Indonesia Agriculture Equipment Market Outlook to 2025 - Government Initiatives to Promote the Use of Agriculture Equipment Coupled with Increasing Penetration of Mechanization will drive the Market over Long Term: Ken Research
Ken Research Pvt. Ltd
7 min read
The report covers various aspects including sales value, volume, trends & developments, issues & challenges faced by the industry, competition landscape, financing players, and others. It also covers the country overview, regulatory framework, agricultural overview of Indonesia, land under cultivation, changes in the cropping patterns, farm holding structure & scale of mechanization. Indonesia agriculture equipment market report concludes with the projections for the future of industry including forecasted sales value and volume; future projections by product type and regional demand by the year ending 2025, COVID-19 impact, and analysts’ take on the future.
Gurugram, India, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Indonesia News
Key Findings
Government plans to boost national production of local agricultural machinery and has prepared a budget worth USD 538 Million for machinery development in Indonesia.
The mechanization rate for land preparation is higher in Indonesia and it is forecasted to get mechanized further. Mechanization is also anticipated to increase the welfare of farm households & create employment opportunities in the rural areas.
Java will continue to be the area with the highest demand and sales of hand tractors in the country along with forecasted revenue CAGR of 5.0% during 2020-2025.
Penetration of combine harvesters is slowly increasing in cities other than Java & Sulawesi as the product segment is expected to replace rice transplanters in future.
Indonesia government plans to invest in R&D - Rice science to further improve yields on available favourable land, while expanding rice production to frontier areas, where the rice plant must withstand harsher environments. Indonesian farmers are likely to increase the usage of disc plough on the farms over long term. Working capacity of less than 40HP tractors with single plough is gaining traction for both dry & wet fields.
Agriculture sector currently accounts for 14% of nation's GDP in accordance with the Indonesia's statistical department. The proportion is anticipated to increase in future leading to higher demand for agriculture equipment including both 2W & 4W tractors.
Demand for 4 wheel tractors will continue to arise from Sumatra and Kalimantan in the future, due to the above average farm holding size in these regions. Among product segments, combine harvesters are mainly demanded by a limited target audience and farmers and agricultural cooperatives and this particular trend is expected to continue in the near future. Manufacturers have invested into R&D to minimize post harvest loss and reduction in grain damage during harvesting.
COVID Impact on Indonesia Agriculture Equipment Market Sales Value & Volume: Restrictions were put in place thereby, causing delay in harvesting of major staple crops such as rice and further halt in farm operations. Due to the COVID-19 outbreak, the companies are now focusing on new strategies of assembling & producing machineries locally. Lowering trade barriers can also aid the country to diversify import sources to hedge the trade risks from other countries.
The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters, and Agriculture Implements. The segmentation for Tractors, Combine Harvesters has been created on the basis of Horsepower while the segmentation for Rice Transplanters has been showcased by Row. The report also covers the market share, competitive landscape, and business model of hire purchase and lease, along with the strength and weaknesses of major players.
The report provides a comprehensive analysis on US tractors and combine harvesters market. The report covers various aspects including market overview, value chain analysis, market evolution, market size of tractors and combine harvesters by sales value and volume, market segmentation by type and its sub segments by horse power, trade scenario, regulatory framework impacting the US market, snapshot on secondhand agriculture equipment market, equipment financing market, rental market and after sale services market, customer profiling in US agriculture equipment market and competition landscape.
The report covers various aspects including overview and market size, market segmentation, trends and development, issues and challenges, snapshots on (Equipments Financing and Rentals, Aftermarket services and Diesel Engines), competitive landscape, market share of major players (Kubota, Yanmar, Massey Ferguson, CNH, John Deere, McCormick and Landini) in agricultural equipment market. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
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Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249
CONTACT: Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249
