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India Farm Agri Equipment Market Share, Size, Analysis, Forecast: By Equipment: Self-Propelled Machinery, Sowing, Planting, Reaping, and Digging Equipment, Harvesting & Threshing Equipment, Tractor/Power Tiller Driven Equipment, Others; By Engine Rating; By Automation; By Application; Regional Analysis; Competitive Landscape; 2024-2032
India Farm Agri Equipment Market Outlook
The India farm agri equipment market size reached a value of approximately USD 1130.67 billion in 2023. The market is further expected to grow at a CAGR of 10.40% between 2024 and 2032. The major market drivers include government incentives and increasing rural income.
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Key Trends in the Market
Farm agri equipment are the machines, tools, and devices that are used to provide aid in farming and other agricultural activities. These tools are used in farms for completing agricultural tasks in a faster, more efficient, and convenient manner. They can be used for agricultural activities of any scale and are available in a variety of sizes and price points.
- The decline in the use of human resources and animals in the agricultural sector has increased the demand for farm agriculture equipment in India. The migration of rural youth to urban cities has been the driving force behind this shift. Migration has led to a lack of availability of cheap labour in rural regions, this has opened wide opportunities for the India farm agri equipment market growth.
- Increased availability of credit to invest in agricultural equipment with the aid of several microfinance institutes is expected to boost the market growth. The improved availability of credit enables more end users to purchase and invest in farm agriculture equipment.
- As the major farming population falls under the economically weaker segments, establishment of various loan waiver schemes for all income category farmers alongside inflating income levels for farmers is projected to further strengthen the India farm agri equipment market.
- Adoption and acceptance of precision farming is expected to help the further growth of the market. With farmers focusing on increasing yield while reducing labour costs, farming agriculture equipment demand will likely surge.
Market Analysis
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Based on equipment, the India farm agri equipment market is divided into self-propelled machinery, sowing, planting, reaping, and digging equipment, harvesting and threshing equipment, tractor/power tiller driven equipment, and rice transplanter, among others. By region and states, the market is classified into Northern Region, Southern Region, Western Region, and Eastern Region.
On the basis of engine rating, it can be segregated into up to 30 HP, 31-60 HP, and 61-250 HP, among others. Based on automation, the market segregation is into fully automatic, semi-automatic, and manual. By application, the market is divided into land development and seed bed preparation, sowing and planting, weed cultivation, harvesting and threshing, and post-harvest and agro processing, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India farm agri equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Escorts Kubota Ltd
- Mahindra & Mahindra Ltd
- Tractor and Farm Equipment Ltd
- VST Tillers and Tractors Ltd
- John Deere India Private Ltd
- Greaves Cotton Ltd
- Action Construction Equipment Ltd
- Others
Market Share by Equipment
Rice transplanters ensure uniform transplantation of seedlings in soil, this in turn enables the seedlings to mature uniformly. Maintenance of adequate distance between the seedlings is also achieved with the help of rice transplanters, this ensures that each seedling gets the required amount of water and sunlight, and a healthy crop produce is obtained. Equipment such as tractors aid in uniform formation of seed beds, thus making farming operations convenient. With the growing demand for rice, supported by an increasing population and popularity of rice in various cultural cuisines, the demand for rice transplanters is increasing, bolstering the India farm agri equipment market.
Market Share by Application
The process of seed bed formation and land development can take days on end when performed manually, however with agri equipment this time is significantly reduced. Seed bed formation and land development is the first and the most crucial step in obtaining valuable agricultural produce. Proper seed beds and land development ensure that the required seed-soil contact is achieved, increasing the applications of the India farm agri equipment market in seed bed and land development. A seed bed ensures that the desired crop growth isn’t hindered due to weeds as well as proper allocation of soil nutrients and water. Optimum moisture range promotes necessary enzymatic reactions required for adequate plant growth.
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Competitive Landscape
Escorts Kubota Ltd. was founded in 1960 and is headquartered in Faridabad, Haryana. It is a leading player in construction, agri-machinery, railway and material handling equipment and auto-components. Till date they’ve manufactured over 1 million tractors, 16,000 material handling and construction equipment, and over 5 million auto-components.
Mahindra & Mahindra Ltd. was established in 1945 and is based in Mumbai, Maharashtra. It is an automotive manufacturing corporation that provides a wide range of products for domestic as well as international markets. Mahindra and Mahindra is a part of the Mahindra Group and is one of the largest vehicle manufacturers in India.
Tractor and Farm Equipment Ltd is an agricultural machinery manufacturer that is headquartered in Chennai, Tamil Nadu and was founded in 1960. By volume they are the second largest tractor manufacturers in India and third largest in the world. Tractor and Farm Equipment sells over 180,000 tractors annually.
Other market players include VST Tillers and Tractors Ltd., John Deere India Private Ltd., Greaves Cotton Ltd., and Action Construction Equipment Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Equipment |
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| Breakup by Engine Rating |
|
| Breakup by Automation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Opportunities and Challenges in the Market
7 India Agriculture Sector Outlook
8 India Farm Agri Equipment Market Analysis
8.1 Key Industry Highlights
8.2 India Farm Agri Equipment Historical Market (2018-2023)
8.3 India Farm Agri Equipment Market Forecast (2024-2032)
9 India Farm Agri Equipment Market by Equipment
9.1 Self-Propelled Machinery
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Sowing, Planting, Reaping, and Digging Equipment
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Harvesting & Threshing Equipment
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Tractor/Power Tiller Driven Equipment
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Rice Transplanter
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Others
10 India Farm Agri Equipment Market by Engine Rating
10.1 Up to 30 HP
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 31-60 HP
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 61-250 HP
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 India Farm Agri Equipment Market by Automation
11.1 Fully Automatic
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Semi-Automatic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Manual
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 India Farm Agri Equipment Market by Application
12.1 Land Development and Seed Bed Preparation
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Sowing & Planting
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Weed Cultivation
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Harvesting & Threshing
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Post-Harvest and Agro Processing
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 India Farm Agri Equipment Market by Region and States
13.1 Northern Region
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Market Share by Leading 3 States
13.2 Southern Region
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.2.3 Market Share by Leading 3 States
13.3 Western Region
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.3.3 Market Share by Leading 3 States
13.4 Eastern Region
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.4.3 Market Share by Leading 3 States
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Escorts Kubota Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mahindra & Mahindra Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tractor and Farm Equipment Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 VST Tillers and Tractors Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 John Deere India Private Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Greaves Cotton Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Tirth Agro Technology Private Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Landforce Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Khedut Agro
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Action Construction Equipment Ltd
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Farm Agri Equipment Market: Key Industry Highlights, 2018 and 2032
2. India Farm Agri Equipment Historical Market: Breakup by Equipment (USD Million), 2018-2023
3. India Farm Agri Equipment Market Forecast: Breakup by Equipment (USD Million), 2024-2032
4. India Farm Agri Equipment Historical Market: Breakup by Engine Rating (USD Million), 2018-2023
5. India Farm Agri Equipment Market Forecast: Breakup by Engine Rating (USD Million), 2024-2032
6. India Farm Agri Equipment Historical Market: Breakup by Automation (USD Million), 2018-2023
7. India Farm Agri Equipment Market Forecast: Breakup by Automation (USD Million), 2024-2032
8. India Farm Agri Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
9. India Farm Agri Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
10. India Farm Agri Equipment Historical Market: Breakup by Region and States (USD Million), 2018-2023
11. India Farm Agri Equipment Market Forecast: Breakup by Region and States (USD Million), 2024-2032
12. India Farm Agri Equipment Market Structure
Key Questions Answered in the Report
The India market size for farm agri equipment reached a value of approximately USD 1130.67 billion in 2023.
The market for farm agri equipment in India is expected to grow at a CAGR of 10.40% between 2024 and 2032.
The major drivers include government incentives, increasing rural income, and availability of quick credit.
The key trends of the market are increasing adoption owing to better yield and decline in the use of human resources and animals.
The regional markets for farm agri equipment are Northern Region, Southern Region, Western Region, And Eastern Region.
The significant equipment in the India farm agri equipment market are self-propelled machinery, sowing, planting, reaping, and digging equipment, harvesting and threshing equipment, tractor/power tiller driven equipment, and rice transplanter, among others.
The most common farm agri equipment is tractor.
On the basis of engine rating, market can be segregated into up to 30 HP, 31-60 HP, and 61-250 HP, among others.
The automations in the farm agri equipment market in India are fully automatic, semi-automatic, and manual.
Key market players include Escorts Kubota Ltd, Mahindra & Mahindra Ltd, Tractor and Farm Equipment Ltd, VST Tillers and Tractors Ltd, John Deere India Private Ltd, Greaves Cotton Ltd, and Action Construction Equipment Ltd., among others.
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