Government Initiatives for Modernizing the Agriculture Process and Ease of Financing will boost the Growth in the Myanmar Agriculture Equipments Market: 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 Key Findings Power tillers, tractors and threshers are the most common equipment’s used in the Myanmar agriculture machinery segment. Out of these, Power Tillers are the most selling agricultural equipment in the region. The agriculture equipment market in Myanmar is currently exclusively import dependent. The Ministry of Commerce, effective from November 2017, granted the permission for joint ventures (JVs) between foreign and domestic companies to import and sell agricultural machinery. Central Region consisting of Dry Zone of Magway and Mandalay area and Delta Zone of Bago, Yangon, Ayeyarwady and Mon State has the highest demand for agricultural equipments in Myanmar. The region will witness a CAGR of ~10% growth in demand for tractors during 2020-2025. Shortage of Skilled Farm Labour and Increasing Wages: The daily farm workers in rural parts of Myanmar are shifting to work in construction activities in urban regions such as Yangon and Ayeyarwady. Moreover, some workers are shifting to foreign locations such as Thailand and Cambodia in order to work in tobacco factories, as they offer better monetary opportunities. This has led to shortage of skilled labor in the region, which has driven the wages upwards. Therefore, farmers are upgrading to using equipments such as Tractors and Combine Harvesters, as they are more cost and time efficient. Further, this helps in increasing the yield and productivity. Low Down Payments and Ease in Financing: Farmers can easily procure agricultural machinery such as Tractors and Combine harvesters by paying a small down payment of 10% and getting 2-3 years loan on semi-annual payment basis. This has helped in attracting farmers, and increasing the penetration for farming equipments in the region. Government Efforts for Modernizing the Agriculture: Government is promoting sustainable agriculture mechanization through Agriculture Mechanization Department (AMD). It is focusing on – modernizing farmland through proper farm roads, drainage, irrigation network and other facilities, increasing the machinery usage for pre and post harvesting activities, enabling local farmers to buy tractors and educating farmers on different agriculture aspects and techniques. Many other initiatives other than this have been undertaken for improving the productivity in the country. The report titled “Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government’s Focus on Agriculture Mechanization in the Country” by Ken Research provides a comprehensive analysis on the performance of the agriculture machinery market in Myanmar. The report covers various aspects including sales value, volume, trends & developments, issues & challenges faced by the industry, competition landscape, financing players, and others. It also covers the country overview, regulatory framework, agricultural overview of Myanmar, land under cultivation, changes in the cropping patterns, farm holding structure & scale of mechanization. The report concludes with the projections for the future of industry including forecasted sales value and volume; future projections by product type and regional demand by the year ending 2025, COVID-19 impact, and analyst recommendations highlighting the major opportunities and cautions in the industry. The market is expected to register a positive six year CAGR of 25.1% and 27.1% in terms of sales value and volume respectively during the forecast period 2020-2025. Tractors market, combine harvesters market and implements market in Myanmar is further expected to grow at revenue CAGR of 30.0%, 18.0% & 27.3% respectively and volume CAGR of 30.0% & 18.0% respectively during forecast period 2020-2025. Key Segments Covered: Total Myanmar Agriculture Machinery Market: By Product Type Tractors Combine Harvesters Implements Myanmar Tractor Market By Product Type Two Wheeler Tractor Four Wheeler Tractor By Power Less than 40HP From 40HP to 70HP Above 70HP By State North Central South Myanmar Combine Harvester Market By State North Central South Companies Covered Kubota Myanmar Co., Ltd. Sonalika Yanmar Myanmar Co., Ltd. New Holland John Deere Mahindra Chinese Players (Dongfeng, Iseki, Shifeng, Yto, Wuzheng Group and Others) Key Target Audience Agriculture Equipment Manufacturing Companies Industry Associations Regulatory Bodies Financing Companies Agriculture Equipment Distributors & Authorized Dealerships Time Period Captured in the Report:- Historical Period – 2014-2020 Forecast Period – 2020-2025 Key Target Audience Agriculture Equipment Manufacturing Companies Industry Associations Regulatory Bodies Financing Companies Agriculture Equipment Distributors & Authorized Dealerships Key Topics Covered in the Report:- Executive Summary Country Overview Agriculture Overview in Myanmar How do Farmers operate in Myanmar? Supply Side of Myanmar Agriculture Machinery Market Myanmar Tractors and Combine Harvesters Market, 2014-2025 Snapshot on Rental Agriculture Equipment Business in Myanmar Snapshot on Second Hand Machinery Market in Myanmar Financing for Agriculture Machinery in Myanmar Comparative Landscape in Myanmar Agriculture Machinery Market Impact of COVID-19 on Myanmar Agriculture Machinery Market Myanmar Future Outlook & Projections, 2020-2025 Analyst Recommendations For More Information on the Research Report, refer to below links: – Myanmar Agriculture Machinery Market Related Reports by Ken Research 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” US Tractor and Combine Harvesters Market Outlook to 2024 – By Tractor Type (2WD and 4WD), By Tractor HP (<40 HP, 40-100 HP and >100 HP) and By Combine Harvester HP (Upto 250 HP, 250-350 HP and Above 350 HP) 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) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: 2nd Hand Agriculture Equipment Scenario in Myanmar, Agriculture Implements Market in Myanmar, Agriculture Machinery Industry in Myanmar, Agriculture Machinery Market, Agriculture Machinery Market in Myanmar, Average Distributor Margin Myanmar, Bringing Precision Farming in Myanmar, Combine Harvesters Sales Revenue in Myanmar, Competition Scenario in Myanmar Agriculture Equipment Market, Covid-19 Impact Myanmar Agriculture Machinery Industry, Covid-19 Impact Myanmar Agriculture Machinery Market, Covid-19 သက်ရောက်မှုမြန်မာစိုက်ပျိုးရေးစက်ပစ္စည်းစျေးကွက်, Daily Wage of Farmers in Myanmar, Domestic Agriculture Equipment Brands Myanmar, Dominance of Second Hand Tractors in Myanmar, Farm Labor Wages in Myanmar, Farmer Training Provider in Myanmar, Farming Systems Adopted in Myanmar, Financing for Agriculture Equipment in Myanmar, Government Budget Allocation to Agricultural Sector, Import Duties Myanmar Agricultural Machinery, Industry Research Report of Myanmar Agriculture Machinery, International Agriculture Equipment Brands Myanmar, Kubota Myanmar Agricultural Machinery Market Revenue, Major Cash Crops Produced in Myanmar, Major Crop Cycle in Myanmar, Major Rice producing Regions in Myanmar, Major Staple Crops Produced in Myanmar, Market Research Report of Myanmar Agriculture Machinery, Myanmar 2W Tractors Market Revenue, Myanmar 4W Tractors Market Growth, Myanmar Agribusiness Tools Provider Market, Myanmar Agricultural Machinery Market Competition Benchmarking, Myanmar Agricultural Mechanization, Myanmar Agriculture Equipment Market Challenges, Myanmar Agriculture Equipment Market Competition Landscape, Myanmar Agriculture Equipment Market Competition Parameters, Myanmar Agriculture Equipment Market Competition Share, Myanmar Agriculture Equipment Market Competition Structure, Myanmar Agriculture Equipment Market Future Revenue, Myanmar Agriculture Equipment Market Import Regulations, Myanmar Agriculture Equipment Market Size, Myanmar Agriculture Equipment Market Trends, Myanmar Agriculture Equipment Market Value Chain, Myanmar Agriculture Equipment Sales Value, Myanmar Agriculture Equipment Sales Volume, Myanmar Agriculture Machinery Industry, Myanmar Agriculture Machinery Industry Research Report, Myanmar Agriculture Machinery Manufacture Market, Myanmar Agriculture Machinery Market, Myanmar Agriculture Machinery Market Analysis, Myanmar Agriculture Machinery Market Forecast, Myanmar Agriculture Machinery Market Growth, Myanmar Agriculture Machinery Market Major Players, Myanmar Agriculture Machinery Market Research Report, Myanmar Agriculture Machinery Market Revenue, Myanmar Agriculture Machinery Market Shares, Myanmar Agriculture Machinery Supplier Market, Myanmar Average Farmer Smallholder Household, Myanmar Combine Harvesters Market Share, Myanmar Combine Harvesters Market Size, Myanmar Implements Market Size, Myanmar Tractors Market Future, Myanmar Tractors Market Share, Myanmar Tractors Market Size, Power Tillers Market Share, Quick Myanmar Sales Volume, Regulatory Landscape in Myanmar Agriculture Equipment Market, Rental Agriculture Equipment Scenario in Myanmar, Tractors sales Growth in Myanmar, Trade Scenario of Food Crops in Myanmar, Yanmar Myanmar Market Share, စိုက်ပျိုးရေးစက်ပစ္စည်းစျေးကွက်, မြန်မာ့စိုက်ပျိုးရေးစက်ပစ္စည်းစျေးကွက်, မြန်မာနိုင်ငံရှိစိုက်ပျိုးရေးစက်ပစ္စည်းဈေးကွက်