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Indian Agriculture Equipments Industry | Demand and Growth

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In the recent research report "Agriculture Industry in India" described how mechanisation drives the growth of the indian agriculture equipments industry and the key factors for increasing demand of agriculture equipments in country. Link to report : – PowerPoint PPT presentation

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Title: Indian Agriculture Equipments Industry | Demand and Growth


1
Imarc www.imarcgroup.com
Consulting Services
Mechanisation Drives the Growth of the Indian
Agriculture Equipments Industry
Published May 2015
Copyright 2015
International Market Analysis Research
Consulting (IMARC). All Rights Reserved
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om Website www.imarcgroup.com Phone
(US)1-631-791-1145, (IND) 91-120-415-5099 
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About IMARC Group
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3
Mechanisation Drives the Growth of the
Indian Agriculture Equipments Industry   Driven
by factors such as increasing labour costs, easy
availability of credit, government incentives,
emergence of contract farming, rising rural
incomes, etc., the Indian agriculture industry is
shifting from being labour intensive to becoming
mechanized. This shift is driving the demand of
agriculture equipments in the country. India has
witnessed an unprecedented growth in agriculture
yields. A new report by IMARC Group titled,
Agriculture Industry in India Market Segments,
Key Drivers, Challenges, Market Trends and
Regulations finds that the agriculture market
has grown at a CAGR of 14 in the last eight
years. The increase in agriculture produce has
ensued a shift in the agriculture industry from
being labour-intensive to becoming mechanised.
This has contributed to the growth of the
agriculture equipments industry in the country.
The report finds that the key factors that
contributed to the growth of the agriculture
equipment industry are easy availability of
credit, government incentives, increasing
agricultural productivity, emergence of contract
farming, increasing rural incomes, etc. According
to an analyst at IMARC Group The significance of
ensuring timeliness of agriculture operations has
necessitated the need to mechanise agriculture or
use equipments. Mechanisation also enables
optimum utilisation of inputs such as seeds,
water, fertilizers, etc. Even farmers with small
land holdings have developed the practice of
utilising selected farm equipments, mainly
through custom hiring.  
Report Description and Highlights
4

Indian Agriculture Equipments
5
Report Description and Highlights
  According to the report, the agriculture
equipment industry encompasses a wide range of
equipments that includes - tractors, harvesting
and threshing equipment, plant protection
machines, irrigation and drainage pumps,
sprinkler systems, land development machinery,
agro-processing equipment, etc. Of these,
tractors represent the biggest market segment
accounting for 38 of the entire market. The
report also finds that, although there is an
increasing penetration of agriculture equipment
in India, there are wide disparities in
mechanisation across the country which leaves a
lot of room for future growth. Apart from the
agriculture equipments industry, this report also
gives an insight into the market trends, market
segments, drivers and challenges, opportunities,
various sub-sectors, regulations and the
marketing requirements of various other
agriculture segments such as farming,
fertilizers, pesticides, floriculture,
apiculture, sericulture, seeds, animal husbandry,
etc. The report, which is based on both desk
based research and multiple waves of qualitative
primary research is a must read for anyone who
plans to venture into the agriculture industry.
To know more on Indian Agriculture Equipments
Industry visit http//www.imarcgroup.com/indian-a
griculture-euipments-industry
6

Indian Agriculture Industry
7
Report Description and Highlights
To buy the complete report or to get a free
sample, please contact IMARC Group
Asia Email apac_at_imarcgroup.com Phone
91-120-415-5099  IMARC Group North
America Email america_at_imarcgroup.com Phone
1-631-791-1145 IMARC Group Europe, Middle East
Africa Email ema_at_imarcgroup.com Phone
44-702-409-7331  To know more please visit
http//www.imarcgroup.com/agriculture-industry-in-
india
8
Browse Related Reports
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2012-2017 - http//www.imarcgroup.com/farm-agricul
tural-equipments-industry-india   Biofertilizer
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Project Report Industry Trends, Manufacturing
Process, Machinery, Raw Materials, Cost and
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zotobacter-and-rhizobium-manufacturing-plant    I
ndian Floriculture Market Report Forecast
2012-2017 - http//www.imarcgroup.com/flower-flori
culture-industry-india Indian Agrochemicals
Market Report Forecast 2012-2017 -
http//www.imarcgroup.com/fertilizer-pesticide-agr
ochemical-industry-india
9
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