Philippines Used Tractor Market Outlook to 2027F

The report titled “Philippines Used Tractor Market Outlook to 2027F - Driven by Modernization in Technology and Dominated by Low Engine Power Tractors” provides a comprehensive analysis of the Used Tractors market in Philippines. The report covers overview and genesis of the industry, service wise market size; market segmentations; analysis on Used Tractors market; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and cost sheet of major market players in Philippines. The report concludes with future market projections of each service segmentation and Analyst recommendations to win the Used Tractors Industry in Philippines.

Philippines Used Tractor Market Overview

Philippines Used Tractor Market has experienced an irregular growth rate over the period 2017-2021, with a sudden rise in 2020 during COVID-19 and certain regulations imposed by the Government of Philippines that interfered in the normal functioning of the industry.

Philippines Used Tractor Market Size and Segmentations

The Philippines Used Tractor Market has increased at a Single digit CAGR in terms of number of tractors sold during 2017 to 2021 due to the need for more used tractors, shift from traditional to modern agriculture, no incentive to purchase new tractor that is driven by trend for used tractors. The Philippines Used Tractor Market experienced growth in 2021 due to increase in demand for used tractors. Factors such as the increased construction demands, Increasing Popularity of Used Tractors, high price of new imported tractors driving the overall Used Tractors Market in Philippines.

Philippines Used Tractor Market Segmentations:

By Power: The horsepower range (31-60 HP) is the one that is used maximum as it provides options for using backhoe attachments and front-end loaders. The Hp range supports the small-scale field cultivation.

By Revenue: Due to its terrain and tropical climate condition, farming and fisheries have been the largest agricultural sub-sectors in the Philippines. Crop production, particularly of sugarcane, palay or rice, coconut, and bananas were among the highest nationwide and were also among the top export products.

By Region: Mindanao occupies the largest market share as the area is under constant terror threat that hampers the development of the region and ultimately increases the demand used tractor in the region.

By Distribution Channel: 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.

By Usage: Tractors used for 501-3000 hours are sold the most and constitute about more than half of the market share.

By Price: Tractors that cost less than PHP 400,000 comprise around 3/4^th of the total sales of used Tractors. Whereas, a very small percentage of sale is contributed by Tractors that costs more than PHP 700,000.

Comparative Landscape in Philippines Used Tractor Market:

The Used Tractor Market in Philippines is Consolidated with presence of multiple players in the industry. Kubota is the top player in the organized segment. The unorganized segment has many tractors providers that all together contribute to the majority of market share. Other companies have comparatively lower market share while the market is being highly dominated by only a few companies. The key competitive parameters include Brand, Price and Model.

Philippines Used Tractor Market Outlook and Projections:

Philippines Used Tractor market is expected to increase at a double digit CAGR during the period 2021 – 2027F in terms of sales volume, owing to new government policies, rise in disposable income in the country. The market is expected to grow owing to the inclination of population towards lower prices and growing agricultural productivity.   

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