AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Indonesia Agriculture Tractors Market is Expected to Grow at a CAGR of 6.6% from 2019 to 2024 - ResearchAndMarkets.com

January 23, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 23, 2020--

The “Indonesia Agriculture Tractors Market-Size, Trends, Competitive Analysis and Forecasts (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

The agriculture tractor market in Indonesia is expected to grow at a CAGR of 6.6% from 2019 to 2024.

The agriculture sector is an important section of the Indonesian economy, accounting for about 14% of the nation’s GDP. Thirty percent of Indonesia’s land area is used for agricultural purposes and the sector employs 35% of the nation’s workforce. The sector is a strong contributor to Indonesia’s trade and accounts for a quarter of the country’s export value. Sustained economic growth, population expansion, and continued urban migration are expected to increase the domestic demand for food and also change the dietary pattern, making it more diverse. The agriculture sector is challenged to increase production and yield with the limited land supply and changing climatic conditions. With an aim to improve the agriculture production the Government is pushing for mechanized farming systems.

Market Dynamics

The Government in Indonesia is pushing for farm mechanization to increase productivity through intensification, reduce post-harvest losses, increase added value and maintain the quality of farm products. In addition to these, the general objectives of farm mechanization are to increase the welfare of farm households and create employment opportunities in rural areas. Hence to achieve these objectives, the Government aims to increase the number of machinery used for agriculture production such as tractors, irrigation pumps, threshers among others.

Although the push from the Government is driving the demand of agriculture tractors, small land holding, poor access to credit & financial institutions, less mechanization and deteriorating resource base are obstructing the growth of agriculture tractors. Slow development of food industry also dampens the growth of agriculture mechanization, thus negatively affecting the tractor market.

Key Deliverables

Key Topics Covered:

1. Introduction

1.1 Research Methodology

1.2 Scope of the Study

1.3 Assumptions

2. Summary

3. Industry Dynamics

3.1 Drivers

3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia

3.1.2 Push for agriculture mechanization from policy makers

3.1.3 Focus to increase cropping intensity

3.1.4 Dwindling agriculture laborers due to Urbanization

3.2 Restraints

3.2.1 Diminishing area under agriculture

3.2.2 Increased number of fragmented landholding in Asia

3.2.2 Consolidating farmland under contract farming & co-operatives

3.3 Opportunities

3.3.1 Growing emphasis on Precision farming

3.3.2 Hill Agriculture

3.3.3 Gender friendly tools and Equipment

3.3.4 Crop Specific Package of machines

3.4 Porter’s Five Forces Analysis

3.4.1 Bargaining power of Suppliers

3.4.2 Bargaining power of Buyers

3.4.3 Degree of Competition

3.4.4 Threat of Substitution

3.4.5 Threat of new entrants

3.5 Future Trends in the Industry

3.6 Value Chain Analysis

3.7 Industry Policies & Regulations

3.8 Market Innovations

4. Market Size and Forecast

4.1 Market Share, By Types

4.1.1 Utility Tractors

4.1.2 Row crop tractors

4.1.3 Garden Tractor

4.1.4 Orchard Tractor

4.1.4 Rotary Tillers

4.1.5 Others

4.2 Market Share, By Horse Power

4.2.1 Below 40 HP

4.2.2 40 HP-100 HP

4.2.3 Above 100 HP

4.3 Market Share, By Wheel Type

4.3.1 Two Wheel

4.3.2 Four Wheel

5. Competitive Analysis

5.1 Market Share Analysis

5.2 Growth Strategies of leading players

5.3 Investment and Development Prospects

5.3.1 Investment in past five years

5.3.2 Investment Opportunities

5.4 Competition Pattern

5.4.1 Concentration Ratio

5.4.2 Industry Competition

5.5 Price Trend Analysis

5.5.1 Product Classifications and Their Prices

5.5.2 Factors Influencing Prices

6. Company Profiles

6.1 AGCO Corp.

6.2 Claas KGaA mbH

6.3 CNH Industrial N.V

6.4 Deere and Company

6.5 Deutz-Fahr

6.6 Escorts Limited

6.7 Kubota Corporation

6.8 Kuhn Group

6.9 Mahindra & Mahindra Ltd.

6.10 Tractors and Farm Equipment Ltd.

6.11 Yanmar Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/dkzoih

View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005627/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD: INDONESIA ASIA PACIFIC

INDUSTRY KEYWORD: AGRICULTURE OTHER AUTOMOTIVE NATURAL RESOURCES AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/23/2020 11:38 AM/DISC: 01/23/2020 11:38 AM

http://www.businesswire.com/news/home/20200123005627/en