Agricultural Machinery Market Analysis in India: AGCO Corp., Amalgamations Group, and CLAAS Group are Among the Major Vendors

The agricultural machinery market share in India is expected to grow by USD 1.87 billion, decelerating at a CAGR of 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report

Agricultural Machinery Market In India: Market Segments and Key Trends

The agricultural machinery market is segmented by product (tractors, harvesting machinery, haying machinery, planting and fertilizing machinery, and others). The adoption of contract farming is one of the major agricultural machinery market trends that will positively influence market growth. The agricultural machinery market size in India by the tractors segment will be significant during the forecast period. 

The agricultural machinery market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Agricultural Machinery Market In India: Leading Factors to Drive Market Growth

The government initiatives to support sustainable agricultural practices are the primary factors driving the growth of the agricultural machinery market in India. However, the declining availability of arable land is one of the challenges that will need to be overcome to drive growth.

The report provides a detailed study of all the factors likely to boost the market. An understanding of the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Agricultural Machinery Market In India: Vendor Analysis

The market is fragmented due to the presence of several players. AGCO Corp., Amalgamations Group, CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., and Mahindra & Mahindra Ltd. are some of the major agricultural machinery market vendors in India.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities Download the Free PDF Sample Report

Agricultural Machinery Market In India: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive the agricultural machinery market growth in India  during the next five years
• Precise estimation of the agricultural machinery market size in India and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the agricultural machinery market in India industry across Afghanistan, Algeria, Andorra, Bangladesh, Azerbaijan, and Barbados
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the agricultural machinery market vendors in India

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerating at a CAGR of 6%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.87 billion.
    
3. What is a key factor driving this market?
   Government initiatives to support sustainable agricultural practices will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are AGCO Corp., Amalgamations Group, CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., and Mahindra & Mahindra Ltd.
    
5. What are the market segments covered in this report?
   The market is segmented by Product (Tractors, Harvesting machinery, Haying machinery, Planting and fertilizing machinery, and Others).