Thailand Used Tractor Market Outlook to 2027F: Ken Research

November 2022  

How Used Tractor Market Is Positioned In Thailand?

The Used Tractor Market in Thailand has seen significant growth in last decade supported by increase in millennials population in the country and also with the entry of emergent players into the market.

Tractor dealers are emphasizing on providing integrated user-friendly platforms to ease the buyer’s journey of used tractors. These trends and developments are changing the used tractor industry on a positive note with promising future growth.

The Used Tractor Market in Thailand is segmented on the basis of total number of used tractor units sold with a CAGR of ~% over the period 2017-2021 with total Revenue generated ~% in THB Mn.

Thailand Used Tractor Market Outlook

Thailand Used Tractor Market Segmentation

Thailand Used Tractor Market is at growing stage and has a high potential with growth opportunities like movement towards electric tractors, organic farming, digital transformation, and growing trend of upgrading vehicles.

By Market Structure:

Market is dominated by Kubota. It is highly concentrated. Two companies form more than 85% of the market share.

By Distribution Channel

  • A growth of ~is expected in the offline channel distribution of used tractors.
  • The major revenue from the sales of used tractors continues to be offline channel in 2027F also.
  • The revenue from financial institution and Online channels are ~and ~in 2027F.

Thailand Used Tractor Market

Thailand used tractor market is growing from last couple of years and expected to grow in future. The increased agricultural production capacity and increased preference for efficient machines are some of the key strengths while the volatility of commodity prices is a potential threat.

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Thailand Used Tractor Market Future Outlook and Projections

The Thailand Used Tractor Market is expected to grow at a ~% CAGR on the basis of Revenue and ~% on the basis of Sales Volume in Units. With the market at rebound stage, factors such as attractive pricing, government pivotal role, easy financing option, digital advancement, tech-enabled value services by companies will drive the used car market in the near future.

Thailand Used Tractor Market

  • Segmentation on basis of power
  • Less Than 35 HP
  • 36-50HP
  • 51-75HP
  • 76-100HP
  • 100HP+
  • Segmentation on basis of purpose
  • Agriculture
  • Construction
  • Segmentation on basis of reason
  • North East (Isan)
  • Central (Siam)
  • North (Lanna)
  • South
  • Segmentation Basis Sale Distribution Channel
  • Offline Channel
  • Financial Institution/Auction
  • Online Channel
  • Segmentation Basis Price (THB)
  • Less than 300,000 baht
  • 300,001-400,000
  • 4 00,00- 600,00
  •  600,00+
  • Segmentation Basis Usage(hours)
  • Less than 500 hours
  • 501-1500
  • 1501-3000
  • 3001-5000
  • 5000+

Key Target Audience

  • OEMs
  • Multi-Brands
  • Online Used Tractor Portals
  • Used Tractor Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Tractor Dealerships
  • Used Tractor Industry
  • Used Tractor Manufacturing Companies
  • Used Tractor Distributors
  • Used Tractor Auction Houses
  • Used Tractor Associations

Time Period Captured in the Report:

  • Base Year: 2021
  • Forecast Period: 2022–2027F

Key Target Audience

  • Used Tractor Companies
  • OEMs
  • Multi-Brands
  • Online Used Tractor Portals
  • Used Tractor Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Tractor Dealerships
  • Used Tractor Industry
  • Used Tractor Manufacturing Companies
  • Used Tractor Distributors
  • Used Tractor Auction Houses
  • Used Tractor Associations

Time Period Captured in the Report:

  • Base Year: 2022
  • Forecast Period: 2022–2027F

Companies Covered:

Major OEMs

  • Kubota
  • John Deere
  • New Holland
  • Iseki
  • Yanmar

Major Classifieds

  • Truck2Hand
  • Kaidee
  • Machinio
  • Farm Machinery

Major Finance and Leasing Market players

  • Sawad
  • Heng Leasing
  • SKL
  • Yanmar Capital

Major local Dealer/ Sellers

  • Minsen
  • Eurotrac Co Ltd
  • CDN
  • JPT Tractor

Key Topics Covered in the Report

  • Thailand Used Tractor Market
  • Thailand Agricultural Market Overview
  • Thailand Used Tractor Finance Market
  • Market Ecosystem
  • Value chain Analysis
  • Detailed Analysis on Thailand Used Tractor Market (Market Size, 2022 Market Structure; Market Segmentations; Competition; Future Market Size, 2027); Future Trends and the Way Forward
  • Snapshot on E- Tak
  • Snapshot on Climate Change and its impact
  • Snapshot on other agricultural vehicles
  • Snapshot on Electric Tractors
  • Snapshot on Farmers Education
  • Snapshot on usages of tractors

Companies Covered:

Major Classifieds

  • Truck2Hand
  • Kaidee
  • Machinio
  • Farm Machinery

Major Finance and Leasing Market players

  • Sawad
  • Heng Leasing
  • SKL
  • Yanmar Capital

Major local Dealer/ Sellers

  • Minsen
  • Eurotrac Co Ltd
  • CDN
  • JPT Tractor

Key Topics Covered in the Report

  • Thailand Automotive Market Overview
  • Thailand Agricultural Market Overview
  • Thailand Used Tractor Finance Market
  • Market Ecosystem
  • Value chain Analysis
  • Detailed Analysis on Thailand Used Tractor Market (Market Size, 2022 Market Structure; Market Segmentations; Competition; Future Market Size, 2027); Future Trends and the Way Forward
  • Snapshot on E- Tak
  • Snapshot on Climate Change and its impact
  • Snapshot on other agricultural vehicles
  • Snapshot on Electric Tractors
  • Snapshot on Farmers Education
  • Snapshot on usages of tractors

For more information on the research report, refer to below link:

Thailand Used Tractor Market Outlook to 2027F: Ken Research

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