Thailand Used Tractor Market Outlook to 2027F – Driven by Technological Advancements and Dominated by Low Engine Power Tractors

Thailand Used Tractor Market Outlook to 2027F – Driven by Technological Advancements and Dominated by Low Engine Power Tractors

The report titled “Thailand Used Tractor Market Outlook to 2027F – Driven by Technological Advancements and Dominated by Low Engine Power Tractors” provides a comprehensive analysis of the used tractor market and sales in Thailand. The report also covers overview and genesis of the industry, used tractor market size in terms of total revenue generated for total used tractor volume sales with average price of used tractor and used to new tractor ratio; along with Used tractor finance market size, New tractor market size and market segmentation by type of market structure, type of tractor, type of manufacturers, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Thailand. The report concludes with future market projections of each used tractor segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.

Detailed Analysis on the Thailand Used Tractor Market: Thailand Used Tractormarket has showcased subdued growth over the past few years supported by growth in agriculture production, surge in average farm size and demand increase for 35-50HP used tractors.

The Thailand Used Tractor market is a moderately concentrated market with John Deere, New Holland, Yanmar, Siam Kubota, Iseki as the market leaders owing to the high market share on the basis of number of used tractors sold.

Due to the increased use of online channels during the COVID, the prominence of offline channels as a method of distribution of used tractors decreased. A major part of the sales distribution occurs through financial institutions or auctions. In case of default, the financial institution repossesses the machinery and auction it, to recover the investment.

Thailand Use Tractor Market Segmentation

By HP: Low Power tractors were dominating the market and it still continues due to the lower relative cost. Demand for mid-range of tractors has grown faster owing to their versatility offered in both agriculture and construction sectors.

By Purpose: The tractors are mostly used for Agricultural operations in Thailand. The farm tractor is used for pulling or pushing agricultural machinery or trailers, for ploughing, tilling, discing, harrowing, and planting.

By Region: 55% of the used tractors sold in Thailand were from Isan in the year 2021. However, the share of Isan in number of used tractors sold is expected to fall by by 2027F. There are irrigation problems and agricultural land size issues in the area making the inhabitants migrate to other regions.

By Distribution Channels: Offline channels has the lion’s share in terms of the distribution channel and is likely to prevail for a long period.

By Usage: The tractors are mostly used for a period of one to ten years. Most of the people prefer to invest on tractors that can be used for more than a year. A long-term investment in used tractors is usually preferred.

By Price: Majority of the used tractors sold in Thailand are the ones available in the range of<300,000 THB, followed by the ones sold in the range of 400,001 – 600,000 THB.

Competition Landscape

The competitive landscape of the industry has also been examined with some of the key players being John Deere, Kubota, Yanmar, Iseki and others which has been further supported by extensive finance availability for used tractors.

Key Segments Covered

Thailand Used Tractor Market Segmentation

By Power

Less than 35 HP

35 – 50 HP

51 – 75 HP

76 – 100 HP

100 HP+

By Region

North East (Isan)

Central (Siam)

North (Lanna)

South

By Purpose

Agriculture

Construction

By Distribution Channel

Offline Channel

Financial Institution/Auction

Online Channel

By Usage Hours

Less than 500 hours

501-1500

1501-3000

3001-5000

5000+

By Price

Less than 30,000 THB

300,001-400,000 THB

4 00,001- 600,000 THB

600,000+ THB

Key Target Audience

OEMs

Multi-Brands

Online Used Tractor Portals

Used Tractor Financing Companies

Government Bodies

Investors & Venture Capital Firms

Time Period Captured in the Report:

Base Year: 2021

Forecast Period: 2022–2027F

Companies Covered:

Major OEMs

Kubota

John Deere

New Holland

Iseki

Yanmar

Major Classifieds

Truck2Hand

Kaidee

Machinio

Farm Machinery

Major Finance and Leasing Market players

Sawad

Heng Leasing

SKL

Yanmar Capital

Major local Dealer/ Sellers

Minsen

Eurotrac Co Ltd

CDN

JPT Tractor

Key Topics Covered in the Report

Thailand Agriculture Market Overview

Thailand Used Tractor Market Overview

Thailand Used Tractor Auction Market

Thailand Online E-commerce Used Tractor Market

Market Ecosystem

Value chain Analysis

Decision Making Parameters for Customers

Offline and Online Business Models

Detailed Analysis on Thailand Used Tractor Market (Market Size, 2021; Market Structure; Market Segmentation; Competition; Future Market Size, 2027; Future Trends and the Way Forward)

Snapshot on Online Used Tractor Platforms in Thailand

Snapshot of Used Tractor Auction House in Thailand

Snapshot of Finance Market in Thailand

Business Opportunity (Customer Profile Analysis)

Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

Please Note:It will take 5-7 business days to complete the report upon order confirmation.