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
GURUGRAM, India, May 12, 2021 /PRNewswire/ --
February 2021 | 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
Related Reports
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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