GURUGRAM, India, June 22, 2021 /PRNewswire/ —

Key Findings

• In accordance Ministry of Agriculture and Rural Enchancment in 2020, The extent of mechanization in agriculture is developing Inside the pre- and submit-harvest levels. Particularly, The velocity of mechanization of agricultural land preparation reveryed 94%; 42% of sowing and planting care reveryed 77% and that of rice harvest reveryed 65%.
• As in contrast with 2011, in 2019, the Quantity of tractors throughout the nation enhanced by about 48%, mix harvester enhanced by 79%, and agricultural dryer enhanced by 29%. The farm power availability reveryed about 2.4 HP / ha cultivated.
• The Ministry of Enterprise and Commerce assessed thOn The extent Of package for Vietnam’s agriculture solely reveryed 1.4 horsepower (HP) for cultivation, a lot decrease than nations like Thailand with 4 HP / ha; China 8 HP / ha; Korea 10 HP / ha.

Scarcity of Labour: As a Outcome of of velocityy urbanisation, A lot of the farmers are shifting to development and providers sector in hopes of incomes extra wages. Consequently, this has led to a shortage of agriculture labour in Vietnam. This has acted as A critical driver for the implementation of equipment in agriculture. The transition of occupational construction from agriculture to completely diffelease sectors is velocityyly occurring Inside the 4 areas: The Purple River Delta, the North Central and the Central Coastal areas, the Mekong River Delta, and the South East.

Two Wheel Tractor to Dominate the Gross sales Quantity On the market: Area measurement and type in Vietnam is tiny and dispersed. As per Worldwide Rice Evaluation Institute, the nation has 70 million gadgets of land; subsequently There’s 0.7 ha of land out there For every household, which is made up Of three–4 gadgets of land. As a Outcome of of this fragmentation of land, farmers typically buy two wheel tractors That are useful for small gadgets of land and are furtherly financialal.

Sluggish Progress Price of Rice Transplanters: Sale of Rice Transplanters in Vietnam Is predicted To enhance at a sdecrease rate in future as in contrast to tractors as farmers lack the technical intypeation To make the most of the machines And are not Aware of The advantages Of current strategies of sowing rice.As a Outcome of of its restricted use to rice farming They Want to lease or buy a second hand rice transplanter.

DecliningAgricultural Machine Demand due to Covid-19: The demand for agricultural machinesdecreased By way of the corona virus pandemic. This was due to low manufacturing And in addition due to closure of dealerships and retail retailers all through lockdown. This was further fuelled by decrease in farmer’s income which led to suspending of agricultural equipment buys. Also, Vietnam has currently recovered from a drought and Mekong Delta is curleasely beneath salt water intrusion which has led to a decline in manufacturing. Aside from manufacturing and utility factors, agricultural gear corporations expert money circulate difficulties As a Outcome of of fact that A lot of the imports have been banned And native manufacturing and assemblies have been shut down. The demand for machinesInside the nation remained low On the starting Of two020, by no meanstheless there was enhance in demand Inside the second half of the yr submit ease in confinement. Sluggish restoration Is predicted in 2021. The producers are anticipated to shift focus in the direction of 4 wheel tractors Collectively with launch of precision agricultural merchandise in accordance with Vietnam Agriculture 4.0 agenda.

Analysts at Ken Evaluation Inside their latest publication “Vietnam Agricultural Machinery Market Outlook To 2025 – Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Under 12 HP, 12HP-35HP, And Above 35HP, By Area: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Purple River Delta and South East),   Combine Harvester Market,  Rice Transplanters Market and Agriculture Implements Market (By Product Type: Rotavator, Plough, Harrow,  Fertilizer Spreaders and Others)” noticed that  Vietnam is a rising agricultural equipment market in South East Asia and is slowly recovering from the financial disaster after pandemic. The developing credit rating availability Inside the nation Collectively with exemption in taxes is driving The enlargement of the industry. Increasing Think about promotional and advertising actions, new product launches, partnerships & collaborations are anticipated to drive the industry Finally. The Vietnam Agricultural Machinery Market Is predicted to develop at a CAGR of 6.4% on The idea of sales income over the forecast interval 2020-2025.

Key Parts Coated:-

• By Product Type
• Tractors (2W and 4W)
• Combine Harvesters
• Rice Transplanter
• Implements
• By Tractor Half
• Upto 12 Hp
• Between 12-35 Hp
• Above 35 Hp
• By Area of Gross sales
• Mekong Delta
• Purple River Delta
• Northern Midlands and Mountains
• North Central and Central Coast
• Central Highlands
• South East
• By Implement  Half
• Rotavator 
• Plough 
• Harrow 
• Fertilizer Spreaders
• Others

Companies Coated:-

• Kubota Vietnam
• Yanmar Vietnam
• VEAM( Vietnam Engine and Agricultural Machinery Company)
• Thaco (LS Mtron)

Key Viewers:-

• Agricultural Equipment Companies
• New Market Entrants- Home OEMs
• New Market Entrants- Overseas OEMs
• Agricultural Equipment Financing Companies
• Authorities Our bodies
• Buyers & Enterprise Capital Companies
• Agricultural Equipment Manufacturers
• Agricultural Equipment Distrihoweverors
• Agricultural Equipment Associations

Time Period Captured Inside the Report:-

• Historic Period – 2014-2020
• Forecast Period – 2021-2025

Key Subjects Coated Inside the Report:-

• Authorities Abstract
• Evaluation Methodology
• Vietnam Agriculture Equipment Market Overview
• Vietnam Agriculture Equipment Market Size, 2014-2020
• Vietnam Agriculture Equipment Market Halfation, 2020
• Progress Drivers in Vietnam Agriculture Equipment Market
• Issues and Challenges in Vietnam Agriculture Equipment Market
• Regulatory Framework in Vietnam Agriculture Equipment Market
• Snapshots on Equipment Financing and Leases, After Market Services and Second Hand Purchases
• Ecosystem and Worth Chain of Agricultural Equipment Enterprise in Vietnam
• Farmers Purchase Choice Making Parameters
• Cross Comparability between Primary Gamers and Agency Profiles & Product Portfolios
• Future Market Size and Halfations, 2021-2025F
• Covid-19 Influence on the Enterprise & The biggest method Forward
• Analysts’ Ideas
• Vietnam Agricultural Machinery Enterprise
• Vietnam Agricultural Equipment Market
• Vietnam Agricultural Machinery Market
• Quantity of Agricultural Equipment Companies in Vietnam
• Quantity of On-line Agricultural Equipment Companies in Vietnam
• Agricultural Equipment Home Gamers Vietnam
• Agricultural Equipment Overseas Gamers Vietnam
• Second Hand Agricultural Equipment Vietnam
• Financing of Agricultural Equipments Vietnam
• Financing of Agricultural Machinery Vietnam
• Price of curiosity on Agricultural Machines Vietnam
• Area with Highest Quantity of Tractors Vietnam
• Area with Highest Quantity of Combine Harvesters Vietnam
• Area with Highest Quantity of Rice Transplanter Vietnam
• Kubota Quantity of Sellers Vietnam
• Kubota Best Promoting Products Vietnam
• Yanmar Quantity of Sellers Vietnam
• Kubota Best Promoting Products Vietnam
• Thaco Quantity of Sellers Vietnam
• VEAM Quantity of Sellers Vietnam
• Logistics Costs for Import of Agricultural Equipment Vietnam
• Import Course of of Agricultural equipment in Vietnam
• Tractor Gross sales Vietnam
• Combine Harvester Gross sales Vietnam
• Rice Transplanter Gross sales Vietnam
• Kubota Market Share
• VEAM Apotek Market Share
• Thaco Market Share
• Yanmar Market Share
• Agricultural Mechanization Curlease Standing Vietnam
• Future plan of Agriculture Mechanization in Vietnam

For More Intypeation on the research report, Check with below hyperlink:-

Vietnam Agricultural Machinery Market

Associated Reviews:-

“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 & Under, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market“

The incomes from The general agriculture equipment market enhanced at a constructive single-digit CAGR Of two.7% By way of the interval 2013 – 2019. The contrihoweverion of the tractor market to The general market stood at Greater than 50.0% in 2019. Combine Harvesters have been the second-largest class, to The general incomes of the agriculture gear market largely due to rising government assist, rising per capita income, and rising demand for rice Inside the nation. The income from the tractor market in Thailand enhanced at a CAGR of 4.6% By way of the interval 2013 – 2019. Tractors have been segmented on The idea of power And completely diffelease people who differ from 20 to 75 hp have been most most properly-appreciated in Thailand, accounting for The very biggest complete tractor sales volume.

“Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Half (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Homeally Manufactured) and By Area (Luzon, Visayas and Mindanao)“

Agricultural Equipment Market started to developth with the introduction of rice mix harvesters by Kubota in 2010. During the preliminary yrs, farmers have been hesitant in adopting these gears as That they had no intypeation about utilization Of these gears And in addition feared dropping their job. However, rising assist from The federal government And particular personal investors, assisted in enhancing farm mechanization Inside the nation.

“Europe Agriculture Equipment Market Outlook to 2023 – By Type (Tractors, Harvesting Equipment, Soil Preparation and Cultivation Equipment, Haymaking Equipment, Crop Safety Equipment, Transport and Dealing with Equipments and Other Agricultural Equipment); and By Primary Countries (Germany, France, Italy, UK, Poland, Spain and Others)“

Europe agriculture gear market was noticed at a extremely maturity stage although the farming sector within Europe has by no means stopped working in the direction of innovation for agriculture gear And every cycle brings in new technological innovation. Increasing presence of each international As properly as to domestic players coupled with new government initiatives has created a constructive impact Available on the market. Europe agriculture gear industry income has enhanced at a constructive CAGR By way of the consider interval 2013-2018. The eu agriculture market witnessed a decline in 2016 When it Includes income however progressively recovered all through 2017-2018. There was a shift in the direction of mechanization Inside the market as trendy farm machines At the second are outfitted with superior utilized sciences which assist in simplifying the farming actions. Alongside with that, government assist Inside The Sort of subsidies has further inspired The enlargement of agriculture industry within European region

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