Myanmar Agriculture Machinery Market Outlook to 2025 - Government Initiatives for Modernizing the Agriculture Process and Ease of Financing will Boost the Growth in the Myanmar Agriculture Equipments Market: Ken Research

Shortage of Skilled Farm Labour and Increasing Wages: The daily farm workers in rural parts of Myanmar are shifting to work in construction activities in urban regions such as Yangon and Ayeyarwady. Moreover, some workers are shifting to foreign locations such as Thailand and Cambodia in order to work in tobacco factories, as they offer better monetary opportunities. This has led to shortage of skilled labor in the region, which has driven the wages upwards. Therefore, farmers are upgrading to using equipments such as Tractors and Combine Harvesters, as they are more cost and time efficient. Further, this helps in increasing the yield and productivity.

Low Down Payments and Ease in Financing: Farmers can easily procure agricultural machinery such as Tractors and Combine harvesters by paying a small down payment of 10% and getting 2-3 years loan on semi-annual payment basis. This has helped in attracting farmers, and increasing the penetration for farming equipments in the region.

Government Efforts for Modernizing the Agriculture: Government is promoting sustainable agriculture mechanization through Agriculture Mechanization Department (AMD). It is focusing on –  modernizing farmland through proper farm roads, drainage, irrigation network and other facilities, increasing the machinery usage for pre and post harvesting activities, enabling local farmers to buy tractors and educating farmers on different agriculture aspects and techniques. Many other initiatives other than this have been undertaken for improving the productivity in the country.

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

Myanmar Tractor Market

Myanmar Combine Harvester Market

Companies Covered

Key Target Audience

Time Period Captured in the Report:-

Key Target Audience

Key Topics Covered in the Report:-

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Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government's Focus on Agriculture Mechanization in the Country

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