Analyzing and studying the local demand for agricultural tractor accessories using statistical methods to support feasibility studies for manufacturing locally

Abstract

When establishing any industrial project, it is necessary to conduct a feasibility study for it. This includes a market feasibility study to determine the expected demand for the project's products using a set of statistical methods, and to assess whether there is demand for specific products that the industrial establishment aims to produce in the future. If the results of the market feasibility study are positive, a decision will be made to initiate technical and engineering studies for the project. This study aims to evaluate and calculate the demand for agricultural tractor attachments as a case study, using several methods and then comparing their results with each other. This is based on recorded data on the quantities imported in previous years from certain specialized entities, such as the Agricultural Supplies Company, and sold to consumers in the local market. This study aims to link the results of the demand estimate for industrial project products for subsequent use in reverse engineering calculations used to redesign and manufacture products locally instead of importing them. The results of the demand estimate were also used to conduct a technical study, including determining the required number of each type of manufacturing machinery and equipment, the required number of technicians and workers to operate these machines, and the required quantities of raw materials to manufacture the targeted number of project products. Based on the study results, it was found that the values ​​resulting from the moving average and logarithmic curve methods were close, while the value resulting from the least squares method was approximately 35% higher. The results showed that there is demand for agricultural tractor accessories in the local market, and that it is possible to redesign products previously imported from abroad and remanufacture them locally, as this approach has a significant positive impact on the national economy when industries are replaced locally instead of imported.