From Plows to High-Tech Machinery: Will Myanmar’s Agriculture Market sustain positive growth in the future?: Ken Research Myanmar Agriculture equipment has been growing with a growth rate of 25% between 2014 and 2020. The growth is attributed to rising labor wages in the country and increasing government initiatives toward the development of the agriculture equipment industry. However, the market has several growth restraints that hold back its growth. So, what does the… Read More »
The Myanmar Agriculture Machinery Market is eying to become an MMK 200 bn market by 2026. Will Myanmar be able to achieve that mark? Ken Research Due to COVID-19 Outbreak, OEMs were unable to deliver new orders. Due to this, dealers faced low availability of machines, spares, and attachments. Major Product Categories witnessed a decline in sales between 4-12% on the basis of volume and value. The government’s increased focus on agriculture mechanization in the country is expected to increase the… Read More »
Growth In Machinery Supply And Government’s Focus On Agriculture Mechanization Will Boost The Growth Of The Agriculture Machinery Market In Myanmar – Ken Research 1. Myanmar’s Agriculture Equipment market grew at a CAGR of ~25% during 2014- 2020 and is expected to rise more in the next few years. To Know More about this report, download a Free Sample Report Myanmar heavily relies on the agriculture sector which dominates the majority of its export. Both annual crops (oilseeds, vegetables, paddy… Read More »
