India Plough Market (2020-2026)
Market Forecast By Types (Traditional Plough, Modern Plough, Specialist Plough), By Application (Farm, Individual Farming) And Competitive Landscape
According to 6Wresearch, the India Plough Market size is anticipated to register growth during 2020-26. The major aspects fuelling the plough market in the country are labor shortage, easy finance, rising income and a largely untapped market. For instance, In recent years, several banks and microfinance institutions have been set all over rural India. This has provided farmers with easy availability of credit to purchase farm machinery. Incentives in the form of subsidies, low import duties on agricultural machinery and easy financing schemes by the Indian government has also been a major driver of the market in India. Also, the National Rural Employment Guarantee Agency (NREGA) has had in many places a ripple effect - labour shortage leading to farm mechanization. The implementation of the NREGA scheme has reduced the inflow of seasonal migrant labourers from UP and Bihar to states such as Punjab and Haryana over the crucial sowing and transplantation season. As a result, the demand for agricultural equipment like ploughs and cultivators in these states has registered substantial growth.
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Key Highlights of the Report:
India Plough Market Outlook
India Plough Price Trends
India Plough Market Drivers and Challenges
India Plough Porter’s Five Forces
India Plough Industry Life Cycle
India Plough Market Trend Evolution
Market Opportunity Assessment By Application
India Plough Top Companies Market Share
India Plough Import Export Trade Statistics
Market Opportunity Assessment By Types
India Plough Company Profiles
India Plough Key Strategic Recommendations
Historical Data and Forecast of India Plough Market Revenues & Volume By Types for the Period 2016 - 2026
Historical Data and Forecast of India Plough Revenues & Volume for the Period 2016 - 2026
Historical Data and Forecast of India Plough Market Revenues & Volume By Specialist Plough for the Period 2016 - 2026
Historical Data and Forecast of India Plough Market Revenues & Volume By Application for the Period 2016 - 2026
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