Indonesia Used Tractor Market is in its growing stage, Driven By Remote Monitoring Technologies, Farm Mechanization and Dominated by Low Engine Power Tractors: Ken Research

Focus on lower HP Tractors, New Government Policies, and the Contribution of Farmers in the market are major factors contributing to the development of the Used Tractor Market in Indonesia.

Growing Demand for lower HP tractors: Demand for lower HP tractors is high due to the low disposable income of farmers and high labour costs. One of the features of low an HP tractor is that it can be used in small farms and gardens. Such tractors also allow farmers to work during low visibility field conditions during rain, dust, and fog and maximize efficiency making farming more accurate and productive.

Contribution of Smallholder Farmers: Indonesia is 3rd largest producer of rice in the world. It has been hit by both droughts and floods in the past few years which has impacted the yield of crop production and it has the lowest proportion for smallholder farmers as compared to other Asian Countries helping the country to grow positively.

Promising Government Initiatives: Indonesia's manufacturing exports are dominated by 'low-tech' agricultural spare parts & accessories and operations are focused mainly on blending and assembly. The Govt. has been taking multiple reforms to aid agricultural labourers. Self-driven or automatic tractors are gaining traction in foreign countries. As a result, 2W tractors/tillers are also being imported by countries such US, France, and Indonesia.

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Increased Awareness about Mechanisation: The need for improvement in the productivity of agricultural land and shift towards agriculture mechanization has caused the majority of farmers to increase their demand for tractors. Surge in demands for power, precision, handling, and efficiency have collectively led to the development of modern planter tractor and continue to drive the development of these tractors. The increasing cost of farm labour over the years has caused a majority of farmers to substitute farm labour with agricultural machinery, which resulted boost in sales of used tractors.

Analysts at Ken Research in their latest publication "Indonesia Used Tractor Industry Outlook to 2026F, Driven By Remote Monitoring Technologies, Farm Mechanization and Dominated by Low Engine Power Tractors " by Ken Research provides a comprehensive analysis of the potential of Used Tractor Market in Indonesia. The rising consciousness among the population of mechanisation, along with the growing Low Engine power Tractor and Government Initiatives, is expected to contribute to the market growth over the forecast period. Indonesia Used Tractor Market has been growing at a robust CAGR over the period of 2022-2026.

For more insights on the market intelligence, refer to the link below: -
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/indonesia-used-tractor-market-outlook-to-2027/596195-104.html

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
• Jualo.Com
• Tokopedia
• Olx Bri
• Alibaba.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

Related Reports by Ken Research: -
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/thailand-used-tractor-market-outlook-to-2027/596072-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/philippines-used-tractor-market-outlook-to-2027/596139-104.html

Ken Research Pvt. Ltd

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.