Southeast Asian Agriculture Equipment Market Analysis Report 2022: Seeding, Planting, and Irrigation Equipment accounted for the Largest Share of 31.3% in 2021

DUBLIN, February 22, 2022–(BUSINESS WIRE)–The “Southeast Asia Agriculture Equipment Market – Strategic Assessment & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s providing.

The Southeast Asian agriculture gear market dimension will probably be valued at USD 13.1 billion and to succeed in a quantity of 16,92,905 models by 2028, rising at a compound annual progress price (CAGR) of 7.20% by quantity throughout 2022-2028.

Market Insights:

• Rising revenue and transformation of meals consumption pushing the demand for natural meals merchandise, thus driving demand in the South-east Asian agriculture gear market

• The Indonesian authorities has invested in the improvement of rice science institutes for adopting new agriculture applied sciences to extend crop yield.

• The Southeast Asian authorities is taking initiatives to extend crop yield. The land preparation gear helps velocity up crop cultivation by offering tender soil mass for transplanting and rushing.

The agriculture business is a crucial contributor to GDP in the southeast Asian area. Indonesia, Vietnam, and Malaysia are the main producer and exporter of rice throughout the globe. Countries corresponding to Malaysia, Vietnam and Thailand are going through challenges of labor scarcity, thus there’s a demand for digitization and automation in the area. The authorities initiatives to deal with technological adoption in agriculture business is predicted to attract extra funding in the business.

Key Report Highlights:

• Seeding, planting, and Irrigation gear account for the largest share of 31.3% in 2021.

• The pandemic has triggered demand for natural and wholesome meals consumption, which pushes the demand for agricultural produce in the area. So, the governments in the area are specializing in growing crop yield.

Market Segmentation:

• The upsurge in demand for natural and wholesome meals post-pandemic has triggered the want for the fertile land. Therefore, the cultivators are anticipated to have strong demand throughout the forecast interval in the Southeast Asia agricultural tractors market

• Indonesia, Thailand, and Vietnam are the main producers of rice and maize in the area. So, the demand for seedling crops and irrigation gear is predicted to rise because of authorities funding in latest applied sciences for enhancing rice manufacturing.

• The labor scarcity points in Malaysia, Indonesia, and Thailand have triggered seed drillers in the agriculture business throughout the area. The demand is predicted to extend because of authorities initiatives corresponding to crop insurance coverage and automation in the agriculture business, thus surging the demand in the area’s powered agriculture gear market.

• The labor scarcity and governments’ goal to introduce automation in the agriculture business has surged the demand for energy weeders in the area in comparison with machinal weeders.

Story continues

Vendor Landscape

• The key gamers in the Southeast Asia agriculture gear market are John Deere, AGCO, Mahindra & Mahindra Ltd, CNH Industrial, Kubota Corporation, CLASS, Changzhou Dongfeng Agriculture Machinery Group Co. Ltd, Jiangsu Changfa Agriculture Equipment co Ltd, Weichai Lovol & Shandong Heavy Industry, SDF Group, YTO Group, and Yanmar.

• CNH industrial applied a decarbonization technique and is planning to develop new product strains by 2022 and 2024 by implementing different gasoline engines, pure fuel engine expertise, and different gasoline tractors.

Major Vendors

• John Deere

• AGCO

• Mahindra & Mahindra ltd

• CNH Industrial

• Kubota Corporation

• CLASS

• Changzhou Dongfeng Agriculture Machinery Group co. Ltd

• Jiangsu Changfa Agriculture Equipment co Ltd

• Weichai Lovol & Shandong Heavy Industry

• SDF Group

• YTO Group

• Yanmar

Distributor Profile

• Cans Agrinusa

• PT Wahana Inti Selaras

• ETM Valstar Tractors

• Cans Agrinusa

• ALL Planters

Key Questions Answered:

• What is the dimension and share of the Southeast Asia agriculture gear market?

• What is the key market driver for the progress of the Southeast Asia agriculture gear market?

• What are the gardening and agriculture gear market alternatives in the Southeast Asia agriculture gear market?

• Who are the key gamers in the Southeast Asia agriculture gear market?

• What are the sorts of agriculture gear mentioned in the report?

For extra details about this report go to https://www.researchandmarkets.com/r/xci83n

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