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
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 titled "Indonesia Agriculture Equipment Market Outlook to 2025 - By Tractors Market (2 Wheeled & 4 Wheeled Tractors; < 40HP, 40-70HP & >70HP Tractors; Combine Harvesters Market (Less than 70HP, 70HP and >70HP); Rice Transplanters Market; Implements Market (Rotavator, Plough, Harrow, Fertilizer Spreaders & Others); and Regional Demand of Agriculture Equipment (Java, Sulawesi, Sumatra, Kalimantan & Others)" by Ken Research suggested that the overall agriculture equipment market is further expected to grow in the near future as both existing companies and new entrants can focus on investment in 2W hand tractors / tillers; expansion in dealer network to widen their service capabilities; tie-ups between banks and private finance companies / institutions; focus on after sales support services to gain customer attention; participating in agricultural exhibitions and other marketing initiatives. The market is expected to register a positive six year CAGR of 6.1% and 5.7% in terms of sales value and volume respectively during the forecast period 2020-2025. Tractors market, combine harvesters market rice transplanters market and implements market in Indonesia is further expected to grow at revenue CAGR of 6.0%, 7.5%, 4.7% & 3.8% respectively and volume CAGR of 5.6%, 7.5% & 4.7% respectively during forecast period 2020-2025.
Key Segments Covered:-
Type of Agriculture Equipment
Tractors
By Two Wheeled and Four Wheeled Tractors
By Horse Power (HP)
Less Than 40HP
40HP-70HP
Above 70HP
By Regional Demand
Jawa
Sulawesi
Sumatra
Kalimantan
Others (Includes remaining regions of Indonesia such as Bali, Papua and rest)
Combine Harvesters
By Horse Power (HP)
Less than 70HP and 70HP
Above 70HP
By Regional Demand
Sulawesi
Jawa
Sumatra
Kalimantan
Others (Includes remaining regions of Indonesia such as Bali, Papua and rest)
Rice Transplanters
By Regional Demand
Jawa
Sulawesi
Kalimantan
Sumatra
Others (Includes remaining regions of Indonesia such as Bali, Papua and rest)
Implements
By Implement Type
Rotavator
Plough
Harrow
Fertilizer Spreads
Others (Dozers, Front Loader, Hay Balers and Sprayers)
Agriculture Equipment Manufacturers Covered
PT. Rutan Indonesia
CV. Karya Hidup Sentosa - Quick
PT. Kubota Indonesia
PT. Yanmar Indonesia
PT. Traktor Nusantara
Altrak 1978
PT. Satrindo Mitra Utama
PT. Wahana Inti Selaras: John Deere
Other Players (Massey Ferguson, Maxxi, Tanikaya, Galaxy and SAAM)
Financing Companies Covered
JTO Finance
Equity Finance
BAF Finance,
Asia Finance
Other Companies (Mitsui Group and Hitachi Group Finance)
Key Target Audience:-
Agriculture Equipment Manufacturing Companies
Industry Associations
Regulatory Bodies
Financing Companies
Agriculture Equipment Distributors & Authorized Dealerships
Time Period Captured in the Report:-
Historical Period – 2014-2020
Forecast Period – 2020-2025
Key Topics Covered in the Report
Country Overview
Agriculture Overview / Scenario in Indonesia
Cropland Planting Trends in Indonesia, 2015-2019
How Farmers Operate in Indonesia?
Supply Side of Indonesia Agriculture Machinery Market
Indonesia Agriculture Equipment Market
Indonesia Tractors Market, 2014-2025
Indonesia Combine Harvesters Market, 2014-2025
Indonesia Rice Transplanters Market, 2014-2025
Indonesia Implements Market, 2014-2025
Snapshot on Rental Agriculture Equipment Business in Indonesia
Snapshot on Second Hand Machinery Market in Indonesia
Financing for Agriculture Machinery in Indonesia
Comparative Landscape in Indonesia Agriculture Machinery Market
Indonesia Agriculture Equipment Product Analysis
Indonesia Agri. Equip. Market Future Outlook & Projections, 2020-2025
Indonesia Agriculture Equipment Sales Volume
Indonesia Tractors Market Size
Indonesia Combine Harvesters Market Size
Indonesia Rice Transplanters Market Size
Indonesia Implements Market Size
Financing for Agriculture Equipment in Indonesia
2nd Hand Agriculture Equipment Scenario in Indonesia
Rental Agriculture Equipment Scenario in Indonesia
Major Staple Crops Produced in Indonesia
Major Cash Crops Produced in Indonesia
Major Rice producing Regions in Indonesia
Trade Scenario of Food Crops in Indonesia
Cropland Planting Trends in Indonesia
Indonesia Agribusiness Tools
Indonesian Farmer Characteristics
Daily Wage of Farmers in Indonesia
Indonesia Average Farmer Smallholder Household
Small Family Farming Indonesia
Farming Systems Adopted in Indonesia
Indonesia Farm Labor Wages
Indonesia Agriculture Equipment Market Value Chain
Indonesia 4W Tractors
Indonesia 2W Tractors
International Agriculture Equipment Brands Indonesia
Domestic Agriculture Equipment Brands Indonesia
Indonesia Agriculture Equipment Market Trends
Indonesia Agriculture Equipment Market Challenges
Kubota Indonesia Market Share
Yanmar Indonesia Market Share
Quick Indonesia Sales Volume
Major Players Indonesia Agriculture Equipment Market
For more information on the research report, refer to below link:-
Indonesia Agriculture Equipment Market Outlook to 2025
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CONTACT: Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249