Cambodia Agricultural Machinery Market Size (2024 - 2029)

Cambodia Agricultural Machinery Market Analysis

The Cambodia Agricultural Machinery Market size is estimated at USD 10.30 million in 2024, and is expected to reach USD 12.30 million by 2029, at a CAGR of 5.20% during the forecast period (2024-2029).

• The agricultural machinery market in Cambodia is anticipated to witness steady growth during the study period. The key factors include the increasing focus of farmers on sustainable agricultural mechanization, rising public-private partnerships in Cambodia, and improvement in financial access to services, which are driving the market growth during the forecast period. Farm mechanization helps to produce higher quality agricultural harvest and even boost production, but factors such as high maintenance costs, and reliance on traditional methods due to lack of education or money for most of the small-scale farmers are restraining the market growth during the forecast period. 
• The Ministry of Agriculture, Forestry, and Fisheries (MAFF) has been working with the private sector and development partners to integrate the use of agricultural machinery into middle-class farming communities to respond to the current and future decline in the agricultural workforce. The government aims to make Cambodia a high-middle-income country by 2030 and a high-income country by 2050. At the same time, it has the ambition to modernize Cambodia's agricultural sector to be more competitive, environmentally resilient, and sustainable to increase the income of farmers' families, expand prosperity, and improve the well-being of the Cambodian people.
• The Cambodia agricultural machinery market is highly competitive with the presence of firms ranging from multi-national corporations to local machinery companies. In 2022, John Deere introduced tractors designed for work in narrow orchards and vineyards with the addition of the new 5EN and 5ML Series and it is ideal for fruit handling and hauling, spraying, mowing, and any application that takes place within the narrow confines of an orchard or vineyard.

Cambodia Agricultural Machinery Industry Segmentation

Agricultural machinery includes all machines and tools that are used in the production, harvesting, and care of farm products, and includes trailers that are used to transport agricultural produce. For the purpose of this report, the tractor and other machinery used in agricultural operations have been considered. The tractor used for industrial and construction purposes is excluded from the study. The Cambodia Agricultural Machinery Market is Segmented by Product Type (Tractors, Rice Combine Harvesters, Power Tillers, and Diesel Engine Units). The report offers the market size and forecasts in terms of sales in units and value in USD for all the above segments.