Low HP Tractor Market in India Global Trends, Market Share, Industry Size, GrowtPosted by diwanji a on September 3rd, 2019 The recently published market intelligence report by FutureWise titled 'Low HP Tractor Market in India: Opportunity Analysis and Industry Forecast, 2019-2026', examines the global market in terms of HP, by wheel drive, and zones for the period 2019 to 2026. The low HP tractor market in India is driven by the rising need for advanced agriculture machinery to cater to the ever-increasing demand for agricultural products, from the eastern and central parts of the country. Various initiatives taken by the government such as Kisan Credit Card (KCC), Rashtriya Krishi Vikas Yojna, subsidies on electricity, fertilizers, etc will drive the growth of the market. Key market players are assissting small farmers who can't afford expensive tractors, by renting agricultural machinery who cannot afford expensive tractors. For example, Mahindra has launched a tractor rental service- Trringo. The widening adoption of farm mechanization methods that aid to improvise the crop production will encourage transformation in the market in next few years.
Low HP Tractor Market in India, by HP+ 0-20 Low HP Tractor Market in India, Wheel Drive+ Two Wheel Drive Low HP Tractor Market in India, by Zone+ North Companies Profiled:
Competitive Landscape: FutureWise Key Takeaways Objectives of the Study:
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