The industry research publication on 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 (<30 HP, 31-40 HP, 41-50 HP,
>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.
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| Indian agricultural equipment market |
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. The market has grown at a CAGR of 9.2% from ~units in
FY’2008. Furthermore, the revenue generated by the industry in FY’2013 was estimated
at USD ~ million, registering a CAGR of 12.9% during FY’2008-FY’2013. The
Indian agricultural equipment market includes a gamut of agricultural
equipments that are manufactured and deployed in different activities across
the value chain of the agriculture industry. These include Tractors, Rotavators,
Threshers, Power Tillers, Rice Transplanters, Self-propelled and
Tractor-mounted Harvesters. Tractors accounted for the largest share in the
agricultural equipment market of India representing around 66.1% of the total number
of agricultural equipments sold in India in FY’2013, with a sales volume of ~
units during the year.
The
use of rice transplanters enables the farmers to save around 20 man days per
hectare resulting in huge saving in cost on labor and time. The rice
transplanters also help in more organized transplantation of rice seedlings
with uniform spacing and optimum plant density which is approximately 30-35
hills per square meter with 2-3 seedlings per hill. In FY’2013, VST Tillers and
Tractors emerged as the major company in the rice transplanters market in India.
The
Indian agricultural equipment market is expected to attain a high growth
trajectory in future years on the back of several industry factors and
macroeconomic trends. The scarcity of labor for agricultural activities is
expected to grow manifold in future years. Additionally, the current levels of
food prices are expected to increase in future owing to the growing demand and
increasing consumption. The demand-supply gap for the crops is widening as the
agricultural land is shrinking and the demand for food is growing with the
population. The high level of food prices would mean higher income for farmers.
This will result in higher spending by farmers especially on the ways to enhance
their agricultural output and productivity. Therefore, the demand for
agricultural equipments among farmers is likely to increase significantly in
next five years.
Key Topics Covered in
the Report:
·
India agricultural equipment market size in
terms of sales value and volume
·
Market segmentation of agricultural equipment
market in India
·
Market analysis of tractors, rotavators, combine
harvesters, power tillers, rice transplanters and threshers
·
Export - Import scenario of the agricultural
equipment market in India
·
Government regulations and support schemes
·
India agricultural equipment industry trends and
issues
·
Pricing scenario of agricultural equipment in
India
·
Market share of major companies operating across
different agricultural equipments
·
Company profiles of major companies operating in
the agricultural equipment industry in India
·
Macro economic factors in the agricultural
equipment market in India
Contact:
Ankur Gupta, Head Marketing & Communications
Ken Research
Ankur@kenresearch.com
+91-9015378249
Ankur Gupta, Head Marketing & Communications
Ken Research
Ankur@kenresearch.com
+91-9015378249
