Thailand Used Tractor Market Outlook to 2027F: Ken Research

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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

• 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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Philippines Used Car Market Outlook To 2026 (Third Edition)

Vietnam Used Car Market Outlook To 2026 (Second Edition)

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Singapore Used Car Market Outlook To 2025

Thailand Used Tractor Market Analysis, Forecat & Outlook to 2027F: Ken Research

 Introduction of precision farming with increased focus on farm mechanization is expected to increase agricultural productivity supporting the Used Tractor Market in Thailand: Ken Research

Ending the stigma of Used Tractors Purchase: With increased awareness, consumers prefer purchasing certified used tractors after complete quality & valuation check which in turn increases the used tractor sales volume in Thailand. Further, with dealerships offering warranty and service support, the used tractor market is now a reliable and trust-worthy option for first-time buyers.

Diffusion of advanced technology, Digital enablement and Additional Service Offerings: Vertical Platforms are giving buyers & sellers new ways to interact online & facilitate the buying decision by offering a plethora of options and focusing on user browsing experience. Vertical marketplaces have the substantial advantage of fulfilling the needs of listed dealers as the quality of leads generated and the conversion rate is better due to the presence of more buyers.

Manufacturer’s investments in expanding the network of used tractor dealers: Sale of used tractor to new tractor is rising as used vehicle models have lots of the latest technologies that small farmers can easily accommodate and enjoy good features & new technology at relatively low rates compared to the new vehicles. Growth is further supported by manufacturer’s investments in expanding the network of used tractor dealers, building the brand and enabling customers to choose this option.

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Lack of Organized Sector Market Structure: Lack of organized sector poses a big challenge in Thailand as it covers minimal used tractor market. The continuous lack of standards and regulations governing the industry can result in lower consumer confidence while buying pre-owned tractors. High pricing on used tractors by organized dealers also creates obstacles in generating sales as due to higher prices on the multi-brand centres, local used tractor dealers are preferred.

The report titled “Thailand Used Tractor Market Outlook to 2027F – Driven by Technological Advancements and Dominated by Low Engine Power Tractors” provides a comprehensive analysis of the used tractor market and sales in Thailand. The report also covers overview and genesis of the industry, used tractor market size in terms of total revenue generated for total used tractor volume sales with average price of used tractor and used to new tractor ratio, new tractor market size and market segmentation by type of market structure, type of manufacturers, snapshot on Online used tractor Market, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Thailand. The report concludes future market projections of each used tractor segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.

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 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

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

Related Reports

Egypt Used Car Market Outlook To 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options

Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions

Vietnam Used Car Market Outlook To 2026 (Second Edition): Driven By Growing Disposable Income And Shifting Consumer Preference From Two-Wheelers To Four-Wheelers

South Korea Used Car Market Outlook To 2026: Relaxed Government Regulations On Big Companies Entering Used Car Market To Facilitate Increase In The Used Cars Sales And Improve The Organized Market Share

Singapore Used Car Market Outlook To 2025: Increasing Used Cars Demand Due To The Pandemic Contributes To Increase In Used Cars Sales During The Economic Crisis