A $21.1bn market by 2028, says ResearchAndMarkets
The Indian agricultural machinery market is projected to reach US$21.1 billion by 2028, growing at a CAGR of 9.5% over six years from 2022.
It was US$12.3 billion in 2022, said ResearchAndMarkets on 18 July 2022 in a report the “India Agricultural Machinery Market Size, Share, Emerging Trends, Current Analysis, Growth, Demand, Opportunity, and Forecast 2022 – 2028”.
The market players are:
Force Motors
Escorts Limited
Mahindra & Mahindra Limited
John Deere India Private Limited
TAFE Motors and Tractors Limited
International Tractors Limited (Sonalika)
CNH Industrial (India) Private Limited
Greaves Cotton Limited
VST Tillers Tractors Limited. fiinews.com
