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Farm Mechanization Market in India to Grow at a CAGR of 7.53% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Farm Mechanization Market in India 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 08/10/2016 -- Report forecast the farm mechanization market in India to grow at a CAGR of 7.53% during the period 2016-2020.

The global farm mechanization market is largely dependent on agricultural land and farm output. Global agricultural production affects the market substantially as it grows in tandem with the demand for food. However, in various phases, the global agricultural production has slowed down in recent years as the demand for agricultural products has decreased. Recent environmental changes are also significantly affecting global agricultural production.

The report covers the present scenario and the growth prospects of the farm mechanization market in India for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of tractors, harvesters, power tillers, rice transplanters, and laser land levelers.

The market is divided into the following segments based on product:
- Harvester
- Laser land leveller
- Power tiller
- Rice transplanter
- Tractor

According to the report, growing demand-supply gap in agricultural sector will be a key driver for market growth. Population growth is one of the major drivers of the food demand in India. The population of India has increased from 930 million in 1996 to about 1.29 billion in 2015. According to the research conducted by the Australian Department of Agriculture, the real value of agri-food demand in India will rise by 136% in 2009-2050. The demand for food has increased with the increase in population. However, the area of arable land has not increased in proportion to the rise in the demand for food. So, farmers are trying to increase efficiency and accelerate production by adopting advanced agricultural machinery and efficient farm cultivation techniques to meet the increased demand for food.

Further, the report states that the high costs of equipment will be a challenge against the market growth. Farm equipment, especially the energy-efficient equipment, is capital intensive and constitutes a major investment for farmers in India. The majority of the farmers in India belong to the low-income bracket, and more than 80% of the farmers own marginal to small farm. These farmers do not have the financial capability to buy heavy and technologically advanced machines or to buy them by loaning capital. So, around 90% of the tractors sold in India are bought via the assistance of various financial institutions.

Farm Mechanization Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the farm mechanization market in india: John Deere, Mahindra, TAFE, and International Tractors.

Other Prominent Vendors in the market are: AGCO, Beri Udyog, CLAAS, CNH Industrial, Daedong Industrial, Escorts Group, Fotol Lovol, Kubota Tractors, KUHN Group, LEMKEN India, McCormick, Pöttinger, and SDF Group.

Market driver
- Growing demand-supply gap in agricultural sector
- For a full, detailed list, view our report

Market challenge
- Uncertainties in global market and weather conditions
- For a full, detailed list, view our report

Market trend
- Growing adoption of tractors using alternative fuels
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages and 46 Exhibit "Farm Mechanization Market in India 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global agricultural sector: An overview, Market segmentation by product, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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