Indian Agricultural Implements Market: Trends, Share, Size, Growth, Opportunities and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2018--The “Indian Agricultural Implements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian agricultural implements market was worth US$ 8.5 Billion in 2017. The market value is further projected to reach US$ 12.8 Billion by 2023, exhibiting a CAGR of 7.03% during 2018-2023.
In India, the growing incomes of the farmers have boosted the demand for farm implements. In addition, acute shortage of skilled labor for agricultural activities has further led to the growing demand for agricultural equipment. Moreover, the attractive subsidies provided by the Central and State governments have also encouraged farmers to purchase modern agricultural implements.
Breakup by Product Type
The agricultural implements market in India has been categorized on the basis of product type including tractors, rotavators, threshers and power tillers. Amongst these, tractors dominate this market.
Breakup by Type
On the basis of type, the market has been segmented into manual and mechanized agricultural implements. Currently, manual implements represent the largest segment, holding the majority of the market share.
Breakup by Distribution Channel
Based on distribution channels, the market has been divided into B2B and B2C, wherein the B2C channels account for the largest share.
On a regional basis, the Indian agricultural implements market has been segregated into North India, South India, West and Central India, and East India. Presently, North India is the leading region with the highest level of mechanization.
Leading PlayersMahindra & Mahindra Tractors and Farm Equipment Limited International Tractors Limited Escorts Limited John Dee
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Agricultural Implements Market
6 Indian Agricultural Implements Market
7 Market Breakup by Region
8 Market Breakup by Product Type
9 Market Breakup by Type
10 Market Breakup by Distribution Channel
11 Multi Crop Thresher Manufacturing Process
12 Competitive Landscape
13 Company ProfilesMahindra & Mahindra Tractors and Farm Equipment Limited International Tractors Limited Escorts Limited John Dee
For more information about this report visit https://www.researchandmarkets.com/research/ww6qzl/indian?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005325/en/
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KEYWORD: INDIA ASIA PACIFIC
INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/20/2018 06:46 AM/DISC: 12/20/2018 06:48 AM