Philippines Agricultural Equipment Market is driven by Increasing Adoption of Smart Farm Practices and Extensive Government Support: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Increased Marketing Expenditure and increasing Farm Mechanization in the country has driven the growth of agricultural equipment market in Philippines”. Increase in agriculture crop production: The agriculture crop production during the review period (2013-2018) increased and reached over 90 million metric tonnes in 2017 thereby increasing the income generated by the farmers and stimulating the demand for agricultural equipment market. DA supported Training Programs: The Agricultural Training Institute set up by DA has partnered with Social Institute for Poverty Alleviation and Governance to deliver courses to teach farmers about climate-smart practices including the optimal use of modern technology and crop and soil management. The programs aim at raising awareness about the potential benefits of mechanization in farming. Adoption of Smart Farming Methods: Programs such as Smart Plant Production in Controlled Environments (SPICE) includes techniques such as vertical farming, micro propagation, cryopreservation and hydroponics are designed to develop and promote urban farming and high-tech plant conservation. Such programs have helped in increasing the demand for agricultural equipments in the country. Easy Credit Financing Option: Combined efforts by the national government as well as the global organizations (such as the World Bank) have led to the formation of number of projects such as Production Loan Easy Access (PLEA), Survival and Recovery (SURE) and Agricultural Competitiveness Enhance Fund (ACEF) to support financing of agricultural equipments in Philippines. This increase in the ease of financing of agriculture equipments boosted their demand in the review period (2013-2018). Increase in the irrigated land: Increase in irrigated area in the review period (2013-2018), reaching up to 1.89 million hectare acres in 2017, showed that there has been an increase in the efforts put by the farmers to increase the productivity of the land to gain more agricultural output and therefore, there will be an increase in the demand of the agricultural equipments for the same and hence, it stimulated the growth in the Philippines agricultural equipments market. The report titled “Philippines Agricultural Equipment Market Outlook to 2023-By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments), 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)” by Ken Research suggested that Philippines Agricultural Equipment Market is at growth stage and has been growing from 2013 due to rising awareness about Farm Mechanization in the country. The market has grown with a positive CAGR of 9.4% in terms of sales value and 9.2% in terms of sales volume during the period 2013-2028. Key Segments Covered By Product Type Tractors Combine Harvesters Planters, Seeders and Transplanters Tillage Equipment (Ploughs, Harrows and Rotovators) By Tractor Segment Upto 60 Hp Between 61-130 Hp Above 130 Hp By Production Imported Domestically Manufactured By Region Luzon Visayas Mindanao Key Target Audience Agricultural Equipment Companies New Market Entrants- Domestic OEMs New Market Entrants- Foreign OEMs Agricultural Equipment Financing Companies Government Bodies Investors & Venture Capital Firms Agricultural Equipment Manufacturers Agricultural Equipment Distributors Agricultural Equipment Associations Request for custom report Time Period Captured in the Report: Historical Period: 2013-2018 Forecast Period: 2019-2023E Major Companies Covered: Kubota Yanmar Massey Ferguson CNH (Case IH & New Holland) John Deere McCormick Landini Key Topics Covered in the Report Executive Summary Research Methodology Philippines Agriculture Equipment Market Overview Philippines Agriculture Equipment Market Size, 2013-2018 Philippines Agriculture Equipment Market Segmentation, 2018 Growth Drivers in Philippines Agriculture Equipment Market Issues and Challenges in Philippines Agriculture Equipment Market Regulatory Framework Snapshots on Equipment Financing and Rentals, After Market Services and Diesel Engines Competitive Landscape Company Profiles of Major Players Philippines Agriculture Equipment Future Outlook and Projections, 2018-2023E Philippines Agriculture Equipment Future Segmentation, 2018 – 2023E Analyst Recommendations For more information, refer to below link: Philippines Agricultural Equipment Market Outlook to 2023 Related Reports Europe Agriculture Equipment Market Outlook To 2023 – By Type (Tractors, Harvesting Equipment, Soil Preparation And Cultivation Equipment, Haymaking Equipment, Crop Protection Equipment, Transport And Handling Equipments And Other Agricultural Equipment); And By Major Countries (Germany, France, Italy, UK, Poland, Spain And Others) 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) 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) Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: After sales Services John Deere, After sales Services Kubota, After sales Services Landini, After sales Services Massey Ferguson, After sales Services Yanmar, AGCO Tractor Philippines, Agricultural Equipment Market in Philippines, Agriculture Equipment Industry, Agriculture Equipment Market Competition, Best Seller Harrow Philippines, Best Seller Harvester Philippines, Best Seller Tractor Philippines, Case IH Revenue Philippines, Challenges Philippines Agriculture Equipment, CNH (Case IH & New Holland) Philippines, CNH Tractor Philippines, Combine Harvester Best Selling Philippines, Combine Harvester Sales Philippines, Combine Harvesters Sales Analysis Philippines, Combine Harvesters Sales Philippines, Competition Analysis Agriculture Equipment Market, Customer Pain Points Agriculture Equipment Market, Drone Technology Philippines, Equipment Financing Philippines, Equipment Lease Philippines, Export Tractors Philippines, Farm Equipment Market Philippines, Farm Equipment Players Philippines, Farm Machinery Market Philippines, Farm Mechanization in Philippines, Farmer Magazine Philippines, Farmers Monthly Philippines, Government Licenses for Agriculture Equipment Import, Harvester Financing Philippines, Harvester Lease Philippines, Harvester Rental Philippines, Import Tractors Philippines, John Deere Philippines Agriculture Equipment Market Share, John Deere Philippines Revenue, John Deere Revenue Agriculture Equipment, John Deere Tractor Philippines, Kubota Asia Agriculture Equipment Market Share, Kubota Philippines Agriculture Equipment Market Share, Landini Philippines Agriculture Equipment Market Share, Landini Philippines Equipment, Luzon Agriculture Equipment Market, Machine Rental Space Philippines, Major Combine Harvester Type, Major Farm Equipment Distributer Philippines, Major Farm Equipment Exporter Philippines, Major Farm Equipment Importer Philippines, Major players Philippines Agriculture Equipment Market, Major Trends Philippines Agriculture Equipment, Massey Ferguson Philippines Agriculture Equipment Market Share, Massey Ferguson Philippines Revenue, McCormick Philippines Agriculture Equipment Market Share, Mindanao Agriculture Equipment Market, Philippines Agricultural Equipment Industry Research Report, Philippines Agricultural Equipment Market Research Report, Philippines Agriculture Equipment Future Analysis, Philippines Agriculture Equipment Import, Philippines Agriculture Equipment Industry, Philippines Agriculture Equipment Market Revenue, Philippines Agriculture Equipment Sales Volume, Philippines Agriculture Machinery Market, Philippines Agriculture Machinery Market Sales, Philippines Agriculture Robots, Philippines Combine Harvesters Market Size, Philippines Farm Ownership Structure, Philippines Harvester Market Sales, Philippines Tractor Market, Philippines Tractor Market Sales, Planters and Seeders Market Philippines, Regulations Agriculture Equipment, Sprayers Market Philippines, Target Industries Agriculture Equipment Market, Tillage Equipments Market Philippines, Tractor Best Selling Philippines, Tractor Financing Philippines, Tractor Horse Power Philippines, Tractor Lease Philippines, Tractor Major Companies, Tractor Major Type Philippines, Tractor Market Analysis, Tractor Market Philippines Future, Tractor Rental Philippines, Tractor Sales Philippines, Trade Scenario Agriculture Equipment, Visayas Agriculture Equipment Market