Indonesia Agriculture Equipment Market Value: Ken ResearchPosted by kenresearch on February 12th, 2021 Indonesia Relies Heavily on East Java, West Java, Central Java, South Sulawesi, South Sumatra, Lampung, South Kalimantan, And North Sumatra For Rice Production. Government Of Indonesia Brought Forward The Rice-Planting Season In 2020 To Ensure Supply And Is Estimated To Harvest 12.5 Million-15.0 Million Tonnes Of Rice During December 2020. Rice Is One of The Major Crops Produced In Indonesia & Hence, Demand For Agricultural Machinery Is Complemented With The Increasing Cultivation Of Rice. Besides, The Government Launched Agriculture Disaster Insurance Policy, Therefore, Providing Each Farmer with Up to USD 69.3 For Crop Damage Due To Natural Calamities. Other Government Initiatives Such As Seed Development Policy & Fertilizer Subsidy Program Had Helped Increase Farmers’ Income From Farm Operations. The Particular Scheme Safeguarded the Interest Of Farmers & Continued To Employ Traditional Methods Of Farming, Resulting Into Lower Productivity Of Crops. During 2017, The Indonesian Government Budgeted USD 223.0 Mn For Machinery Procurement Including Imported 4W Tractors And Excavators. The Country’s Agricultural Sector Witnessed An Upward Trajectory, From Subsistence / Mixed Farming Towards Semi-Commercial & Commercial Farming, Thus, Driving Demand For 4W Tractors In The Country. Improvement In Irrigation And Transportation Systems In Kalimantan & Sumatra Has Generated Higher Concentration Of Farm Machinery In These Areas. CV Karya Hidup Sentosa Produces Hand Tractors Under The Brand QUICK And PT Kubota Indonesia Are Some Of The Major Brands Selling 2W & 4W Tractors In Indonesia Respectively. Farmers Are Also Using Modern Technologies To Perform Harvesting Operations Within Short Durations Thus, Giving Boost To Combine Harvesters With A Large Engine Capacity With The Real Serviceability To Harvest Rice I.E. 4 Ha/Day With 8-10 Working Hrs/Day. It Has Further Impacted Overall Crop Output, In Turn Leading To Higher Farm Incomes. Sulawesi Region Generated Demand for Above 70HP Combine Harvesters Owing To Higher Farm Land Holding Size. On the Other Hand, Rice Transplanters Are Not Popular In Retail Market As They Are Capital Intensive & Require Heavy Training For Operations. Decline In Rice Production During 2019 Coupled With Reduction In Government Subsidies Towards Rice Transplanters Led To Market Decline. 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: - By 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
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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 Executive Summary 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 Analyst Recommendations For More Information on the research report, click on the below link: - Future of Indonesia Agriculture Equipment Market Contact Us: Ken Research Like it? Share it!More by this author |