Vietnam Agricultural Mechanization Market Outlook to 2020 – Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth

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Vietnam Agricultural Mechanization Market Outlook to 2020 – Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth

 May 18 2016, Gurgaon

  • The 2025 projection for GDP of Vietnam is estimated to be USD 413.5 billion while the GDP (PPP) of the country is expected to reach USD 1,209.4 billion
  • The future estimates indicate the contribution of the agriculture sector to decline in 2016 to 17.9% and by 2020; the sector is estimated to contribute 18.7% to overall GDP
  • The revenues from the overall agriculture equipments market increased from USD 4 million in 2010 to USD 279.5 million in 2015, accounting for a CAGR of 6.8%
  • Changes in labour force pattern, improving credit environment, government support for agricultural mechanization and a strong replacement demand are expected to drive the growth of agricultural equipments in Vietnam

Ken Research announced its latest publication on “Vietnam Agricultural Mechanization Market Outlook to 2020 – Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth” provides a comprehensive analysis of the agricultural machinery market in Vietnam. The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters and Tractor Implements. The segmentation for Tractors, Combine Harvesters and Rice Transplanters has been created on the basis of Horsepower while the segmentation for Tractor Implements has been showcased by products. The report also covers the market share, competitive landscape and working business model of major manufacturers, along with warranty policies and distribution channels of agricultural equipments. In addition to this, the report also covers the country overview, government regulation and agricultural overview of Vietnam. GDP, Per Capita Income and Population Demographics are analyzed in country overview. Land under cultivation, Changes in cropping patterns, farm holding structure and scale of mechanization are covered in agricultural overview. Regulatory policies, the import duty structure, certification and emission standard, subsidies and financing options are covered in government regulation. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The revenues from the overall agriculture equipments market increased from USD ~ million in 2010 to USD ~ million in 2015, accounting for a CAGR of ~% during the same period. The contribution by the tractor market to the overall market stood at ~% in 2015. Harvesters and Rice Transplanters contributed ~% and ~% respectively, to the overall revenues of the agriculture equipment market. In addition to this, the tractor implements market contributed approximately ~ % to the overall agriculture equipment market.

The revenue from the tractor market in Vietnam increased from USD ~ million in 2010 to USD ~ million in 2015, achieving a CAGR of ~% during the same period. The market revenue for Rice Transplanters increased from USD ~ million in 2010 to USD ~ million in 2015, accounting for a CAGR of ~% from 2010-2015. The market revenue from combine harvesters increased from USD ~ million in 2010 to USD ~ million in 2015, accounting for a CAGR of ~% during the same period. The revenues from the tractor implement market augmented from USD ~ million in 2010 to USD ~ million in 2015, accounting for a CAGR of ~% during the same period.

“According to Research Analyst at Ken Research- A numbers of leading players in the market are importing products from other Asian countries such as China and Japan as import tariff has been reduced to 0%. These players should focus on manufacturing the products locally as the scenario of domestic manufacturing of agricultural machinery is poor in Vietnam. Additionally, since imports are not controlled, it leads to unfair competition between the domestic and foreign manufacturers. The government should provide more support to local manufacturers in order to enhance domestic production of agricultural machinery in the country.

Key Topics Covered in the Report:

Country Overview

Gross Domestic Product (GDP) of Vietnam

Key Factors Driving Growth in GDP

Contribution to GDP: Agriculture, Manufacturing and Service Sector

Population Demographics

  • Rural to Urban Population
  • Agriculture and Non-Agriculture Population

GDP Per Capita of Vietnam

Logistics Cost

Agricultural Overview

Total Land under Cultivation

Distribution by Major Crops – Rice, Sugarcane, Cassava and Rubber

Changing Cropping Patterns in Vietnam and Factors Driving Change

Farm Holding Structure in Vietnam

  • Number of Farms and Farm Holding Size
  • Nature of Ownership

Regulatory Policies Impacting Farm Holding Structure

Agricultural Practices

  • Extensive and Intensive Farming
  • Scale of Mechanization

Irrigated and Non-Irrigated Land

Government Policy Impacting the Agricultural Equipment Market

Regulatory

  • Domestic Vs Importer
  • Farmer
  • National Economic and Social Development Plan

Import Duty Structure

  • Agricultural Tractors
  • Rice Transplanter
  • Combine Harvesters
  • Tractor Implements

Certification

  • Emission Standards

Subsidies

Government Taxes

Finance Options

  • Manufacturer Supported Finance
  • Private Finance

Market for Tractor and Agricultural Implements

Vietnam Agricultural Equipment Market

Tractor Market

Rice Tranplanter Market

Combine Harvester Market

Tractor Implements Market

Key Factors Driving Growth of Agricultural Equipment Market

Market Share and Competitive Landscape of Leading Manufacturers in Vietnam Agricultural Equipments Market

Competitive Landscape of Leading Manufacturers in Vietnam Agricultural Equipments Market

Price Range for Agricultural Equipments

  • Retail Customer Price and Dealer Price

Geographical Distribution of Category Wise Sale of Tractors and Combine Harvesters

Business Model of Major OEM’s in Vietnam Agriculture Equipment Market

Rental and Custom Hiring Market

Region Wise OEM Distribution Channel Points

Tractor and Implements Channel Strategies

After Sales Warranty And Support Policies

Export-Import of Agricultural Equipments in Vietnam

Customer Insight

Decision Making Process for Procurement of Agricultural Equipments

Usage Pattern for Major Agricultural Equipments in Vietnam

Analyst Recommendations

Key Products Mentioned in the Report

Tractors

Combine Harvesters

Rice Transplanters

Tractor Implements

Companies Covered in the Report

Kubota Vietnam

Yanmar Vietnam

VEAM

Vikyno and Vinappro (SVEAM)

Phan Tan Agricultural Machinery Company Ltd

Related Reports:

CHINA AGRICULTURAL EQUIPMENT INDUSTRY OUTLOOK TO 2018 – PROMOTED BY FAVORABLE GOVERNMENT POLICIES

INDIA AGRICULTURAL EQUIPMENT INDUSTRY OUTLOOK TO 2018 – GROWING POTENTIAL OF RICE TRANSPLANTERS MARKET

ASIA PACIFIC AGRICULTURAL EQUIPMENT INDUSTRY OUTLOOK TO 2018 – EXPANDING MARKET FOR LARGE SIZED TRACTORS

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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