Key Findings
Power tillers, tractors and threshers are the most common equipment’s
used in the Myanmar agriculture machinery segment. Out of these, Power Tillers
are the most selling agricultural equipment in the region.
The agriculture equipment market in Myanmar is currently exclusively
import dependent. The Ministry of Commerce, effective from November 2017,
granted the permission for joint ventures (JVs) between foreign and domestic
companies to import and sell agricultural machinery.
Central Region consisting of Dry Zone of Magway and Mandalay area and
Delta Zone of Bago, Yangon, Ayeyarwady and Mon State has the highest demand for
agricultural equipments in Myanmar. The region will witness a CAGR of ~10%
growth in demand for tractors during 2020-2025.
Shortage of Skilled Farm Labour and Increasing Wages: The daily farm
workers in rural parts of Myanmar are shifting to work in construction
activities in urban regions such as Yangon and Ayeyarwady. Moreover, some
workers are shifting to foreign locations such as Thailand and Cambodia in
order to work in tobacco factories, as they offer better monetary
opportunities. This has led to shortage of skilled labor in the region, which
has driven the wages upwards. Therefore, farmers are upgrading to using
equipments such as Tractors and Combine Harvesters, as they are more cost and
time efficient. Further, this helps in increasing the yield and productivity.
Low Down Payments and Ease in Financing: Farmers can easily procure
agricultural machinery such as Tractors and Combine harvesters by paying a
small down payment of 10% and getting 2-3 years loan on semi-annual payment
basis. This has helped in attracting farmers, and increasing the penetration
for farming equipments in the region.
Government Efforts for Modernizing the Agriculture: Government is
promoting sustainable agriculture mechanization through Agriculture
Mechanization Department (AMD). It is focusing on – modernizing farmland through proper farm
roads, drainage, irrigation network and other facilities, increasing the
machinery usage for pre and post harvesting activities, enabling local farmers
to buy tractors and educating farmers on different agriculture aspects and
techniques. Many other initiatives other than this have been undertaken for
improving the productivity in the country.
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 links: -
Myanmar
Agriculture Machinery Market
Related Reports by Ken Research
Contact Us:-
Ken Research
Ankur Gupta, Head
Marketing & Communications
