Agricultural Machinery Market in India 2017 - Research and Markets

DUBLIN--()--The "Agricultural Machinery Market in India 2017" report has been added to Research and Markets' offering.

The Indian agricultural machinery market is projected to grow at a CAGR of around 6.6% to reach INR 769.2 billion by FY 2022.

The growth of India's agriculture sector has also boosted the agricultural machinery market in India.

India is the largest tractor market in the world and the 41-50 HP is the largest selling segment. It accounted for 44% of the total tractor sales in FY 2015. Tractors and power tillers have played a vital role in the overall development of agriculture in the country.

Government initiatives such as Kisan Credit Card, National Mission on Agricultural Mechanization (NMAM), and Tractor Subsidy Scheme have contributed to the growth of the machinery market. Easy availability and access to low cost credit is another reason for growth in the market. This helps farmers invest in assets, obtain greater yield and income. Strong governmental regulations on the availability of finance for agricultural mechanization tools, rural development, and high irrigation potential will drive the agricultural farm machinery industry in India.

High cost of agricultural machines is one of the major challenges hampering the growth of agricultural machinery market in India. Agricultural machines are capital-intensive. As a result, it is a major investment for small and marginal farmers. The overall land holding in India is fragmented, which is another threat to the market. Fragmentation of land leads to lower productivity levels, as farmers cannot make effective use of machinery on small farms.

Key Topics Covered:

  1. Executive Summary
  2. Socioeconomic Indicators
  3. Market Overview
  4. Trade Analysis
  5. Market Influencers
  6. Government Influencers
  7. Market Trends
  8. Competitive Landscape
  9. Recent Developments
  10. Appendix

Companies Mentioned

  • CNH Industrial (India) Pvt. Ltd.
  • Escorts Ltd.
  • Force Motors Ltd.
  • Greaves Cotton Ltd.
  • International Tractors Ltd.
  • John Deere India Pvt. Ltd.
  • Mahindra and Mahindra Ltd.
  • Shivagrico Implements Ltd.
  • Tractors And Farm Equipment Access Ltd.
  • VST Tillers Tractors Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/zqm9mq/agricultural

Contacts

Research and Markets
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press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Agricultural Machinery and Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Agricultural Machinery and Equipment