Market Research Report India Land Leveler Market,India Power Weeder Indus | Page 28

May 2017
India Agricultural Implements Market Outlook to 2021
The revenue generated from the sale of agricultural
implements in the country inclined to INR ~ crore during
FY’2016 from INR ~ crore during FY’2011, achieving a CAGR
of ~% during the period FY’2011-FY’2016. Government
initiatives, subsidies and other training programs have made
agricultural implements more affordable to farmers. In
addition, the rise in wage rate as a result of labor shortage has
incentivized farmers to procure agricultural machinery and
implements.
The total sales of agricultural implements in the country were
evaluated at ~ units during FY’2016. Rotavators, Cultivators
and agricultural Sprayers have accounted for approximately
~% of overall agricultural implement sales during FY’2016. In
terms of revenue, rotavators and tillers have contributed
approximately ~% to overall agricultural implements market
revenue during FY’2016.
Rotavators Market
The revenue generated from the sale of agricultural rotavators
in India augmented to INR ~ crore during FY’2016 from INR ~
crore during FY’2011. They have gained popularity in recent
years as farmers have become more aware of the advantages of
rotavator use over other tillage implements as they can be
adjusted to specific soil requirements. The total sales of
agricultural rotavators in the country inclined to ~ units during
FY’2016 from ~ units during FY’2011. The rotavators market
achieved a CAGR of ~% in terms of sales volume during the
period FY’2011-FY’2016. However, the rapid price change due
to rising production cost and technological improvements
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