operating in this space include VST Tiller Tractors Ltd., KAMCO, Greaves Cotton Ltd., Honda Siel Power Products Limited and ASPEE Group. VST is one of the largest players in the tiller market with a market share of approximately ~ during FY’ 2016, registering total sales of ~ tillers during the same year. The major players operating in the rotavator market include Tirth Agro Technology Pvt. Ltd( Shaktiman), Beri Udyog Pvt. Ltd.( Fieldking), Bull Agro, Shri Sai Agro Equipments, Krishi Yantra Laghu Udyog( Farmking), VST Tiller Tractor Ltd. and SAECO Agrotech. The top 4 players have accounted for approximately ~ of overall rotavator sales during FY’ 2016. Tirth Agro Technology Pvt. Ltd had accounted for approximately ~ of overall rotavator sales in the country during FY’ 2016, registering total sales of ~ ` rotavators during the same period. Fieldking has accounted for approximately ~ of overall rotavator sales during FY’ 2016.
The revenues generated from the sale of agricultural implements in the country is estimated to incline to INR ~ crore during FY’ 2021 from INR ~ crore during FY’ 2016, achieving a CAGR of ~% during the period FY’ 2016-FY’ 2021. In order to boost the stagnant agricultural production, the government is expected to
May 2017 India Agricultural Implements Market Outlook to 2021
operating in this space include VST Tiller Tractors Ltd., KAMCO, Greaves Cotton Ltd., Honda Siel Power Products Limited and ASPEE Group. VST is one of the largest players in the tiller market with a market share of approximately ~ during FY’ 2016, registering total sales of ~ tillers during the same year. The major players operating in the rotavator market include Tirth Agro Technology Pvt. Ltd( Shaktiman), Beri Udyog Pvt. Ltd.( Fieldking), Bull Agro, Shri Sai Agro Equipments, Krishi Yantra Laghu Udyog( Farmking), VST Tiller Tractor Ltd. and SAECO Agrotech. The top 4 players have accounted for approximately ~ of overall rotavator sales during FY’ 2016. Tirth Agro Technology Pvt. Ltd had accounted for approximately ~ of overall rotavator sales in the country during FY’ 2016, registering total sales of ~ ` rotavators during the same period. Fieldking has accounted for approximately ~ of overall rotavator sales during FY’ 2016.
Future Outlook for India Agricultural Implements Market
The revenues generated from the sale of agricultural implements in the country is estimated to incline to INR ~ crore during FY’ 2021 from INR ~ crore during FY’ 2016, achieving a CAGR of ~% during the period FY’ 2016-FY’ 2021. In order to boost the stagnant agricultural production, the government is expected to
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