Thailand Tractor Market Trends and Growth Drivers Analysis 2030
- irene garcia
- 2 days ago
- 4 min read
Overview of the Thailand Tractor Market:
Gain data-driven insights into the Thailand Tractor Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive Summary
The Thailand Tractor Market size was valued at around 55,112 units in 2024 and is projected to reach 70,872 units by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.12% during the forecast period, i.e., 2025-30.
Thailand Tractor Market Opportunity:
Rising Demand for Electric Tractors to Open New Growth Avenues – The gradually rising demand for electric tractors to reduce GHG emissions is going to offer huge growth opportunities in the coming years. The government has introduced several targets to reduce the CO2 emissions that have already caused a considerable depletion in the country’s environmental health. It plans to reduce emissions by 30%-40% by 2030 and reach net-zero emission levels by 2065. The agriculture sector of Thailand is the second most carbon-emitting sector.
In alignment with the government’s targets, the farmers are also gradually adopting electric or hybrid tractors to contribute to the reduction of carbon emissions. The electric vehicles are not dependent on fossil fuels, thus have a considerably lower carbon footprint than other vehicles. As the requirement for environmentally friendly machinery grows, the electric or hybrid tractor companies will gain immense opportunities to enter and expand within this market. For instance, in 2024, Yanmar S.P. Co. launched a new tractor, named the EF393T tractor, which is an electric agricultural machine designed to achieve zero emissions in farming. The tractor manufacturing companies are considering these electric and hybrid tractors as an opportunity, as they support the sustainable standards of the nation, thus increasing the futuristic demand for tractors in Thailand.
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Thailand Tractor Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Tractor Type
2-Wheel
4-Wheel
Others (6-Wheel, 8-Wheel, etc.)
Of these, the 2-wheel tractors are dominating the Thailand Tractor Market, having a market share of approximately 40%.
-By Horsepower Type
Less than 20 HP
20-40 HP
41-60 HP
61-100 HP
Above 100 HP
The 20-40 HP segment is dominating the market with a market share of more than 60% and is expected to hold the position during the forecast period as well.
-By Price Range
Less than USD20,000,
USD20,000-USD30,000,
USD31,000-USD40,000,
Above USD41,000,
-By Application
Agriculture,
Construction,
Mining,
Transport & Logistics,
Geographical Analysis
-By Region
North
South
Central
Northeast
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Competitive Market Strategies: List of Largest Thailand Tractor Companies
Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.
John Deere
Siam Kubota Corporation Co., Ltd.
CNH Industrial NV (New Holland)
Mitsubishi Heavy Industries (Thailand) Ltd. (MHIT)
Talaythong Factory Co.,Ltd.
Yanmar S.P. Co., Ltd.
IST Farm Machinery Co., Ltd.
Mahindra & Mahindra
Machines Equipments
Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
Identify Emerging Market Trends: Recognize new trends shaping industries.
Leverage Big Data Analytics: Use data for informed decision-making strategies.
Explore Geographic Expansion: Target growth opportunities in new areas.
Analyze Consumer Behavior: Adapt to shifting preferences and habits.
Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
Provide a comprehensive market overview with quantitative forecasts.
Identify key market segments and competitive dynamics.
Analyze trends and drivers influencing growth.
Highlight challenges and risks, plus mitigation strategies.
Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
Interactive PDF with rich charts and data tables.
PowerPoint summary deck for easy presentation and sharing.
Excel containing all research figure.
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