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Agricultural Mechanization in South Asian Region _2020

Agricultural Mechanization in South Asian Region _2020

  • December 2015
  • 54 pages
  • ID: 3643608

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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 South Asian countries of India, Pakistan, Sri Lanka and Bangladesh. And also for foreign and multinational companies who are planning to enter or have entered South East Asian countries.

The genesis of this report is lack of any credible report and data points for complete agri -mechanization space in South Asian countries. Further, report lays more emphasis on non- tractor equipment space which makes this report very unique indeed.

Key findings of the report:

Agricultural Mechanization industry in South Asian countries of India, Pakistan, Sri Lanka and Bangladesh 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. Shrinking farm holdings also demands the need for mechanization so that the agricultural yield can be maximized with optimal efforts through mechanization.

Agricultural equipment sector in South Asian 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. Current market size of agricultural equipment sector in south Asian countries is XXX thousand units by volume in 2015 and it is expected to grow to XXX thousand units by 2020 at a CAGR of XX%. India is the biggest market in this region. Its market size in 2015 was XXX thousand units and is expected to grow to XXX thousand units in 2020 at CAGR of XX%. India’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.

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