Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above 200 HP), Power Tillers (Up To 30 HP & 30.1 HP- 70 HP), Rotavators ( Up To 30 HP, 30.1 HP- 70 HP & 70.1 HP- 130 HP And Other Agriculture Equipment) And Competitive Landscape.
Product Code: ETC000964 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Agriculture Equipment market currently, in 2023, has witnessed an HHI of 1644, Which has decreased slightly as compared to the HHI of 2461 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia Agriculture Equipment Market report thoroughly covers the market by products and other agriculture equipment. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The agriculture sector of Indonesia is among the key drivers of the country's economy. As a result, the demand for agricultural equipment in the country has been increasing in recent years. The country's agriculture sector has also witnessed the growth of startups introducing IoT and Blockchain-enabled platforms that allow farmers to optimize their resources, reduce costs, and maximize their yield.
According to 6Wresearch, the Indonesia Agriculture Equipment Market size is estimated to grow at a CAGR of 9.1% during the forecast period 2024-2030. The Indonesian government has been promoting interventions and incentives to support its agriculture sector, with a focus on increasing local production of crops and improving productivity in the sector. Additionally, the country's rising population, urbanization, and increasing demand for food have been driving the growth of the agriculture equipment market. Moreover, the shift towards efficient and modernized farming practices has led to a growing preference for mechanization and technology adoption, creating opportunities for companies operating in the agriculture equipment industry.
Despite the growth, market has several challenges such as the low rate of mechanization in the Indonesian agriculture sector and lack of education and awareness among farmers about modern farming practices and equipment is a significant challenge to Indonesia Agriculture Equipment Market growth. Furthermore, the low purchasing power of farmers, high import tariffs, and lack of credit and financing options limit the growth of the agriculture equipment market in Indonesia. However, the Indonesian agriculture equipment market has seen a shift towards eco-friendly, smart and automated farming solutions, with a focus in the use of precision farming techniques and tools. Companies are adopting advanced technologies such as GPS, drones and smart sensors to help farmers gain better control over their crops.
The Indonesian government has implemented several initiatives aimed at supporting the agriculture sector and modernizing the industry. Policies such as the Agricultural Mechanization Development Scheme and the Farm Household Mechanization Program were created to encourage the use of modern farming technologies. Additionally, the government has reduced import tariffs on agriculture equipment, making it easier for farmers to access modern farming equipment. These are supporting and increasing Indonesia Agriculture Equipment Market share.
The agriculture equipment market players in Indonesia are global companies such as John Deere, CNH Industrial, and Kubota, among others. Local companies such as Traktor Nusantara, Agro Mesin, and PT. AGRINDO also offer a range of agricultural equipment to farmers in the country.
According to Dhaval, Research Manager, 6Wresearch, pumps have the most promising growth rate, followed by the need for increasing agricultural efficiencies and modernization of the industry. With the growing population and the increased demand for food.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Methodology Adopted and Key Data Points |
2.5. Assumptions |
3. Indonesia Agriculture Equipment Market Overview |
3.1. Indonesia Agriculture Equipment Market Revenues and Volume, 2020-2030F |
3.2. Indonesia Agriculture Equipment Market Industry Life Cycle, |
3.3. Indonesia Agriculture Equipment Market Porter’s Five Forces |
3.4. Indonesia Agriculture Equipment Market Revenue and Volume Share, By Products, 2023 & 2030F |
4. Indonesia Agriculture Equipment Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5 Indonesia Tractor Market Trends |
5 Indonesia Agriculture Equipment Market, By Products |
5.1 Indonesia Agriculture Equipment Market, By Tractors |
5.2. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
5.3. Indonesia Agriculture Equipment Market Revenues & Volume, By 30.1 HP- 70 HP, 2020-2030F |
5.4. Indonesia Agriculture Equipment Market Revenues & Volume, By 70.1 HP- 130 HP, 2020-2030F |
5.5. Indonesia Agriculture Equipment Market Revenues & Volume, By 130.1 HP- 200 HP, 2020-2030F |
6. Indonesia Agriculture Equipment Market, By Harvesters |
6.1. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
6.2. Indonesia Agriculture Equipment Market Revenues & Volume, By 30.1 HP- 70 HP, 2020-2030F |
6.3. Indonesia Agriculture Equipment Market Revenues & Volume, By 70.1 HP- 130 HP, 2020-2030F |
6.4. Indonesia Agriculture Equipment Market Revenues & Volume, By 130.1 HP- 200 HP, 2020-2030F |
7. Indonesia Agriculture Equipment Market, By Threshers |
7.1. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
7.2. Indonesia Agriculture Equipment Market Revenue & Volume, By 30.1 HP- 70 HP, 2020-2030F |
8. Indonesia Agriculture Equipment Market, By Pumps |
8.1. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
8.2. Indonesia Agriculture Equipment Market Revenues & Volume, By 30.1 HP- 70 HP, 2020-2030F |
8.3. Indonesia Agriculture Equipment Market Revenues & Volume, By 70.1 HP- 130 HP, 2020-2030F |
8.4. Indonesia Agriculture Equipment Market Revenues & Volume, By 130.1 HP- 200 HP, 2020-2030F |
8.5. Indonesia Agriculture Equipment Market Revenues & Volume, By Above 200 HP, 2020-2030F |
9. Indonesia Agriculture Equipment Market, By Power Tillers |
9.1. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
9.2. Indonesia Agriculture Equipment Market Revenues & Volume, By 30.1 HP- 70 HP, 2020-2030F |
10. Indonesia Agriculture Equipment Market, By Rotavators |
10.1. Indonesia Agriculture Equipment Market Revenues & Volume, By Up To 30 HP, 2020-2030F |
10.2. Indonesia Agriculture Equipment Market Revenues & Volume, By 30.1 HP- 70 HP, 2020-2030F |
10.3. Indonesia Agriculture Equipment Market Revenues & Volume, By 70.1 HP- 130 HP, 2020-2030F |
10.4. Indonesia Agriculture Equipment Market Revenues & Volume, By Other Agriculture Equipment, 2020-2030F |
11 Indonesia Agriculture Equipment Market Import-Export Trade Statistics |
11.1 Indonesia Agriculture Equipment Market Export to Major Countries |
11.2 Indonesia Agriculture Equipment Market Imports from Major Countries |
11.3 Indonesia Agriculture Equipment Market Key Performance Indicators |
13. Indonesia Agriculture Equipment Market Opportunity Assessment |
13.1. Indonesia Agriculture Equipments Market, Opportunity Assessment, By Products, 2030 |
14. Indonesia Agriculture Equipment Market Competitive Landscape |
14.1. Indonesia Agriculture Equipment Market Revenue Share, By Companies, 2023 |
15. Company Profiles |
16. Strategic Recommendations |
17. Disclaimer |
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above 200 HP), Power Tillers (Up To 30 HP & 30.1 HP- 70 HP), Rotavators ( Up To 30 HP, 30.1 HP- 70 HP & 70.1 HP- 130 HP And Other Agriculture Equipment) And Competitive Landscape.
Product Code: ETC000964 | Publication Date: Mar 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Indonesia Agriculture Equipment Market is projected to grow over the coming years. Indonesia Agriculture Equipment Market report is a part of our periodical regional publication Asia Pacific Agriculture Equipment Market outlook report. 6W tracks Agriculture Equipment Market for over 60 countries with individual country-wise market opportunity assessment and publishes the market with the report titled Global Agriculture Equipment Market outlook report annually.
Indonesia Agriculture Equipment Market report thoroughly covers market by Products type and HP range. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Indonesia Agriculture Equipment Market Synopsis
Indonesia Agriculture Equipment Market is expected to register substantial growth on account of rising disposable income. The rising development of infrastructure backed by adoption of modern equipment by the farmer beholds the Indonesia Agriculture Equipment Market Growth. Additionally, most of the farmers in the country are focused to enhance the productivity of the land owing to the growing population. The rising shortage of farm labour due to the health emergency and nationwide lockdown is expected to drive the Indonesia Agriculture Equipment Market Share.
According to 6Wresearch, Indonesia Agriculture Equipment Market size is projected to register growth during 2021-2027. The increasing government efforts coupled with rising initiatives such as providing loans on low rate of interest is driving the Indonesia Agriculture Equipment Market Revenue. Moreover, increasing urbanization and improvement in the standard of living is leading to the advancement of technology further triggers the potential growth of the market. The nationwide lockdown backed by worldwide restrictions due to the outburst of COVID-19 pandemic led to decline in the growth of the market.
Market Analysis by Product
On the basis of product, the tractor segment occupied the significant share and expected to dominate the market during the forthcoming period as well.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Market Forecast By Products (Tractors ( Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up to 30 HP & 30.1 HP- 70 HP), Pumps (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above 200 HP), Power Tillers (Up to 30 HP & 30.1 HP- 70 HP), Rotavators ( Up to 30 HP, 30.1 HP- 70 HP & 70.1 HP- 130 HP and Other Agriculture Equipment) and Competitive Landscape.
Product Code: ETC000964 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Indonesia is the world’s fourth largest country in terms of population and around 32% of the population in the country is engaged in agriculture sector. The currently available land resources cannot be considered sufficient to fulfil the projected demand for food in the phase of rigorously increasing population. The government aims to increase agricultural productivity so as to feed the nation’s population from domestic production to improve the farm mechanisation across the country. Thus, government initiatives such as the Work Plan 2019, under which the government distributes the agriculture equipment among the small and medium farmers in the form of aid, are expected to boost the demand of Indonesia agriculture equipment market during the forecast period.
According to 6Wresearch, Indonesia Agriculture Equipment Market size is projected to grow at a CAGR of 5.8% during 2019-25. The market is expected to grow at a slower pace in the country due to lesser financing options available in the retail market for agriculture equipment.
Amongst all the products, power tillers acquired the highest volume share in the overall Indonesia agriculture equipment market in 2018 and would continue to maintain its dominance during the forecast period as well. However, on account of constant government support to small farmers, the retail market for power tillers, rotavators and cultivators is expected to decline, and the number of these equipment sold to the government to be distributed in the form of aid to small farmers, is expected to rise over the coming years.
The Indonesia agriculture equipment market report thoroughly covers the market by product types and by HP range. Indonesia agriculture equipment market outlook report provides an unbiased and detailed analysis of the on-going Indonesia agriculture equipment market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Indonesia Agriculture Equipment Market Report Covered:
The report provides a detailed analysis of the following market segments: