Vietnam Combine Harvester Market - Segmented by Power and Region - Growth, Trends, and Forecast (2018 - 2023)

Vietnam Combine Harvester Market - Segmented by Power and Region - Growth, Trends, and Forecast (2018 - 2023)

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The combine harvester market in Vietnam was valued at USD 21.1 million in 2017 and is expected to witness a CAGR of 13.2% during the forecast period (2018-2023).

The price of domestically produced agricultural combine harvesters is higher than that of imported ones. Around 90% of the combine harvesters sold in Vietnam are imported, with only 10%  being domestically produced. Although the combine harvesters produced domestically have improved to a large extent, most farmers still prefer to import these. The main reason for this is the high quality and durability of the imported machines. Additionally, as per Decision No. 63/2010 / QD-TTG of the Government, farmers are only allowed to buy domestic integrated machines, however, most farmers do not benefit from this support policy. Increasing the government’s concern regarding post-harvest losses have created additional demand for combine harvesters.


Custom Hiring of Combine Harvesters

Agricultural co-operatives and private enterprises are the providers of machinery for hire. Organizations and agencies that offer hiring services have efficient combine harvesters such as Vietnam Institute of Agricultural Engineering and Post-Harvest losses (VIAEP). These organizations are available especially in Mekong River Delta and Red River Delta. The hiring of agricultural machinery is a practice in Vietnam so that farmers can use combine harvesters effectively to produce crops with the high level of efficiency. This provides a greater opportunity for machinery manufacturers to develop their business segment of the combine harvester in Vietnam.

Limited Manufacturing of Combine Harvesters

The production of combine harvester is minimal in the country compared to other segments of agricultural machinery such as agricultural tractors and rice transplanters. The manufacturing is dispersed at a small scale with very less effectiveness and efficiency. Infrastructure for agriculture in Vietnam is very poor and inadequate, a few rural regions are unaware of advanced agricultural techniques and combine harvesters and its advantages. Emission standards should also be followed by harvester manufacturers, as they have regulations by the environment sector. Vietnam has Euro 4 regulations on gasoline vehicles, which is going to be a restraint for the manufacturing of combine harvester. The quality of the combine harvesters produced in Vietnam is low, which is unable to satisfy the demand of Vietnam agriculture. Hence, Vietnam is importing 90% of combine harvesters from other harvester manufacturing countries.  

Mekong River Delta Dominates the Vietnam Combine Harvester Market in terms of Revenue

Mekong River Delta is the largest region for combine harvester market in Vietnam, acquiring 52.3% of the total market share in the country in 2017, followed by Red River Delta and North Central Coast. The local government provides combine harvesters on the lease so that farmers can harvest their crops at the appropriate time, as the region is prone to storms and cyclones. Despite large average land holdings in Mekong Delta, the agriculture is still largely based on small-scale production by a large number of small-holder farmers. Mekong River Delta is the major producer of rice, sugarcane and soybean as it produces 52% of rice, 19% of sugarcane and 7% of soybean.


Key Developments in the Market

February 2018 – Truong Hai Auto Corporation (THACO) opened a new agricultural machinery manufacturing plant with the enhanced annual production capacity of 1000 combine harvesters to consolidate 7% share in the Vietnamese agricultural market.

January 2018– Kubota recently launched new DC-70 Plus in Phu Yen province of Vietnam where the company organized an agricultural fare for farmers in cooperation with Phu Yen Department of Agriculture and Rural Development.

Major Players of Vietnam Combine Harvester Market

The major players include – Claas, Kubota, ShanDong HuaXin Machinery Co., Ltd., VEAM, Yanmar and others.

Vietnam Combine Harvester Market Report Summary




Combine Harvester Market

Study Period

(2014 – 2023)

Growth Rate


Largest Market Share by Revenue

Central Highlands

Companies Covered

 Claas, Kubota, ShanDong HuaXin Machinery Co., Ltd., VEAM, Yanmar and others.

Report Offerings

 Vietnam Combine Harvester Market offers the latest trends, growth prospects, industry competitiveness, major players, regions’ market share and forecast to 2023.

Reasons to Purchase the Report

  • To have an understanding of the fastest growing regions  in Vietnam combine harvester market and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently affecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights into the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Key Findings of the Study                     

2. Research Scope and Methodology                                     

                2.1 Study Deliverables                  

                2.2 Study Assumptions                 

                2.3 Research Methodology                         

                2.4 Research Phases                      

3. Market Dynamics                                       

                3.1 Drivers                          

                                3.1.1 Custom Hiring of Combine Harvesters        

                                3.1.2 Shortage of Seasonal Agricultural Labor     

                                3.1.3 Favorable Government Policies     

                3.2 Restraints                    

                                3.2.1 Lack of Awareness about Modern Agricultural Techniques

                                3.2.2 Limited Manufacturing of Combine Harvesters       

                                3.2.3 Fragmented Land Holdings              

4. Industry Analysis                                        

                4.1 Porter's Five Forces Analysis                               

                                4.1.1 Bargaining Power of Buyers             

                                4.1.2 Bargaining Power of Suppliers        

                                4.1.3 Threat of New Entrants     

                                4.1.4 Threat of Substitutes          

                                4.1.5 Competitive Rivalry             

5. Market Segmentation                                              

                5.1 By Power                     

                                5.1.1 <35 HP      

                                5.1.2 35-70 HP   

                                5.1.3 >70 HP      

                5.2 By Region                    

                                5.2.1 Red River Delta     

                                5.2.2 North East               

                                5.2.3 North West             

                                5.2.4 North Central Coast            

                                5.2.5 South Central Coast            

                                5.2.6 Central Highlands 

                                5.2.7 South East               

                                5.2.8 Mekong River Delta            

6. Competitive Landscape                                           

                6.1 Most Adopted Strategies                     

                6.2 Most Active Companies                        

                6.3 Market Share Analysis                           

7. Company Profiles                                       

                7.1 Claas                              

                7.2 CNH                               

                7.3 Iseki                               

                7.4 Kubota                         

                7.5 ShanDong HuaXin Machinery Co., Ltd.                            

                7.6 Truong Hai Auto Corporation (THACO)                           

                7.7 Tong Yang Moolsan Co., Ltd.                               

                7.8 VEAM                           

                7.9 Vietnam Agrotech Co., Ltd                   

                7.10 Yanmar                      

8. Future Outlook of the Market                                              

9. Appendix                                       

10. Disclaimer   

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