How Used Tractor Market Is Positioned In Thailand?

The Used Tractor Market in Thailand has seen significant growth in last decade supported by increase in millennials population in the country and also with the entry of emergent players into the market.

Tractor dealers are emphasizing on providing integrated user-friendly platforms to ease the buyer’s journey of used tractors. These trends and developments are changing the used tractor industry on a positive note with promising future growth.

The Used Tractor Market in Thailand is segmented on the basis of total number of used tractor units sold with a CAGR of ~% over the period 2017-2021 with total Revenue generated ~% in THB Mn.

Thailand Used Tractor Market Segmentation

Thailand Used Tractor Market is at growing stage and has a high potential with growth opportunities like movement towards electric tractors, organic farming, digital transformation, and growing trend of upgrading vehicles.

By Market Structure:

Market is dominated by Kubota. It is highly concentrated. Two companies form more than 85% of the market share.

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By Distribution Channel

A growth of ~is expected in the offline channel distribution of used tractors.

The major revenue from the sales of used tractors continues to be offline channel in 2027F also.

The revenue from financial institution and Online channels are ~and ~in 2027F.

Thailand Used Tractor Market

Thailand used tractor market is growing from last couple of years and expected to grow in future. The increased agricultural production capacity and increased preference for efficient machines are some of the key strengths while the volatility of commodity prices is a potential threat.

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Thailand Used Tractor Market Future Outlook and Projections

The Thailand Used Tractor Market is expected to grow at a ~% CAGR on the basis of Revenue and ~% on the basis of Sales Volume in Units. With the market at rebound stage, factors such as attractive pricing, government pivotal role, easy financing option, digital advancement, tech-enabled value services by companies will drive the used car market in the near future.

Thailand Used Tractor Market

Segmentation on basis of power

Less Than 35 HP

36-50HP

51-75HP

76-100HP

100HP+

Segmentation on basis of purpose

Agriculture

Construction

Segmentation on basis of reason

North East (Isan)

Central (Siam)

North (Lanna)

South

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Segmentation Basis Sale Distribution Channel

Offline Channel

Financial Institution/Auction

Online Channel

Segmentation Basis Price (THB)

Less than 300,000 baht

300,001-400,000

4 00,00- 600,00

600,00+

Segmentation Basis Usage(hours)

Less than 500 hours

501-1500

1501-3000

3001-5000

5000+

Key Target Audience

OEMs

Multi-Brands

Online Used Tractor Portals

Used Tractor Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Tractor Dealerships

Used Tractor Industry

Used Tractor Manufacturing Companies

Used Tractor Distributors

Used Tractor Auction Houses

Used Tractor Associations

Time Period Captured in the Report:

Base Year: 2021

Forecast Period: 2022–2027F

Key Target Audience

Used Tractor Companies

OEMs

Multi-Brands

Online Used Tractor Portals

Used Tractor Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Tractor Dealerships

Used Tractor Industry

Used Tractor Manufacturing Companies

Used Tractor Distributors

Used Tractor Auction Houses

Used Tractor Associations

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Time Period Captured in the Report:

Base Year: 2022

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 Used Tractor Market
Thailand Agricultural Market Overview

Thailand Used Tractor Finance Market

Market Ecosystem

Value chain Analysis

Detailed Analysis on Thailand Used Tractor Market (Market Size, 2022 Market Structure; Market Segmentations; Competition; Future Market Size, 2027); Future Trends and the Way Forward

Snapshot on E- Tak

Snapshot on Climate Change and its impact

Snapshot on other agricultural vehicles

Snapshot on Electric Tractors

Snapshot on Farmers Education

Snapshot on usages of tractors

Companies Covered:

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 Automotive Market Overview

Thailand Agricultural Market Overview

Thailand Used Tractor Finance Market

Market Ecosystem

Value chain Analysis

Detailed Analysis on Thailand Used Tractor Market (Market Size, 2022 Market Structure; Market Segmentations; Competition; Future Market Size, 2027); Future Trends and the Way Forward

Snapshot on E- Tak

Snapshot on Climate Change and its impact

Snapshot on other agricultural vehicles

Snapshot on Electric Tractors

Snapshot on Farmers Education

Snapshot on usages of tractors

For more information on the research report, refer to below link:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/thailand-used-tractor-market-outlook-to-2027/596072-104.html

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