Thailand Farm Equipment Market | Country-Wise Share and Competition Analysis
In the year 2021, Malaysia was the largest exporter in terms of value, followed by China. It has registered a growth of 0.96% over the previous year. While China registered a growth of 29.22% as compared to the previous year. In the year 2017, Malaysia was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has a Herfindahl index of 3750 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 3399 which signifies high concentration in the market.
Thailand Farm Equipment Market - Export Market Opportunities
Thailand Farm Equipment Market Highlights
| Report Name | Thailand Farm Equipment Market |
| Forecast period | 2026-2032 |
| CAGR | 7.6% |
| Growing Sector | Tractors |
Topics Covered in Thailand Farm Equipment Market Report
Thailand Farm Equipment Market report thoroughly covers the market by power output, drive type, 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.
Thailand Farm Equipment Market Synopsis
Thailand Farm Equipment Market is anticipated to grow in the forecast year. The market is witnessing substantial growth due to the increasing population and rising demand for agricultural products in the country. The private players are also investing heavily in the industry for the expansion of the market.
According to 6Wresearch, Thailand Farm Equipment Market size is projected to grow at a compound annual growth rate (CAGR) of 7.6% during the forecast period (2026–2032). The increasing demand for food has bolstered the growth of the market. The growth of the population has led to more demand for food. Government support for agriculture is a major driver for the expansion of the market. The agricultural industry of the country contributes immensely to the economy. The government of the country is offering various incentives such as tax breaks and subsidies to avail modern farming equipment. The growing concern about the environment has led to the development of sustainable farming practices and this has led to a shift towards farm equipment that is enabled with the latest technology. One of the major factors that play a significant role in the market success is that it is a crucial part of the Asia Pacific Farm Equipment Market. There are certain challenges in the market. High prices of farm equipment present a major challenge for small-scale farmers. There is limited access to credit facilities by the financial institutes to the farmers and it limits their ability to procure the equipment.
Thailand Farm Equipment Market: Key Players
These are the notable players in the market who are contributing towards the Thailand Farm Equipment Market Growth.
- Yanmar Agricultural Equipment (Thailand) Co., Ltd.
- Kubota (Thailand) Co., Ltd.
- New Holland Agriculture (Thailand) Co., Ltd.
- Thai Hino Industry Co., Ltd.
- Satoh Industry Co., Ltd.
- Chaiwat Engineering Co., Ltd.
- Farmech Machinery Co., Ltd.
- STK International Co., Ltd.
- Lamico Agricultural Machinery Co., Ltd.
- Siam Kubota Corporation Co., Ltd.
Market By Drive Type
According to Ravi Bhandari, Research Head, 6Wresearch on the basis of drive type, the market is segmented into Two-Wheel and Four-Wheel. The two-wheel segment is expected to dominate the market due to the flexibility and affordability of the product leading to an increase in Thailand 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, Others. Plowing & Cultivating segment will dominate the market due to its use in soil preparation for planting and sowing.
Market by Equipment Type
Based on Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, and Others. The tractor segment will dominate the market on the back of its use in various practices of agriculture.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025
- Forecast Data until 2032.
- Key Performance Indicators Impacting the market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Thailand Farm Equipment Market Outlook
- Market Size of Thailand Farm Equipment Market, 2025
- Forecast of Thailand Farm Equipment Market, 2032
- Historical Data and Forecast of Thailand Farm Equipment Revenues & Volume for the Period 2022-2032
- Thailand Farm Equipment Market Trend Evolution
- Thailand Farm Equipment Market Drivers and Challenges
- Thailand Farm Equipment Price Trends
- Thailand Farm Equipment Porter's Five Forces
- Thailand Farm Equipment Industry Life Cycle
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Power Output for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By <30 HP for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By 31??70 HP for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By 71??130 HP for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By 131??250 HP for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By >250 HP for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Drive Type for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Function for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Others for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Tractors for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Combines for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Sprayers for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Balers for the Period 2022-2032
- Historical Data and Forecast of Thailand Farm Equipment Market Revenues & Volume By Others for the Period 2022-2032
- Thailand 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
- Thailand Farm Equipment Top Companies Market Share
- Thailand Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
- Thailand Farm Equipment Company Profiles
- Thailand 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
