Agricultural tractors can be divided into wheeled tractors, crawler tractors, walk-behind tractors and garden tractors according to their structure and purpose. Among them, wheeled tractors are the most widely used and suitable for most farmland operations and transportation tasks; crawler tractors are suitable for wetlands or heavy clay soils and have strong traction; walk-behind tractors are suitable for small farmers and hilly areas; garden tractors are suitable for small spaces such as orchards and greenhouses.
The industrial chain of the agricultural tractor industry mainly includes the upstream supply of raw materials and parts, the midstream manufacturing and assembly of complete machines, and the downstream sales and service links. The publisher analysis shows that the upstream mainly provides key components such as steel, engines, and hydraulic systems. The midstream is completed by the complete machine manufacturers to complete the design, assembly and testing, such as John Deere and other companies. The downstream is sold through dealers, online platforms and other channels, and users include farms, cooperatives, etc.
In recent years, the global agricultural tractor market has generally shown an expansion trend, especially the Asia-Pacific region continues to lead. According to the publisher's analysis, the Asia-Pacific region is the main force in the agricultural tractor market, contributing more than 60% of sales in 2024, mainly from China and India, with India growing significantly.
The driving factors for the growth of agricultural tractor market demand mainly include global population growth and rising food demand, a decrease in the agricultural labor force, the promotion of mechanization in emerging and developing countries, government subsidies and support, and the popularization of automation and precision agriculture technologies.
The market scale of Vietnam's agricultural tractor has a steady growth, driven by multiple factors such as agricultural modernization policy support, agricultural product export growth, agricultural labor shortage and accelerated mechanization. The publisher analysis shows that with a large number of young and middle-aged laborers in rural Vietnam going out to work, the agricultural labor shortage problem is becoming increasingly serious, agricultural production costs are rising, and farmers are turning to mechanized production. The Vietnamese government actively promotes agricultural modernization and has introduced a series of policies to promote the development of agricultural mechanization. For example, the government provides farmers with support measures such as interest subsidies for machine purchase loans and tax incentives.
According to the publisher's analysis, Vietnam's local agricultural tractor manufacturing industry is in a rapid development stage. Driven by government policy support and cooperation with domestic enterprises, local production capacity has gradually increased, but it still faces challenges in technology, capital and human resources.
At present, there is a large supply gap in the domestic market for agricultural tractors in Vietnam, and it still needs to rely on imports. According to the publisher's data, Vietnam has imported about 40,200 agricultural tractors in 2024, with an import value of more than US$5.67 million, a year-on-year increase of 38%. The publisher analysis shows that the main sources of imports of agricultural tractors in Vietnam are China, Japan and India, of which China is the largest source of imports, followed by Japan and India, ranking second and third.
The publisher predicts that Vietnam's agricultural tractor market will have stable and lasting development potential in the future driven by policy promotion, technology introduction, production efficiency improvement and food export growth.
The publisher recommends that global agricultural tractor manufacturers, importers and exporters, and machinery equipment leasing companies conduct timely research on the Vietnamese market and prepare for the layout of the Vietnamese agricultural tractor market. The publisher's Shanghai, China and Hanoi, Vietnam offices will help foreign companies enter the Vietnamese agricultural tractor market.
Topics covered:
- Overview of the Agriculture Tractors Industry in Vietnam
- The Economic and Policy Environment of Agriculture Tractors Industry in Vietnam
- The Market Size of Agriculture Tractors Industry in Vietnam (2025-2034)
- Analysis of Major Agriculture Tractors Industry Manufacturers in Vietnam
- Main Driving Forces and Market Opportunities of Agriculture Tractors Industry in Vietnam
- What are the main driving forces, challenges and opportunities of Agriculture Tractors industry in Vietnam during the forecast period of 2025-2034?
- Which companies are the main players in Vietnam's Agriculture Tractors industry market and what are their competitive advantages?
- What is the expected revenue of Vietnam's Agriculture Tractors industry market during the forecast period of 2025-2034?
- Which part of Vietnam's Agriculture Tractors industry market is expected to dominate the market in 2034?
- What are the main disadvantages facing Vietnam's Agriculture Tractors industry?
- How can foreign capital enter Vietnam's Agriculture Tractors industry?
Table of Contents
Companies Mentioned
- Vietnam Engine and Agricultural Machinery Corporation (VEAM)
- Vietnam Agrotech Co., Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | July 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 6.53 Million |
| Forecasted Market Value ( USD | $ 23.33 Million |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 2 |
