The Philippines Used Tractor Market is growing owing to Increased Farm Mechanization and Digitization, Increase in Purchasing Power and Government Initiatives: 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 Focus on Modernization in Technology and Dominated by Low Engine Power Tractors Are Major Factor Contributing towards development of used tractor market in Philippines. Demand for Used Tractor: New tractors are expensive due to import based tractors and limited local manufacturing. Subsidiary program is just on paper less incentive for mechanization. Thereby raising demand for Used Tractors. Farmers in the Philippines are mostly marginal, and their per capita income is also low. Because their tiling area is small, they have no incentive to purchase a new tractor, so they buy used, which has increased its sales. Rural Urban Gap: Inadequate services & low financial resources lead to migration of rural population towards urban in search of a better opportunities which creates a substantial decline in the manual farm labors and has turned out to be a serious matter of concern for the Philippines countries. Government Initiatives: Government Initiatives like Production Loan Easy Access, Agricultural Competitiveness Enhance Fund and Survival and Recovery Scheme Smart Plant Production in Controlled Environment are focusing on the adoption of techniques such as cryopreservation. Sale Distribution Channels: Since the market is mostly unorganized so people prefer buying used tractors from their already trusted sources leading to maximum numbers of products via offline mode. Tractors are sold via Auction only when the buyer has less idea about the seller but can cross check the quality before buying. Around 68.0% of the population uses internet in Philippines leading to Used Tractors market using online sources to sell their products. Analysts at Ken Research in their latest publication “Philippines Used Tractor Market Outlook to 2027F- Driven by Modernization in Technology and Dominated by Low Engine Power Tractors” by Ken Research observed that Used Tractors market is an emergent vehicle market in Philippines at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for used tractor, online platforms for purchasing with government initiatives is expected to contribute to the market growth over the forecast period. The market in terms of revenue is expected to grow at a 13.0% CAGR during 2021-2027F owing to the increase in demand for Farm Mechanization and lower price then new tractors. Key Segments Covered in the report:- Philippines Used Tractor Market By Power Less than 30 HP 31-60HP 60-100 HP 100 HP + By Revenue Agriculture Construction By Region Luzon Visayas Mindanao By Distribution Channel Offline Channel Online Channel Financial Institution/Auction By Usage Less than 500 hours 501-1500 Hours 1501-3000 Hours 3001-5000 Hours 5000+ Hours By Price Less than 300,000 Pesos 3 00,01- 400,000 Pesos 500,00-600,000 Pesos 700,00+ Pesos Key Target Audience:- OEMs Multi-Brands Online Used Tractor Portals Used Tractor Financing Companies Government Bodies Investors & Venture Capital Firms Importers/ Dealer or Seller/Company Construction Companies Time Period Captured in the Report:- Historical Period: 2017-2021 Forecast Period: 2021-2027F Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTM5 Companies Covered:- John Deere(global) New Holland (Global) Yanmar Philippines Corporation Kubota Philippines (KAMPI) HMR Philippine Adamco Westen Power Machineries Fill Holland Land Bank ORIX METRO Leasing and Finance Pen bank Agronomika finance My Benta Used Tractorousell Key Topics Covered in the Report:- How is Used Tractor Market Positioned in Philippines? Country Overview of Philippines Philippines Population Analysis Road Transport Overview of Philippines Philippines Agricultural Sector Overview Trade Statistics of Philippines Agriculture Ecosystem of Major Entities in Philippines Used Tractor Market Overview and Genesis of Used Tractor Market in Philippines Value Chain Analysis Customer Journey in buying of Used Tractor Role of Entities in Value Chain Analysis of Philippines Used Tractor Market Sourcing of Used Tractors for Dealers in Philippines Lead generation for Used Tractors in Philippines Step- by-step Sales Process of Used Tractor in Philippines Second hand tractor Loan amount disbursed via official/organized lending channels, 2017 – 2026F Used Tractor Sales and Prices, 2017 – 2021 Used Tractor Revenue, 2017 – 2021 Market Sizing and Segmentation of Used Tractor Market in Philippines (By Power, By Purpose, By Region, By Sale/ Distribution Channel, By Usage and By Price) Trends in Philippines Used Tractor Market, 2021 Issues and Challenges in the Used Tractor Market SWOT Analysis of Philippines Used Tractor Market Porter’s Five Forces Analysis of Used Tractor Market Customer Pain points in Philippines Used Tractor industry Buying Criteria of the Customers Selling Criteria Used by the Players Growth Drivers of the Used Tractor Market Market share of major Used Tractor Companies, FY 2021 Cost Sheet of Major Players Philippines Used Tractor Market Future Outlook, 2021 – 2026F Philippines (By Power, By Purpose, By Region, By Sale/ Distribution Channel, By Usage and By Price) Future Trends and the Way Forward – Philippines Used Tractor Market For more information on the research reports, refer to below link:- Philippines Used Tractor Market Related Reports:- Thailand Used Tractor Market Outlook to 2027F – Driven by Technological Advancements and Dominated by Low Engine Power Tractors India Tractor Market Outlook to 2025- By Vehicle Category (Agriculture and Commercial), Registration by Region (North, East, West, South) and Registration by State Tags: Agri-Fintech Startups in Philippines, Business Opportunity in Used Tractor Market Philippines, Challenges in Philippines Used Tractor Market, Competitors in Philippines Used Tractor Market, Demand of Used Tractors in Philippines, Emerging Companies in Philippines Used Tractor Market, Financing of Used Tractors Philippines, HMR Philippine Used Tractor Market Revenue, Investors in Philippines Used Tractor Market, John Deere Used Tractor Market Revenue, Kubota Philippines (KAMPI) Used Tractor Market Sales, Leading Players in Philippines Used Tractor Market, Luzon Used Tractor Market, Major Players in Philippines Used Tractor Industry, Major Used Tractor Companies in Philippines, Mindanao Used Tractor Market, Multi-Brands Used Tractor Market Philippines, New Holland (Global) Used Tractor Market Sales, On-Demand Used Tractor Services in Philippines, Online Used Tractor Companies in Philippines, Online Used Tractor Platforms in Philippines, Online Used Tractor Portals In Philippines, Philippines Pre Owned Tractor Market, Philippines Second Hand Tractor Market, Philippines Used Tractor Industry, Philippines Used Tractor Leasing Market Players, Philippines Used Tractor Loan Service Market, Philippines Used Tractor Market, Philippines Used Tractor Market Growth, Philippines Used Tractor Market Key Players, Philippines Used Tractor Sector, Philippines Used Tractors Sales, Repossessed Tractor Market Philippines, Startups in Philippines Used Tractor Market, Top Tractor Manufacturers in Philippines, Top Used Tractor Manufacturers in Philippines, Total Volume Sales of Used Tractor in Philippines, Tractor Reseller Dealers in Philippines, Used Tractor Auction House in Philippines, Used Tractor Auction Market Philippines, Used Tractor Dealers in Philippines, Used Tractor Domestic Players Philippines, Used Tractor Finance Companies in Philippines, Used Tractor Finance Market in Philippines, Used Tractor Financial Institutions in Philippines, Used Tractor Financing Companies in Philippines, Used Tractor Loan Providers in Philippines, Used Tractor Major Classifieds Platforms Philippines, Used Tractor Major Local Dealers in Philippines, Used Tractor Rental Business in Philippines, Used Tractor Sales Philippines, VC Firms in Philippines Used Tractor Market, Visayas Used Tractor Market, Yanmar Philippines Corporation Used Tractor Market Revenue