Vietnam Agricultural Machinery Market, Vietnam Agricultural Machinery Industry: 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 How is the Vietnam Agricultural Equipment Market Positioned? Overview: Mechanization levels in Vietnam have increased considerably over the period 2014-2020. Soil preparation and harvesting for all the major cops in the country are more mechanized now compared to 2014. Mechanization levels are expected to incline further over the next few years and reach a benchmark level by the year 2030. Mekong Delta and Red River Delta are the most mechanized areas of the country as of 2020. Vietnam imports majority of machinery and equipment for agriculture, mainly from China, Japan, and Korea. The competitiveness of domestic machines is also low because the cost is higher than imported products. Also, due to lack of solid basis in metallurgy, the domestic players are not able to provide the same quality as that of Japanese and Korean players. Market: Market for agricultural machinery in Vietnam has enhanced by a CAGR of ~% over the period 2014-2020. Sales for new Combine Harvesters, Transplanters, Tractors and implements were recorded at ~ in Vietnam during 2020. Sales revenue amounted to VND~ million in 2020. Increasing demand for food, reduction in post harvest losses, shortage of labour, extreme climatic conditions and signing of free trade agreement with various countries are the main reasons behind positive growth in agricultural machinery revenue. However, the agriculture in the country is constantly affected by drought and salt water intrusion which hampers the growth of this market. Vietnam Agricultural Machinery Market Segmentation By Product Type: Tractors market dominated the agricultural equipment industry in Vietnam in 2020 on the basis of value and volume. This is majorly due the fact that their use is not limited to agriculture and can be used for transport of agri-produce as well. Tractor Market By Type: Majority of the market is dominated by 2 wheel tractors in terms of volume, majorly due to their low price. However 4 wheel tractors with lower HP are replacing the hand tractors. Tractor Market By Power: The market for agricultural tractors has witnessed a gradual change over the period 2014-2020. Use of tractors 12 HP or below has declined over the period 2014-2020 while use of larger tractors has increased during this period. Tractors of power between 12 HP to 35 HP has accounted for the largest share. By Region of Tractor Sales: Demand for 2W tractor was observed to be highest in Northern Midlands and Mountains. Red River Delta experienced decline in demand due to increasing fragmentation of land in the region which inhibits farmers to purchase new equipments. Combine Harvester Market By Region: Mekong Delta has the highest number of Combine Harvester owing to higher land holding farm size. Other regions prefer to rent a combine harvester owing to its high price. Rice Transplanter Market By Region: Mekong Delta has the highest number of Rice Transplanters owing to higher land holding farm size. Implements Market By Type: Demand for tractor implements is complimentary to the sale of 2W & 4W tractors since majority of farmers procure implements along with tractors. Rotavator & Ploughs are the most preferred and demanded tractor implement as they help in seedbed preparation and ploughing of land. Competition Scenario In Vietnam Agricultural Equipment Market The Vietnam agricultural equipment market is concentrated among top 2 major manufacturers (Kubota and Yanmar) accounting for ~% of the sales volume for 4W Tractors, ~% of the sales volume for 2W Tractors, ~% for Combine Harvesters and ~% for Rice Transplanters in 2020. Both domestic as well as foreign companies have entered the market over the past five years to tap the potential in this sector. These players compete on parameters Product Portfolio, Distribution Network, Pricing, Discounts, and Geographical Location, value Added Services, Collaborations & Partnerships and After Sales Service. Vietnam Agricultural Machinery Market Future Outlook and Projections The agricultural machinery market in Vietnam is expected to grow at a CAGR of ~% on the basis of revenue and ~% on the basis of volume over the forecast period 2020-2025. However, the growth was slightly constrained in the year 2020due to the COVID-19 pandemic. This is likely to effect the growth in the year 2021 as well. Market has been anticipated to pick up from 2022 and growth significantly over the period 2022-2025. Companies are expected to focus on wider distribution network including expansion to northern midland and mountains and invest in research and development to come up with innovative products. The forecast period is also expected to witness collaboration or acquisitions among foreign and domestic players in the industry. Key Segments Covered:- By Product Type Tractors (2W and 4W) Combine Harvesters Rice Transplanter Implements By Tractor Segment Upto 12 Hp Between 12-35 Hp Above 35 Hp By Region of Sales Mekong Delta Red River Delta Northern Midlands and Mountains North Central and Central Coast Central Highlands South East By Implement Segment Rotavator Plough Harrow Fertilizer Spreaders Others Companies Covered:- Kubota Vietnam Yanmar Vietnam VEAM (Vietnam Engine and Agricultural Machinery Corporation) Thaco (LS Mtron) 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 Time Period Captured in the Report:- Historical Period – 2014-2020 Forecast Period – 2021-2025 For More Information on the research report, refer to below link:- Vietnam Agricultural Machinery Market Related Reports:- 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 & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market Philippines Agricultural Equipment Market Outlook to 2023- By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), 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) 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) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Agricultural Equipment Domestic Players Vietnam, Agricultural Equipment Foreign Players Vietnam, Agricultural Equipment Rent Vietnam, Agricultural Machinery Industry In Vietnam, Agricultural Machinery Market In Vietnam, Combine Harvester Sales Vietnam, Covid-19 Impact Vietnam Agricultural Machinery Industry, Covid-19 Impact Vietnam Agricultural Machinery Market, Doanh thu thị trường máy nông nghiệp Kubota Việt Nam, Doanh thu thị trường máy nông nghiệp Việt Nam, Evaluation Study Vietnam Agricultural Machinery Market, Evaluation Summary Report Vietnam Agricultural Machinery Market, Evaluative Survey Vietnam Agricultural Machinery Market, Financing of Agricultural Equipments Vietnam, Financing of Agricultural Machinery Vietnam, Industry Research Report Of Vietnam Agricultural Machinery, Interest Rate on Agricultural Machines Vietnam, Kubota Vietnam Agricultural Machinery Market Revenue, Market Research Report Of Vietnam Agricultural Machinery, Number of Agricultural Equipment Companies in Vietnam, Number of Online Agricultural Equipment Companies in Vietnam, Region with Highest number of Combine Harvesters Vietnam, Region with Highest number of Rice Transplanter Vietnam, Region with Highest number of Tractors Vietnam, Rice Transplanter Sales Vietnam, Second Hand Agricultural Equipment Vietnam, Social Evaluation Research Vietnam Agricultural Machinery Market, Thaco (LS Mtron) Agricultural Machinery Market Shares, Thị trường máy nông nghiệp Việt Nam, Thị trường Máy thu hoạch Liên hợp Việt Nam, Thị trường thiết bị nông nghiệp Việt Nam, Thị trường triển khai Việt Nam, VEAM (Vietnam Engine and Agricultural Machinery Corporation) Agricultural Machinery Market Size, Vietnam Agricultural Equipment Companies, Vietnam Agricultural Equipment Distributors, Vietnam Agricultural Equipment Financing Companies, Vietnam Agricultural Equipment Manufacturers, Vietnam Agricultural Equipment Market, Vietnam Agricultural Equipment Market Competition, Vietnam Agricultural Equipment Market Size, Vietnam Agricultural Machinery Due Diligence Report, Vietnam Agricultural Machinery Growth Strategy Market Report, Vietnam Agricultural Machinery Industry, Vietnam Agricultural Machinery Industry Research Report, Vietnam Agricultural Machinery Market, Vietnam Agricultural Machinery Market Analysis, Vietnam Agricultural Machinery Market Competition, Vietnam Agricultural Machinery Market Competition Benchmarking, Vietnam Agricultural Machinery Market Evaluation Report, Vietnam Agricultural Machinery Market Forecast, Vietnam Agricultural Machinery Market Future Outlook, Vietnam Agricultural Machinery Market Growth, Vietnam Agricultural Machinery Market Major Players, Vietnam Agricultural Machinery Market Research Report, Vietnam Agricultural Machinery Market Revenue, Vietnam Agricultural Machinery Market Revenue Forecasting, Vietnam Agricultural Machinery Market Shares, Vietnam Agricultural Machinery Market Size, Vietnam Agricultural Machinery Market Trends, Vietnam Combine Harvesters Market, Vietnam Combine Harvesters Market Size, Vietnam Implements Market, Vietnam Rice Transplanters Market Future Outlook, Vietnam Rice Transplanters Market Size, Vietnam Tractors Market Future, Write An Evaluation Report On Vietnam Agricultural Machinery Market, Yanmar Vietnam Agricultural Machinery Market Sales