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

Malaysia farm equipment market | Country-Wise Share and Competition Analysis

In the year 2021, Germany was the largest exporter in terms of value, followed by China. It has registered a growth of 45.63% over the previous year. While China registered a growth of 6.64% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 2265 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  3153 which signifies high concentration in the market.

Malaysia farm equipment market - Export Market Opportunities

Topics Covered in Malaysia Farm Equipment Market Report

The Malaysia 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 ongoing 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.

Malaysia Farm Equipment Market Synopsis

Malaysia Farm Equipment Market is expected to grow in the forecast period. The growth in the market can be attributed to rising demand for food production and advancement in agricultural practices. The government's various policies to promote sustainable practices have also led to the rise of the market.

According to 6Wresearch, the Malaysia Farm Equipment Market size is anticipated to grow during 2023-2029. The market is primarily driven by various factors such as rising demand for food production, the government's efforts to modernize and advance the agriculture sector, and awareness among farmers regarding the benefits of sustainable farming practices. The demand for food has increased the need for modern equipment to increase the yield. The government is focusing on the improvisation of farming practices by providing subsidies and tax incentives. There are various training programs organized for the farmers to make them aware of the precise farming methods. The advancement in technology has fuelled the growth of the market. The market is an integral part of the Asia Pacific Farm Equipment Market and due to this, it has seen a positive impact on its growth. There are certain challenges present in the market. The heavy dependence of farmers on traditional methods and their inability to afford the advanced equipment gas hindered the growth of the market. The poor infrastructure of the country especially in the rural areas makes it challenging for the dealers and manufacturers to reach these areas. There is an unavailability of skilled laborers and land tenor issues also pose a major challenge for the market.

COVID-19 Impact on Malaysia Farm Equipment Market

The farm Equipment Market in Malaysia has been significantly affected by the global health crisis. There was a disruption in the supply chain due to the close down of borders and restrictions on movement and it led to delays in the procurement of crucial farming machines from other countries. The non-essential goods witnessed a decrease in demand due to the prevalence of economic uncertainties. There was a reduction in revenue for the manufacturers due to a major drop in the demand for farm equipment. The onset of the pandemic also brought some positive developments in the market as the farmers invested more in sustainable and precision agriculture and also adopted various measures for innovation and advancement in the Malaysia Farm Equipment Industry.

Malaysia Farm Equipment Market: Key players

These are the key players who have a strong foothold in the market and have major contributions to the increase in Malaysia Farm Equipment Market Growth.

• Kubota Corporation
• Yanmar Holdings Co., Ltd.
• Tanco Holdings Berhad
• CNH Industrial N.V.
• Mahindra & Mahindra Ltd.
• AGCO Corporation
• Deere & Company (John Deere)
• Boustead Holdings Berhad
• Tractors Malaysia Holdings Berhad
• MTD ACPI Engineering Berhad

Market By Drive Type

On the basis of drive type, the market is segmented into Two-Wheel and Four-Wheel. Both segments are expected to dominate the market due to their efficiency, leading to an increase in Malaysia Farm Equipment Market Share.

Market By Function Type

On the basis of function type, the market is segmented into Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, and Others. All the segments are expected to dominate the market on account of various government policies to modernize the industry.

Market by Equipment Type

On the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, and Others. Tractors will dominate the market on account of its increasing use in food production. 

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:

• Malaysia Farm Equipment Market Outlook
• Market Size of Malaysia Farm Equipment Market, 2022
• Forecast of Malaysia Farm Equipment Market, 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Revenues & Volume for the Period 2019 - 2029
• Malaysia Farm Equipment Market Trend Evolution
• Malaysia 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 Malaysia Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By 31-70 HP for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By 71-130 HP for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By 131-250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia 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
• 71-130 HP
• 131-250 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