The global farm mechanization market is largely dependent on agricultural land and farm output. Global agricultural production affects the market substantially as it grows in tandem with the demand for food. However, in various phases, the global agricultural production has slowed down in recent years as the demand for agricultural products has decreased. Recent environmental changes are also significantly affecting global agricultural production
Technavio’s analysts forecast the farm mechanization market in India to grow at a CAGR of 7.53% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the farm mechanization market in India for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of tractors, harvesters, power tillers, rice transplanters, and laser land levelers.
The market is divided into the following segments based on product: - Harvester - Laser land leveller - Power tiller - Rice transplanter - Tractor
Technavio's report, Farm Mechanization Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Key vendors - John Deere - Mahindra - TAFE - International Tractors
Other prominent vendors - AGCO - Beri Udyog - CLAAS - CNH Industrial - Daedong Industrial - Escorts Group - Fotol Lovol - Kubota Tractors - KUHN Group - LEMKEN India - McCormick - Pöttinger - SDF Group
Market driver - Growing demand-supply gap in agricultural sector - For a full, detailed list, view our report
Market challenge - Uncertainties in global market and weather conditions - For a full, detailed list, view our report
Market trend - Growing adoption of tractors using alternative fuels - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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