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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Agricultural Tractors Market Share
Based on propulsion, the market is divided into electric and ICE. ICE accounts for a substantial share of the market as ICE tractors are widely used in the agricultural sector in Vietnam, due to their long history of success in the country. Vietnamese farmers prefer these tractors for their reliability and performance. Additionally, the country's efficient fuel distribution network makes diesel and gasoline readily available nationwide, further fuelling the segment's growth.
Vietnam Agricultural Tractors Market Report Snapshots
Vietnam Agricultural Tractors Market Size
Vietnam Agricultural Tractors Market Growth
Vietnam Agricultural Tractors Market Share
Vietnam Agricultural Tractors 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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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 635.58 million.
The Vietnam agricultural tractors market is estimated to grow at a CAGR of 4.90% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 980.93 million by 2032.
The market is being driven due to innovations in tractor technology such as automated steering and precise farming abilities, the growth of agribusinesses in Vietnam, and the rising demand for food.
The key trends aiding the market include the growing trend towards sustainable farming methods such as tractors and tractor manufacturers customising their products to suit the specific needs of Vietnamese farmers.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on type, market segmentations include orchard tractors and row-crop tractors.
Various propulsions are electric and ICE.
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 Minsk Tractor Works, among others.
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Australia
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+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