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Mechanisation Drives the Growth of the Indian Agriculture Equipments

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Published : May 2015

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Report Description and Highlights

Mechanisation Drives the Growth of the Indian Agriculture Equipments Industry

Driven by factors such as increasing labour costs, easy availability of credit, government incentives,emergence of contract farming, rising rural incomes, etc., the Indian agriculture industry is shifting from beinglabour intensive to becoming mechanized. This shift is driving the demand of agriculture equipments in thecountry.

India has witnessed an unprecedented growth in agriculture yields. A new report by IMARC Group titled,Agriculture Industry in India: Market Segments, Key Drivers, Challenges, Market Trends and Regulationsfinds that the agriculture market has grown at a CAGR of 14% in the last eight years. The increase in agricultureproduce has ensued a shift in the agriculture industry from being labour-intensive to becoming mechanised. Thishas contributed to the growth of the agriculture equipments industry in the country.

The report finds that the key factors that contributed to the growth of the agriculture equipment industry areeasy availability of credit, government incentives, increasing agricultural productivity, emergence of contractfarming, increasing rural incomes, etc. According to an analyst at IMARC Group The significance of ensuringtimeliness of agriculture operations has necessitated the need to mechanise agriculture or use equipments.Mechanisation also enables optimum utilisation of inputs such as seeds, water, fertilizers, etc. Even farmers withsmall land holdings have developed the practice of utilising selected farm equipments, mainly through customhiring.

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4Indian Agriculture Equipments

Report Description and Highlights

According to the report, the agriculture equipment industry encompasses a wide range of equipments thatincludes - tractors, harvesting and threshing equipment, plant protection machines, irrigation and drainagepumps, sprinkler systems, land development machinery, agro-processing equipment, etc. Of these, tractorsrepresent the biggest market segment accounting for 38% of the entire market. The report also finds that,although there is an increasing penetration of agriculture equipment in India, there are wide disparities inmechanisation across the country which leaves a lot of room for future growth.

Apart from the agriculture equipments industry, this report also gives an insight into the market trends,market segments, drivers and challenges, opportunities, various sub-sectors, regulations and the marketingrequirements of various other agriculture segments such as farming, fertilizers, pesticides, floriculture,apiculture, sericulture, seeds, animal husbandry, etc. The report, which is based on both desk basedresearch and multiple waves of qualitative primary research is a must read for anyone who plans to ventureinto the agriculture industry.

To know more on Indian Agriculture Equipments Industry visit: http://www.imarcgroup.com/indian-agriculture-euipments-industry

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6Indian Agriculture Industry

Report Description and Highlights

To buy the complete report or to get a free sample, please contact:

IMARC Group Asia:

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To know more please visit: http://www.imarcgroup.com/agriculture-industry-in-india

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Browse Related Reports:

Browse Related Reports :

Indian Agricultural Equipments Market Report & Forecast: 2012-2017 - http://www.imarcgroup.com/farm-agricultural-equipments-industry-india

Biofertilizer (Azotobacter and Rhizobium) Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue -http://www.imarcgroup.com/biofertilizer-azotobacter-and-rhizobium-manufacturing-plant

Indian Floriculture Market Report & Forecast: 2012-2017 - http://www.imarcgroup.com/flower-floriculture-industry-india

Indian Agrochemicals Market Report & Forecast: 2012-2017 - http://www.imarcgroup.com/fertilizer-pesticide-agrochemical-industry-india

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