Market Reports on India Provides the Trending Market Research Report on“Indian Agricultural Implements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”under Food & Beverage category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Summary
Indian agricultural implements market was worth US$ 8.5 Billion in 2017. The market value is further projected to reach US$ 12.8 Billion by 2023, exhibiting a CAGR of 7.03% during 2018-2023. Agricultural implements consist of a wide range of manual and mechanical tools such as threshers, cultivators, over plows, seed drills, chaff cutter machines, axes, etc. They help in reducing labor and improving the efficiency of agricultural activities. India has achieved considerable progress in the field of agricultural implements over the past decades.

At the time of Independence, Indian farmers mostly used animal operated implements (such as bullock-drawn plows and wooden planks) and hand tools (including spades, pick axes, crowbars, sickles and choppers) for pulverization, compaction and smoothening of the soil.



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Substitute for manual labor: One of the biggest advantages of agriculture implements is that they can replace manual labour. Although, India represents amongst the largest countries for man power in the world, all sectors of the economy have been affected by the scarcity of labour. This impact is currently being felt more in the agricultural sector compared to other sectors. Labour constitute a vital input in agricultural production, however, with rising urbanisation and better oppurtunities, they are migrating from rural to urban parts of the country.

This is creating a major imbalance between labour demand and supply.

Scope
- The agricultural implements market in India has been categorized on the basis of product type including tractors, rotavators, threshers and power tillers. Amongst these, tractors dominate this market.
- On the basis of type, the market has been segmented into manual and mechanized agricultural implements. Currently, manual implements represent the largest segment, holding the majority of the market share.
- Based on distribution channels, the market has been divided into B2B and B2C, wherein the B2C channels account for the largest share.
- Develop market-entry and market expansion strategies.

Reasons to buy
- On a regional basis, the Indian agricultural implements market has been segregated into North India, South India, West and Central India, and East India. Presently, North India is the leading region with the highest level of mechanization.

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