Thailand Agricultural Machinery Market Outlook to 2025: Ken Research


The report titled Thailand Agricultural Machinery Market Outlook to 2025 – Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row), Agriculture Implements Market provides a comprehensive analysis of the agricultural machinery market in Thailand. The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters, and Agriculture Implements. The segmentation for Tractors, Combine Harvesters has been created on the basis of Horsepower while the segmentation for Rice Transplanters has been showcased by Row. The report also covers the market share, competitive landscape, and business model of hire purchase and lease, along with the strength and weaknesses of major players. In addition to this, the report also covers the country overview, government regulation, and agricultural overview of Thailand. Land under cultivation, Changes in cropping patterns, farm holding structure, and scale of mechanization are covered in an agricultural overview. The report concludes with market projections for the future of the Agricultural Machinery Market in Thailand including forecasted market size by revenue and sales volume by 2025 and segmentation and the analysts’ take on the future.

Thailand Agricultural Machinery Market Overview and Size: The revenues from the overall agriculture machinery market increased at a positive single-digit CAGR of 2.7% during the period 2013 – 2019. The contribution by the tractor market to the overall market stood at more than 50.0% in 2019. Combine Harvesters have been the second-largest category, to the overall revenues of the agriculture equipment market largely due to largely due to rising government support, growing per capita income and rising demand of rice in the country.

Thailand Agricultural Machinery Market Segmentation:

Thailand Agricultural Tractor Market: The revenue from the tractor market in Thailand increased at a CAGR of 4.6% during the period 2013 – 2019. Tractors have been segmented on the basis of power and those that range from 20 to 75 hp were most preferred in Thailand, accounting for the highest total tractor sales volume.

Thailand Combine Harvester Market: The market revenue from combine harvesters increased at a CAGR of 4.7% during the same period. Combine harvesters of 70 hp and below accounted for the highest total sales of combine harvesters. Harvesters of 70-105 hp and above 105 hp contributed remaining share respectively to the overall sales of combine harvesters in Thailand in 2019.

Thailand Rice Transplanters Market: The market revenue for Rice Transplanters accounted for a CAGR of 5.1% from 2013 – 2019. Rice transplanters of 4 rows and 6 rows contributed around the highest share to overall sales. Transplanters of 8-row riding types contributed remaining volume share during 2019.

Thailand Agricultural Implements Market: The revenues from the agriculture implements market increased at a CAGR of 5.7% during the same period. The majority of the tractor’s sales are accompanied by implements sales in Thailand. Therefore, the growth of the implements market is highly dependent on the sale of tractors in Thailand.

Competition Scenario

The competition in the market is concentrated with respect to sales of agricultural tractors, Japanese manufacturer Siam Kubota dominated the market in 2019. This was followed by Yanmar S.P., John Deere, Iseki, New Holland, and others. In addition to this, with respect to the sale of combined harvesters and rice transplanters, Siam Kubota has accounted highest share in overall sales followed by TAMCO, Kaset Phattana, Sakpattana, Yanmar S.P., and others. These companies compete on the basis of parameters such as Price, Products Offered, Number of Tractor Variants, Distribution Network, and After Sales Service.

Future Outlook and Projections

Thailand Agricultural Machinery market in terms of revenue will increase at a positive CAGR of 1.7% during the period 2019-2025. The market in the near future is estimated to grow at a tremendous rate owing to the introduction of smart farming techniques such as precision farming and digital farming. The sector is also expected to witness higher investment in farm machinery with the increase in commodity prices leading to higher farm income. Manufacturers are now developing machines that have advanced technologies integrated into them such as drone monitoring and wireless soil probe which could create a positive impact over the long term. An emerging trend in the agriculture equipment industry is IoT based smart farming which will help in remote monitoring and control of several cultivation processes and also record the data related to it. The farmers are becoming tech-savvy and are willing to adopt machinery which has advanced technology integrated into it thereby, driving Thailand Agricultural Machinery Market both in terms of revenue and volume in the future.

Key Segments Covered: –

By Products

Tractors (2-Wheel and 4-Wheel)

Combine Harvesters

Agriculture Implements

Rice Transplants

By Tractors (Power)

8HP – 15HP

20HP – 35HP

36HP – 47HP

48HP – 75HP

75HP – 100HP

100HP – 120HP

By Combine Harvesters (Power)

70HP and Below

75HP – 105HP

Above 105 HP

By Combine Harvesters (Row)

4 Row RT

6 Row RT

8 Row RT

Companies Covered

Siam Kubota

Yanmar S.P.

Talaythong Factory Co.,Ltd

John Deere


New Holland


Kaset Phattana


Key Target Audience

Existing Agricultural Machinery Companies

New Market Entrants – Domestic OEMs

New Market Entrants – Foreign OEMs

Agricultural Machinery Financing Companies

Government Bodies

Investors & Venture Capital Firms

Agricultural Machinery Manufacturers

Agricultural Machinery Distributors

Agricultural Machinery Associations

Time Period Captured in the Report: –

Historical Period: 2013 – 2019

Forecast Period: 2020 – 2025

Key Topics Covered in the Report: –

Total Land Under Cultivation and Distribution by Major Crops (Rice, Cassava, Rubber and Sugarcane)

Changing Cropping Pattern in Thailand and Factors Driving Change

Nature of Ownership, Farm Holding Structure and Regulatory Policies Impacting Farm Holding Structure in Thailand

Agricultural Practice in Thailand on the basis of Scale of Mechanization, Extensive and Intensive and Irrigated Land

Government Policy impacting the Agricultural Equipment Market in Thailand on the basis of Import Duty Structure, Subsidies, Taxes Certification and Emission Standards

Thailand Agricultural Machinery Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013-2019

Thailand Agricultural Machinery Market Segmentation by Major Products on the Basis of Revenue in USD Million, 2013 – 2019

Thailand Tractor Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013 – 2019

Thailand Tractor Market Segmentation by Power on the Basis of Sales Volume, 2015 and 2019

Thailand Combine Harvester Market Size on the Basis of Revenue in USD Million and Sales in Units, 2013 – 2019

Thailand Combine Harvester Market Segmentation by Power on the Basis of Sales Volume, 2015 and 2019

Thailand Rice Transplanter Market Size on The basis of Revenue in USD Million, 2013 – 2019

Thailand Rice Transplanter Market Segmentation by power on the Basis of Sales Volume, 2015 and 2019

Thailand Tractor Implements Market Size on the Basis of Revenue in USD Million, 2013 – 2019

Market Share and competitive Landscape of Leading Manufacturers in Thailand Agricultural Equipment Market on the Basis of Sales Volume in Units, 2019

Pricing Analysis of Major Brands

Marketing Strategies of Major Brands

Business Model of Leasing and Hire Purchase

List of Leasing and Hire Purchase Companies

Snapshot on Thailand Agricultural Machinery Second Hand Market

Analyst Recommendations

For More Information on the Research Report, Click on the Link: –

Thailand Agricultural Machinery Market

Related Reports by Ken Research: –

Egypt Agricultural Machinery Market Outlook to 2021 – Consolidation of Small Farm Holdings and Improving Credit Conditions to Foster Future Growth

Indonesia Agricultural Machinery Market Outlook to 2020 – Integration of Small Farm holding Structure and Government Support to Foster Growth

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications


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