As on date of
publishing, this report will capture the impact assessment of COVID-19 on this
market and the same will be considered in our market forecast model. Clients
purchasing this report between April and June 2020 will be getting a ‘free’
updated market data excel sheet between July and September 2020 accounting for
the impact of COVID-19 on the market in the current year 2020 and forecast.
India is an agrarian country with
agricultural sector being the largest contributor to the country’s economy. Agriculture
is also the largest source of livelihood for many in the country. India agricultural
equipment market is expected to grow at a steady rate during the forecast
period. The India agricultural equipment market is driven by the widespread
adoption of contract farming techniques. Additionally, ease of financing, low
import duty, large number of subsidies, among others being provided by the
government of India is further expected to propel the market growth through
2025. Also, increasing sales of power tillers and tractors is further expected
to fuel the market growth. Furthermore, government policies and schemes such as
National Food Security Mission, Paramparagrat Krishi Vikas Yojana, Pradhan
Mantri Krishi Sinchai Yojana, among others, is expected to create lucrative
opportunities for market growth over the next few years.
The India agricultural equipment market
is segmented based on type, automation, sales channel, application, company and
region. Based on type, the market can be categorized into tractors, harvesters,
planting equipment, irrigation & crop processing equipment, spraying
equipment, hay & forage equipment and others. Among these, the tractors
segment is expected to dominate the market during the forecast period on
account of the growing use of tractors both in standalone and in combination
with other agricultural equipment ways. Based on application, the market can be
fragmented into land development & seed bed preparation, sowing & planting,
weed cultivation, plant protection, harvesting & threshing, post-harvest
& agro processing and others. Here, the harvesting and threshing segment is
expected to hold a significant market share as it helps in easing the crop
harvesting procedures and saves time and costs.
Major players operating in the global
agricultural equipment market include Escorts Limited, Mahindra & Mahindra
Limited, Tractor and Farm Equipment Limited, John Deere India Private Limited, The
Sonalika Group, CNH Industrial (India) Private Limited, Force Motor Limited, Greavers
Cotton Limited, Shivagrico Implements Limited, VST Tillers Tractors Limited and
others. The companies are developing advanced technologies and launching new products
in order to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and estimate the market size of India
agricultural equipment market from 2015 to 2018.
- To estimate and forecast the market size of India
agricultural equipment market from 2019 to 2025 and growth rate until
2025.
- To classify and forecast India agricultural
equipment market based on type, automation, sales channel, application, company
and regional distribution.
- To identify dominant region or segment in the India
agricultural equipment market.
- To identify drivers and challenges for India
agricultural equipment market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
agricultural equipment market.
- To identify and analyze the profile of leading
players operating in India agricultural equipment market.
- To identify key sustainable strategies adopted
by market players in India agricultural equipment market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of India agricultural equipment market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Agricultural equipment manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to agricultural equipment
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as agricultural equipment manufacturers, suppliers, partners, end
users, etc., besides allowing them in strategizing investments and capitalizing
on market opportunities.
Report Scope:
In this report, India agricultural
equipment market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- India Agricultural Equipment Market, By Type:
- Tractors
- Harvesters
- Planting Equipment
- Irrigation & Crop Processing
Equipment
- Spraying Equipment
- Hay & Forage Equipment
- Others
- India Agricultural Equipment Market, By Automation:
- Automatic
- Semi-Automatic
- Manual
- India Agricultural Equipment Market, By Sales
Channel:
- India Agricultural Equipment Market, By Application:
- Land Development & Seed Bed
Preparation
- Sowing & Planting
- Weed Cultivation
- Plant Protection
- Harvesting & Threshing
- Post-harvest & Agro Processing
- Others
- India Agricultural Equipment Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India agricultural equipment market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India agricultural
equipment market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com