High Focus on Agriculture Sector: Myanmar has been an agriculture dependent country historically. Currently, agriculture sector employs more than 60% of the country’s population; therefore it is one of the top developmental priorities for the government. The agriculture sector accounted for one-third of the Myanmar Economy in 2011, valued at USD 19.5 Bn. However, it declined lately contributing to one-fourth of the economy, with a value of USD 17.5 Bn. Therefore, in The National Export Strategy (NES) 2015-2018 and the updated NES 2025, special emphasis has been put on developing agriculture as a priority sector for exports. In agriculture, special focus has been given to rice, pulses, beans, oilseed crops, fishery, and rubber. The aim is to tackle the fluctuations in supply of agriculture products through a structured roadmap, by assigning financial, technical and institutional resources.
High Exports of Agricultural
Products: Myanmar is the Asia’s largest pulses and beans exporter and
second largest globally after Canada. Till the Financial Year, 2016-2017,
agri-commodity contributed the highest foreign exchange for Myanmar. During 1st
October 2018 to 31st August 2019, the country earned about USD 930 Mn from
exporting about 1.5 Mn Tons of different beans and pulses. India majorly
imports mung beans and pigeon peas whereas China and other European nations
import green gram. Paddy comprised of 30.7% of the agriculture products and 4%
of the total products exported from Myanmar in 2018-2019 on the basis of value.
Major regions where rice & rice products (Paddy) are exported are China,
Philippines, Cameroon, Belgium, Netherlands, Indonesia, Vietnam and others
South East Asian & European Countries.
Developing Modern and Mechanized
Agriculture: Developing mechanized
agriculture is one of the key priorities for the government. Farmers are
motivated to use more machine equipments to increase the crop productivity,
resulting in higher yield. Government has also worked upon implementing an
efficient funding system so that farmers can avail loans easily, and work upon
exporting agro-commodities and produce value added finished goods.
The report titled “Myanmar Agriculture Machinery Market Outlook to 2025:
Driven by Growth in Machinery Supply and Government's Focus on Agriculture
Mechanization in the Country” by Ken Research provides a
comprehensive analysis on the performance of the agriculture machinery market
in Myanmar. The report covers various aspects including sales value, volume,
trends & developments, issues & challenges faced by the industry,
competition landscape, financing players, and others. It also covers the
country overview, regulatory framework, agricultural overview of Myanmar, land
under cultivation, changes in the cropping patterns, farm holding structure
& scale of mechanization. The report
concludes with the projections for the future of industry including
forecasted sales value and volume; future projections by product type and
regional demand by the year ending 2025, COVID-19 impact, and analyst
recommendations highlighting the major opportunities and cautions in the
industry. The market is expected to
register a positive six year CAGR of 25.1% and 27.1% in terms of sales value
and volume respectively during the forecast period 2020-2025. Tractors market,
combine harvesters market and implements
market in Myanmar is further expected to grow at revenue CAGR of 30.0%, 18.0% & 27.3% respectively and volume
CAGR of 30.0% & 18.0% respectively during forecast period 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:
Agriculture
Machinery Market in Myanmar
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head
Marketing & Communications
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