Bangladesh Farm Equipment Market (2023-2029) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Topics Covered in Bangladesh Farm Equipment Market Report

Bangladesh Farm Equipment Market report thoroughly covers the market by power output, by drive type, by function and equipment type. The outlook report provides an unbiased and detailed analysis of the on-going Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Farm Equipment Market Synopsis

Bangladesh Farm Equipment Market is projected to grow in the forecast period. The various factors that are propelling the growth of the market are increasing demand for food, government initiatives and increase in foreign investment in the agricultural market. The aim of improving rural infrastructure has contributed immensely to the growth of the market.

According to 6Wresearch, Bangladesh Farm Equipment Market size is likely to grow during 2023-2029. The market is witnessing significant growth in the recent year due to several key factors. The agricultural sector is a vital part of the economy, providing employment to people and contributing significantly to the GDP of the country. Due to this, there is a need for modern farming equipment that can help farmers improve the production level of the crop. The government has played a major role in driving the demand for farm equipment. The government provides subsidies and offer loans at low-interest rates to enable farmers to purchase the equipment. The advancement in technology has enabled farmers to buy the necessary equipment to optimise the crop production. There are various factors which restrains the growth of the market. The lack of access to finance for farmers to invest in modern equipment is one of the major challenges faced by the market. The lack of awareness among farmers about the modern techniques has hindered the growth of the market and due to this, there is decrees in Bangladesh Farm Equipment Share.

COVID-19 Impact on Bangladesh Farm Equipment Market

The COVID-19 pandemic had severely impacted the market as the farmers faced difficulty in sourcing essential equipment due to imposition of the travel restrictions and the mandated lockdowns imposed by the government to curb the transmission of the virus. This situation affected the crop yields, which had long-term implications for food security and the economic growth of the nation. The access of inputs required for crop production was one of the major challenges faced by the market. The productivity level of the crop declined due to unavailability of inputs such as seeds and fertilizers.  The dealers and the manufacturers faced various challenges in the distribution of the product. The pandemic led some farmers to adopt to traditional manual methods due to financial challenges faced by them. The Market is an integral part of the Asia Pacific Farm Equipment Market and these factors have negatively affected the market during the pandemic.

Bangladesh Farm Equipment Market: Key players

These are the key players in the market who have a significant share in the market, leading to increase in Bangladesh Farm Equipment Market Growth.

• ACI Motors Limited
• HSTC Limited
• Walton Hi-Tech Industries Ltd.
• RANGS Limited
• BCS Automation Limited
• Agro Industrial Trust (AIT)
• Millat Tractors Limited
• Aman Group

Market By Drive Type

On the basis of drive type the Farm Equipment Market in Bangladesh is segmented into Two-Wheel and Four-Wheel.  Both segments are expected to dominate the market due to their wide use in various farm activities.

Market By Function Type

On the basis of function type, the market is segmented into Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, Others. Plowing & Cultivating will dominate the market due to its fundamental use in the performance of the various task.

Market by Equipment Type

According to Shivankar, Research Manager, 6Wresearchon the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, Others. Tractors are expected to have a dominant share in the market due to its ability to perform various task.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Farm Equipment Market Outlook
• Market Size of Bangladesh Farm Equipment Market, 2022
• Forecast of Bangladesh Farm Equipment Market, 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Revenues & Volume for the Period 2019 - 2029
• Bangladesh Farm Equipment Market Trend Evolution
• Bangladesh Farm Equipment Market Drivers and Challenges
• Bangladesh Farm Equipment Price Trends
• Bangladesh Farm Equipment Porter's Five Forces
• Bangladesh Farm Equipment Industry Life Cycle
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By 31??70 HP for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By 71??130 HP for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By 131??250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Bangladesh Farm Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Equipment Type
• Bangladesh Farm Equipment Top Companies Market Share
• Bangladesh Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Farm Equipment Company Profiles
• Bangladesh Farm Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Power Output

• 30 HP
• 31“70 HP
• 71130 HP
• 131250 HP
• >250 HP

By Drive Type

• Two-Wheel
• Four-Wheel

By function Type

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By Equipment type

• Tractors
• Combines
• Sprayers
• Balers
• Others