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Report
India Farm Agri Equipment Market Report and Forecast 2023-2028
Market Report I 2023-10-20 I 170 Pages I EMR Inc.
India Farm Agri Equipment Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the India farm agri equipment market reached a value of approximately USD 1024.16 billion in 2022. Aided by the increasing adoption of modern farming practices and the growing applications of farm equipment in diverse agricultural operations, the market is projected to further grow at a CAGR of 10.5% between 2023 and 2028.
Farm agri equipment, encompassing a range of machinery and tools used in farming operations, plays a critical role in enhancing agricultural productivity and efficiency. It includes tractors, tillers, seed drillers, sprayers, harvesters, and other farming implements. These machines significantly aid in soil preparation, seeding, irrigation, pest control, harvesting, and post-harvest handling, thereby contributing to overall agricultural output.
The increase in farm mechanisation is a primary driver of the India farm agri equipment market growth. With the escalating awareness of the benefits tied to the use of modern farming equipment - such as improved crop yield, labour cost reduction, and time efficiency - there has been a significant transition towards mechanised farming practices. This transition has led to a surge in the demand for various farm agri equipment.
Moreover, the recent trend towards precision farming, which involves the use of technology and data to optimise crop yield and resource efficiency, has added to the appeal of modern farm equipment. Precision farming implements such as GPS-guided tractors and drones are becoming increasingly prevalent, fuelling the growth of the farm agri equipment market.
The broadening applications of farm equipment in diverse agricultural operations are also contributing to the India farm agri equipment market expansion. For instance, in the crop production sector, mechanised equipment like seed drillers, sprayers, and harvesters is extensively used. In contrast, in livestock farming, equipment such as feed mixers and milking machines is essential.
In the Indian scenario, government initiatives are significantly propelling the India farm agri equipment market development. The government's focus on boosting agricultural productivity and rural incomes has led to the implementation of numerous subsidy schemes and easy credit facilities for the purchase of farm equipment. Such initiatives, coupled with the growing investment in research and development of efficient and eco-friendly machinery, are expected to further enhance the market growth.
Market Segmentation
The market can be divided based on equipment, engine rating, automation, application, and region and states.
Market Breakup by Equipment
- Self-Propelled Machinery
- Sowing, Planting, Reaping, and Digging Equipment
- Harvesting & Threshing Equipment
- Tractor/Power Tiller Driven Equipment
- Rice Transplanter
- Others
Market Breakup by Engine Rating
- Up to 30 HP
- 31-60 HP
- 61-250 HP
- Others
Market Breakup by Automation
- Fully Automatic
- Semi-Automatic
- Manual
Market Breakup by Application
- Land Development and Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Harvesting & Threshing
- Post-Harvest and Agro Processing
- Others
Market Breakup by Region and States
- Northern Region
- Southern Region
- Western Region
- Eastern Region
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India farm agri equipment companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Escorts Kubota Ltd
- Mahindra & Mahindra Ltd
- Tractor and Farm Equipment Ltd
- VST Tillers and Tractors Ltd
- John Deere India Private Ltd
- Greaves Cotton Ltd
- Tirth Agro Technology Private Limited
- Landforce Group
- Khedut Agro
- Action Construction Equipment Ltd
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2018-2022)
8.3 India Farm Agri Equipment Market Forecast (2023-2028)
9 India Farm Agri Equipment Market by Equipment
9.1 Self-Propelled Machinery
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Sowing, Planting, Reaping, and Digging Equipment
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
9.3 Harvesting & Threshing Equipment
9.3.1 Market Share
9.3.2 Historical Trend (2018-2022)
9.3.3 Forecast Trend (2023-2028)
9.4 Tractor/Power Tiller Driven Equipment
9.4.1 Market Share
9.4.2 Historical Trend (2018-2022)
9.4.3 Forecast Trend (2023-2028)
9.5 Rice Transplanter
9.5.1 Market Share
9.5.2 Historical Trend (2018-2022)
9.5.3 Forecast Trend (2023-2028)
9.6 Others
10 India Farm Agri Equipment Market by Engine Rating
10.1 Up to 30 HP
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 31-60 HP
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 61-250 HP
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Others
11 India Farm Agri Equipment Market by Automation
11.1 Fully Automatic
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Semi-Automatic
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 Manual
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
12 India Farm Agri Equipment Market by Application
12.1 Land Development and Seed Bed Preparation
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Sowing & Planting
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Weed Cultivation
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Harvesting & Threshing
12.4.1 Market Share
12.4.2 Historical Trend (2018-2022)
12.4.3 Forecast Trend (2023-2028)
12.5 Post-Harvest and Agro Processing
12.5.1 Market Share
12.5.2 Historical Trend (2018-2022)
12.5.3 Forecast Trend (2023-2028)
12.6 Others
13 India Farm Agri Equipment Market by Region and States
13.1 Northern Region
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.1.4 Market Share by Leading 3 States
13.2 Southern Region
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.2.4 Market Share by Leading 3 States
13.3 Western Region
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.3.4 Market Share by Leading 3 States
13.4 Eastern Region
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.4.4 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 2028
2. India Farm Agri Equipment Historical Market: Breakup by Equipment (USD Million), 2018-2022
3. India Farm Agri Equipment Market Forecast: Breakup by Equipment (USD Million), 2023-2028
4. India Farm Agri Equipment Historical Market: Breakup by Engine Rating (USD Million), 2018-2022
5. India Farm Agri Equipment Market Forecast: Breakup by Engine Rating (USD Million), 2023-2028
6. India Farm Agri Equipment Historical Market: Breakup by Automation (USD Million), 2018-2022
7. India Farm Agri Equipment Market Forecast: Breakup by Automation (USD Million), 2023-2028
8. India Farm Agri Equipment Historical Market: Breakup by Application (USD Million), 2018-2022
9. India Farm Agri Equipment Market Forecast: Breakup by Application (USD Million), 2023-2028
10. India Farm Agri Equipment Historical Market: Breakup by Region and States (USD Million), 2018-2022
11. India Farm Agri Equipment Market Forecast: Breakup by Region and States (USD Million), 2023-2028
12. India Farm Agri Equipment Market Structure
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