Tractors Dominate the Indian Agri-Equipments Market

IMARC Group, one of the world’s leading research and advisory firms, finds in its new report “Indian Agriculture Market Report & Forecasts 2012-2017” that the industry for agricultural equipments in India is currently witnessing robust growth. Findings from the report suggest that during 2005-06 – 2011-12, this market exhibited a CAGR of 13.2%.

According to the report, there is a sustained increasing amount of the adoption of mechanization in trying to ensure much better return on investment and sustainability of agriculture. The report suggests that the Indian farmer has continuously moved on from using animate sources to mechanical sources to power farming activities inside the country. In 1971-72, drought animals and agricultural workers were used as sources to power 61% for this total agricultural outdoor activities. By 2011-12, however, this share declined to 11%. Findings also suggest that during 1971-72 – 2011-12, tractors have represented the most popular mechanical source of carrying out agricultural activities. Tractors currently have numerous applications in farming practices covering anything from land development, ploughing, tilling, disking, harrowing, planting and various post harvest applications. Estimates from the report suggest that tractors currently accounts for 38% of all of the Indian agricultural equipments market.

The report finds that both Indian as well as multinational companies have now a good presence in the Indian agricultural equipments niche market. Melbourne Escorts include Mahindra & Mahindra, Tractors and Farm Equipment Limited, Punjab Agro Sales, Escorts Agri Machinery Group, HMT Limited etc. Apart from the Indian players, a regarding multinational farm equipment manufacturers such as John Deere, New Holland, etc. likewise operating in the state.

IMARC’s new report entitled “Indian Agriculture Market Report & Forecast: 2012-2017” gives an analytical and statistical clues about the agriculture industry in its various segments and sub-segments. The study that been recently undertaken using both desk-based and qualitative primary researchers have analyzed various aspects and a comprehensive understanding of the Indian agriculture market. The report functions as an excellent guide for investors, researchers, consultants, marketing strategists, all the things those who are looking to foray in the Indian agriculture market in some form and even other.

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

IMARC Group – Asia

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IMARC Group – Europe, Middle East & Africa

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IMARC Group – Europe, Middle East & Africa

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For More details please Visit: http://www.imarcgroup.com/indian-agriculture-market-report-forecast-2012-2017-3/

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