Impact of Covid-19 on Indonesia Agriculture Equipment Market: Ken ResearchPosted by kenresearch on March 17th, 2021
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 the long term. Working capacity of less than 40HP tractors with the single plough is gaining traction for both dry & wet fields. Agriculture sector currently accounts for 14% of the nation’s GDP in accordance with 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 in 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 a delay in the 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 machinery 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 the 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 the research report, Click on the Below Link: - Indonesia Agriculture Equipment Market Sales Value Contact Us: - Like it? Share it!More by this author |