & Forecast
  • 9.4 20-40 HP
    • 9.4.1 Market Overview
    • 9.4.2 Market Size & Forecast
  • 9.5 41-60 HP
    • 9.5.1 Market Overview
    • 9.5.2 Market Size & Forecast
  • 9.6 61-100 HP
    • 9.6.1 Market Overview
    • 9.6.2 Market Size & Forecast
  • 9.7 Above 100 HP
    • 9.7.1 Market Overview
    • 9.7.2 Market Size & Forecast

10 Drive Type

  • 10.1 Market Snapshot & Growth Engine
  • 10.2 Market Overview
    • 10.2.1 Market Size & Forecast
  • 10.3 2wd Tractors
    • 10.3.1 Market Overview
    • 10.3.2 Market Size & Forecast
  • 10.4 4wd Tractors
    • 10.4.1 Market Overview
    • 10.4.2 Market Size & Forecast

11 Market Opportunities & Trends

  • 11.1 Rising Focus on Remote Monitoring Technology in Tractors
    • 11.1.1 Self-Driving Tractors
    • 11.1.2 GPS Technology
    • 11.1.3 Growing Demand for Autonomous Tractors
    • 11.1.4 Alternative Fuel-Based Tractors
  • 11.2 Growing Farm Mechanization Driving Demand for Low Engine Power Tractors
    • 11.2.1 Policies for Agricultural Mechanization
  • 11.3 Increasing Adoption of Precision Farming

12 Market Growth Enablers

  • 12.1 Increased Food Consumption & Rapid Population Growth
  • 12.2 Increased Financial Support to Farmers Through Loans & Subsidies
    • 12.2.1 Thailand to Offer $4.7 Billion To Farmers Affected by Covid and Floods
    • 12.2.2 National Strategy for Next 20 Years
  • 12.3 Socio-Demographic Changes in Thailand
  • 12.4 Expanding Farmland Size

13 Market Restraints

  • 13.1 Increasing Demand for Used & Rental Tractors
  • 13.2 Climate Change Adversely Impacting Agricultural Activities
  • 13.3 Farmers Unaware of Latest Agricultural Technology
    • 13.3.1 Low Level of Education Among Farmers
    • 13.3.2 Resource Scarcity Among Small & Medium Farmers

14 Competitive Landscape

  • 14.1 Competition Overview

15 Key Company Profiles

  • 15.1 KUBOTA
    • 15.1.1 Business Overview
    • 15.1.2 Kubota in Agriculture Tractor Market
    • 15.1.3 Product Offerings
    • 15.1.4 Key Strategies
    • 15.1.5 Key Strengths
    • 15.1.6 Key Opportunities
  • 15.2 JOHN DEERE
    • 15.2.1 Business Overview
    • 15.2.2 John Deere in Agriculture Tractor Market
    • 15.2.3 Product Offerings
    • 15.2.4 Key Strategies
    • 15.2.5 Key Strengths
    • 15.2.6 Key Opportunities
  • 15.3 CNH
    • 15.3.1 Business Overview
    • 15.3.2 CNH In Agriculture Tractor Market
    • 15.3.3 Product Offerings
    • 15.3.4 Key Strategies
    • 15.3.5 Key Strengths
    • 15.3.6 Key Opportunities
  • 15.4 ESCORTS LIMITED
    • 15.4.1 Business Overview
    • 15.4.2 Escorts in Agriculture Tractor Market
    • 15.4.3 Product Offerings
    • 15.4.4 Key Strategies
    • 15.4.5 Key Strengths
    • 15.4.6 Key Opportunities
  • 15.5 MAHINDRA & MAHINDRA
    • 15.5.1 Business Overview
    • 15.5.2 Mahindra in Agriculture Tractor Market
    • 15.5.3 Product Offerings
    • 15.5.4 Key Strategies
    • 15.5.5 Key Strengths
    • 15.5.6 Key Opportunities

16 Other Prominent Vendors

  • 16.1 NEW HOLLAND
    • 16.1.1 Business Overview
    • 16.1.2 Product Offerings
  • 16.2 YANMAR
    • 16.2.1 Business Overview
    • 16.2.2 Product Offerings
  • 16.3 SONALIKA
    • 16.3.1 Business Overview
    • 16.3.2 Product Offerings
  • 16.4 ACE
    • 16.4.1 Business Overview
    • 16.4.2 Product Offerings
  • 16.5 AGCO
    • 16.5.1 Business Overview
    • 16.5.2 Product Offerings
  • 16.6 ISEKI
    • 16.6.1 Business Overview
    • 16.6.2 Product Offerings
  • 16.7 CLAAS KGAA MBH
    • 16.7.1 Business Overview
    • 16.7.2 Product Offerings
  • 16.8 TAFE
    • 16.8.1 Business Overview
    • 16.8.2 Product Offerings
  • 16.9 EICHER
    • 16.9.1 Business Overview
    • 16.9.2 Product Offerings
  • 16.10 IMT
    • 16.10.1 Business Overview
    • 16.10.2 Product Offerings
  • 16.11 MASSEY FERGUSON LTD.
    • 16.11.1 Business Overview
    • 16.11.2 Product Offerings
  • 16.12 TALAYTHONG FACTORY CO., LTD.
    • 16.12.1 Business Overview
    • 16.12.2 Product Offerings
  • 16.13 DEUTZ-FAHR
    • 16.13.1 Business Overview
    • 16.13.2 Product Offerings

17 Report Summary

  • 17.1 Key Takeaways
  • 17.2 Strategic Recommendations

18 Quantitative Summary

  • 18.1 Market by Horsepower
  • 18.2 Market by Wheel Drive Type

19 Appendix

  • 19.1 Abbreviations

LIST OF EXHIBITS

  • Exhibit 1 Segmentation of Thailand Agriculture Tractor Market
  • Exhibit 2 Market Size Calculation Approach 2021
  • Exhibit 3 Thailand Economic Overview
  • Exhibit 4 Four Ages of Thailand Evolution
  • Exhibit 5 Factors Driving Demand for Agricultural Tractors
  • Exhibit 6 Agriculture Land Use in Thailand 2019
  • Exhibit 7 Thailand Import Export of Tractors 2019
  • Exhibit 8 Agriculture Evolution in Thailand 1986-2016
  • Exhibit 9 Tractor Usage by Ratio 2020
  • Exhibit 10 Technological Development in Tractors
  • Exhibit 11 COVID-19 Impact on Thailand Tractor Market
  • Exhibit 12 Sales of Agriculture Tractor by Horsepower 2021
  • Exhibit 13 Thailand Agriculture Tractor Market by Volume 2019-2028 (Units)
  • Exhibit 14 Five Forces Analysis 2021
  • Exhibit 15 Incremental Growth by Horsepower 2021 & 2028
  • Exhibit 16 Thailand Agriculture Tractor Market Segmentation by Horsepower, 2019-2028 (Units)
  • Exhibit 17 Thailand Agriculture Tractor Market, Segmentation by Horsepower, 2021 and 2028 (% Share)
  • Exhibit 18 Thailand Less Than 20 Hp Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 19 Thailand 20-40 HP Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 20 Thailand 41-60 HP Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 21 Thailand 61-100 HP Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 22 Thailand Above 100 HP Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 23 Incremental Growth by Drive Type 2021 & 2028
  • Exhibit 24 Thailand Agriculture Tractor Market, Segmentation by Wheel Drive Type, 2021 (% Share)
  • Exhibit 25 Thailand Wheel Drive Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 26 Thailand 2WD Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 27 Thailand 4WD Agriculture Tractor Market 2019-2028 (Units)
  • Exhibit 28 Impact of Rising Focus on Remote Monitoring Technology in Tractors
  • Exhibit 29 Impact of Growing Farm Mechanization Driving Demand for Lower Engine Power Tractors
  • Exhibit 30 Impact of Increasing Adoption of Precision Farming
  • Exhibit 31 Impact of Increased Food Consumption & Rapid Population Growth
  • Exhibit 32 Impact of Increased Financial Support to Farmers Through Loans & Subsidies
  • Exhibit 33 Impact of Socio-Demographic Changes in Thailand
  • Exhibit 34 Thailand Farmer & Agriculture Workforce Age Distribution 2019
  • Exhibit 35 Impact of Expanding Farmland Size
  • Exhibit 36 Land Use in Thailand 2019
  • Exhibit 37 Impact of Increasing Demand for Used & Rental Tractors
  • Exhibit 38 Impact of Climate Change Adversely Impacting Agricultural Activities
  • Exhibit 39 Impact of Farmers Unaware of Latest Agricultural Technology
  • Exhibit 40 Product Range of Tractors by Top Five Vendors 2019
  • Exhibit 41 Total Share by Segments 2020 (%)

LIST OF TABLES

  • Table 1 Key Caveats
  • Table 2 Currency Conversion 2015-2021
  • Table 3 Thailand Agricultural Industry Output Overview 2018-2021 ($ million)
  • Table 4 Number and Area of Holdings 2019

Table 5 Thailand: Distribution Network of Tractors in 2019

Table 6 Agriculture Tractors Available in Thailand 2019

Table 7 Top Five Major Thailand Agriculture Tractor Vendors Ranking

  • Table 8 Kubota: Major Product Offerings
  • Table 9 John Deere: Major Product Offerings
  • Table 10 CNH: Major Product Offerings
  • Table 11 Escort: Major Product Offerings
  • Table 12 Mahindra & Mahindra: Major Product Offerings
  • Table 13 New Holland: Major Product Offerings
  • Table 14 Yanmar: Major Product Offerings
  • Table 15 Sonalika: Major Product Offerings
  • Table 16 ACE: Major Product Offerings
  • Table 17 AGCO: Major Product Offerings
  • Table 18 ISEKI: Major Product Offerings
  • Table 19 Claas KGaA mbH: Major Product Offerings
  • Table 20 TAFE: Major Product Offerings
  • Table 21 Eicher: Major Product Offerings
  • Table 22 IMT: Major Product Offerings
  • Table 23 Massey Ferguson Ltd.: Major Product Offerings
  • Table 24 Talaythong Factory Co. Ltd.: Major Product Offerings
  • Table 25 Deutz-Fahr: Major Product Offerings
  • Table 26 Thailand Agriculture Tractor Market by Horsepower 2021-2028 (Units)
  • Table 27 Thailand Agriculture Tractor Market by Wheel Drive Type 2021-2028 (Units)