Dec 11, 2019   SOURCE: BusinessWire

India Agriculture Equipment Markets, 2015-2018 & 2019-2025 by Products, Harvesters, Threshers, Pumps, Power Tillers, Rotavators, & Competitive Landscape - ResearchAndMarkets.com

The "India Agriculture Equipment Market (2019-2025): Market Forecast By Products, Harvesters, Threshers, Pumps, Power Tillers, Rotavators, And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

India Agriculture Equipment Market size is projected to grow at a CAGR of 9.9% during 2019-25

India is the second largest market of agriculture equipment in the APAC region. Easy financing options, government support in form of subsidies given under the Sub-Mission on Agriculture Mechanization Scheme, growing population and rising demand for food items have played well to give a boost to the India agriculture equipment market.

The year 2017 was recognised by the industry experts as an abnormal period due to the double-digit growth in agriculture equipment market on account of favourable weather conditions for agriculture in that period. However, the same trend is not expected to sustain over the coming years. The market growth returned to normal in 2018 and the market is anticipated to witness a declining pace till 2021 on account of lesser rains and shrinking farmers' income.

The market is expected to grow at a slower pace till 2022, however, the market would witness a good growth on account of the government initiatives which aims to double the farmers income in the country till 2025.

Amongst all the products, tractors acquired the highest volume share in the overall India agriculture equipment market in 2018 and would continue to maintain its dominance during the forecast period as well. Moreover, 30.1-70 HP tractors acquired a major share in the overall market of tractors, harvesters, rotavators and threshers in India. For pumps and power tillers, up to 30 HP has been a major contributor to the overall volume in 2018.

The India agriculture equipment market report thoroughly covers the market by product types and by HP range. India agriculture equipment market outlook report provides an unbiased and detailed analysis of the on-going India agriculture equipment market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

India Agriculture Equipment Market Report Covered:

By Products:

Tractors

  • Up to 30 HP
  • 30.1 HP- 70 HP
  • 70.1 HP- 130 HP
  • 130.1 HP- 200 HP

Harvesters

  • Up to 30 HP
  • 30.1 HP- 70 HP
  • 70.1 HP- 130 HP
  • 130.1 HP- 200 HP

Threshers

  • Up to 30 HP
  • 30.1 HP- 70 HP
  • 70.1 HP- 130 HP

Pumps

  • Up to 30 HP
  • 30.1 HP- 70 HP
  • 70.1 HP- 130 HP
  • 130.1 HP- 200 HP
  • Above 200 HP

Power Tillers

  • Up to 30 HP
  • 30.1 HP- 70 HP

Rotavators

  • Up to 30 HP
  • 30.1 HP- 70 HP
  • 70.1 HP- 130 HP

Other Agriculture Equipment

For more information about this report visit https://www.researchandmarkets.com/r/v69lb7