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Forecast Year
The Vietnam agricultural machinery market is projected to grow at a CAGR of 8.10% between 2024 and 2032.
Vietnam Agricultural Machinery Market Size
Vietnam Agricultural Machinery Market Growth
Vietnam Agricultural Machinery Market Share
Vietnam Agricultural Machinery Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 8.10% between 2024 and 2032.
The market is being driven due to rising cost of labour necessitating the demand for mechanisation in agriculture, favourable government policies and subsidies for agricultural modernisation, and innovative technologies such as GPS-guided tractors.
The key trends aiding the market include the growth of agribusiness in Vietnam, which includes investments from both local and international sources and rising mechanisation in Vietnam.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on product type, market segmentations include tractors, rice transplanters, harvesting machinery, and haying and forage machinery, among others.
The major players in the market are Kubota Corp., CLAAS KGaA GmbH, Vietnam Engine and Agricultural Machinery Corporation, Yanmar Holdings Co., Ltd., CNH Industrial N.V., ISEKI & Co., Ltd., Truong Hai Group Corporation, and KUHN SAS, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124