Indian Agricultural EquipmentMarket Segment Analysis
Published: August 2012
No. of Pages:
Price: Single User: US $ 850 Corporate User: US $ 1700
In India, farm mechanization has played a critical role in improving agricultural production as well asproductivity by enabling proper and efficient use of inputs. Demand for farm equipments such as power tillers, tractors, combine harvesters, rice transplanters etc has been rising over the past few years, withthe increase in income level of farmers. Additionally, acute shortage of labor resources and continuedsubsidy scheme by government to encourage farmers to buy farm equipments has further increased thefarm equipments demand. As compared to other Asian countries such as China, Thailand, Korea; use of power in agriculture in Indiais still underpenetrated. Presently, India is the largest manufacturer of tractors in the world, accounting for about one-third of the global production. Power tillers are becoming popular in lowland flooded rice fieldsand hilly terrains. Northern States such as Punjab, Haryana, and Uttar Pradesh achieved a faster growthin mechanization due to growing awareness among farmers. Pace of mechanization in North-EasternStates is slow due to constraints such as hilly topography, socio-economic conditions and high cost of transport. With continued shrinkage in average farm size, custom hiring of farm machinery is beingincreasingly practiced.Mahindra & Mahindra is the market leader in Indian tractor market whereas VST Tillers Tractor Ltd is theleader in power tiller market. Other major farm equipments manufacturers include Escorts Group, TAFE,John Deere, Greaves Cotton and KAMCO. The rapid use of mechanisation by Indian farmers hasprompted many Chinese and Japanese farm equipment makers to enter the Indian market. Thesecompanies generally form joint ventures with Indian firms and manufacture equipments at a lesser price.
The current report titled “Indian Farm Equipment Market: Segment Analysis” analyzes the major farm
equipments of the Indian market including power tillers, tractors, combine harvesters, rice transplanters,threshers, power sprayers and land levelers. The report presents the overview, market size andsegmentation of farm equipments market in India. It also assesses in details the product prices of variousfarm machineries, government subsidies and standard certification systems. Also, the major manufacturers of farm equipments are profiled in the report. Data on import and export of farm machineryby country and by product category has also been analyzed.
Table of Contents
1. Introduction: Farm Equipment Market
2. Global Farm Equipments Market