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Myanmar Agriculture Machinery Market, Agriculture Machinery Market, Major Staple Crops Produced in Myanmar, Trade Scenario of Food Crops in Myanmar, Myanmar Agricultural Mechanization: Ken Research
April 2021

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How is Myanmar Agricultural Equipment Market Positioned?

Overview: The Agriculture Sector in Myanmar is undergoing transformation. Paddy, Sugarcane and Maize are the most grown crop in the region. Ayeyawady, Bago, Yangon, Mandalay, Magway and Mon State are some of the most fertile regions in the country. The total arable land in Myanmar is ~49 Mn Acres, with number of farmers around 7.2 Mn as of March, 2018. The average farm size in the country was 2.7 Hectares as of 2017. Major Export partners for crops are China, India, Philippines, Cameroon and other South East Asian and European Countries. In 2018-19, Agriculture contributed MMK 14,426.6 Mn, increasing from MMK 12,959.2 Mn. However, the percentage contribution decreased overall.

Market: The market is currently in growth stage, in which the demand is highest for Power Tillers. The market is completely import oriented with majority of imports coming in from China, India and Thailand. The government’s effort to improve mechanization, low down payment on equipment loans, increasing brand presence, increase in custom works and other factors has helped in development of the market. The Agriculture Equipment market in Myanmar increased at a CAGR of ~% on the basis of sales volume and on the other hand, the market witnessed a CAGR of ~% on the basis of revenue during the same period.

Myanmar Agricultural Tractor Market

The tractors market in Myanmar majorly consists of 2Wheel Tractors/Power Tillers and 4Wheel Tractors. Power Tillers are the most selling equipment in Myanmar. Majority of Power Tillers are sold by Chinese Brands due to their low pricing. In 4W tractors, farmers prefer to purchase large HP tractors of brands such as Sonalika, John Deere and New Holland. Paddy Farmers prefer to purchase Kubota Tractors. Chinese Brands are popular in the market due to low pricing. However, those products are considered of cheap quality. The market witnessed a CAGR of ~% in terms of sales quantity during 2014-2020P and reached a value of MMK ~Bn in 2020P.

Myanmar Combine Harvesters Market

Combine Harvesters are useful for farmers as they speed up the harvesting time. These equipments were introduced in market after 2010; therefore the market is still in its growth phase. However, the high prices of these equipments have restricted the market growth. Factors such as low down payments, easy installments, government initiatives and others will help in development of the market. The market was valued at MMK ~ Bn in 2014 registering a CAGR of ~% during 2014-2020 and reaching to a value of MMK ~ Bn in 2020.

Mostly, companies operating in the organized market are offering combine harvesters of 70 HP and Above. The demand is growing for corn combine harvesters and brands such as John Deere are planning to launch their combine harvesters in the market soon.

The farmers aspire to purchase Kubota and Yanmar Combine Harvesters in the region. However, combine harvesters are quite expensive which has been a major barrier in the growth of the market. Many farmers are purchasing combine harvesters in order to fulfill custom work requirements. This helps them in getting another source of income.

Myanmar Combine Harvesters Market

Implements market was valued at MMK ~ Bn in terms of revenue and witnessed a positive CAGF during the study period of 2014-2020. The demand for implements is facilitated by the high demand for 4 wheel tractors in the region. Many tractor dealers are offering 1 implement complimentary on purchase of a new tractor in order to attract more customers. Ayeyarwady, Bago, Yangon, Mon State, Mandalay and Magway are some of the regions which have high demand for agriculture implements in the country. The growth in agricultural mechanization status has increased the demand for implements in the region. Rotary Tillers and Disc Harrows are the top most selling equipments in the region. Implements are mostly used for softening the soil which helps in plantation. Tractor implements include Disc Plough, Disc Furrow, Fertilizer Spreaders, Rotavators and others.

Comparative Landscape in Myanmar Agriculture Equipments Market

Competition in the Myanmar Agriculture Equipment Market was observed to be fragmented, with presence of both international and Chinese players. The market is completely dependent on imports with zero local production. Major players in the market are Kubota (preferred by paddy farmers), Sonalika, John Deere and New Holland. In Chinese players, major companies are Dongfeng, Shifeng, WZ, YTO, Lovol, Zoomlion and others. In Combine Harvesters, Kubota and Yanmar are having the dominance in the market. Major Parameters for competition are Pricing, Brand Name, Distributorship Network, After Sales Service and Others.

Myanmar Agriculture Equipment Market Future Outlook and Projections

The Myanmar Agriculture Equipment Market will witness a good growth in future. Some of the major growth drivers in the market are easy access to finance, low mechanization rate, government support through Agriculture Mechanization Department, Private-Public Partnership. The market will witness high growth for combine harvesters. The Agriculture equipment market is expected to reach at a value of MMK ~ Bn in 2025, witnessing a CAGR of ~% during 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 Link:

Myanmar Agriculture Machinery Market

Related Reports:-

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)

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