India Agricultural Equipment Industry Outlook to 2018

India Agricultural Equipment Industry Outlook to 2018 – Growing Potential of Rice Transplanters Market provides comprehensive analysis of market size of farm equipments such as tractors (50HP), combine harvesters (wheel type self propelled, tractor mounted, track type self propelled), rice transplanters, rotavators, power tillers and threshers in India. The report provides market share analysis of major players in tractor, rotavator, power tillers, rice transplanters and threshers market along with the company profile. The publication provides trends and development, average prices, future outlook and prospects of farm equipments along with the cause and effect relationship of several macro-economic and industry factors.

The Indian agriculture sector has witnessed a considerable decline in the use of human and animal power for agricultural activities in recent years. This has paved a way for a range of agricultural equipments that have been introduced in the market. A large number of these agricultural equipments are driven by tractors or diesel engines and therefore are swiftly transforming the traditional agricultural processes of the country into agriculture mechanization.

Farm mechanization has improved the agricultural productivity by enabling optimum utilization of the inputs and by increasing the efficiency of the various farming activities. The growing income levels of farmers have boosted the demand for farm equipments such as power tillers, tractors, combine harvesters, rice transplanters. In addition to this, the acute shortage of labor resources for agricultural activities owing to the lucrative opportunities in the growing industrial sector is major factor responsible for the growth in the demand for agricultural equipments. The attractive subsidies given by central and state governments have also encouraged farmers to buy farm equipments.

The Indian market of agricultural equipments was estimated of the size of ~ units by sales in FY’2013....