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Myanmar Agriculture Machinery Market, Agriculture Machinery Market, Major Staple Crops Produced in Myanmar, Trade Scenario of Food Crops in Myanmar, Myanmar Agricultural Mechanization: Ken Research

04-26-2021 04:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Myanmar Agriculture Machinery Market, Agriculture Machinery

How is Myanmar Agricultural Equipment Market Positioned?
Overview: The Agriculture Sector in Myanmar is undergoing transformation. Paddy, Sugarcane and Maize are the most grown crop in the region. Ayeyawady, Bago, Yangon, Mandalay, Magway and Mon State are some of the most fertile regions in the country. The total arable land in Myanmar is ~49 Mn Acres, with number of farmers around 7.2 Mn as of March, 2018. The average farm size in the country was 2.7 Hectares as of 2017. Major Export partners for crops are China, India, Philippines, Cameroon and other South East Asian and European Countries. In 2018-19, Agriculture contributed MMK 14,426.6 Mn, increasing from MMK 12,959.2 Mn. However, the percentage contribution decreased overall.

Market: The market is currently in growth stage, in which the demand is highest for Power Tillers. The market is completely import oriented with majority of imports coming in from China, India and Thailand. The government’s effort to improve mechanization, low down payment on equipment loans, increasing brand presence, increase in custom works and other factors has helped in development of the market. The Agriculture Equipment market in Myanmar increased at a CAGR of ~% on the basis of sales volume and on the other hand, the market witnessed a CAGR of ~% on the basis of revenue during the same period.

Myanmar Agricultural Tractor Market
The tractors market in Myanmar majorly consists of 2Wheel Tractors/Power Tillers and 4Wheel Tractors. Power Tillers are the most selling equipment in Myanmar. Majority of Power Tillers are sold by Chinese Brands due to their low pricing. In 4W tractors, farmers prefer to purchase large HP tractors of brands such as Sonalika, John Deere and New Holland. Paddy Farmers prefer to purchase Kubota Tractors. Chinese Brands are popular in the market due to low pricing. However, those products are considered of cheap quality. The market witnessed a CAGR of ~% in terms of sales quantity during 2014-2020P and reached a value of MMK ~Bn in 2020P.

Myanmar Combine Harvesters Market
Combine Harvesters are useful for farmers as they speed up the harvesting time. These equipments were introduced in market after 2010; therefore the market is still in its growth phase. However, the high prices of these equipments have restricted the market growth. Factors such as low down payments, easy installments, government initiatives and others will help in development of the market. The market was valued at MMK ~ Bn in 2014 registering a CAGR of ~% during 2014-2020 and reaching to a value of MMK ~ Bn in 2020.
Mostly, companies operating in the organized market are offering combine harvesters of 70 HP and Above. The demand is growing for corn combine harvesters and brands such as John Deere are planning to launch their combine harvesters in the market soon.

The farmers aspire to purchase Kubota and Yanmar Combine Harvesters in the region. However, combine harvesters are quite expensive which has been a major barrier in the growth of the market. Many farmers are purchasing combine harvesters in order to fulfill custom work requirements. This helps them in getting another source of income.
Myanmar Combine Harvesters Market
Implements market was valued at MMK ~ Bn in terms of revenue and witnessed a positive CAGF during the study period of 2014-2020. The demand for implements is facilitated by the high demand for 4 wheel tractors in the region. Many tractor dealers are offering 1 implement complimentary on purchase of a new tractor in order to attract more customers. Ayeyarwady, Bago, Yangon, Mon State, Mandalay and Magway are some of the regions which have high demand for agriculture implements in the country. The growth in agricultural mechanization status has increased the demand for implements in the region. Rotary Tillers and Disc Harrows are the top most selling equipments in the region. Implements are mostly used for softening the soil which helps in plantation. Tractor implements include Disc Plough, Disc Furrow, Fertilizer Spreaders, Rotavators and others.

Comparative Landscape in Myanmar Agriculture Equipments Market
Competition in the Myanmar Agriculture Equipment Market was observed to be fragmented, with presence of both international and Chinese players. The market is completely dependent on imports with zero local production. Major players in the market are Kubota (preferred by paddy farmers), Sonalika, John Deere and New Holland. In Chinese players, major companies are Dongfeng, Shifeng, WZ, YTO, Lovol, Zoomlion and others. In Combine Harvesters, Kubota and Yanmar are having the dominance in the market. Major Parameters for competition are Pricing, Brand Name, Distributorship Network, After Sales Service and Others.

Myanmar Agriculture Equipment Market Future Outlook and Projections
The Myanmar Agriculture Equipment Market will witness a good growth in future. Some of the major growth drivers in the market are easy access to finance, low mechanization rate, government support through Agriculture Mechanization Department, Private-Public Partnership. The market will witness high growth for combine harvesters. The Agriculture equipment market is expected to reach at a value of MMK ~ Bn in 2025, witnessing a CAGR of ~% during 2020-2025.

Key Segments Covered:
Total Myanmar Agriculture Machinery Market: By Product Type
Tractors
Combine Harvesters
Implements
Myanmar Tractor Market
By Product Type
Two Wheeler Tractor
Four Wheeler Tractor
By Power
Less than 40HP
From 40HP to 70HP
Above 70HP
By State
North
Central
South
Myanmar Combine Harvester Market
By State
North
Central
South
Companies Covered
Kubota Myanmar Co., Ltd.
Sonalika
Yanmar Myanmar Co., Ltd.
New Holland
John Deere
Mahindra
Chinese Players (Dongfeng, Iseki, Shifeng, Yto, Wuzheng Group and Others)
Key Target Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors & Authorized Dealerships

Time Period Captured in the Report:-
Historical Period – 2014-2020
Forecast Period – 2020-2025
Key Target Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors & Authorized Dealerships

Key Topics Covered in the Report:-
Executive Summary
Country Overview
Agriculture Overview in Myanmar
How do Farmers operate in Myanmar?
Supply Side of Myanmar Agriculture Machinery Market
Myanmar Tractors and Combine Harvesters Market, 2014-2025
Snapshot on Rental Agriculture Equipment Business in Myanmar
Snapshot on Second Hand Machinery Market in Myanmar
Financing for Agriculture Machinery in Myanmar
Comparative Landscape in Myanmar Agriculture Machinery Market
Impact of COVID-19 on Myanmar Agriculture Machinery Market
Myanmar Future Outlook & Projections, 2020-2025
Analyst Recommendations

For More Information on The Research Report, Refer to Below Link:
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/myanmar-agriculture-machinery-market-outlook-to-2025/427146-104.html

Related Reports:-
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/thailand-agricultural-machinery-market-outlook/344772-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/us-tractor-and-combine-harvesters-market-outlook/278585-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/philippines-agricultural-equipment-market-outlook/248571-104.html

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

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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