Table of Contents
Agricultural mechanization is one such field wherein we have consulted companies and also done extensive research. Further for this report besides relying on in-house existing data and facts, GrowthPraxis conducted an extensive research by conducting interviews with several industry experts, companies in different regions along with an extensive review of literature, statistics and reports published by relevant organizations concerned with the Agri-mechanization. The report will act as a guide for all manufacturers, suppliers, dealers in Agri-mechanization space in CIS countries of Russia and Ukraine. And also for foreign and multinational companies who are planning to enter or have entered CIS country.Key Findings of the report
Agricultural Mechanization industry in CIS countries of Russia and Ukraine is expected to grow at a rapid pace owing to the government efforts to bridge the supply and demand gap of agriculture through R & D and technology efforts. Agricultural equipment sector in CIS countries has been witnessing robust demand and stands to gain maximum due to the need to use technologically advanced equipment in the farms in the future. Market size of agricultural equipment sector in Russia and Ukraine is XXX thousands units by volume in 2015 and it is expected to grow toXXX thousands units by 2020 at a CAGR of XX %. Russia is the fastest growing country in this region followed by Ukraine.
Russia is a bigger market in this region. Its market size in 2015 was XXX thousands units and is expected to grow to XXX thousands units in 2020 at CAGR of XX%. Russia’s estimated market share of total agricultural machinery of all the countries in this region is XX% in 2020 as compared to XX % in 2015.
Key growth drivers for agricultural equipment industry in CIS countries are
Aging population of machinery
Substandard domestic infrastructure
Increase in Investment for R & D
Rising farming income (High Support prices)
Acute and increasing labour shortages
Improved availability of credit to the farmers.
Government subsidies on farming equipment
Rising customer awareness
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