LONDON--(BUSINESS WIRE)--Technavio has been monitoring the agricultural machinery market in India and it is poised to grow by USD 3.73 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AGCO Corp., Amalgamations Group Co., CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., and Mahindra & Mahindra Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Adoption of contract farming has been instrumental in driving the growth of the market.
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Agricultural Machinery Market in India 2020-2024: Segmentation
Agricultural Machinery Market in India is segmented as below:
- Harvesting Machinery
- Haying Machinery
- Planting and Fertilizing Machinery
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Agricultural Machinery Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our agricultural machinery market in India report covers the following areas:
- Agricultural Machinery Market Size in India
- Agricultural Machinery Market Trends in India
- Agricultural Machinery Market Analysis in India
This study identifies government initiatives to support sustainable agricultural practices as one of the prime reasons driving the agricultural machinery market growth in India during the next few years.
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Agricultural Machinery Market in India 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist agricultural machinery market growth in India during the next five years
- Estimation of the agricultural machinery market size in India and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the agricultural machinery market in India
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of agricultural machinery market vendors in India
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Tractors - Market size and forecast 2019-2024
- Harvesting machinery - Market size and forecast 2019-2024
- Haying machinery - Market size and forecast 2019-2024
- Planting and fertilizing machinery - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- AGCO Corp.
- Amalgamations Group Co.
- CLAAS Group
- CNH Industrial NV
- Deere & Co.
- Escorts Ltd.
- International Tractors Ltd.
- ISEKI & Co. Ltd.
- Kubota Corp.
- Mahindra & Mahindra Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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