Myanmar Farm Tractor Market (2020-2026)
Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-Wheel Drive, Four-Wheel Drive) And Competitive Landscape.
As per 6Wresearch, Myanmar Farm Tractor Market is anticipated to witness potential growth during the forecast period 2020-26F. Agriculture is the most important sector in the country and contributes towards creating more than 60% jobs, further, the country is the second-largest exporter of beans and pulses and ninth-largest exporter of rice, growing export demand for aforementioned commodities would act as a stimulus for farm tractor market in Myanmar in the near future. Moreover, rising investments in the agriculture sector by government and private investors to induce the growth of the agriculture sector would additionally benefit the growth of the Myanmar farm tractor market in the upcoming six years.
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