Myanmar Farm Tractor Market (2020-2026)

Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-wheel Drive, Four-wheel Drive) and competitive Landscape

Product Code: ETC002118 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Myanmar Farm Tractor Market is expected to register significant growth projections in the upcoming six years on the back of scarcity of labor coupled with a sharp increase in labor costs in the country. A lack of farming infrastructure is inducing the farmers to shift towards cities for employment, which is leading to a lack of farm laborers in the agriculture sector further inducing the need to adopt farm mechanization. Additionally, rising effects of the COVID-19 virus is likely to disturb the agricultural activities in the country in the first few months of 2020 coupled with disturbances in the production of agricultural equipment and is likely to restrain the growth of the Myanmar Farm Tractor market, but as the disease outbreak registers slowdown the Myanmar farm tractor market is anticipated to regain market value in the latter part of 2020. 

According to 6Wresearch, Myanmar Farm Tractor Market is anticipated to witness potential growth during the forecast period 2020-26FAgriculture is the most important sector in the country and contributes towards creating more than 60% jobs, further, the country is the second-largest exporter of beans and pulses and ninth-largest exporter of rice, growing export demand for the aforementioned commodities would act as a stimulus for farm tractor market in Myanmar in the near future. Moreover, rising investments in the agriculture sector by government and private investors to induce the growth of the agriculture sector would additionally benefit the growth of the Myanmar farm tractor market in the upcoming six years.

 The CITIC Corporation collaboration with the Myanmar Agribusiness Public Corporation (MAPC) to invest around $ 500 million in the construction of rice mills in the country in the upcoming five years. An increase in the number of rice mills coupled with the government’s efforts towards increasing the availability of arable land for crop production is anticipated to raise significant demand projections for farm tractors in the country in the near future.

The Myanmar Farm Tractor report thoroughly covers the market by Horsepower rating and by Drive type. Myanmar Farm Tractor outlook report provides an unbiased and detailed analysis of the on-going Myanmar Farm Tractor 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.

Myanmar farm tractor market is anticipated to witness potential growth in the foreseeable future backed by rising demand for agricultural food. The farm tractors market was at a nascent stage earlier due to limited arable land available to farmers. However, to make more arable land available for farming and production along with an increase in the government based incentives regarding favorable interest rates on financing farm tractor induces the farmers to purchase the same and is expected to augment the market demand for farm tractors in the coming years and benefit the growth of the Myanmar farm tractor market in the coming time frame. The increased efficiency by farm tractors coupled with an increase in the better production provided by the use of the equipment is estimated to leave a positive impact over farm tractors and would proliferate the progressive growth of the Myanmar farm tractor market in the upcoming six years.

Key Highlights of the Report

  • Myanmar Farm Tractor Market Overview
  • Myanmar Farm Tractor Market Outlook
  • Myanmar Farm Tractor Market Forecast
  • Myanmar Farm Tractor Market Size
  • Historical & Forecast Data of Myanmar Farm Tractor Market Revenues & Volume for the Period 2016-2026
  • Historical & Forecast Data of Myanmar Farm Tractor Market Revenues, by horsepower rating, for the period 2016-2026
  • Historical & Forecast Data of Myanmar Farm Tractor Market Revenues, by drive type, for the period 2016-2026
  • Market Drivers and Restraints
  • Myanmar Farm Tractor Market Trends & Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Myanmar Farm Tractor Market Overview, By Competitive Benchmarking
  • Market Share, By Technology
  • Recent Market Trends
  • Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

  • By Horsepower rating
    • Below 40 Hp
    • 40 Hp – 100 Hp
    • Above 100 Hp

  • By Drive type
    • Two-wheel Drive
    • Four-wheel Drive

1. Executive Summary

2. Introduction

2.1. Key Highlights of the Report

2.2. Report Description

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Myanmar Farm Tractor Market Overview

3.1. Myanmar Farm Tractor Market Revenues & Volume, (2016-2026F)

3.2. Myanmar Farm Tractor Market – Industry Life Cycle

3.3. Myanmar Farm Tractor Market – Porter’s Five Forces

3.4. Myanmar Farm Tractor Market Revenue & Volume Share, By Power Rating, 2019 & 2026F

3.5. Myanmar Farm Tractor Market Revenue & Volume Share, By Drive Type, 2019 & 2026F

4. Myanmar Farm Tractor Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. Myanmar Farm Tractor Market Trends

6. Myanmar Farm Tractor Market Overview, By Power Rating

6.1. Myanmar Farm Tractor Market Revenues & Volume, Below 40 Hp (2016-2026F)

6.2. Myanmar Farm Tractor Market Revenues & Volume, 40 Hp - 100 Hp (2016-2026F)

6.3. Myanmar Farm Tractor Market Revenues & Volume, Above 100 Hp (2016-2026F)

7. Myanmar Farm Tractor Market Overview, By Drive Type

7.1. Myanmar Farm Tractor Market Revenues & Volume, By Two-wheel Drive Type (2016-2026F)

7.2. Myanmar Farm Tractor Market Revenues & Volume, By Four-wheel Drive Type (2016-2026F)

10. Myanmar Farm Tractor Market Key Performance Indicators

11. Myanmar Farm Tractor Market Opportunity Assessment

 11.1. Myanmar Farm Tractor Market Opportunity Assessment, By Installation

 11.2. Myanmar Farm Tractor Market Opportunity Assessment, By Ownership

12. Myanmar Farm Tractor Market Competitive Landscape

12.1. Myanmar Farm Tractor Market Revenue Share, By Company (2019)

12.2. Myanmar Farm Tractor Market Competitive Benchmarking, By Technical Parameters

13. Company Profiles

13.1. Business Description

13.2. Geographical Presence

13.3. Ownership (Top 5 Shareholders)

13.4. Key Financials (If Available)

13.5. Historical Timeline (If Available)

13.6. Key Clients

13.7. Product Segmentation

13.8. Key Distributors/Dealers

13.9. Key Executives

13.10. Number of Employees

14. Recommendations

15. Disclaimer

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