The Vietnam agricultural machinery market was valued at USD 425.79 Million in 2025. The industry is expected to grow at a CAGR of 10.60% during the forecast period of 2026-2035 to attain a valuation of USD 1166.13 Million by 2035.
Base Year
Historical Period
Forecast Period
The Ministry of Agriculture and Rural Development (MARD), in collaboration with the International Rice Research Institute (IRRI), announced the launch of a sustainable development project that can produce 1 million hectares of low-emission rice by 2030, boosting the demand for farm machinery.
As per the industry reports, the agricultural sector in Vietnam witnessed a growth of 3.36 per cent in 2022, which led to increased adoption of machinery to manage large volumes of crops.
Autonomous farming technology such as drones is emerging as a prominent trend of Vietnam agricultural machinery market as they can survey crop conditions, spray pesticides, and identify problem regions accurately.
Compound Annual Growth Rate
10.6%
Value in USD Million
2026-2035
*this image is indicative*
The rising cost of labour necessitating the demand for mechanisation in agriculture coupled with favourable government policies and subsidies for agricultural modernisation, and innovative technologies such as GPS-guided tractors are some of the crucial market drivers. The implementation of advanced technologies such as GPS-guided tractors, automated irrigation systems, and precision farming equipment has enhanced the efficiency and appeal of agricultural machinery for farmers thereby boosting the Vietnam agricultural machinery market revenue. Additionally, the shift of rural labour population to the urban areas has led to a shortage of agricultural workers and driven up the demand for agricultural machinery.
Furthermore, the growth of agribusiness in Vietnam, which includes investments from both local and international sources, is encouraging the adoption of advanced agricultural machinery. Large farms and agribusiness companies are more likely to invest in high-end equipment to ensure higher crop yields and better-quality produce. This shift towards more expensive equipment that enhances efficiency in the fields is expected to positively influence the Vietnam agricultural machinery market dynamics and trends as well.
Growth in demand of combine harvesters, increased governmental support and initiatives, and growing number of technological advancements are providing several Vietnam agricultural machinery market opportunities.
Due to increased consolidation of farmlands, there is a growing trend towards larger farm sizes, driven by the need for economies to scale and improve their overall efficiency. Adding to this, the demand for heavy machinery is also witnessing significant growth since larger farms require more powerful tractors, harvesters, and other heavy machinery to optimize operations.
The adoption of precision agriculture technologies, such as equipment equipped with sensors and drone monitoring, is on the rise impacting the agricultural machinery demand growth. These technologies help farmers optimize their operations, reduce waste, and increase yields. There is a growing interest in automated machinery, including self-driving tractors and robotic harvesters, which can reduce the labour burden and increase efficiency.
The "Accelerating Private Sector Engagement in Climate-Resilient and Low-Emission Investment Opportunities in Vietnam's NDC 2019-2023" project was initiated to address the challenges faced by the agricultural sector of Vietnam. Managed by the Ministry of Agriculture and Rural Development in collaboration with UNDP, this pioneering project illustrates how agricultural businesses and cooperatives can help expedite the achievement of Vietnam's Nationally Determined Contributions (NDC) goals.
Combine harvesters are witnessing growth in popularity in the Vietnam agriculture machinery industry. These are one of the most functional machineries that streamline the harvesting process by performing multiple tasks including cutting, threshing, and cleaning at once. This reduces the time and labour required for cultivating and harvesting the crops increasing overall efficiency and productivity on farms. Thus, combine harvesters help farmers maximize their crop yields and reduce post-harvest losses.
“Vietnam Agricultural Machinery Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Region
Based on product type, the market is divided into tractors, rice transplanters, harvesting machinery, and haying and forage machinery, among others. Tractors hold the highest share in the market as they play a crucial role in various farming tasks such as ploughing, tilling, planting, and transporting, making them indispensable. Additionally, the integration of advanced technologies such as GPS systems, automated steering, and precision farming features has increased their appeal among farmers looking to improve productivity and efficiency.
The market participants are developing advanced tractors and agricultural machinery to meet the evolving regulatory landscape.
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The market is estimated to grow at a CAGR of 10.60% between 2026 and 2035.
The market is being driven due to rising cost of labour necessitating the demand for mechanisation in agriculture, favourable government policies and subsidies for agricultural modernisation, and innovative technologies such as GPS-guided tractors.
The key trends aiding the market include the growth of agribusiness in Vietnam, which includes investments from both local and international sources and rising mechanisation in Vietnam.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on product type, market segmentations include tractors, rice transplanters, harvesting machinery, and haying and forage machinery, among others.
The major players in the market are Kubota Corp., CLAAS KGaA GmbH, Vietnam Engine and Agricultural Machinery Corporation, Yanmar Holdings Co., Ltd., CNH Industrial N.V., ISEKI & Co., Ltd., Truong Hai Group Corporation, and KUHN SAS, among others.
In 2025, the market attained a value of nearly USD 425.79 Million.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 1166.13 Million by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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