High Focus on Agriculture Sector: Myanmar has been an agriculture dependent country historically. Currently, agriculture sector employs more than 60% of the country’s population; therefore it is one of the top developmental priorities for the government. The agriculture sector accounted for one-third of the Myanmar Economy in 2011, valued at USD 19.5 Bn. However, it declined lately contributing to one-fourth of the economy, with a value of USD 17.5 Bn. Therefore, in The National Export Strategy (NES) 2015-2018 and the updated NES 2025, special emphasis has been put on developing agriculture as a priority sector for exports. In agriculture, special focus has been given to rice, pulses, beans, oilseed crops, fishery, and rubber. The aim is to tackle the fluctuations in supply of agriculture products through a structured roadmap, by assigning financial, technical and institutional resources.
High Exports of Agricultural Products: Myanmar is the Asia’s largest pulses and beans exporter and second largest globally after Canada. Till the Financial Year, 2016-2017, agri-commodity contributed the highest foreign exchange for Myanmar. During 1st October 2018 to 31st August 2019, the country earned about USD 930 Mn from exporting about 1.5 Mn Tons of different beans and pulses. India majorly imports mung beans and pigeon peas whereas China and other European nations import green gram. Paddy comprised of 30.7% of the agriculture products and 4% of the total products exported from Myanmar in 2018-2019 on the basis of value. Major regions where rice & rice products (Paddy) are exported are China, Philippines, Cameroon, Belgium, Netherlands, Indonesia, Vietnam and others South East Asian & European Countries.
Developing Modern and Mechanized Agriculture: Developing mechanized agriculture is one of the key priorities for the government. Farmers are motivated to use more machine equipments to increase the crop productivity, resulting in higher yield. Government has also worked upon implementing an efficient funding system so that farmers can avail loans easily, and work upon exporting agro-commodities and produce value added finished goods.
The report titled “Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government’s Focus on Agriculture Mechanization in the Country” by Ken Research provides a comprehensive analysis on the performance of the agriculture machinery market in Myanmar. The report covers various aspects including sales value, volume, trends & developments, issues & challenges faced by the industry, competition landscape, financing players, and others. It also covers the country overview, regulatory framework, agricultural overview of Myanmar, land under cultivation, changes in the cropping patterns, farm holding structure & scale of mechanization. The report concludes with the projections for the future of industry including forecasted sales value and volume; future projections by product type and regional demand by the year ending 2025, COVID-19 impact, and analyst recommendations highlighting the major opportunities and cautions in the industry. The market is expected to register a positive six year CAGR of 25.1% and 27.1% in terms of sales value and volume respectively during the forecast period 2020-2025. Tractors market, combine harvesters market and implements market in Myanmar is further expected to grow at revenue CAGR of 30.0%, 18.0% & 27.3% respectively and volume CAGR of 30.0% & 18.0% respectively during forecast period 2020-2025.
Key Segments Covered:
Total Myanmar Agriculture Machinery Market: By Product Type
Tractors
Combine Harvesters
Implements
Myanmar Tractor Market
By Product Type
Two Wheeler Tractor
Four Wheeler Tractor
By Power
Less than 40HP
From 40HP to 70HP
Above 70HP
By State
North
Central
South
Myanmar Combine Harvester Market
By State
North
Central
South
Companies Covered
Kubota Myanmar Co., Ltd.
Sonalika
Yanmar Myanmar Co., Ltd.
New Holland
John Deere
Mahindra
Chinese Players (Dongfeng, Iseki, Shifeng, Yto, Wuzheng Group and Others)
Key Target Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors & Authorized Dealerships
Time Period Captured in the Report:-
Historical Period – 2014-2020
Forecast Period – 2020-2025
Key Target Audience
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors & Authorized Dealerships
Key Topics Covered in the Report:-
Executive Summary
Country Overview
Agriculture Overview in Myanmar
How do Farmers operate in Myanmar?
Supply Side of Myanmar Agriculture Machinery Market
Myanmar Tractors and Combine Harvesters Market, 2014-2025
Snapshot on Rental Agriculture Equipment Business in Myanmar
Snapshot on Second Hand Machinery Market in Myanmar
Financing for Agriculture Machinery in Myanmar
Comparative Landscape in Myanmar Agriculture Machinery Market
Impact of COVID-19 on Myanmar Agriculture Machinery Market
Myanmar Future Outlook & Projections, 2020-2025
Analyst Recommendations
For More Information on The Research Report, Refer to Below Link:
Agriculture Machinery Market in Myanmar
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
