Posted On - 18 Apr 2017
The report "Tractor Market in India by 2025 - Will the industry witness doubling of sales volume by 2025?" will build scenarios to project the volumes industry is likely to see by 2025.
India is the largest tractor market in the world and hence one of the most important markets for all the leading Indian and global companies having Tractor in its farm equipment portfolio. However, when one compares the prevailing density of tractors in India to some of the leading economies, one would find that its way below the world average. Hence, the headroom for growth is immense and given that agriculture has huge weight in the overall economy, economic growth will not be possible without growth in agriculture.
Report will be an intensive primary and secondary research based outcome that will help industry get a view on demand environment over the next 10 years. Report will help companies understand the demand dynamics at national and state level, hp wise demand for tractors and factors that will lead to expansion of 50 hp and above tractors.