South East Asia Farm Equipment Market - Forecast(2021 - 2026)

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• The increasing unavailability of farm laborers
  and growing mechanization of agriculture, and
  demand for various tractor with different
  horsepower are boosting the sales of agriculture
  tractors in South East Asia.
• Increasing demands for power, precision,
  handling, and efficiency have shaped the
  development of the modern planter tractor and
  continue to drive the development of these
  tractors.
• In developing countries, the demand for lower HP
  tractors is high due to the low disposable income
  of farmers and high labor cost.

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• Key Takeaways
• The cost of farm labor has a direct relationship
  with the percentage of the total population of a
  country employed in agriculture, considering
  simple demand-supply economics, thereby affecting
  the agricultural tractors market in South East
  Asia.
• On average, developing economies have larger
  percentages of the population dependent on
  agriculture.
• However, the percentages have decreased over
  time as a large number of people are migrating to
  the urban area every year.

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By Geography - Segment Analysis The Philippines
is the largest tractor importer of Vietnam,
followed by the Netherlands, the United States,
Laos, and Australia. In 2016, Vietnam exported
20.8, worth USD 2.5 million of total tractor
exports, while it registered tractor export value
of USD 2.0 million from the Netherlands, USD 1.9
million from the United States, USD 1.0 million
from Laos, and USD 0.8 million from Australia.
Hoang Huy Hoang Co. Ltd and Minh Luan Trading
Private Enterprise are the largest farm tractor
exporters in the country and accounted for around
50 of the exports in terms of quantity.
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• South East Asia Farm Equipment Market - Out Look
• Chr. Hansen,
• Döhler Group,
• alsec,
• ADM,
• DSM,
• Naturex,
• DowDuPont,
• DDW, Fiorio.

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South East Asia Farm Equipment Market
-Forecast(2021 - 2026) Learn More About The
Report_at_ https//www.industryarc.com/Report/19028/s
outh-east-asia-farm-equipment-market
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• Data Tables
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• https//www.industryarc.com/purchasereport.php?id
  19028

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