Enterprises will go through the Response, Recovery, and Renew phases.
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The agricultural machinery market in India will witness a negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Major Three Agricultural Machinery Market In India Participants:
AGCO Corp.
AGCO Corp. offers tractors, combine harvesters, seeding and tillage, and hay and forage equipment under the brands such as Challenger, Fendt, Massey Ferguson, and Valtra. Some of the key offerings are Challenger 1000 Series tractors, Fendt 1000 Vario, and 9505 Series Axial Combines.
Amalgamations Group
Amalgamations Group offers tractors (range of 25-90 HP), hydraulic pumps, and gears. The company offers both air and water-cooled tractors.
CNH Industrial NV
CNH Industrial NV offers a wide variety of tractors and combines harvesters such as New Holland TD5 tractors, EXCEL 9010, FR, PULL-TYPE FORAGE HARVESTER, and TC5.30.
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Agricultural Machinery Market In India 2021-2025: Segmentation
Agricultural machinery market in India is segmented as below:
- Product
- Tractors
- Harvesting Machinery
- Haying Machinery
- Planting And Fertilizing Machinery
- Others
The agricultural machinery market in India is driven by government initiatives to support sustainable agricultural practices. In addition, the adoption of contract farming is expected to trigger the agricultural machinery market in India toward witnessing a CAGR of almost 6% during the forecast period.
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Related Report on Industrials Include:
Agriculture Seeder Market in North America- The agriculture seeder market in North America is segmented by product (air seeders and seed drills and seed planters) and geography (US and Canada). Download FREE Sample Report
Global Agricultural Harvester Market- The agricultural harvester market is segmented by product (combine harvesters and forage harvesters) and geography (Europe, North America, APAC, South America, and MEA). Download FREE Sample Report
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