Technavio, a leading market research and advisory company has been monitoring the Agricultural machinery market in India since 2014 and based on their research, the market is poised to grow by USD 3.73 billion during 2020-2024, progressing at a CAGR of more than 8% during the forecast period.
The Indian market is supported by several government initiatives that encourage sustainable agriculture. According to the report, the adoption of contract farming will boost the growth of the agricultural machinery market in India.
Read the report on “Agricultural Machinery Market in India Analysis Report by Product (Tractors, Harvesting Machinery, Haying Machinery, Planting and fertilizing machinery, and Others) and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/agricultural-machinery-market-in-india-industry-analysis