Vietnam Agriculture Equipment Market Outlook (2021-2027) | Value, Trends, Companies, Growth, Share, Analysis, Size, COVID-19 IMPACT, Industry, Forecast & Revenue
Market Forecast By Products (Tractors (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Threshers (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Power Tillers (Up To 30 HP And 30.1 HP- 70 HP), Rotavators (Up To 30 HP, 30.1 HP- 70 HP And 70.1 HP- 130 HP) And Others Including Rice Transplanters, Weeders, Excavators And Farm Carriers)) And Competitive Landscape
| Product Code: ETC160077 | Publication Date: Feb 2022 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Agriculture Equipment Market Competition 2023
Vietnam Agriculture Equipment market currently, in 2023, has witnessed an HHI of 1861, Which has increased slightly as compared to the HHI of 1676 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Vietnam Export Potential Assessment For Agriculture Equipment Market (Values in USD Thousand)
Vietnam Agriculture Equipment Market Overiew
The Vietnam Agriculture Equipment market is witnessing transformative changes with the adoption of modern farming technologies. Farmers are increasingly investing in advanced equipment such as tractors, harvesters, and irrigation systems to optimize agricultural operations. Government support in the form of subsidies and incentives further accelerates the adoption of agricultural equipment. The market is characterized by the presence of both domestic and international players, fostering competition and technological innovation. Sustainable and precision farming practices are emerging trends that are expected to shape the future of the agriculture equipment market in Vietnam.
Drivers of the Market
The Vietnam Agriculture Equipment market is propelled by the modernization of farming practices and the need for increased efficiency in agricultural operations. The adoption of advanced equipment such as tractors, harvesters, and irrigation systems is on the rise. Government support, including subsidies and incentives, encourages farmers to invest in modern agriculture equipment. The increasing focus on precision farming and smart agriculture also contributes to the growth of this market.
Challenges of the Market
The Vietnam Agriculture Equipment market faces several challenges that impact its growth and sustainability. One significant challenge is the reliance on traditional farming methods in certain regions, hindering the widespread adoption of modern agricultural equipment. The high upfront costs associated with advanced machinery also pose a barrier for many small-scale farmers. Additionally, inadequate infrastructure in rural areas limits the accessibility and maintenance of agricultural equipment. The lack of awareness and education about the benefits of modern farming technology further contributes to the slow adoption rate. Overcoming these challenges requires comprehensive initiatives that address both financial barriers and educational gaps, fostering a shift towards more efficient and sustainable agricultural practices.
COVID 19 Impact on the Market
The Vietnam Agriculture Equipment market faced initial challenges during the pandemic, with disruptions in manufacturing and logistics. However, as the importance of mechanized farming became evident, there is a growing demand for advanced agriculture equipment. The market has an opportunity to evolve by introducing innovative and efficient machinery that enhances productivity, reduces labor dependency, and contributes to sustainable agricultural practices.
Key Players in the Market
In the Vietnam agriculture equipment market, key players such as Vietfarm Agricultural Machinery Company Limited are instrumental in providing a wide range of agricultural machinery and equipment. Thaco Agricultural Machinery Company Limited, a subsidiary of the Tr??ng H?i Auto Corporation, is another significant player contributing to the market. These companies, alongside others like Kubota Corporation, play a crucial role in advancing the mechanization of Vietnam`s agriculture sector through the provision of modern and efficient farming equipment.
Frequently Asked Questions About the Market Study (FAQs):
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Methodology Adopted and Key Data Points |
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2.5. Assumptions |
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3. Vietnam Agriculture Equipment Market Overview |
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3.1. Vietnam Agriculture Equipment Market Revenues and Volume, 2017-2027F |
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3.2. Vietnam Agriculture Equipment Market Industry Life Cycle, 2018 |
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3.3. Vietnam Agriculture Equipment Market Porter’s Five Forces |
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3.4. Vietnam Agriculture Equipment Market Revenue and Volume Share, By Equipment, 2020 & 2027F |
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4. Vietnam Agriculture Equipment Market Dynamics |
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4.1. Impact Analysis |
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4.2. Market Drivers |
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4.3. Market Restraints |
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5. Vietnam Tractor Market Overview |
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5.1. Vietnam Tractor Market Revenues and Volume, 2017-2027F |
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5.2. Vietnam Tractor Market Revenue Share, By HP Range, 2020 & 2027F |
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5.3. Vietnam Tractor Market Volume Share, By HP Range, 2020 & 2027F |
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5.4. Vietnam Tractor Market Revenues and Volume, By HP Range, 2017-2027F |
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5.5. Vietnam Tractor Market Price Trend, By HP Range, 2017-2027F |
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6. Vietnam Harvester Market Overview |
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6.1. Vietnam Harvester Market Revenues and Volume, 2017-2027F |
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6.2. Vietnam Harvester Market Revenue Share, By HP Range, 2020 & 2027F |
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6.3. Vietnam Harvester Market Volume Share, By HP Range, 2020 & 2027F |
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6.4. Vietnam Harvester Market Revenues and Volume, By HP Range, 2017-2027F |
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6.5. Vietnam Harvester Market Price Trend, By HP Range, 2017-2027F |
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7. Vietnam Thresher Market Overview |
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7.1. Vietnam Thresher Market Revenues and Volume, 2017-2027F |
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7.2. Vietnam Thresher Market Revenue Share, By HP Range, 2020 & 2027F |
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7.3. Vietnam Thresher Market Volume Share, By HP Range, 2020 & 2027F |
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7.4. Vietnam Thresher Market Revenues and Volume, By HP Range, 2017-2027F |
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7.5. Vietnam Thresher Market Price Trend, By HP Range, 2017-2027F |
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8. Vietnam Pumps Market Overview |
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8.1. Vietnam Pumps Market Revenues and Volume, 2017-2027F |
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8.2. Vietnam Pumps Market Revenue Share, By HP Range, 2020 & 2027F |
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8.3. Vietnam Pumps Market Volume Share, By HP Range, 2020 & 2027F |
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8.4. Vietnam Pumps Market Revenues and Volume, By HP Range, 2017-2027F |
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8.5. Vietnam Pumps Market Price Trend, By HP Range, 2017-2027F |
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9. Vietnam Power Tiller Market Overview |
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9.1. Vietnam Power Tiller Market Revenues and Volume, 2017-2027F |
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9.2. Vietnam Power Tiller Market Revenue Share, By HP Range, 2020 & 2027F |
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9.3. Vietnam Power Tiller Market Volume Share, By HP Range, 2020 & 2027F |
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9.4. Vietnam Power Tiller Market Revenues and Volume, By HP Range, 2017-2027F |
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9.5. Vietnam Power Tiller Market Price Trend, By HP Range, 2017-2027F |
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10. Vietnam Rotavator Market Overview |
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10.1. Vietnam Rotavator Market Revenues and Volume, 2017-2027F |
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10.2. Vietnam Rotavator Market Revenue Share, By HP Range, 2020 & 2027F |
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10.3. Vietnam Rotavator Market Volume Share, By HP Range, 2020 & 2027F |
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10.4. Vietnam Rotavator Market Revenues and Volume, By HP Range, 2017-2027F |
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10.5. Vietnam Rotavator Market Price Trend, By HP Range, 2017-2027F |
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11. Vietnam Other Agriculture Equipment Market Overview |
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11.1. Vietnam Other Agriculture Equipment Market Revenues and Volume, 2017-2027F |
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12. Vietnam Key Performance Indicators |
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13. Vietnam Agriculture Equipment Market Opportunity Assessment |
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13.1. Vietnam Agriculture Equipment Market, Opportunity Assessment, By Equipment, 2027F |
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14. Vietnam Agriculture Equipment Market Competitive Landscape |
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14.1. Vietnam Agriculture Equipment Market Revenue Share, By Companies, 2020 |
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15. Company Profiles |
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16. Strategic Recommendations |
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17. Disclaimer |
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