LONDON–(BUSINESS WIRE)–#AgriculturalMachineryMarketinIndia–Technavio has been monitoring the agricultural machinery market in India and it is poised to grow by USD 3.73 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Agricultural Machinery Market in India Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AGCO Corp., Amalgamations Group Co., 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 market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Adoption of contract farming has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/agricultural-machinery-market-in-India-industry-analysis
Agricultural Machinery Market in India 2020-2024: Segmentation
Agricultural Machinery Market in India is segmented as below:
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Agricultural Machinery Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our agricultural machinery market in India report covers the following areas:
This study identifies government initiatives to support sustainable agricultural practices as one of the prime reasons driving the agricultural machinery market growth in India during the next few years.
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Agricultural Machinery Market in India 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendor Analysis
Appendix
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