Edison, NJ -- (SBWIRE) -- 08/25/2020 -- A new business intelligence report released by HTF MI with title "Agricultural Machinery Market in India 2019" is designed covering micro level of analysis by manufacturers and key business segments. The Agricultural Machinery Market survey analysis?offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Mahindra & Mahindra Limited , Escorts Limited, Force Motor Limited, Greavers Cotton Limited, Shivagrico Implements Limited, VST Tillers Tractors Limited, John Deere India Private Limited, Tractor and Farm Equipment Limited, International Tractor Limited, CNH Industries India Private Limited.
What's keeping Mahindra & Mahindra Limited , Escorts Limited, Force Motor Limited, Greavers Cotton Limited, Shivagrico Implements Limited, VST Tillers Tractors Limited, John Deere India Private Limited, Tractor and Farm Equipment Limited, International Tractor Limited, CNH Industries India Private Limited Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI
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India is an agrarian economy, with over 50% of the population dependent on agriculture for their livelihood. As of 2019, agriculture and its allied sector accounted for ~16% of India's gross domestic product (GDP). The performance of this sector drives the prices and market demand for essential commodities. The accessibility, and quality of agricultural machinery positively impacts productivity and output of the farming sector. Furthermore, the Indian machinery market is expected to introduce Self-Driving Autonomous Tractors, and increase application of innovative technology like Internet of Things (IoT) and Big Data to make agriculture a profitable profession for farmers.
Market Insights
The Indian agricultural machinery market was valued at INR 498.04 Bn in 2018 and is expected to reach INR 901.41 Bn by 2024, expanding at a CAGR of ~10.70% during the 2019-2024 period. The industry experienced a sluggish growth initially, owing to the economic slowdown in the country. However, rise in the purchasing power, availability of better financing options, and growth of contract farming are expected to improve market revenue during the forecast period. The adoption of the sharing economy model and tech-driven start-ups is expected to revolutionize the agriculture machinery market in India.
The United States, Nepal and Sri Lanka account for the major share of exports of agricultural equipment from India. Whereas, India imports more than 70% of agricultural equipment from China.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market along with impact of economic slowdown due to COVID.
Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019
Base year – 2019
Forecast period** – 2020 to 2026 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Agricultural Machinery Market: tractors, rotavators, power tillers, threshers, and others
Key Applications/end-users of Agricultural MachineryMarket: Farming
Top Players in the Market are: Mahindra & Mahindra Limited , Escorts Limited, Force Motor Limited, Greavers Cotton Limited, Shivagrico Implements Limited, VST Tillers Tractors Limited, John Deere India Private Limited, Tractor and Farm Equipment Limited, International Tractor Limited, CNH Industries India Private Limited
Region Included are: North America, Europe, Asia-Pacific etc
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Important Features that are under offering & key highlights of the report:
– Detailed overview of Agricultural Machinery market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Agricultural Machinery market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Agricultural Machinery market performance
– Market players information to sustain and enhance their footprint
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Major Highlights of TOC:
Chapter One: Agricultural Machinery Market Industry Overview
1.1 Agricultural Machinery Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Agricultural Machinery Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Agricultural Machinery Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Agricultural Machinery Market Size by Demand
2.3 Agricultural Machinery Market Forecast by Demand
Chapter Three: Agricultural Machinery Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Agricultural Machinery Market Size by Type
3.3 Agricultural Machinery Market Forecast by Type
Chapter Four: Major Region of Agricultural Machinery Market
4.1 Agricultural Machinery Sales
4.2 Agricultural Machinery Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
- What impact does COVID-19 have made on Agricultural Machinery Market Growth & Sizing?
- Who are the Leading key players and what are their Key Business plans in the Agricultural Machinery market?
- What are the key concerns of the five forces analysis of the Agricultural Machinery market?
- What are different prospects and threats faced by the dealers in the Agricultural Machinery market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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