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
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