Agricultural machinery is used in various agricultural activities such as sowing, reaping, and application of fertilizers. Some of the key agricultural machinery includes tractor, power tiller, rotavator, and thresher.
Agriculture plays a major role in India’s GDP as well as a source of employment. In the country, over 70% people depends on agriculture as the major source of income. According to the Central Statistics Office, National Statistical Organization, India, the agriculture and allied sector contributed 13.90% to GDP during 2013-2014 (at 2004-2005 constant prices).
The agricultural machinery market in India to grow at a CAGR of 7.93% over the period 2014-2019. This report covers the present scenario and the growth prospects of the agricultural machinery market in India during the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following products:
– Power tiller
Technavio’s report, Agricultural Machinery Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the agricultural machinery market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.