Indonesia Agricultural Machinery Market Outlook to 2020 – Ken Research

The report titled “Indonesia Agricultural Machinery Market Outlook to 2020 - Integration of Small Farm holding Structure and Government Support to Foster Growth” provides a comprehensive analysis regarding the performance of the agricultural machinery and equipment market in Indonesia.  The revenues of the industry have been segmented on the basis of agricultural machinery including Tractors, Combine Harvesters, Rice Transplanters and Tractor Implements. Under each segment, aspects such as market size on the basis of revenue and sales volume have been computed. The report also covers market share in each segment along with the competitive landscape of major agricultural machinery manufacturers, country overview on the basis of macro-economic variables, pricing analysis, agricultural overview and business model of major agricultural machinery manufacturers.

Market for Agricultural Machinery

The sale of 2 wheel tractors/power tillers was evaluated at ~ in 2010. This generated sales revenues worth USD ~ million during the same year. The sales of 2 wheel tractors/power tillers reached ~ in 2015, generating revenues amounting to USD ~ million during the same year. 2-wheel tractors are used throughout the country but majority of this demand comes from Java, Sulawesi and South Sumatra. The sales of hand tractors ranging from 5 hp to 8.5 hp contributed ~% to overall sales volume in 2015. Conversely, the sale of hand tractors ranging from 9 hp to 15 hp contributed ~% to overall sales volume during the same year. CV Karya Hidup Sentosa (Tractor Quick) sold ~ hand tractors in 2015, garnering a share of ~% in terms of sales volume in the two wheel tractor sales market. Yanmar accounted for a share of ~% in the two wheel tractor market in terms of sales volume in 2015. Two wheel tractors are the most demanded agricultural machinery in Indonesia and this trend is expected to continue in the future. The sales volume of hand tractors is estimated to reach ~ units in 2018 and ~ units by 2020.

The agriculture sector in Indonesia witnessed an upward trajectory, from subsistence and mixed farming towards semi-commercial and commercial farming. This resulted in an increased demand for farm machinery, leading revenues from the sale of 4 wheel tractors to enhance from USD ~ million in 2010 to USD ~ million in 2015. The total number of four wheel tractors sold in the country increased from ~ units in 2013 to ~ units in 2015. Tractors ranging from 81-100 HP are primarily demanded by commercial farmers and large agricultural cooperatives indulging in palm oil, sugar and rubber cultivation. Kubota and Yanmar sold ~ units and ~ units respectively in 2015. New Holland accounted for a share of ~% in the four wheel tractor market. Commercial farmers in Indonesia have mainly demanded high horsepower (81-100 hp) Massey Ferguson and John Deere tractors due to which they accounted for a share of ~% and ~% respectively for the overall four wheel tractor sales in 2015. The sale of four wheel tractors is estimated to increase to ~ units in 2018 and ~ units by 2020.

The revenue from the sale of combine harvesters augmented from USD ~ million in 2010 to USD ~ million in 2015, with sales volume posted at ~ during the same year. The sales of combine harvesters of 35 hp and below contributed ~% to sales volume in 2015. Combine harvesters ranging from 35 hp to 55 hp contributed ~% to overall sales volume in 2015. CV Karya Hidup Sentosa (Tractor Quick) had garnered a share of ~% in the combine harvester market in 2015 with total sales of ~ units. Kubota manufactures and sells three models (35 Hp, 60 Hp and 70 Hp) of combine harvesters in Indonesia and has helped the company to achieve a market share of ~% in terms of sales volume during the same period. Yanmar has managed to sell ~ units of its combine harvesters during the same period. The sale of combine harvesters is anticipated to increase from ~ units in 2018 to ~ units by 2020. During the same period, revenue generated by this market is projected to increase from USD ~ million during 2018 to USD ~ million by 2020.

The overall sales of rice transplanters in the country increased from ~ units in 2010 to ~ units in 2015, achieving a CAGR of ~% during the review period. The revenue generated from the sale of rice transplanters increased from USD ~ million in 2010 to USD ~ million in 2015, achieving a CAGR of ~% during the review period. Yanmar has total sales of ~ units in 2015. During the same year, Kubota sold ~ units of their Rice transplanter. The sales of rice transplanters are projected to increase from ~ units in 2018 to ~ units by 2020. The demand for these machines is expected to arise from certain areas in Java and Sulawesi by agricultural cooperatives and large/commercial farmers.

Majority of farmers that procure new 2 wheel and 4 wheel tractors purchase them with tractor implements. The revenue generated from the sale of tractor implements augmented from USD ~ million in 2010 to USD ~ million in 2015, achieving a CAGR of ~% during the review period. The total sales of tractor implements enhanced from ~ units in 2010 to ~ units in 2015, reporting a CAGR of ~% during the review period. Rotavators accounted for the share of ~% with respect to the sales of new tractor implements in 2015. The sale of tractor implements has been estimated to reach ~ units in 2018 and augment to ~ units by 2020.

Key Topics Covered in the Report:

Gross Domestic Product of Indonesia, Distribution of GDP by Agriculture, Manufacturing, Services

Population Demographics, GDP Per capita and GDP Per Capita (PPP) in Indonesia

Logistics Cost

Total Land under Cultivation and Distribution by Major Crops

Changes in Cropping Patterns of Major Crops and Factors Driving Change

Farm Holding Structure

Agricultural Practices

Snapshot on Irrigated and Non-Irrigated Land In Indonesia

Existing Problems in Agricultural Development in Indonesia

Government Policy Impacting The Agricultural Machinery Market in Indonesia

List of Agriculture Universities in Indonesia

Indonesia Agricultural Machinery Market Size on the basis of Revenue and Sales Volume

Indonesia 2 Wheel Tractor/Power Tiller Market Size on the basis of Revenue and Sales Volume

Indonesia 4 Wheel Tractor Market Size on the basis of Revenue and Sales Volume

Indonesia Combine Harvester Market Size on the Basis of Revenues and Sales Volume,

Indonesia Rice Transplanter Market Size on the basis of Revenue and Sales Volume

Indonesia Tractor Implements Market Size on the basis of Revenue and Sales Volume

Snapshot on Power Threshers Market in Indonesia

Price Range at Category- Customer Price/ Dealer Price (USD)

Region Wise Channel Points of Major Players in Indonesia

After Sales Support Policies

Market Share and Competitive Landscape of Major Players in Indonesia Agricultural Machinery Market

Business Model Adopted by Major OEM’s in the Tractor Market

Tractor and Implement Channel Strategies in Indonesia

Status of Custom Hiring in Indonesia

Geographical Distribution of Category wise sales for Tractors and Other Machinery in Indonesia

Indonesia Agricultural Machinery Market Future Outlook and Projections

Customer Insight on Indonesia Agriculture Equipments

What Farmers Consider Before Purchasing New Agricultural Machinery in Indonesia

Usage Patterns for Major Agricultural Equipments in Indonesia

Analyst Recommendations

For more information on the report, refer to the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/indonesia-farm-tractor-market-report/53418-104.html

Related Reports:

Vietnam Agricultural Machinery Market Outlook to 2020 - Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth

Thailand Agricultural Machinery Market Outlook to 2020 - Changing Labour Force Pattern and Improving Credit Conditions to Foster Future Growth

India Agricultural Equipment Industry Outlook to 2018 - Growing Potential of Rice Transplanters Market

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-901537824

Economic Growth of Hungary’s Construction Industry : Ken Research

There has been enhancement in residential construction in terms of buildings permits.
According to statistics, new construction permits issued for residential buildings grew by 27.2% in 2015, increasing from 5,132 in 2014 to 6,526 in 2015 and the total floor area of new building permits grew by 27.1%, going from 1,082,916 million in 2014 to 1,376,406 million in 2015.
During 2016-2020, it is expected that there will be an increased transportation of goods which will create a need for efficient transport infrastructure.

Ken Research recently published a report on, “Construction in Hungary – Key Trends and Opportunities to 2020” which provides a detailed analysis of Hungary’s Institutional Construction industry. Category-wise coverage of different segments in the industry is also included in the report. The projects launched by the government for enhancement of the sector are explained in this report. Additionally, major trends and drivers have also been covered, describing the market penetration and future potential of the industry. Commercial, industrial, infrastructure, energy and utilities, institutional and residential are the categories on the basis of which segmentation is done.
It is estimated that around 42% of labor force in construction will have high level qualification as compared to 29.7% in 2013. During 2011-2015 the Hungarian construction industry posed an optimistic growth. Due to recession in 2012, the economy was hit badly and construction activity went weak due to which business confidence of investors in construction industry got shaken. Investments got badly affected but due to improvement in economic conditions, the construction industry subsequently recovered and new investments started emerging. During 2016-2020, the construction industry is expected to expand but at a slow pace. It is expected that there will be accumulation of funds into infrastructure, energy and utilities, and commercial construction projects due to improvements in investor and consumer confidence. Government will also take initiatives and launch programs like Integrated Transport Development Operational Program (ITOP), Environment and Energy Efficiency Operational Program (EEEOP), National Renewable Energy Action Plan (NREAP) and Family Housing Allowance Program (CSOK) in order to supplement industry growth. In order to improve transport infrastructure and develop regional connectivity, Government has taken lot of efforts that will support the industry’s growth during 2016-2020. Plans are designed to increase the nation’s energy production in order to support funding in energy infrastructure projects. In real terms, the industry’s output value increased at a compound annual growth rate (CAGR) of 3.55% during 2011-2015 while is expected to post a CAGR of 2.74% for 2016-2020. Hungary being a landlocked country plays indispensible role in improving the performance of its logistics industry. According to the Központi Statisztikai Hivatal (KSH), the total volume of goods transported within the country grew by 1.6% in 2015 compared to 2014. Roads followed by railways, pipeline and water transport accounted for 84.8%, 7.8%, 7.3% and 0.1% respectively of the movement of goods in 2015.
The government is planning to construct two new nuclear reactors at the Paks Nuclear Power Plant to increase electricity generation capacity. Accordingly, the government entered into an agreement with Rosatom, Russia’s State Atomic Energy Corporation, in January 2014. Compared to the first half of 2014 the number of foreign tourist arrivals grew by 17.6% during the first half of 2015. In order to foster rapid development of construction industry, the Government has taken rigorous steps like hiking public investment, strengthening the access to funds available in the new EU financial programming period, enhancing the performance of public duties such as health, education, the social domain and public administration and cutting down taxes wherever it is crucially required. Regions like Budapest, Győr and Kecskemét, where stable demand in housing market has already lured several real estate investors, the reduced 5% VAT on housing construction between 2016 and 2019 is expected to play a vital role in the recuperation of construction sector and the supply side in the rest of the country as well.
To know more on the coverage, click on the link below:
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-hungary-key-trends/33359-97.html

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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

EMERGING TRENDS IN PROBIOTICS MARKET: KEN RESEARCH

Bacteria are another name for a disease in a layman language and we often happen to misunderstand the work and impact of bacteria to our body. As wisely said “There are always two sides of a coin”, similarly there are sides of bacteria, where bad bacteria turn into a disease and good bacteria help in digestion for our body. Another name for good bacteria is Probiotics, which are microorganisms, such as live bacteria and yeasts helping our body to keep the good health.

Probiotic products aid in treating neurological disorders and many digestive problems. They have as well many applications to diagnose mental illness, strengthening theimmune system, protection from oxidative destruction to proteins and lipids. Probiotics are naturally available in our bodies and as well can be found in some foods and supplements.
According to Ken Research The report titled “WORLD PROBIOTICS MARKET-OPPORTUNITIES AND FORECASTS, 2014-2022” offers thorough analysis of the opportunities, emerging trends and forecasts till 2022 of the Probiotic market. The report cover Porter Five Forces Model, Value chain Analysis , Market Segmentation by By Ingredient, Bacteria, Yeast, by function, Preventive Healthcare, Therapeutic, By Application, Dietary Supplements, Food & Beverage, By End Use, Animal Feed, Human Probiotics, Animal Probiotics. Report also discuss major geographies in detail.
The Probiotic market is not very old; people started to pay interest in knowing more about probiotics health benefits since mid-1990s. And because of its newly discovered fame, we can find them in many products like chocolates, yogurt and are sold as tablets, capsules, gel and powders.A huge increase in probiotic products demand is witnessed in past few years and many factors contribute to the growing awareness of this market. Consumer inclination towards natural products, rising consumer concerns on preventive healthcare have propelled the growth of probiotics. The innovativenessin the products offered in market in the form of beverages, functional foods and dietary supplements is amusing the global population. Probiotic demand is at upswing worldwide. A study confirms that in US 19% of respondents claim to consume probiotics in one form or the other due to digestive concerns and reportedly, 7% of these consumers do not even have digestive issues.
Improved living standards and increasing disposable incomes in developing countries supplement the growth of the market.In addition, chronic diseases like diarrhoea and bowel diseases have been the major driving factors for probiotic medicines in the market.
On the contrary, paramount factors restricting the growing market are observed to be:

1. Lack in microorganism concentrationstandardization in probiotic products.
2. Sky-scraping prices of ingredients.
3. Lacking awareness about benefits of probiotics.

Support of proactive government on seeking approval from Food & Drug Administration regarding probiotic foods and supplements is expected to be a lucrative opportunity for the growing market. Another driving factor which is growing awareness among globe is International conferences, publications on probiotics and several functional food fact sheets.
There ismuch segmentation on which the probiotics market is based which includes:

1. Ingredient
2. Application
3. Function
4. End use
5. Geography

The market segmentationon the basis of ingredient is categorised as bacteria and yeast. In powered or liquid form probiotic bacteria are induced with Probiotic foods like Yogurt. Similarly for therapeutic purposesYeast probiotics are said to be used. In the year of 2014 bacteria share was accounted for the maximum revenue and owing to the health benefits it provides, its position is anticipated to be consolidated during the forecast period.
Similarly, the market segmentation on the basis of application is categorised as food and beverages, animal feed and dietary supplements. The most liked mode of consuming probiotics is Food & beverages and its dominance is expected to be maintained during its forecast period. On the other hand due to increase in demand for botanical and natural health supplements, the dietary supplements market is expected to be growing fast.
The market segmentation on the basis of function is divided into regular,therapeutic and preventive healthcare. Due to increase in applications in pharmaceutical industry, preventive healthcare function amongst all is calculated to grow with a highest growth rate.  By user end, probiotics market segmentation is categorised into animal and human probiotics. Where in 2014Human probiotics market has dominated over the overall market and throughout the forecast period it is expected to generate highest revenue.
The four regions on the basis of which the market is analysed are Europe, North America,Asia-Pacific and LAMEA. During the forecast period Asia-Pacific is expected to continue as the highest revenue-generating region. The major players which are operating in market areBioGaia AB, Chr. Hansen Holding A/S,Danone, Yakult Honsha Co., Lifeway Foods, Nestle S.A., E. I. du Pont de Nemours and Company,GanedenInc and Protexin.
Geographies Covered:
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Italy
Rest of Europe (The Netherlands, Spain, Turkey and others)
Asia-Pacific
China
India

Topics Covers In The Reports:
Global Yeast Market Research
Dietary Supplements Market Research
Global Animal Feed market Size
Food and Beverages Market Research
US probiotics Market research
Mexico probiotics Market Research Report
Canada probiotics Industry Forecast
UK Probiotics Market Size
Germany Probiotics Consumption
Italy probiotics market Size
Probiotics Consumption China
India probiotics Market Research
To know more on the coverage, click on the link below:
https://www.kenresearch.com/healthcare/pharmaceuticals/world-probiotics-market-opportunities/48763-91.html
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Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Rising Dominance of Estate Crops and Varied Usage Patterns for Agricultural Machinery in Indonesia to Drive the Demand for Agricultural Equipments: Ken Research

•  To upgrade industries and climb the technological ladder, a strong partnership with the private sector will be crucial for the country.

•  The growing GDP, improving investment in infrastructure and low labor costs will provide a significant thrust to the manufacturing sector over the coming years.

•   The agricultural machinery market in Indonesia is estimated to reach over USD 740 million by 2020

Ken Research announced its latest publication on “Indonesia Agricultural Machinery Market Outlook to 2020 - Integration of Small Farm holders and Government Support to Foster Growth” provides a comprehensive analysis of the agricultural machinery market in Indonesia. The report covers aspects such as the market size on the basis of sales volume and revenue for Tractors, Combine Harvesters, Rice Transplanters and Tractor Implements. The segmentation for Tractors, Combine Harvesters and Rice Transplanters has been created on the basis of Horsepower while the segmentation for Tractor Implements has been showcased by products. The report also covers the market share, competitive landscape and working business model of major manufacturers, along with warranty policies and distribution channels of agricultural equipments. The report also covers farm ownership by different food and estate crops with expected changes in cropping pattern in the coming years. In addition to this, the report also covers the country overview, government regulation and agricultural overview of Indonesia. GDP, Per Capita Income and Population Demographics are analyzed in country overview. Land under cultivation, Changes in cropping patterns, farm holding structure and scale of mechanization are covered in agricultural overview. Regulatory policies, the import duty structure, subsidies and financing options are covered in government regulation. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The sales of agricultural machinery and implements are projected to reach over 230,000 units by 2020. 2 wheel tractors market in terms of revenues is likely to dominate in the future. 4 wheel tractors market is anticipated to report second position in the market in terms of revenues in 2020. This will be followed with Tractor implements, combine harvesters and rice transplanters. 

In rice growing and in other small size farms, small scale two wheel tractors are most popular due to its adaptation to the local economic conditions and management scales. The sustained popularity of hand tractors for land preparation and ideal soft soil conditions will augment its sales in future. Java will continue to be the area with the highest demand and sales of hand tractors in the country.

The 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. Moreover, the higher production for palm oil, rubber and sugarcane in these regions has also boosted the demand for 4 wheel tractor sales. The level of mechanization in harvesting in Indonesia is still very low as a majority of farmers still use manual methods. Combine harvesters are mainly demanded by a limited target audience and farmers and agricultural cooperatives and this trend is expected to continue in the future. The level of mechanization with respect to transplanting is still very low as farmers prefer to engage in manual methods of transplanting as this involves only cost of labor been employed on the farm. The sale of rice transplanters is projected to increase in the coming years. Indonesia is on the path towards self-sufficiency in terms of rice production and consumption due to which a majority of farmers in the country are expected to continue rice farming. The growth in sales of two wheel and four wheel tractors is complemented with the growth in tractor implements as a majority of farmers purchase tractor implements along with new tractors. The sale of tractor implements has been estimated to reach is anticipated to grow in tandem with the sales of 2 wheel and 4 wheel tractors.

“It is advisable for new entrant to provide great after sales support services such as on site mechanics support even during the peak seasons or timely commitment of services or otherwise free spares. Moreover, the farmers in Indonesia have lower credit worthiness due to limited farm income, which refrain them to purchase farm machinery. In lieu to this, the farm equipment companies should instigate separate leasing department that can provide farm machinery to the farmers with limited finance”, according to Research Analyst, Ken Research.

Key Topics Covered in the Report:

Country Overview: Gross Domestic Product (GDP) of Indonesia, Key Factors Driving Growth in GDP, Contribution to GDP: Agriculture, Manufacturing and Service Sector, Population Demographics, Logistics Cost

Agricultural Overview: Total Land under Cultivation, Distribution by Major Crops, Rice, Sugarcane, Cassava and Rubber, Palm Oil and Maize, Changing Cropping Patterns in Indonesia and Factors Driving Change

Farm Holding Structure in Indonesia: Number of Farms and Farm Holding Size, Nature of Ownership, Food and Estate Crops

Regulatory Policies Impacting Farm Holding Structure: Regulatory Structure, Import Duty Structure, Certification Requirements, Subsidies, Government Taxes, Finance Options

Agricultural Practices: Extensive and Intensive Farming, Scale of Mechanization, Irrigated and Non-Irrigated Land

Market for Tractor and Agricultural Implements: Indonesia Agricultural Equipment Market, Tractor Market, Rice Transplanter Market, Combine Harvester Market, Tractor Implements Market

Key Factors Driving Growth of Agricultural Equipment Market

Market Share and Competitive Landscape of Leading Manufacturers in Indonesia Agricultural Equipments Market

Competitive Landscape of Leading Manufacturers in Indonesia Agricultural Equipments Market

Price Range for Agricultural Equipments

Geographical Distribution of Category Wise Sale of Tractors and Combine Harvesters

Working Model of Major OEM’s in Indonesia Agriculture Equipment Market

Custom Hiring Market

Export-Import of Agricultural Equipments in Indonesia

Future Projections for Indonesia Agricultural Equipment Market

Customer Insight: Decision Making Process for Procurement of Agricultural Equipments, Usage Pattern for Major Agricultural Equipments in Indonesia

Analyst Recommendations

Key Products Mentioned in the Report

Four Wheel Tractors

Power Tillers

Combine Harvesters

Rice Transplanters

Tractor Implements (Rotavator, Disc Plough, Disc Harrow, Land Leveler, Sprayers/ Spreaders)

Companies Covered in the Report

PT Kubota Machinery Indonesia

Yanmar Indonesia

Quick Tractors (CV. Karya Hidup Sentosa)

PT Rutan (Agrindo)

Traktor Nusantara (Massey Ferguson and Tym)

PT Satrindo Mitra Utama (John Deere)

Altrak 1987 (New Holland)

Maxxi

Galaxy

Tanikaya

For more information on the report, refer to the link below:

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/indonesia-farm-tractor-market-report/53418-104.html

Related Reports:

Vietnam Agricultural Machinery Market Outlook to 2020 - Government Initiatives to Increase Mechanization and Enhancing Credit Availability to Drive Future Growth

 

Thailand Agricultural Machinery Market Outlook to 2020 - Changing Labour Force Pattern and Improving Credit Conditions to Foster Future Growth

India Agricultural Equipment Industry Outlook to 2018 - Growing Potential of Rice Transplanters Market

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-901537824

Future of the South African Defense industry: Ken Research

Ken Research has recently announced its latest publication  The South African defense industry witnessed a reduction in expenditures due to decline in government budgets. The report titled “FUTURE OF THE SOUTH AFRICAN DEFENSE INDUSTRY-MARKET ATTRACTIVENESS, COMPETITIVE LANDSCAPE AND FORECASTS TO 2021” discusses South Africa Defense Industry in detail with focus on past , present and future trends. The report also discusses detailed profiles of the leading domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available.

Overview of the South Africa defense Industry
In this competitive era, local defense industry needs the constant support from the government and department of defense to survive in the market and compete with other economies. For this purpose, NDIC was created in South Africa. The NDIC coordinates between government and the department of defense and keep a check on local defense industry that it should be a supplier to local as well as international markets and must be reliable. The NDIC looks for the improvement of the defense sector. Since there are funding constraints, so it helps government to find new ways of funding and upgradation of technology. Defense sector in South Africa offers employment opportunities to many. It employs a significant share of the total population. This is also one of the aims of NDIC. There is a cut in defense budgets in South Africa so for the existence; Local defense industries need continuous support from the government. This industry requires capital expenditure and huge funds in Research and Development to bring innovations and switch over to advance technologies. Companies themselves are not self-sufficient for this large scale investment so government acts as an upper hand to them.  The government tries to protect them and contributes as much as it can because the defense industry is very crucial for the nation’s growth, According Ken Research.
Also the developed country which spends a lot in Research and development in this crucial sector for the growth and safety of a nation is growing at a lower rate than the growth in developing or emerging countries. The reason is quite simple. Developing nation can replicate the R&D done by developed nations and can grow faster. Developing nations are reaping the benefits of R&D done by developed ones.
Key Driving Factors in Future of the South Africa defense Industry

• Largest economy among African economies
• Bag full of business opportunities
• Offers employment opportunities large part of the population
• Government efforts for the growth of defense industry
• South Africa Defense Expenditure
• South Africa Military Expenditure
• South Africa Defense market Size
• Air Force Expenditure South Africa
• Homeland security expenditure South Africa
• Global Defense Industry Research
• South Africa Defense Equipment's  Market
• South Africa Ballistic Protection market Size

Barriers in the growth of the South Africa defense Industry:

• Trimming of budgets by various economies and also the decline in spending by existing customers
• Uncertain global economy

Future of the South Africa defense Industry
This is quite common among all the countries that defense expenditure is falling. Military expenditure is mainly driven by modernization of armed forces. Among the African economies, South Africa is the largest and the country attracts business in various fields such as mining, finance, retail markets and manufacturing. There was slowdown seen in global defense industry in terms of budget and investment till 2015 but in 2016, defense industry is expected to grow at 3%. Defense expenditure is expected to grow at a CAGR of 1.83% by 2021 to reach USD 4.6 billion.
To know more on “Future of the South Africa defense Industry” click on following link:
https://www.kenresearch.com/defense-and-security/defense/future-south-africandefense-industry/39459-16.html
Related links:
https://www.kenresearch.com/defense-and-security/defense/defense-industry-business-outlook/29313-16.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204