Vietnam Agricultural Machinery Market Outlook to 2020
Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth
Region:Asia
Product Code:KR394
May 2016
136
About the Report
The report titled "Vietnam Agricultural Machinery Market Outlook to 2020 - Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth" provides a comprehensive analysis of the agricultural machinery market in Vietnam. The report covers aspects such as the market size on the basis of sales volume and revenue for tractors, combine harvesters, rice transplanters and tractor implements (rotavators, disk harrows, disk ploughs, fertilizer spreaders and others). The segmentation for Tractors, Combine Harvesters and Rice Transplanters has been created on the basis of Horsepower while the segmentation for Tractor Implements has been showcased by products. The report also covers the market share, competitive landscape and working business model of major manufacturers, along with warranty policies and distribution channels of agricultural equipments. In addition to this, the report also covers the country overview, government regulation and agricultural overview of Vietnam. GDP, per capita income and population demographics are analyzed in country overview. Land under cultivation, changes in cropping patterns, farm holding structure and scale of mechanization are covered in agricultural overview. Regulatory policies, the import duty structure, certification and emission standard, subsidies and financing options are covered in government regulation. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Sales of new two wheel tractors in Vietnam were recorded at ~ units in 2015. This has resulted in a revenue generation of USD ~ million in 2015. Usage of 7-12 HP agricultural tractors in Vietnam has declined as the average farm size and horse power requirement of people in the county has enhanced. Two wheel tractors/power tillers of category 12-26 HP have accounted for a sales volume share of ~ % in Vietnam during 2015.
Combine harvester market has been the second largest segment of the agricultural equipment market of Vietnam over the period 2010-2015. The market for combine harvesters in the country has alleviated from USD ~ million in 2010 to USD ~ million in 2015. Such growth in revenues has projected CAGR of ~ % over the period 2010-2015. Sale of new combine harvesters in Vietnam has been reported at ~ in 2015.
Kubota is the most dominant player in the agricultural machinery market of Vietnam as of 2015. Their business model in a nutshell can be simply described as ‘manufacture and sell through a large dealer network’. Yanmar’s business model in Vietnam is considerably different from Kubota. Yanmar does not have a manufacturing facility in Vietnam and therefore follows an ‘import oriented business model.’For agricultural machinery, VEAM follows an import oriented business model. VEAM is in collaboration with Iseki of Japan, which acts as the provider of all its agricultural products. It imports CKD Iseki tractors from Japan and sells in Vietnam.
As of 2015, ~ % of the machinery in Vietnam is owned, while the remaining ~ % is hired. As of 2015, Private households own ~ % of four-wheel tractors (with capacity more than 35 hp), ~ % of 12-35 hp tractors, ~ % of two-wheel tractors (with capacity under 12 hp). The remaining share has been accounted by enterprises, cooperatives, and farms.
It is essential to understand the decision making process of farmers in the procurement of agricultural equipments. Region and land holding size are the primary factors that determine the type of agricultural machines a farmer would like to purchase. Apart from this, certain secondary factors such as the type of crop, fuel efficiency of the desired equipment, cost of implements, brand and the credit availability will determine the quantity and types of machinery that would be demanded by the farmer. Usage pattern of farm equipments play an essential role in understanding the intensity of farming that occurs in a given year. It has been estimated that tractors are used for ~ to ~ hours a year. On an average, the tractors used for agriculture in Vietnam have a lifespan of ~ hours. Combine harvesters are used only during the harvest season due to which their average usage a year amounts to ~ to ~ hours. Rice can be planted and harvested a maximum of 2-3 times a year due to which the usage pattern for Rice Transplanters ranges from ~ to ~ hours a year.
- The Gross Domestic Product on the Basis of Nominal and Purchasing Power Parity (PPP) in Vietnam, 2010-2015, 2016, 2020 and 2015
- Key Factors Expected To Drive Growth in GDP
- Contribution to GDP of Vietnam by Agriculture, Manufacturing and Service Sector, 2010-2020
- The Population Dynamics in Vietnam on the Basis of Rural to Urban and Agriculture to Non-Agriculture, 2010-2020
- The GDP Per Capita on the Basis of Nominal and Purchasing Power Parity (PPP) in Vietnam, 2010-2015, 2016, 2020 and 2015
- The Logistics Cost for Transporting a Tractor by Road in Vietnam, 2015
- Total Land Under Cultivation and Distribution by Major Crops (Rice, Cassava, Rubber and Sugarcane)
- Changing Cropping Pattern in Vietnam and Factors Driving Change
- Nature of Ownership[, Farm Holding Structure and Regulatory Policies Impacting Farm Holding Structure in Vietnam
- Agricultural Practice in Vietnam on the basis of Scale of Mechanization, Extensive and Intensive and Irrigated Land
- Government Policy impacting the Agricultural Equipment Market in Vietnam on the basis of Import Duty Structure, Subsidies, Taxes Certification and Emission Standards
- Vietnam Agricultural Equipment Market Size on the Basis of Revenue in USD Million and Sales in Units, 2010-2015
- Vietnam Agricultural Equipment Market Segmentation By Major Products on the Basis of Revenue in USD Million, 2010 and 2015
- Vietnam Tractor Market Size on the Basis of Revenue in USD Million and Sales in Units, 2010-2015
- Vietnam Tractor Market Segmentation by Power on the Basis of Sales Volume, 2010-2015
- Vietnam Combine Harvester Market Size on the Basis of Revenue in USD Million and Sales in Units, 2010-2015
- Vietnam Combine Harvester Market Segmentation by Power on the Basis of Sales Volume, 2010-2015
- Vietnam Rice Transplanter Market Size on the basis of Revenue in USD Million , 2010-2015
- Vietnam Rice Transplanter Market Segmentation by power on the Basis of Sales Volume, 2010 and 2015
- Vietnam Tractor Implements Market Size on the Basis of Revenue in USD Million, 2010-2015
- Vietnam Tractor Implements Market Segmentation By Major Products
- Market Share and competitive Landscape of Leading Manufacturers in Vietnam Agricultural Equipment Market on the Basis of Sales Volume in Units, 2015
- Competitive Landscape of Major Manufacturers in Vietnam Agricultural Equipment Market, 2015
- Price Range for Agricultural Equipments in Vietnam - Dealer Price and Retail Customer Price, 2015
- Tractor and Tractor Implements Channel Strategies in Vietnam
- After Sales Warranty and Support Policies for Agricultural Equipments in Vietnam, 2015
- Export-Import of Agricultural Equipments in Vietnam, 2010-2015
- Decision Making Process and Usage Pattern for Agricultural Equipments in Vietnam, 2015
Products
Companies
Table of Contents
1. Executive Summary
Country Overview
Agricultural Overview
Government Policy Impacting the Tractor and Agricultural Implement Market
Market for Tractors and Implements
Customer Insights
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Consolidated Research Approach
Market Sizing - Agricultural Equipments
Limitations
3. Country Overview
3.1. Gross Domestic Product of Vietnam
Past Outlook 2010-2014
Current Outlook (2015)
Future Outlook (2016, 2020 and 2025)
3.2. Distribution of GDP by Agriculture, Manufacturing, Services
Past and Current Outlook (2010-2015)
Future Outlook (2016-2020)
3.3. Demographics
3.3.1. Rural and Urban Population
Past and Current Outlook
Future Outlook (2016-2020)
3.3.2. Farming and Non Farming
Past and Current outlook (2010-2015)
Future Outlook (2016-2020)
3.4. Per capita income in US$ and on a PPP basis in Vietnam
Past Outlook (2010-2014)
Current Outlook (2015)
Future Outlook (2016, 2020, 2025)
3.5. Logistics Cost For Agricultural Machinery in Vietnam (Sea Freight and Road Freight)
4. Agricultural Overview
4.1. Total Land Under Cultivation and distribution by Major Crops
Total Land Under Cultivation
Land under Cultivation of Major Crops in Vietnam
4.2. Changes in Cropping Patterns of Major Crops and Factors Driving Change
4.2.1. Long Run Outlook (2050-2100)
4.2.2. Short Run Outlook (2016-2020)
Rice
Coffee
Maize
4.3. Farm Holding structure
Number of Farms in Vietnam, 2011-2015
Land Holding Size
4.4. Key regulatory policies impact farm holding structure
Positive Impact
Negative Impacts
Conclusion
4.5. Agricultural Practices
Intensive/Extensive Agriculture
Scale of Mechanization Vietnam
4.6. Irrigated and Non Irrigated Land
5. Government Policy Impacting The Tractor And Agricultural Implement Market
5.1. Regulatory Environment for domestic Manufacturers and Importers
5.1.1. Domestic Manufacturers
5.1.2. Importers
5.2. Import Duties and Tax structure
Free Trade Agreement
5.3. Certification Requirements
Emission Standards:
5.4. Local Taxes and Subsidies for Farmers in Vietnam
Major Taxes in Vietnam Agricultural Machinery Market
Agricultural subsidies in Vietnam
5.5. Financing options - Land devt banks/ Private finance/ Mfg supported finance
5.5.1. Private Finance
Donga Bank
5.5.2. Manufacturer Supported Finance
Siam Kubota Leasing
Land Development Bank (Agribank)
6. Market for Tractors and Implements
6.1. Vietnam Agricultural Machinery Market Size on the basis of Revenue in USD Million and Sales Volume in Number
6.1.1. Vietnam Agricultural Machinery Market Segmentation by Major Products on the basis of Revenue in USD Million, 2010-2015
6.2. Vietnam 4 Wheel Tractor Market Size on the basis of Revenue in USD Million and Sales Volume in Units, 2010-2015
6.2.1. Vietnam 4 wheel Tractor Market Segmentation by Power on the basis Sales Volume in Number, 2010 and 2015
6.3. Vietnam 2 Wheel Tractor/Power Tiller Market Size on the basis of Revenue in USD Million and Sales Volume in Units
6.4. Vietnam Rice Transplanter Market Size on the basis of Revenue in USD Thousand and Sales Volume in Number, 2010-2015
6.4.1. Vietnam Rice Transplanter Market Segmentation by Number of Rows Sales Volume on the basis of Sales Volume in Number, 2015
6.5. Vietnam Combine Harvester Market Size on the basis of Revenue in USD Million and Sales Volume in Number, 2010-2015
6.5.1. Vietnam Combine harvester Market Segmentation by Power on the basis of Sales Volume in Number, 2010 and 2015
6.6. Vietnam Tractor Implements Market Size on the basis of Revenue in USD Million and Sales Volume in Units, 2010-2015
6.6.1. Tractors Implements Market Segmentation by Major Products (Rotavators, Disc Plough, Disc Harrow, Fertilizer Spreaders and others) on the basis of Sales Volume in Number, 2015
6.7. Price range at category - Customer price dealer price (USD)
Agricultural Tractors
Rice Transplanters
Tractor Implements
6.8. Sales Channel - Direct/Trade/Self
6.9. Region wise OEM wise Channel points
6.9.1. Kubota
6.9.2. Yanmar
6.9.3. VEAM
6.10. After sales support policies - warranty periods/ service policies (Kubota)
Terms and Conditions
Void Of Warranty
6.11. Market share and Competitive Landscape of Major Players in Vietnam Agricultural Machinery Market, 2015
6.11.1. Kubota Vietnam Co. LTD.
6.11.2. Yanmar
6.11.3. Vietnam Engine and Agricultural Machinery Corporation (Iseki)
Market Share of Major Players in 4 Wheel Agricultural Tractors Market by Sales Volume in Percentage (%)
Market Share of Major Players in Combine Harvesters Market by Sales Volume in Percentage (%)
Market Share of Major Players in Two Wheel Tractors/Power Tillers Market by Sales Volume in Percentage
Market Share of Major Players in Rice Transplanters Market by Sales Volume in Percentage (%)
6.11.4. Emerging Players in Vietnam Agricultural Machinery Market
Vikyno and Vinappro
Phan Tan Agricultural Machinery Company Ltd
6.12. Business models adopted by major OEM’s who participate in the tractor market
6.12.1. Kubota
6.12.2. Yanmar
6.12.3. Vietnam Engine and Agricultural Machinery Corporation
6.13. Tractor and Implements Channel Strategies Vietnam
6.14. Status of custom hiring Vietnam
6.15. Geographic distribution of category wise sale for both Tractor & Others
Agricultural Tractors
Combine Harvesters
6.16. Vietnam Agricultural Machinery Market future Outlook and Projections on the basis of Sales Volume in Units and Revenue in USD Million, 2018 and 2020
6.17. Scenario of Chinese Agricultural Machinery in Vietnam
Share of China in Sale of Used Agricultural Machinery Vietnam, 2015
Import Scenario of Major Players in Vietnam Agricultural Machinery Market, 2015
7. Customer Insights
7.1. What Factors Farmers Consider before Purchasing New Agricultural Machinery in Vietnam
7.2. Usage Patterns for Major Agricultural Equipments in Vietnam
7.3. Land Holding Size
8. Analyst Recommendations
Disclaimer
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