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Report Overview
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.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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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.
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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.
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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.
Leading Companies in the Vietnam Agricultural Machinery Market
The market participants are developing advanced tractors and agricultural machinery to meet the evolving regulatory landscape.
- 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
- KUHN SAS
- Others
Vietnam Agricultural Machinery Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
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.
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