Farm mechanization
Tractor market to grow to US$8.05 billion by 2020, says Technavio.
India’s farm mechanization market is expected to grow at a CAGR of more than 7% during 2016-2020, according to a forecast by London-based consultancy Technavio.
India’s tractor market will grow to USD8.05 billion by 2020 with increasing mechanization of farm work and low availability of manual labour.
Among others, it has forecast 14.99% growth for combine harvesters, used for reaping, winnowing, and threshing. fii-news.com
