Indonesia Agriculture Equipment Market:
Growth opportunities in the Indonesia agriculture equipment market look promising over the next six years. This is mainly due to the rising adoption of modern technologies among the farmers to supplement the quality of farm yield, increasing government initiatives, and growing population rate.
Indonesia Agriculture Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Indonesia accounts to be one of the prime producers of an extensive variety of tropical agricultural products. The augmenting acquisition of the latest technologies by farmers to improve the farm yield quality is one of the remarkable drivers stimulating the growth of the Indonesia agriculture equipment market. Also, the accelerating population rate has raised the food demand, which is fuelling the market demand. Enormous machines used for advanced farming which include, harvesters and irrigation, spraying, cold processing equipment, are growingly adopted in different processes to intensify the overall quality and output of the crop. The Ministry of Agriculture (MOA) In 2019 launched the Upsus Pajale Program to fuel the production of rice and maize, thus raising farmer’s productiveness. The government allocated state-owned enterprise (SOE) Bulog to the National Logistics Agency to intensify the rice procurement systems at the field. Moreover, the Indonesian government, in 2017, distributed approximately USD 4.5 billion directly to 115,000 villages in the country for rural investment and development and in 2021 declared the strategy to boost national production of local agriculture machinery and prepared a budget adding up to USD 538 million for machinery development. Thus, the growing emphasis on rural are development will strengthen the market growth. However, the excessive cost concerned with advanced machineries, like complicated mechatronic systems that need specialized manufacturing and assembling processes, will curb the market growth.
The tractor is considered to be the most prevalent agricultural equipment which is experiencing robust demand in Indonesia. Moreover, it is believed to be an important piece of equipment in farm machinery used for many activities such as standalone equipment and together with other instruments. On the other hand, another equipment Harvester is increasing employed by farmers to expand productivity and reduce labor dependency. This equipment is also utilized for land development and seedbed preparation.
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