Agricultural Machinery Market 2017 Global Key Trends, Demand, Growth, Size, Review, Forecast to 2022
ReportsWeb.com has announced the addition of the “Agricultural Machinery Market in India 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
(EMAILWIRE.COM, November 02, 2017 ) Agriculture is an important sector of the Indian economy, with over 70% of the country's population depending on it as their major source of income. India holds the second position in the world in agricultural production. Currently, India is the largest producer of spices, pulses, milk, tea, cashew and jute, and the second largest producer of wheat, rice, fruits and vegetables, sugarcane, cotton, and oilseeds. In terms of agricultural contribution, some of the most developed states in India are Punjab, Uttar Pradesh, Madhya Pradesh, Haryana, Bihar, Andhra Pradesh, Maharashtra, West Bengal, and Gujarat.
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Key growth factors
Government initiatives such as Kisan Credit Card, National Mission on Agricultural Mechanization (NMAM), and Tractor Subsidy Scheme have contributed to the growth of the machinery market. Easy availability and access to low cost credit is another reason for growth in the market. This helps farmers invest in assets, obtain greater yield and income.
Strong governmental regulations on the availability of finance for agricultural mechanization tools, rural development, and high irrigation potential will drive the agricultural farm machinery industry in India.
Complete report is available at http://www.reportsweb.com/agricultural-machinery-market-in-india-2017
Threats and key players
High cost of agricultural machines is one of the major challenges hampering the growth of agricultural machinery market in India. Agricultural machines are capital-intensive. As a result, it is a major investment for small and marginal farmers.
The overall land holding in India is fragmented, which is another threat to the market. Fragmentation of land leads to lower productivity levels, as farmers cannot make effective use of machinery on small farms.
Market Influencers
1. Application of Agricultural Machinery in FMCG Industry
2. Application of Plastic Packaging in Pharmaceutical Industry
3. Changing Consumption Pattern
Competitive Landscape
1. List of Major Players
Buy Now@ http://www.reportsweb.com/buy&RW00011190727/buy/1995
Request a Sample copy at http://www.reportsweb.com/inquiry&RW00011190727/sample
Key growth factors
Government initiatives such as Kisan Credit Card, National Mission on Agricultural Mechanization (NMAM), and Tractor Subsidy Scheme have contributed to the growth of the machinery market. Easy availability and access to low cost credit is another reason for growth in the market. This helps farmers invest in assets, obtain greater yield and income.
Strong governmental regulations on the availability of finance for agricultural mechanization tools, rural development, and high irrigation potential will drive the agricultural farm machinery industry in India.
Complete report is available at http://www.reportsweb.com/agricultural-machinery-market-in-india-2017
Threats and key players
High cost of agricultural machines is one of the major challenges hampering the growth of agricultural machinery market in India. Agricultural machines are capital-intensive. As a result, it is a major investment for small and marginal farmers.
The overall land holding in India is fragmented, which is another threat to the market. Fragmentation of land leads to lower productivity levels, as farmers cannot make effective use of machinery on small farms.
Market Influencers
1. Application of Agricultural Machinery in FMCG Industry
2. Application of Plastic Packaging in Pharmaceutical Industry
3. Changing Consumption Pattern
Competitive Landscape
1. List of Major Players
Buy Now@ http://www.reportsweb.com/buy&RW00011190727/buy/1995
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results