Agriculture & Forestry Industry Market News

Indian agricultural tractor machinery industry to reach USD 5.20 million by 2023

Agriculture Market Research

The Indian agricultural tractor machinery market was USD 4.30 million in 2016 and is estimated to reach a value of USD 5.20 million by 2023, at a CAGR of 4.45%.

With the changing industrial trends, leading to the development of more sophisticated agricultural machinery, farming methods took a giant leap forward.

Tractor machinery helps to increase the productivity of the farm, improve the quality of product and reduce the physical efforts. The increase in productivity and output have been the two major reasons for farm mechanization of any country.