Market Research Report India Land Leveler Market,India Power Weeder Indus | Page 30

May 2017
India Agricultural Implements Market Outlook to 2021
cultivators during this period. The sales of agricultural
cultivators witnessed a CAGR of ~% during the period
FY’2011-FY’2016. However, the cultivator market achieved a
CAGR of ~% in terms of revenue from FY’2011-FY’2016 due to
a ~% incline in price during the same period.
MB Plough Market
The revenue generated from the sale of reversible and non-
reversible MB ploughs inclined to INR ~ crore during FY’2016
from INR ~ crore during FY’2011. During the same period, the
overall sales of MB ploughs in the country enhanced to ~ units
during FY’2016 from ~ units during FY’2011. MB Ploughs are
mainly utilized for preparation of new fields as farmers prefer
to use disc ploughs on old land. While non-reversible ploughs
are cheaper in comparison to reversible ploughs, the latter has
witnessed higher sales and driven the MB plough market
revenues during this period. The MB plough market witnessed
a CAGR of ~% in terms of sales volume during the period
FY’2011-FY’2016. However, this market achieved a CAGR of
~% in terms of revenues as the average price of MB ploughs
inclined ~% during the period FY’2011-FY’2016 .
Seed and Fertilizer Drill Market
The revenue generated from the sale of seed and fertilizer drills
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. Seed and Fertilizer drills are mainly
used for wheat, maize and cotton. The increasing
mechanization rate for these crops coupled with the need for
precision farming has aided the growth in demand for seed
and fertilizer drills during the review period. As of 2014, the
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