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India Agricultural Equipment Market

Friday, February 1, 2013 22:34

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Find in-depth corporate analysis and insights into companies such as RJ Reynolds, British American Tobacco, Gallaher Group, Terra Industries and more. Specific features in the reports include market share, segmentation, size, projections, competitive analysis etc.

The report titled ‘India Agricultural Equipment Market Outlook to 2017 – High Labor Scarcity and Government Subsidies Driving Agricultural Mechanization’ provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the tractors, power tillers, threshers, rotavators and combines harvesters as key segments of the market. The report provides the market share and company profiles of major players in major segments. The report also covers the emerging segment of rice transplanters and its growth driving factors in the Indian market.

The Indian agricultural equipment market is experiencing a rapid growth with expected strong potential for future growth as well. In the year 2011, the demand for agricultural machinery in Asia-Pacific region was more than twice than in any other region. In Asia-Pacific, India has remained one of the primary nations which fuelled the growth of the agricultural equipment market. The tractors, power tillers, combine harvesters and rice trans-planters are some of the equipments for which a surge in demand has been witnessed over the past few years.

The tractors account for the largest share in the agricultural equipment market of India representing around ~% of the total market. These are followed by threshers which account for ~% of the market. The power tillers are the third largest segment and hold ~% of the Indian agriculture equipment market.

The tractors market in India is estimated at ~ units annually by sales, which has grown with a CAGR of 11.8% during FY’2006-FY’2012 from ~ units in FY’2006. The Indian tractor market has traditionally been dominated by medium HP tractor segment which includes 31-40 HP tractors. However, a higher growth has been observed in the upper and lower HP segments over the years while the rate of growth in medium HP segment is almost moderate.

The current market for power tillers in India is estimated at ~ units annually by sales. The market for power tillers in India is mainly concentrated in the eastern and southern parts of the country owing to the small land holdings per farmer in these regions and high cultivation of paddy crops. The power tillers market in India is dominated by two players from south India- VST Tillers and Kerala Agro Machinery Corporation Ltd, KAMCO who have the market shares of ~% and ~% respectively.

The combine harvesters market in India is estimated at ~ units annually by sales which have grown by a CAGR of 28.9% since FY’2006 from ~ units annually. The tractor mounted combine harvesters occupy around ~% of the total combine harvesters market in India. This is followed by self-propelled combine harvesters which represent 33.0% of the market. Manufacturers such as Preet Agro Industries Pvt Ltd, Balkar Combines, Vishal Combines, Standard Combines, Kartar Agro Industries Pvt Ltd, Hira Agro Industries and others are some of the manufacturers based in Punjab that have a strong presence in the combine harvester market in India.
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