Showing posts with label VST Tiller Market Share India. Show all posts
Showing posts with label VST Tiller Market Share India. Show all posts

Tuesday, May 9, 2017

Government Subsidies under SMAM and Increasing MSPacross Major Food Crops and Increasing MSP (Minimum Support Price) across Major Food Crops to Foster India Agricultural Implements Market Growth : Ken Research

  • Limited farm labor, easy credit availability and fund access, moderate penetration and shortening replacement cycle have been encouraging demand for agricultural implements in the country.
  • Under the Central Sector Scheme 'Demonstration of Newly Developed Agricultural Equipment Including Horticultural Equipments at farmer’s fields', newly developed agricultural machinery is procured and their demonstration is carried out at farms, aiding mechanization levels in the country.
  • Government initiatives and subsidies including the National Agriculture Development Program (NADP), Rashtriya Krishi Vikas Yojana  (RKVY), Bringing Green Revolution in Eastern India (BGREI) and other programs have made agricultural implements more affordable to farmers
The development of agricultural mechanization in India has witnessed robust growth over the last six decades. The country has evolved from an economy that faced severe food shortages to an exporter of many food commodities and industrial products including agricultural tractors and implements. The country has achieved this despite a three-fold increase in its population and negligible increase to arable land area. While opportunities in Indian farm machinery are immense, this sector faces challenges on several fronts. Unlike agriculture and allied sectors, the machinery market has a far more complex structural composition. The sector’s performance depends on an interplay of factors including financial aspects (capital/rate of interest), lack of data and small and scattered land holdings. The Government has been encouraging mechanization through different subsidies and policy interventions. The technologies that have evolved in the farm machinery sector in last few years have enormous potential to grow in the future, especially with new initiatives like ‘Make in India’.




Promoting the establishment of organized custom hiring centers with advanced roles, provision of Micro-credit to small and marginal farmers and timely tendering process of farm equipment are some of the key factors that will have a positive impact on the agricultural implements market, according to Analysts at Ken Research.
Ken Research in its latest study, India Agricultural Implements Market Outlook to 2021- Government Subsidies in SMAM and Increasing MSP to Foster Growth suggests that VST Tiller Tractor Pvt. Ltd., Tirth Agro Technology Ltd., Kerala Agro Machinery Corporation Ltd. and Beri Udyog Pvt. Ltd. will continue to dominate this space. However, these major players will witness rising competition from Greaves Cotton Ltd., Honda Siel Power Products, Lemken India, Krishi Yantra Laghu Udyog, Bull Ago and SAECO Agrotech in the coming years.
India Agricultural Implements Market is projected to register a positive CAGR during the period FY’2016-FY’2021. Shift in government focus from food security to farm income security, increased coverage under the Fasal Bima Yojana Scheme (crop insurance) and waiving of farmer loans by state and central governments is expected to drive the sales of agricultural implements in the future.
The report provides information on Agricultural Implements including Rotavators, Cultivators, MB Ploughs, Harrows, Agricultural Sprayers, Seed and Fertilizer Drills, Tiller and other implements.
Topics Covered in the report
  • India Fertilizer Spreader Industry
  • Brush Cutter Players in India
  • India Rotary Hoe Market Competition
  • New Entrants Agricultural Implements Market
  • Imports Agricultural Implements in India
  • Export Agricultural Implements Market
  • Level Mechanization India Agriculture
  • India Brush Cutter Industry Size
  • VST Tiller Market Share India
  • Greaves Cotton Revenue India
  • Business Growth Honda Siel Power
  • Agricultural implements business in India
  • Trend Agricultural Mechanization India
  • Agricultural New Trends and Development India
  • Agricultural Sprayer Suppliers in India
  • India Land Leveler Market
  • India Power Weeder Industry
  • India Cono Weeder Market
Related Reports by Ken Research
Egypt Agricultural Machinery Market Outlook To 2021 - Consolidation Of Small Farm Holdings And Improving Credit Conditions To Foster Future Growth
Global Agricultural Harrowing Machine Industry In-Depth Investigation And Analysis Report 2017
2017 Global Aquaculture Equipments Market Research Report
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-+91 1244230204

India Agricultural Implements Market Outlook to 2021- Ken Research

Ken Research Latest Report on  India Agricultural Implements Market Outlook to 2021 - Government Subsidies under SMAM (Sub-Mission on Agricultural Mechanization) and Increasing MSP (Minimum Support Price) to Foster Growthprovides a comprehensive analysis of the agricultural implements market in India. The report covers aspects such as the market size on the basis of sales volume and revenue for Rotavators, Cultivators, MB Ploughs, Agricultural Sprayers, Seed and Fertilizer Drills, Harrows, Tiller and other agricultural implements. Segmentation under each product category has also been showcased in the report. The report also covers the competitive landscape, warranty policies, customer preferences and annual usage of agricultural equipments in India. In addition to this, the report also covers company profiles and product portfolio of major players, government regulation, subsidies, initiatives and challenges faced in the agricultural implements market. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.




Agricultural Implements Market
The revenue generated from the sale of agricultural implements in the country inclined to INR ~ crore during FY’2016 from INR ~ crore during FY’2011, achieving a CAGR of ~% during the period FY’2011-FY’2016. Government initiatives, subsidies and other training programs have made agricultural implements more affordable to farmers. In addition, the rise in wage rate as a result of labor shortage has incentivized farmers to procure agricultural machinery and implements.
The total sales of agricultural implements in the country were evaluated at ~ units during FY’2016. Rotavators, Cultivators and agricultural Sprayers have accounted for approximately ~% of overall agricultural implement sales during FY’2016. In terms of revenue, rotavators and tillers have contributed approximately ~% to overall agricultural implements market revenue during FY’2016.
Rotavators Market
The revenue generated from the sale of agricultural rotavators in India augmented to INR ~ crore during FY’2016 from INR ~ crore during FY’2011. They have gained popularity in recent years as farmers have become more aware of the advantages of rotavator use over other tillage implements as they can be adjusted to specific soil requirements. The total sales of agricultural rotavators in the country inclined to ~ units during FY’2016 from ~ units during FY’2011. The rotavators market achieved a CAGR of ~% in terms of sales volume during the period FY’2011-FY’2016. However, the rapid price change due to rising production cost and technological improvements caused the rotavator market to register a CAGR of ~% in terms of revenue during the period FY’2011-FY’2016.
Agricultural Sprayer Market
The total sales of agricultural sprayers in India inclined to ~ units during FY’2016 from ~ units during FY’2011. During the same period, revenue generated from the sale of agricultural sprayers augmented to INR ~ crore in FY’2016 from INR crore during FY’2011. The demand for agricultural sprayers is seasonal and fluctuates based on the monsoon. Manual and battery powered sprayers have dominated the overall sales volume of agricultural sprayers during the review period. However, sprayers powered by motors have generated highest revenues for this market due to its high price. The agricultural sprayer market witnessed a CAGR of ~% in terms of sales volume during FY’2011-2016. On the other hand, revenues of the agricultural sprayers market achieved a CAGR of ~% during FY’2011-FY’2016.
Cultivators Market
The revenue generated from the sale of tractor fitted cultivators enhanced from INR ~ crore in FY’2011 to INR ~ crore during FY’2016. The overall sales of agricultural cultivators in India inclined from ~ units during FY’2011 to ~ units during FY’2016. Two major forces that have driven the sales of cultivators are total land under cultivation and overall tractor sales in the country. The revenues of the cultivator market have been dominated by the increasing sales of cultivators equipped with 9 tines. Government initiatives coupled with lower pricing and dual functionality (land preparation and weeding) of this implement have aided the positive growth in sales volume of cultivators during this period. The sales of agricultural cultivators witnessed a CAGR of ~% during the period FY’2011-FY’2016. However, the cultivator market achieved a CAGR of ~% in terms of revenue from FY’2011-FY’2016 due to a ~% incline in price during the same period.
MB Plough Market
The revenue generated from the sale of reversible and non-reversible MB ploughs inclined to INR ~ crore during FY’2016 from INR ~ crore during FY’2011. During the same period, the overall sales of MB ploughs in the country enhanced to ~ units during FY’2016 from ~ units during FY’2011. MB Ploughs are mainly utilized for preparation of new fields as farmers prefer to use disc ploughs on old land. While non-reversible ploughs are cheaper in comparison to reversible ploughs, the latter has witnessed higher sales and driven the MB plough market revenues during this period. The MB plough market witnessed a CAGR of ~% in terms of sales volume during the period FY’2011-FY’2016. However, this market achieved a CAGR of ~% in terms of revenues as the average price of MB ploughs inclined ~% during the period FY’2011-FY’2016.
Seed and Fertilizer Drill Market
The revenue generated from the sale of seed and fertilizer drills in the country inclined to INR ~ crore during FY’2016 from INR ~ crore during FY’2011, achieving a CAGR of ~% during the period FY’2011-FY’2016. Seed and Fertilizer drills are mainly used for wheat, maize and cotton. The increasing mechanization rate for these crops coupled with the need for precision farming has aided the growth in demand for seed and fertilizer drills during the review period. As of 2014, the mechanization rate for sowing/planting of wheat and maize was evaluated at ~%. However, this figure stood at ~% for cotton during the same period. The total sales of seed and fertilizer drills in the country inclined to ~ units during FY’2016 from ~ units during FY’2011, registering a CAGR of ~% during the period FY’2011-FY’2016.
Harrows Market
The revenues generated from the sale of disc and power harrows in the country inclined from INR ~ crore during FY’2011 to INR ~ crore during FY’2016. The sales of disc harrows have dominated this market and have been the primary force driving the revenue of the harrows market in the country. Power harrows are a relatively new implement introduced into the market. The high price and maintenance cost of power harrows has resulted in niche demand for this implement arising from large farmers and agricultural cooperatives. The total sales of disc and power harrows in the country declined to ~ units during FY’2016 from ~ units during FY’2011. The rising cost of production caused manufacturers to increase the price of harrows during the review period. However, the Indian government has been promoting farm mechanization by subsidizing the price of farm machinery and implements as well as supporting bulk buying through front-end agencies. The agricultural harrows market achieved a CAGR of ~% in terms of revenue during the period FY’2011-FY’2016. In terms of sales, the harrows market witnessed decline in CAGR of ~% during the period FY’2011-FY’2016 due to declining sales of disc harrows in the country.
Tiller Market
The revenue generated from the sale of mini and power tillers in India inclined to INR ~ crore during FY’2016 from INR ~ crore during FY’2011. Majority of demand for agricultural tillers had arisen from farmers with small land holdings and individuals engaged in gardening. The rising mechanization for land preparation across the country coupled with increasing farm income had resulted in higher demand for agricultural tillers during the review period. The total sales of mini and power tillers in the country inclined to ~ units during FY’2016 from ~ units during FY’2011.
Snapshot of Other Agricultural Implements Market
The revenue generated from the sale of other agricultural implements in India inclined from INR ~ crore during FY’2011 to INR ~ crore during FY’2016, registering a CAGR of ~% during the same period. Majority of farm equipments in this segment include advance agricultural implements mainly demanded by large agricultural cooperatives, companies and farmers with above average land holding size. Majority of implements including Laser Land Levelers, Planters and Seed Extractors are high priced precision machinery utilized by a niche group of end users that require higher productivity of land and crop output. Within this segment, majority of sales came from implements utilized for seedbed preparation and weeding and plant protection.
Competition Scenario
The tiller market in India is dominated by a few large players that have accounted for ~% of the market in terms of sales volume during FY’2016. Major companies operating in this space include VST Tiller Tractors Ltd., KAMCO, Greaves Cotton Ltd., Honda Siel Power Products Limited and ASPEE Group. VST is one of the largest players in the tiller market with a market share of approximately ~ during FY’2016, registering total sales of ~ tillers during the same year.
The major players operating in the rotavator market include Tirth Agro Technology Pvt. Ltd (Shaktiman), Beri Udyog Pvt. Ltd. (Fieldking), Bull Agro, Shri Sai Agro Equipments,      Krishi Yantra Laghu Udyog (Farmking), VST Tiller Tractor Ltd. and SAECO Agrotech. The top 4 players have accounted for approximately ~ of overall rotavator sales during FY’2016. Tirth Agro Technology Pvt. Ltd had accounted for approximately ~ of overall rotavator sales in the country during FY’2016, registering total sales of ~` rotavators during the same period.
Fieldking has accounted for approximately ~ of overall rotavator sales during FY’2016.
Future Outlook for India Agricultural Implements Market
The revenues generated from the sale of agricultural implements in the country is estimated to incline to INR ~ crore during FY’2021 from INR ~ crore during FY’2016, achieving a CAGR of ~% during the period FY’2016-FY’2021. In order to boost the stagnant agricultural production, the government is expected to shift focus towards farm income security rather than food security. The FY’2017 budget has made an allocation of INR 1,000,000 crore towards agricultural credit. To ensure crop failure does not adversely impact farmers’ income, coverage under the Fasal Bima Yojana Scheme (crop insurance) will be raised to 40% of cropped area during 2017-2018 and 50% during 2018-2019.
Key Topics Covered in the Report:
  • India Agricultural Implements Market Overview
  • Value Chain
  • India Agricultural Implements Market Size by Value, FY’2011-FY’2016
  • Product Portfolio of Major Companies India Agricultural Implements Market
  • Rotavators Market Size By Sales Volume and Value, FY’2011-FY’2016
  • Rotavators Market Segmentation, FY’2016
  • Regional Demand, Customer Preference, Warranty Period and Annual Usage for Rotavators
  • Agricultural Sprayers Market Size By Sales Volume and Value, FY’2011-FY’2016
  • India Agricultural Sprayers Market Segmentation By Manual/Power on the basis of Sales Volume and Value, FY’2016
  • Regional Demand, Customer Preference, Warranty Period and Others for Agricultural Sprayers
  • India Cultivator Market Size by Sales Volume and Value, FY’2011-FY’2016
  • Regional Demand, Customer Preference, Warranty Period and Annual Usage for Agricultural Cultivator
  • Mould Board (MB) Plough Market
  • India MB Plough Market Size by Sales Volume and Value, FY’2011-FY’2016
  • Regional Demand and Customer Preference for MB Plough
  • Seed and Fertilizer Drill Market Size by Sales Volume and Value, FY’2011-FY’2016
  • Seed and Fertilizer Drill Market Segmentation By Number of Rows on the basis of Sales Volume and Value, FY’2016
  • Regional Demand, Customer Preference and Annual Usage for Agricultural Seed and Fertilizer Drills
  • India Harrows Market Size by Sales Volume and Value, FY’2011-FY’2016
  • Regional Demand, Customer Preference and Annual Usage for Agricultural Harrows
  • India Tiller Market Size by Sales Volume and Value, FY’2011-FY’2016
  • Regional Demand, Customer Preference, Warranty Period and Fuel Usage for Tillers
  • Snapshot of Other Agricultural Implements Market in India
  • Competition Landscape of Major Players in India Agricultural Implements Market
  • Company Profile of Major Players in India Agricultural Implements Market
  • Government Regulation, Initiatives and Subsidies and Challenges in India Agricultural Implements Market
  • Challenges in India Agricultural Implements Market
  • Macro-Economic Factors Impacting India Agricultural Implements Market
For more Details Click on link :   https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/india-agricultural-implement-market/106722-104.html
Related Reports by Ken Research
Egypt Agricultural Machinery Market Outlook To 2021 - Consolidation Of Small Farm Holdings And Improving Credit Conditions To Foster Future Growth
Global Agricultural Harrowing Machine Industry In-Depth Investigation And Analysis Report 2017
2017 Global Aquaculture Equipments Market Research Report
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91- 91 1244230204