Philippines Agricultural Equipment Market Outlook to 2023
By Product Type (Tractors, Combine Harvesters, Planters, Seeders and Tillage Equipments and Tillage Equipment), By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and above 130 Hp), By Production (Imported and Domestically Manufactured) and By Region (Luzon, Visayas and Mindanao)
Region:Asia
Product Code:KR864
August 2019
146
About the Report
Market Overview and Size
Major Stakeholders: Agricultural Equipment Market in Philippines is import driven. Domestic demand for equipments is principally met through imports which are primarily imported from countries such as Thailand, Japan, China, US, Korea and India. The major stakeholders in the market are international OEMs, domestic distributors and handful domestic OEMs who import machine parts and combine it to complete the assembling of the machine.
Market Size: Philippines Agricultural Equipment Market size (based on volume and value) increased in 2018 registering a positive single digit CAGR during 2013-2018.The market growth was fuelled by increasing government subsidies for farm mechanization, training programs organized by DA, increasing adoption of smart farm methods, increased awareness towards farm machine mechanization and growing use of drone technology. However, the market growth is hampered due to high initial cost of investment; technology disabled operators and seasonal changes in the country.
Philippines Agriculture Equipment Market Segmentation
By Tractor Segment (Upto 60 Hp, Between 61-130 Hp and Above 130 Hp): Tractors upto 60 Hp contributed a major share in terms of sales volume in 2018 as they support the basic farming activities such as mowing and manure handling along with less cost of investment and compact farm size that has helped the segment in gaining the maximum market share. The demand for tractors between 61-130 Hp occupies the second largest market share as they are utility tractors primarily used for corn cultivation. Tractors above 130 Hp occupy the least market share due to the high price of the machine.
By Imports and Domestically Manufactured: Philippines Agricultural Equipment Market is dominated largely by imports. Imported machines occupying a significant market share in 2018 with all major imports majorly carried out from Thailand, China and Japan during the period. Lack of expertise in manufacturing of complex machines and acceptability/trust for domestically manufactured equipments has increased the dependency on imported machines leaving domestically manufactured equipments with a least market share.
By Region (Luzon, Visayas and Mindanao): Luzon has been the hotspot for the sales of agriculture equipment and occupies a major market share based on units sold in 2018. This can be directly associated with Luzon being the heart of agriculture in the country that has led to increasing demand for agricultural equipments in the area. This is followed by Mindanao, registering second largest demand for agricultural equipments owing to huge volume of sugarcane produced in the region. Mindanao occupies the least market share as the area is under constant terror threat that hampers the development of the region and ultimately reduces the demand for farm equipment in the region.
Competitive Landscape
Philippines Agricultural Equipment Market Future Outlook
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- Philippines Agriculture Equipment Market Overview
- Philippines Agriculture Equipment Market Size, 2013-2018
- Philippines Agriculture Equipment Market Segmentation, 2018
- Growth Drivers in Philippines Agriculture Equipment Market
- Issues and Challenges in Philippines Agriculture Equipment Market
- Regulatory Framework
- Snapshots on Equipment Financing and Rentals, After Market Services and Diesel Engines
- Competitive Landscape
- Company Profiles of Major Players
- Philippines Agriculture Equipment Future Outlook and Projections, 2018-2023E
- Philippines Agriculture Equipment Future Segmentation, 2018 - 2023E
- Analyst Recommendations
Products
By Product Type
- Tractors
- Combine Harvesters
- Planters, Seeders and Transplanters
- Tillage Equipment (Ploughs, Harrows and Rotovators)
Companies
Key Segments Covered
- Tractors
- Combine Harvesters
- Planters, Seeders and Transplanters
- Tillage Equipment (Ploughs, Harrows and Rotovators)
By Tractor Segment
- Upto 60 Hp
- Between 61-130 Hp
- Above 130 Hp
By Production
- Imported
- Domestically Manufactured
By Region
- Luzon
- Visayas
- Mindanao
Major Companies Covered:
- Kubota
- Yanmar
- Massey Ferguson
- CNH (Case IH & New Holland)
- John Deere
- McCormick
- Landini
Table of Contents
1. Executive Summary
1.1. Country Overview
Philippines Agriculture Market Overview
Philippines Agriculture Equipment Market overview
Philippines Agricultural Equipment Market Segmentation
Philippines Agriculture Equipments Competitive Landscape
Philippines Agriculture Equipment Future Market Analysis And Projections
2. Research Methodology
2.1. Market Definitions and Size
2.2. List of Abbreviations
2.3. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing
Variables Dependent and Independent
Multifactor Based Sensitivity Model:
Regression Matrix
Limitations
Conclusions
3. Country Overview
3.1. Gross domestic product of Philippines
Past and Current Outlook, 2013-18
Future Outlook
3.2. Distribution of GDP by Agriculture, Manufacturing, Services
Past and Current Outlook, 2013-18
Future Outlook, 2018-23E
3.3. Demographics
3.3.1. Rural and Urban Population
3.3.2. Agricultural and Non Agricultural Population
Past and Current Outlook (2013-18)
Future Outlook, (2018-2023E)
4. Philippines Agricultural Overview, 2018
4.1. General Overview
4.2. Major crops (Rice, Corn and Sugarcane)
4.3. Expected Changes in Cropping Patterns of Major Crops and Factors Driving Change
Rice
Corn
Coconut
5. Value Chain Analysis and Ecosystem
Value Chain Flow Chart for Importing Brands
Value Chain Flow Chart for Market with Domestic OEM’s
5.1. Role and Overview of Various Entities in Philippines Agriculture Equipment Market
5.2. Major Marketing Strategies
6. Evolution of Agricultural Machinery
Supply Side Evolution
Demand Side Evolution
7. Philippines Agricultural Equipment Market Size, 2013-2018
8. Philippines Agricultural Equipment Market Segmentation by Sales Volume, 2018
8.1. By Product Type (Tractors, Combine Harvesters, Planters, Seeders And Transplanters And
Tillage Equipment), 2018
8.2. By Region (Luzon, Visayas and Mindanao), 2018
8.3. By Place of Production (Imported and Domestically Manufactured), 2018
9. Trade Scenario
Trade of Machineries
Trade Regulations
10. Government Regulations or Associations
11. Customer Profiling
Decision making parameters of farmers
Pain points of farmers
12. Snapshot
12.1. Equipment Financing And Rentals
Government Financing
12.2. Snapshot on Aftermarket Services
12.3. Snapshot on Diesel Engine
13. Price Range at Category-Customer Price
Agricultural Tractors
Combine Harvesters
Rice Transplanters
14. Existing Problems in Agricultural Development in Philippines
15. Competition Scenario
15.1. Competition Scenario (Market Nature, Positioning and Competition Parameters), 2018
15.2. Market Share of Major Players For Tractor Sales In Philippines (By Volume), 2018
15.3. Market Share of Major Players for Combine Harvesters Sales in Philippines (in Volume),
2018
16. Company Profiles of Major Players in Philippines Agricultural Equipment Market
International OEMs
16.1. Kubota
16.2. Yanmar
16.3. Massey Ferguson
16.4. CNH (Case IH & New Holland)
16.5. John Deere
16.6. McCormick
16.7. Landini
17. Business Model adopted by Major OEM’s in the Tractor Market
17.1. Kubota Philippines Inc.
17.2. Yanmar Corporation
17.3. Massey Ferguson
18. Tractor and Implement Channel Strategies in Philippines
19. Philippines Agriculture Equipments Future Market Outlook, 2018-2023E
19.1. Market Segmentation by Product Type, 2023E
19.2. Market Segmentation by Region, 2023E
20. Customer Insight on Philippines Agriculture Equipments
20.1. What farmers consider before purchasing new agricultural machinery in Philippines
20.2. Usage Patterns for Major Agricultural Equipments in Indonesia
21. Analyst Recommendation
Disclaimer
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