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 Growth” provides 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
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