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 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
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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