Malaysia Agricultural Tractors Market (2020-2026) | Share, Growth, Value, Forecast, Size, Analysis, Outlook, Revenue, Trends, Industry, Segmentation & COVID-19 IMPACT

Malaysia Agricultural Tractors Market | Country-Wise Share and Competition Analysis

In the year 2021, Japan was the largest exporter in terms of value, followed by China. It has registered a growth of 112.21% over the previous year. While China registered a growth of 31.4% over the previous year. While in 2017 Japan was the largest exporter followed by China. In terms of Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 1817 in 2017 which signifies moderately concentrated while in 2021 it registered a Herfindahl index of  2590 which signifies high concentration in the market

Malaysia Agricultural Tractors Market - Export Market Opportunities

Latest 2023 Developments of the Malaysia Agricultural Tractors Market

The Malaysia Agricultural Tractors Market is experiencing significant developments. One of the major developments in the industry is the adoption of precision farming practices, which need advanced technologies such as GPS as well as sensors integrated into tractors that help enable accurate planting, fertilizing, and accurate harvesting.  Sustainable agricultural practices are another key development of the market and these practices reduce greenhouse gas emissions and prioritize environmental conservation. Additionally, numerous government initiatives that support local farmers are introduced in order to boost agricultural growth in the nation. For example, under the Agrofood Policy 2021-2030, farmers attain subsidies for purchasing tractors as well as other machinery important for modern farming practices.

Topics Covered in the Malaysia Agricultural Tractors Market Report

The Malaysia Agricultural Tractors Market report thoroughly covers the market by drive type, system type, design type, power output, and applications. The 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.

Malaysia Agricultural Tractors Market Synopsis

The Malaysia Agricultural Tractors Market has been rising steadily and is projected to attain significant growth over the forecast period. The rising demand for food owing to a faster-expanding population is among the primary drivers for the market.

According to 6Wresearch, the Malaysia Agricultural Tractors Market size is anticipated to grow during 2020-2026. Since more people move into urban areas and cities, there is a growing demand for food and the sector is making efforts for its agricultural productivity so it can meet the food demand of people this led to a rise in the adoption of modern farming techniques like mechanization that needs tractors. The government initiatives are another driver which is stimulating the Malaysia Agricultural Tractors Market Growth. The government of the nation has implemented many policies as well as incentives to support farmers and motivate them to adopt modern farming practices. Technological advancements are also shaping the growth of the market. Modern tractors are equipped with smart features like GPS systems which allow precision farming by optimizing crop yields while reducing input costs. High costs associated with tractors, inadequate infrastructure, climate change, and lack of technical knowledge among local farmers are some key challenges that can pose the growth of the sector.

COVID-19 Impact on the Malaysia Agricultural Tractors Industry

The COVID-19 pandemic had a major impact on the industry in the country. The lockdown restrictions as well as decreased workforce in 2020 led to a reduction in demand for tractors, which significantly affected sales and production. Since agriculture is a prominent sector, it was enabled to continue operating with a number of safety measures. However, farmers in the country faced many challenges owing to the disruptions in the supply chains of machinery and spare parts. In addition, financial constraints which were caused by the coronavirus pandemic resulted in a number of farmers canceling or deferring their purchasing plans, and this further affected Malaysia Agricultural Tractors Share since manufacturers of tractors struggled to manage their revenue.

Malaysia Agricultural Tractors Market: Key Players

There are a number of companies running in the sector and some major players in the market include:

• John Deere
• Kubota Corporation.
• Massey Ferguson,
• New Holland Agriculture
• Mahindra & Mahindra Ltd.

Market by Driver Type

The Agricultural Tractors Market in Malaysia based on driver type is classified into Two-Wheel Drive and Four-Wheel Drive. The two-wheel drive registered the major share in the sector and it will maintain its dominance in the market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Malaysia Agricultural Tractors Market Outlook
• Market Size of Malaysia Agricultural Tractors Market, 2019
• Forecast of Malaysia Agricultural Tractors Market, 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Revenues & Volume for the Period 2016 - 2026
• Malaysia Agricultural Tractors Market Trend Evolution
• Malaysia Agricultural Tractors Market Drivers and Challenges
• Malaysia Agricultural Tractors Price Trends
• Malaysia Agricultural Tractors Porter's Five Forces
• Malaysia Agricultural Tractors Industry Life Cycle
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Drive Type for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Two-wheel drive for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Four-wheel drive for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By System Type for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Without loaders for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Front loaders for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Backhoe loaders for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Design Type for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Tractor without CAB for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Tractor with CAB for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Power Output for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By <30 hp for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By 31-100 hp for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By 101-200 hp for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By 201-300 hp for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By >300 hp for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Row Crop Tractors for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Orchard Tractors for the Period 2016 - 2026
• Historical Data and Forecast of Malaysia Agricultural Tractors Market Revenues & Volume By Other Applications for the Period 2016 - 2026
• Malaysia Agricultural Tractors Import Export Trade Statistics
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By System Type
• Market Opportunity Assessment By Design Type
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Applications
• Malaysia Agricultural Tractors Top Companies Market Share
• Malaysia Agricultural Tractors Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Agricultural Tractors Company Profiles
• Malaysia Agricultural Tractors Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Drive Type

• Two-Wheel Drive
• Four-Wheel Drive

By System Type

• Without Loaders
• Front Loaders
• Backhoe Loaders

By Design Type

• Tractor Without CAB
• Tractor With CAB

By Power Output

• <30 Hp
• 31-100 Hp
• 101-200 Hp
• 201-300 Hp
• >300 Hp

By Applications

• Row Crop Tractors
• Orchard Tractors
• Other Applications

Malaysia Agricultural Tractors Market: FAQS