India Agricultural Implements Market Outlook to 2021
Government Subsidies under SMAM (Sub-Mission on Agricultural Mechanization) and Increasing MSP (Minimum Support Price) to Foster Growth
Region:Asia
Product Code:KR481
May 2017
194
About the Report
The report titled "India Agricultural Implements Market Outlook to 2021 - Government Subsidies under SMAM (Sub-Mission on Agricultural Mechanization) and Increasing MSP (Minimum Support Price) to Foster Growth" provides a comprehensive analysis of the agricultural implements market in India. The report covers aspects such as the market size on the basis of sales volume and revenue for Rotavators, Cultivators, MB Ploughs, Agricultural Sprayers, Seed and Fertilizer Drills, Harrows, Tiller and other agricultural implements. Segmentation under each product category has also been showcased in the report. The report also covers the competitive landscape, warranty policies, customer preferences and annual usage of agricultural equipment in . In addition to this, the report also covers company profiles and product portfolio of major players, government regulation, subsidies, initiatives and challenges faced in the agricultural implements market. This report will help industry consultants, agricultural machinery manufacturers and dealers, retail chains, potential entrants and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Agricultural Implements 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 caused the rotavator market to register a CAGR of ~% in terms of revenue during the period FY'2011-FY'2016.
The total sales of agricultural sprayers in India inclined to ~ units during FY'2016 from ~ units during FY'2011. During the same period, revenue generated from the sale of agricultural sprayers augmented to INR ~ crore in FY'2016 from INR crores during FY'2011. The demand for agricultural sprayers is seasonal and fluctuates based on the monsoon. Manual and battery-powered sprayers have dominated the overall sales volume of agricultural sprayers during the review period. However, sprayers powered by motors have generated the highest revenues for this market due to its high price. The agricultural sprayer market witnessed a CAGR of ~% in terms of sales volume during FY'2011-2016. On the other hand, revenues of the agricultural sprayers market achieved a CAGR of ~% during FY'2011-FY'2016.
The revenue generated from the sale of a tractor fitted cultivators enhanced from INR ~ crore in FY'2011 to INR ~ crore during FY'2016. The overall sales of agricultural cultivators in India inclined from ~ units during FY'2011 to ~ units during FY'2016. Two major forces that have driven the sales of cultivators are total land under cultivation and overall tractor sales in the country. The revenues of the cultivator market have been dominated by the increasing sales of cultivators equipped with 9 tines. Government initiatives coupled with lower pricing and dual functionality (land preparation and weeding) of this implement have aided the positive growth in sales volume of 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.
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 the 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.
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 mechanization rate for sowing/planting of wheat and maize was evaluated at ~%. However, this figure stood at ~% for cotton during the same period. The total sales of seed and fertilizer drills in the country inclined to ~ units during FY'2016 from ~ units during FY'2011, registering a CAGR of ~% during the period FY'2011-FY'2016.
The revenues generated from the sale of disc and power harrows in the country inclined from INR ~ crore during FY'2011 to INR ~ crore during FY'2016. The sales of disc harrows have dominated this market and have been the primary force driving the revenue of the harrows market in the country. Power harrows are a relatively new implement introduced into the market. The high price and maintenance cost of power harrows has resulted in niche demand for this implement arising from large farmers and agricultural cooperatives. The total sales of disc and power harrows in the country declined to ~ units during FY'2016 from ~ units during FY'2011. The rising cost of production caused manufacturers to increase the price of harrows during the review period. However, the Indian government has been promoting farm mechanization by subsidizing the price of farm machinery and implements as well as supporting bulk buying through front-end agencies. The agricultural harrows market achieved a CAGR of ~% in terms of revenue during the period FY'2011-FY'2016. In terms of sales, the harrows market witnessed decline in CAGR of ~% during the period FY'2011-FY'2016 due to declining sales of disc harrows in the country.
The revenue generated from the sale of mini and power tillers in India inclined to INR ~ crore during FY'2016 from INR ~ crore during FY'2011. Majority of demand for agricultural tillers had arisen from farmers with small land holdings and individuals engaged in gardening. The rising mechanization for land preparation across the country coupled with increasing farm income had resulted in higher demand for agricultural tillers during the review period. The total sales of mini and power tillers in the country inclined to ~ units during FY'2016 from ~ units during FY'2011.
The revenue generated from the sale of other agricultural implements in India inclined from INR ~ crore during FY'2011 to INR ~ crore during FY'2016, registering a CAGR of ~% during the same period. Majority of farm equipments in this segment include advance mainly demanded by large agricultural cooperatives, companies and farmers with above average land holding size. Majority of implements including Laser Land Levelers, Planters and Seed Extractors are high priced precision machinery utilized by a niche group of end users that require higher productivity of land and crop output. Within this segment, majority of sales came from implements utilized for seedbed preparation and weeding and plant protection.
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 shift focus towards farm income security rather than food security. The FY'2017 budget has made an allocation of INR 1,000,000 crore towards agricultural credit. To ensure crop failure does not adversely impact farmers' income, coverage under the Fasal Bima Yojana Scheme (crop insurance) will be raised to 40% of cropped area during 2017-2018 and 50% during 2018-2019.
- India Agricultural Implements Market Overview
- Value Chain
- India Agricultural Implements Market Size by Value, FY'2011-FY'2016
- Product Portfolio of Major Companies India Agricultural Implements Market
- Rotavators Market Size By Sales Volume and Value, FY'2011-FY'2016
- Rotavators Market Segmentation, FY'2016
- Regional Demand, Customer Preference, Warranty Period and Annual Usage for Rotavators
- Agricultural Sprayers Market Size By Sales Volume and Value, FY'2011-FY'2016
- India Agricultural Sprayers Market Segmentation By Manual/Power on the basis of Sales Volume and Value, FY'2016
- Regional Demand, Customer Preference, Warranty Period and Others for Agricultural Sprayers
- India Cultivator Market Size by Sales Volume and Value, FY'2011-FY'2016
- Regional Demand, Customer Preference, Warranty Period and Annual Usage for Agricultural Cultivator
- Mould Board (MB) Plough Market
- India MB Plough Market Size by Sales Volume and Value, FY'2011-FY'2016
- Regional Demand and Customer Preference for MB Plough
- Seed and Fertilizer Drill Market Size by Sales Volume and Value, FY'2011-FY'2016
- Seed and Fertilizer Drill Market Segmentation By Number of Rows on the basis of Sales Volume and Value, FY'2016
- Regional Demand, Customer Preference and Annual Usage for Agricultural Seed and Fertilizer Drills
- India Harrows Market Size by Sales Volume and Value, FY'2011-FY'2016
- Regional Demand, Customer Preference and Annual Usage for Agricultural Harrows
- India Tiller Market Size by Sales Volume and Value, FY'2011-FY'2016
- Regional Demand, Customer Preference, Warranty Period and Fuel Usage for Tillers
- Snapshot of Other Agricultural Implements Market in India
- Competition Landscape of Major Players in India Agricultural Implements Market
- Company Profile of Major Players in India Agricultural Implements Market
- Government Regulation, Initiatives and Subsidies and Challenges in India Agricultural Implements Market
- Challenges in India Agricultural Implements Market
- Macro-Economic Factors Impacting India Agricultural Implements Market
Products
Rotavators, Cultivators, Agricultural Sprayers, MB Ploughs, Harrows, Tillers, Seed and Fertilizer Drillers, Land Level, Disc Ridgers, Sub Soilers, Ripper, Bale Spear, Rotary Cutter/ Slasher, Box Blade, Power Weeder, Cono Weeder, Rotary Hoe, Fertilizer Spreader, Seed Extractor, Cleaner/ Grader, Dryer, De-husker, Sugarcane Loader, Forage Mower, Chaff Cutter, Brush Cutter, Reaper
Companies
Greaves Cotton Ltd, Honda Siel Power Products Ltd, VST Tillers Tractors Ltd, Tirth Agro Technology Pvt Ltd, Kerala Agro Machinery Corporation, Beri Udyog, Aspee Group of Companies, Lemken India, Krishi Yantra Laghu Udyog, Bull Agro, Saeco Agrotech, Shri Sai Agro Equipments
Table of Contents
1. Executive Summary
1.1. Overview
Genesis and Farm Power Availability
Farm Holding Structure
Status of Farm Mechanization
1.2. Agricultural Implements Market Size
Rotavators Market
Agricultural Sprayers Market
Cultivators Market
Mould Board (MB) Plough Market
Seed and Fertilizer Drill Market
Harrows Market
Tiller Market
Snapshot of Other Agricultural Implements Market
1.3. Future Outlook for India Agricultural Implements Market
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing – Agricultural Implements Market
Limitations
3. India Agricultural Implements Market
3.1. Overview
Genesis and Timeline
Farm Power Availability and Cropping Intensity
Size of Land Holdings
Status of Farm Mechanization
3.2. Value Chain
3.2.1. Scenario 1 (OEM Representative Model)
3.2.2. Scenario 2 (Direct Channel)
3.3. India Agricultural Implements Market Size by Value, FY'2011-FY'2016
3.4. Product Portfolio of Major Companies India Agricultural Implements Market
Rotavators
Agricultural Sprayers
Cultivators
MB Plough
Seed and Fertilizer Drill
Harrows
Mini/Power Tiller
4. Rotavators Market
4.1. Rotavators Market Size By Sales Volume and Value, FY'2011-FY'2016
4.2. Rotavators Market Segmentation, FY'2016
4.2.1. By Gear Speed (Single Speed, Multispeed and Others) on the basis of Sales Volume and Value, FY'2016
4.2.2. By Width on the basis of Sales Volume, FY'2016
4.2.3. By Type (Blade/Tine) on the basis of Sales Volume, FY'2016
4.3. Regional Demand, Customer Preference, Warranty Period and Annual Usage for Rotavators
5. Agricultural Sprayers Market
5.1. Agricultural Sprayers Market Size By Sales Volume and Value, FY'2011-FY'2016
5.2. India Agricultural Sprayers Market Segmentation By Manual/Power on the basis of Sales Volume and Value, FY'2016
5.2.1. India Power Sprayer Market Segmentation By Type (Battery/Motor) on the basis of Sales Volume and Value, FY'2016
5.3. Regional Demand, Customer Preference, Warranty Period and Others for Agricultural Sprayers
6. Cultivator Market
6.1. India Cultivator Market Size by Sales Volume and Value, FY'2011-FY'2016
6.2. India Cultivator Market Segmentation by Tines on the basis of Sales Volume and Value, FY'2016
6.3. Regional Demand, Customer Preference, Warranty Period and Annual Usage for Agricultural Cultivator
7. Mould Board (MB) Plough Market
7.1. India MB Plough Market Size by Sales Volume and Value, FY'2011-FY'2016
7.2. India MB Plough Market Segmentation by Type (Reversible/Non-Reversible) on the basis of Sales Volume and Value, FY'2016
7.2.1. India Reversible MB Plough Market Segmentation By Number of Furrows (Boards) on the basis of Sales Volume and Value, FY'2016
7.2.2. India Non-Reversible MB Plough Market Segmentation by Number of Furrows (boards) on the basis of Sales Volume and Value, FY'2016
7.3. Regional Demand and Customer Preference for MB Plough
8. Seed and Fertilizer Drill Market
8.1. Seed and Fertilizer Drill Market Size by Sales Volume and Value, FY'2011-FY'2016
8.2. Seed and Fertilizer Drill Market Segmentation By Number of Rows on the basis of Sales Volume and Value, FY'2016
8.3. Regional Demand, Customer Preference and Annual Usage for Agricultural Seed and Fertilizer Drills
9. Agricultural Harrows Market
9.1. India Harrows Market Size by Sales Volume and Value, FY'2011-FY'2016
9.2. India Harrow Market Segmentation by Type (Power/Disc) on the basis of Sales Volume and Value, FY'2016
9.2.1. India Disc Harrow Market Segmentation by Number of Discs on the basis of Sales Volume and Value, Fy'2016
9.2.2. India Power Harrow Market Segmentation by Number of Rotors on the basis of Sales Volume and Value, FY'2016
9.3. Regional Demand, Customer Preference and Annual Usage for Agricultural Harrows
10. Tiller Market
10.1. India Tiller Market Size by Sales Volume and Value, FY'2011-FY'2016
10.2. India Agricultural Tiller Market Segmentation by Type (Power and Mini Tiller) on the basis of Sales Volume and Value, FY'2011-FY'2016
10.2.1. India Mini-Tiller Market Segmentation by Horsepower on the basis of Sales Volume and Value, FY'2016
10.2.2. India Power Tiller Market Segmentation by Horsepower on the basis of Sales Volume and Value, FY'2016
10.3. Regional Demand, Customer Preference, Warranty Period and Fuel Usage for Tillers
11. Snapshot of Other Agricultural Implements Market in India
12. Competition Landscape of Major Players in India Agricultural Implements Market
12.1. Tiller Market by Sales Volume, FY'2016
12.2. Agricultural Sprayers by Sales Volume, FY'2016
12.3. Rotavator Market by Sales Volume, FY'2016
13. India Agricultural Implements Market Future Outlook
14. Company Profile of Major Players in India Agricultural Implements Market
14.1. Greaves Cotton Limited
14.1.1. Financial Performance
14.2. Honda Siel Power Products Limited
14.2.1. Financial Performance
14.3. V.S.T. Tillers Tractors Ltd.
14.3.1. Financial Performance
14.4. Tirth Agro Technology Pvt. Ltd (Shaktiman)
14.4.1. Financial Performance
14.5. Kerala Agro Machinery Corporation Ltd.
14.5.1. Financial Performance
14.6. Beri Udyog Pvt. Ltd. (Fieldking)
14.6.1. Financial Performance
14.7. ASPEE Group of Companies
14.7.1. Financial Performance
14.8. Lemken India Agro-Equipment
14.8.1. Financial Performance
14.9. Krishi Yantra Laghu Udyog (Farmking)
14.10. Bull Agro (The AV Group)
14.11. SAECO Agrotech (Yodha)
14.12. Shri Sai Agro Equipments
15. Government Regulation, Initiatives, Subsidies and Challenges in India Agricultural Implements Market
15.1. Regulatory
Excise Duty and Taxes
Testing and Certification
Emission Standard
15.2. Government Initiatives and Subsidies
National Food Security Mission
Rashtriya Krishi Vikas Yojna
Sub-Mission on Agricultural Mechanization
Agricultural Marketing Infrastructure
Budget 2016
15.3. Challenges in India Agricultural Implements Market
16. Macro-Economic Factors Impacting India Agricultural Implements Market
16.1. Expenditure on Agriculture and Allied Sectors
16.2. Export of Agricultural Commodities
16.3. Area under Food Grain Cultivation
16.4. Net Irrigated Area
17. Analyst Recommendations
17.1. Central and State Governments, Banking and Financial Institutions
17.2. Existing and New Manufacturers
Disclaimer
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