Indian Agricultural Equipment Market Share, Size, Industry Trends, Growth, Analysis and Forecast Till 2023

1. Indian Agricultural Equipment Market Trends, Report and Forecast Till 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Indian Agricultural Equipment Market Report By Equipment Type (Tractors, Trailer, Harvesters, Planting Equipment, Spraying Equipment, Hay & Forage Equipment and Others), Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing and Post-Harvest & Agro Processing ), Region Over the years, the Indian agricultural equipment market has experienced healthy growth. This can be attributed to the easy availability of agricultural equipment at low credit rates, increasing agricultural productivity, emergence of contract farming and incentives provided by the Indian government. Market Overview: The latest report by IMARC Group, titled “Indian Agricultural Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Indian agricultural equipment market was worth INR 857 Billion in 2017. Agriculture in India ranges from large-scale to small-scale farming and usually depends upon rainfall for proper irrigation. Over the past few years, the farming industry has witnessed a drastic change owing to the increasing availability of agricultural equipment at affordable prices, especially to smallholder farmers who have access to limited or no mechanization. Various mechanical equipment are available in the market for performing day-to-day farming activities like tilling, sowing, irrigating and threshing. As they help in reducing the manual work and improving crop yield, several farmers across the country are switching to these machines.

4. Report Description and Highlights Report Description Market Trends: One of the major factors which has increased the demand for agricultural equipment is large-scale migration from rural to urban regions which has led to a shortage of labor. Apart from this, numerous banks and microfinance institutions located in rural areas are providing credit at low interest rates to the farmers for purchasing agricultural machinery. The improving economic stability of the farmers has also enabled them to invest their money in better resources. Further, several initiatives taken by the Indian Government towards rural development have driven the agricultural equipment industry in India. For instance, the Government is providing incentives and easy financing schemes for agricultural machinery. Additionally, the advent of contract farming in India is projected to propel the growth of the industry as the Government is exempting import taxes and duties on irrigation equipment for contract farming. In the upcoming years, the market is anticipated to reach INR 1,245 Billion by 2023, expanding at a CAGR of 6.3% during 2018-2023. Indian Agricultural Equipment Market Segmentation: Market Segmentation by Equipment Type For more information, click here: https://www.imarcgroup.com/farm-agricultural-equipments-industry-india

5. Market Forecast Sample Figure: India: Agriculture Equipment Market Forecast: Sales Value (in Billion INR), 2018-2023

6. Market Segmentation Report Description • Tractors • Trailer • Harvesters • Planting Equipment • Irrigation and Crop Processing Equipment • Spraying Equipment • Hay and Forage Equipment • Others • On the basis of equipment, the market has been segregated into tractors, trailers, harvesters, planting equipment, irrigation and crop processing equipment, spraying equipment, and hay and forage equipment. Amongst these, tractors hold the majority of the total market share. • Market Segmentation by Application • Land Development and Seed Bed Preparation • Sowing and Planting • Weed Cultivation • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=375&flag=B

7. Market Segmentation Report Description • Plant Protection • Harvesting and Threshing • Post-Harvest • Agro Processing • Others • Based on applications, land development and seed bed preparation account for the largest share. Other application areas include sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro processing. • Market Segmentation by Region • North India • South India • West India • East India • Region-wise, the market has been divided into North India, South India, East India and West India. Currently, North India represents the leading market for agricultural equipment, holding the majority of the market share.

8. Market Segmentation Report Description Competitive Landscape: The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the major players operating in the market. In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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12. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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