Showing posts with label Tractor Hire Business in Indonesia. Show all posts
Showing posts with label Tractor Hire Business in Indonesia. Show all posts

Monday, January 16, 2023

Indonesia Used Tractor Market is expected to Reach IDR ~170,000 mn by 2027F owing to Digitalization, Modern Technologies, and Farm Mechanization: Ken Research

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Indonesia’s Used Tractor Market is in the growing stage, being driven by Digitalisation and availability of modern technologies. Tractor Market in Indonesia has various players like OEM companies, marketplace/classifieds and finance companies.

Key Market Findings: -

  • The used tractor market in Indonesia is expected to grow at a positive but at slow growth rate in the immediate future due to global economic conditions.
  • Sales will rise as government is keen on the mechanization of agriculture.
  • The current agricultural farm equipment is going through a paradigm shift from cart driven to self-driven tractors.

indonesia-used-tractor-market

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Current Market Positioning: Indonesia expects to emerge as the 5th largest vehicle manufacturer and 3rd largest auto component market in the world by 2027F. The major Revenue contribution is from the sale of Suspension Parts.

Rising Awareness: The growing farming population and increasing awareness about buying and selling used tractors are some of the key strengths. As of 2022, there were around 40.6 Mn people who worked in the agriculture sector in Indonesia. The pre-owned tractor market has been witnessing a boom, owing to the demand for affordable tractors.

Government Regulations: Demand within Java, Sumatra and Sulawesi regions is expected to grow for used tractors and other agricultural equipment. The Indonesian 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.

Growing Demand of Four Wheel Tractor: Demand for four-wheel tractors will continue to arise from Sumatra and Kalimantan in the future, due to the above-average farm holding size in these regions. The sale of the used tractors is largely unorganized and is difficult to track.

Analysts at Ken Research in their latest publication- “Indonesia Used Tractor Market is Expected to Reach IDR ~170,000 mn by 2027F owing to Digitalisation, Modern Technologies, and Farm Mechanization” by Ken Research provides a comprehensive analysis of the potential of the tractor market in Indonesia. The rising demand for Pre-owned tractors among the population, along with Government Initiatives, is expected to contribute to the market growth over the forecast period. Indonesia Used Tractor Market is expected to grow at a robust CAGR over 2022-2027F.

Key Segments Covered: -

Segmentation on basis of power:

  • Less Than 30 HP
  • 31-60HP
  • 60-100HP
  • 100HP+

Segmentation on basis of purpose:

  • Agriculture
  • Construction

Segmentation on basis of reason:

  • Java
  • Sumatra
  • Sulawesi
  • Lesser sunda island

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Segmentation Basis Sale Distribution Channel:

  • Offline Channel
  • Financial Institution/Auction
  • Online Channel

Segmentation Basis Price (THB):

  • Less than 70,000,000 IDR
  • 70,000,001-100,000,000
  • 100,000,001- 150,000,000
  • 150,000,001+

Segmentation Basis Usage (hours):

  • Less than 500 hours
  • 501-1500
  • 1501-3000
  • 3001-5000+

Key Target Audience

  • OEMs
  • Multi-Brands
  • Online Used Tractor Portals
  • Used Tractor Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Tractor Dealerships
  • Used Tractor Manufacturing Companies
  • Used Tractor Distributors
  • Used Tractor Auction Houses
  • Used Tractor Associations

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022–2027F

Companies Covered:

      OEM Companies:

  • New Holland
  • Traktor Nusantara
  • Yanmar
  • John Deere
  • Kubota
  • Cnh Industrial

Market Place/ Classifieds

  • Com
  • Tokopedia
  • Olx Bri
  • Com
  • Shopee

Finance Companies

  • BAF
  • Mandiri
  • JTO Finance
  • Adira Finance

Key Topics Covered in the Report

  • Indonesia Used Tractor Market Overview
  • Indonesia Agricultural Market Overview
  • Indonesia Used Tractor Market
  • Market Ecosystem
  • Market share of Major Used Tractor Companies, 2022P
  • Value chain Analysis
  • Detailed Analysis on Indonesia Used Tractor Market
  • Market Segmentations; Competition; Future Market Size, 2027)
  • Future Trends and the Way Forward
  • Snapshot on Climate Change and its impact
  • Snapshot on second hand agricultural vehicles
  • Snapshot on staple crop of Indonesia
  • Future Market Size of Indonesia
  • Future Segmentation for Indonesia Used Tractor Market,2027F
  • On- Demand Tractor Services
  • Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Indonesia Used Tractor Market

Related Reports by Ken Research: -

Thailand Used Tractor Market Outlook to 2027F

Philippines Used Tractor Market Outlook to 2027F

Tuesday, December 27, 2022

Digitalization, Modern Technologies, and Farm Mechanization will Boost Used Tractor Market in Indonesia: Ken Research

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1. Indonesia Used Tractor Market is expected to grow at a CAGR of 5% by 2027F owing to Increased Digitalization and Farm Mechanization.

Indonesia Used Tractor Market

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With increasing digitalization and the inclusion of modern technologies, an expansion of sales and marketing through online media can be adopted by the companies which eventually helps the market grow. Increased Farm Mechanization can help sustain national food production and maintain labour efficiency.

2. Culmination of small land holdings has resulted in a surge in the overall farm holding size in Indonesia thus, giving a boost to the Used Tractors Demand from the Agriculture sector.

Indonesia Used Tractor Industry

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The level of mechanization with respect to transplanting is low as farmers prefer to engage in manual methods of transplanting as this involves a low cost of labour. In the future, it is anticipated that the share of used tractors above 30 HP is bound to grow due to heavy mechanization. Growth in the Construction sector will support demand for used tractors in Indonesia. The future growth in real estate complemented by expected growth in the Agricultural sector is envisaged to drive the demand.

3. Indonesia Used the Tractor Market to showcase Positive Outlook over Long Term as the Government is Pushing for Mechanized Farming Systems.

used tractor market in Indonesia

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The used tractor market in Indonesia is expected to grow at a positive but at a slow growth rate in immediate future due to global economic conditions and also as most of the tractors are imported the prices are sensitive to falling currency rates in 2022 and 2023 making the new and used imported tractors expensive. Later on, Sales will rise as the government is keen on the mechanization of agriculture. Also, agricultural produce especially rice is rising and the country has become almost self-sufficient and is keen to export the same in the coming future.