India Agriculture Equipment Market (2022-2028)

India Agriculture Equipment Market (2022-2028) | industry, Share, Growth, Size, Outlook, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Products (Tractors (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Threshers (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP And Above 200 HP), Power Tillers (Up To 30 HP And 30.1 HP- 70 HP), Rotavators (Up To 30 HP, 30.1 HP- 70 HP And 70.1 HP- 130 HP) And Others Including Rice Transplanters, Weeders, Excavators And Farm Carriers)) And Competitive Landscape

Product Code: ETC000963	Publication Date: Feb 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Latest 2023 Development of The India Agriculture Equipment Market

India Agriculture Equipment Market has been growing steadily in recent years by increasing population, growing demand for food, and government initiatives to streamline the agriculture sector. The government continues to invest in the agriculture sector which focuses on initiatives such as improving irrigation infrastructure and promoting public-private partnerships. Another factor contributing to the growth of the agriculture equipment industry in India is the increasing use of precision farming techniques. Currently, farmers are increasingly using GPS-based systems, drones, and other precision agriculture technologies to improve the efficiency and productivity of their operations.

India is working towards increasing the mechanization of its agriculture sector, which is likely to boost the growth of the agriculture equipment market. However, low levels of awareness about modern agriculture equipment, lack of access to finance, and inadequate infrastructure in rural areas are expected to hinder the growth of the market to some extent. The agriculture equipment market in India is expected to continue to grow in the coming years through government initiatives, the increasing use of technology in this sector, and the growing demand for food. The development of electric tractors is a key project in India's agriculture equipment market. The government is encouraging the use of electric tractors due to their environment-friendly nature.

India Agriculture Equipment Market Synopsis

India is one of the world's leading producers of agricultural products, and the country's agriculture equipment market is consequently quite large. However, the market has been facing some challenges in recent years. One of the main challenges is the high cost of equipment. Farmers in India have to contend with a number of costs, including labor costs, land costs, and seed costs. As a result, they often cannot afford to invest in new equipment. Another challenge facing the agriculture equipment market in India is the lack of availability of spare parts. This is a particular problem for older equipment, which may be difficult to find parts for. This can make it difficult and expensive to keep equipment in good working order. The India Agriculture Equipment Market is a part of the Asia Pacific agriculture equipment market and global agriculture equipment market.

According to 6Wresearch, the India Agriculture Equipment Market size is likely to witness growth during 2022-28. The market is driven by the increasing demand for farm mechanization, government initiatives to promote agricultural productivity, and the growing adoption of precision farming technologies. Additionally, the market is mainly driven by the growing population, which is leading to an increase in the demand for food. This is resulting in an increase in the area under cultivation, which is leading to an increase in the demand for agricultural equipment. The Indian government's initiatives to promote agricultural mechanization are also expected to boost market growth. The government has launched several schemes such as Pradhan Mantri Fasal Bima Yojana and Pradhan Mantri Krishi Sinchai Yojana to encourage farmers to adopt modern methods of farming. These initiatives are expected to create a positive outlook for market growth. However, the high cost of agricultural equipment is expected to restrain the market growth. Farmers in India are mostly small and marginal farmers who cannot afford expensive equipment. This is leading them to rely on traditional methods of farming, which is hampering the market growth.

Market Analysis By Product Type

On the basis of product type, the market is classified into tractors, harvesters, threshers, mowers and others. Tractors account for the largest share of the market due to their widespread use in agriculture. Harvesters are used for harvesting crops like wheat and rice. Threshers are used for threshing grains from the crop. Mowers are used for cutting grass and other vegetation. Others include equipment like ploughs, tillers and seeders.

Market Analysis By Competitive Landscape

The India agriculture equipment market is highly competitive with a large number of small and medium-sized players. The key players are focused on expanding their product offerings and strengthening their distribution channels to gain a competitive edge in the market. These companies have a strong presence in the country with a wide product portfolio and a strong distribution network. The competitive landscape of the India Agriculture Equipment Market is highly fragmented. The market consists of a large number of small and medium-sized players, who together account for a significant share of the total market. The competitive landscape of the India Agriculture Equipment Market is expected to change significantly over the next few years. This is due to the entry of new players from China, who are expected to compete with the existing players in terms of price and quality.

COVID-19 Influence on the India Agriculture Equipment Market

In the initial years of the outburst of the Covid-19 pandemic, the market has witnessed a slump. The Indian agriculture equipment market is currently being driven by a number of factors. One of the most important drivers is the increasing mechanization of agriculture. This is leading to an increased demand for agricultural equipment, such as tractors and combined harvesters. In addition, the government of India is providing various subsidies and incentives to farmers to encourage them to purchase agricultural equipment. These subsidies are expected to drive further growth in the market.

Major Companies in the Market

Major players operating in the India Agriculture Equipment Market are:

Mahindra & Mahindra
Escorts Group
John Deere India
Kubota India
New Holland Fiat India
Tractors and Farm Equipment Limited (TAFE)
VST Tillers Tractors

Key Attractiveness of the Report

COVID-19 Influence on the Market Dynamics.
10 Years of Market Data.
Historical Numbers from 2018 to 2021.
Base Year: 2021
Market Forecast Data Until 2028
Key Performance Indicators Influencing the Market.
Key Developments and Projects.

Key Highlights of the Report

India Agriculture Equipment Market Outlook
India Agriculture Equipment Market Overview
India Agriculture Equipment Market Forecast
India Agriculture Equipment Market Size
India Agriculture Equipment Market Share, by-products
India Agriculture Equipment Market Forecast of revenues until 2028
Historical Data of India Agriculture Equipment Market Revenues and Volume, by-products for the Period 2018-2028
Market Size & Forecast of India Agriculture Equipment Market Revenues and Volume, by-products until 2028
India Tractor Market Revenue and Volume Share, By HP Range
Historical Data of India Tractor Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Tractor Market Revenues and Volume, By HP range until 2028
India Harvester Market Revenue and Volume Share, By HP Range
Historical Data of India Harvester Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Harvester Revenue and Volume Share, By HP range until 2028
India Thresher Market Revenue and Volume Share, By HP Range
Historical Data of India Thresher Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Thresher Market Revenues and Volume, By HP range until 2028
India Pumps Market Revenue and Volume Share, By HP Range
Historical Data of India Pumps Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Pumps Market Revenues and Volume, By HP range until 2028
India Power Tiller Market Revenue and Volume Share, By HP Range
Historical Data of India Power Tiller Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Power Tiller Market Revenues and Volume, By HP range until 2028
India Rotavator Market Revenue and Volume Share, By HP Range
Historical Data of India Rotavator Market Revenues and Volume, by HP range for the Period 2018-2028
Market Size & Forecast of India Rotavator Market Revenues and Volume, By HP range until 2028
India Agriculture Equipment Market Drivers and Restraints
India Agriculture Equipment Market Trends
Porter’s Five Forces Analysis and Market Opportunity Assessment
India Agriculture Equipment Market Share, by Companies
India Agriculture Equipment Market Overview, by Competitive Benchmarking
Company Profiles
Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By Products

Tractors
- Up to 30 HP
- 30.1 HP- 70 HP
- 70.1 HP- 130 HP
- 130.1 HP- 200 HP
- Above 200 HP
Harvesters
- Up to 30 HP
- 30.1 HP- 70 HP
- 70.1 HP- 130 HP
- 130.1 HP- 200 HP
- Above 200 HP
Threshers
- Up to 30 HP
- 30.1 HP- 70 HP
- 70.1 HP- 130 HP
- 130.1 HP- 200 HP
- Above 200 HP
Pumps
- Up to 30 HP
- 30.1 HP- 70 HP
- 70.1 HP- 130 HP
- 130.1 HP- 200 HP
- Above 200 HP
Power Tillers
- Up to 30 HP
- 30.1 HP- 70 HP
Rotavators
- Up to 30 HP
- 30.1 HP- 70 HP
- 70.1 HP- 130 HP
Others (Rice Transplanter, Weeders, Excavators and Farm Carriers)

Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which product type accounts for the maximum market share in the India Agriculture Equipment Market?

The tractors account for the maximum market share in the India Agriculture Equipment Market.

2). Does the report include the impression of COVID-19?

Yes, the report includes the stimulus of COVID-19.

3). Which end user is predictable to register the highest growth rate?

The farm owner is projected to record the highest share in future.

4). What are the critical factors which are increasing the market demand?

The growth of the market is attributed to increasing demand for farm mechanization, government initiatives to promote agricultural productivity, and the growing adoption of precision farming technologies.

5). What are the major companies operating in the India Agriculture Equipment Market?

Some of the major companies in the market are Mahindra & Mahindra, Escorts Group, John Deere India, Kubota India, New Holland Fiat India, Tractors and Farm Equipment Limited (TAFE) and VST Tillers Tractor.

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of the Report

2.3. Market Scope & Segmentation

2.4. Methodology Adopted and Key Data Points

2.5. Assumptions

3. India Agriculture Equipment Market Overview

3.1. India Agriculture Equipment Market Revenues and Volume, 2018-2028F

3.2. India Agriculture Equipment Market Industry Life Cycle, 2018

3.3. India Agriculture Equipment Market Porter’s Five Forces

3.4. India Agriculture Equipment Market Revenue and Volume Share, By Equipment, 2021 & 2028F

4. India Agriculture Equipment Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. India Tractor Market Overview

5.1. India Tractor Market Revenues and Volume, 2018-2028F

5.2. India Tractor Market Revenue Share, By HP Range, 2021 & 2028F

5.3. India Tractor Market Volume Share, By HP Range, 2021 & 2028F

5.4. India Tractor Market Revenues and Volume, By HP Range, 2018-2028F

5.5. India Tractor Market Price Trend, By HP Range, 2018-2028F

6. India Harvester Market Overview

6.1. India Harvester Market Revenues and Volume, 2018-2028F

6.2. India Harvester Market Revenue Share, By HP Range, 2021 & 2028F

6.3. India Harvester Market Volume Share, By HP Range, 2021 & 2028F

6.4. India Harvester Market Revenues and Volume, By HP Range, 2018-2028F

6.5. India Harvester Market Price Trend, By HP Range, 2018-2028F

7. India Thresher Market Overview

7.1. India Thresher Market Revenues and Volume, 2018-2028F

7.2. India Thresher Market Revenue Share, By HP Range, 2021 & 2028F

7.3. India Thresher Market Volume Share, By HP Range, 2021 & 2028F

7.4. India Thresher Market Revenues and Volume, By HP Range, 2018-2028F

7.5. India Thresher Market Price Trend, By HP Range, 2018-2028F

8. India Pumps Market Overview

8.1. India Pumps Market Revenues and Volume, 2018-2028F

8.2. India Pumps Market Revenue Share, By HP Range, 2021 & 2028F

8.3. India Pumps Market Volume Share, By HP Range, 2021 & 2028F

8.4. India Pumps Market Revenues and Volume, By HP Range, 2018-2028F

8.5. India Pumps Market Price Trend, By HP Range, 2018-2028F

9. India Power Tiller Market Overview

9.1. India Power Tiller Market Revenues and Volume, 2018-2028F

9.2. India Power Tiller Market Revenue Share, By HP Range, 2021 & 2028F

9.3. India Power Tiller Market Volume Share, By HP Range, 2021 & 2028F

9.4. India Power Tiller Market Revenues and Volume, By HP Range, 2018-2028F

9.5. India Power Tiller Market Price Trend, By HP Range, 2018-2028F

10. India Rotavator Market Overview

10.1. India Rotavator Market Revenues and Volume, 2018-2028F

10.2. India Rotavator Market Revenue Share, By HP Range, 2021 & 2028F

10.3. India Rotavator Market Volume Share, By HP Range, 2021 & 2028F

10.4. India Rotavator Market Revenues and Volume, By HP Range, 2018-2028F

10.5. India Rotavator Market Price Trend, By HP Range, 2018-2028F

11. India Other Agriculture Equipment Market Overview

11.1. India Other Agriculture Equipment Market Revenues and Volume, 2018-2028F

12. India Key Performance Indicators

13. India Agriculture Equipment Market Opportunity Assessment

13.1. India Agriculture Equipment Market, Opportunity Assessment, By Equipment, 2028F

14. India Agriculture Equipment Market Competitive Landscape

14.1. India Agriculture Equipment Market Revenue Share, By Companies, 2021

15. Company Profiles

16. Strategic Recommendations

17. Disclaimer

Japan Agriculture Equipment Market

Australia Agriculture Equipment Market

China Agriculture Equipment Market

Indonesia Agriculture Equipment Market

2022 Feb 16 : Report

Product Code: ETC000963	Publication Date: Feb 2022	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Agriculture Equipment Market is projected to grow over the coming years. South Africa Agriculture Equipment Market report is a part of our periodical regional publication Asia Pacific Agriculture Equipment Market outlook report. 6W tracks Agriculture Equipment Market for over 60 countries with individual country-wise market opportunity assessment and publishes the market with the report titled Global Agriculture Equipment Market outlook report annually.

India Agriculture Equipment Market report thoroughly covers market by Products type and HP range. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Agriculture Equipment Market Synopsis

India Agriculture Equipment Market is anticipated to gain momentum during the upcoming years owing to the rising disposable income. The rising shortage of farm labourers backed by increasing cost associated with it is driving the India Agriculture Equipment Market Growth. Additionally, the increasing penetration towards usage of modern technology coupled with adoption of modern equipment beholds the rising development of the Market. Upsurge in the population backed by rising pressure on the land to increase the productivity is also adding to the India Agriculture Equipment Market Share.

According to 6Wresearch, India Agriculture Equipment Market size is projected to register growth during 2021-2027. Increasing government initiative such as providing loan on low interest rate and subsidy. Additionally, advancement of technology backed by increasing number of farm activities in the country is adding to the India Agriculture Equipment Market Revenue. However, the market suffered a major setback due to the outburst of COVID-19 leading to the worldwide restriction. The nationwide lockdown led to the disruption in the supply chain.

Market Analysis by product

On the basis of product, the tractors segment occupied the largest share on account of increasing adoption of equipment.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

India Agriculture Equipment Market Outlook
India Agriculture Equipment Market Overview
India Agriculture Equipment Market Forecast
India Agriculture Equipment Market Size
India Agriculture Equipment Market Share, by-products
India Agriculture Equipment Market Forecast of revenues until 2027
Historical Data of India Agriculture Equipment Market Revenues and Volume, by-products for the Period 2017-2027
Market Size & Forecast of India Agriculture Equipment Market Revenues and Volume, by-products until 2027
India Tractor Market Revenue and Volume Share, By HP Range
Historical Data of India Tractor Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Tractor Market Revenues and Volume, By HP range until 2027
India Harvester Market Revenue and Volume Share, By HP Range
Historical Data of India Harvester Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Harvester Revenue and Volume Share, By HP range until 2027
India Thresher Market Revenue and Volume Share, By HP Range
Historical Data of India Thresher Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Thresher Market Revenues and Volume, By HP range until 2027
India Pumps Market Revenue and Volume Share, By HP Range
Historical Data of India Pumps Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Pumps Market Revenues and Volume, By HP range until 2027
India Power Tiller Market Revenue and Volume Share, By HP Range
Historical Data of India Power Tiller Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Power Tiller Market Revenues and Volume, By HP range until 2027
India Rotavator Market Revenue and Volume Share, By HP Range
Historical Data of India Rotavator Market Revenues and Volume, by HP range for the Period 2017-2027
Market Size & Forecast of India Rotavator Market Revenues and Volume, By HP range until 2027
India Agriculture Equipment Market Drivers and Restraints
India Agriculture Equipment Market Trends
Porter’s Five Forces Analysis and Market Opportunity Assessment
India Agriculture Equipment Market Share, by Companies
India Agriculture Equipment Market Overview, by Competitive Benchmarking
Company Profiles
Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By-Products:

Tractors

Up to 30 HP
30.1 HP- 70 HP
70.1 HP- 130 HP
130.1 HP- 200 HP
Above 200 HP

Harvesters

Up to 30 HP
30.1 HP- 70 HP
70.1 HP- 130 HP
130.1 HP- 200 HP
Above 200 HP

Threshers

Up to 30 HP
30.1 HP- 70 HP
70.1 HP- 130 HP
130.1 HP- 200 HP
Above 200 HP

Pumps

Up to 30 HP
30.1 HP- 70 HP
70.1 HP- 130 HP
130.1 HP- 200 HP
Above 200 HP

Power Tillers

Up to 30 HP
30.1 HP- 70 HP

Rotavators

Up to 30 HP
30.1 HP- 70 HP
70.1 HP- 130 HP

Others (Rice Transplanter, Weeders, Excavators and Farm Carriers)

2019 Dec 18 : Report

Market Forecast By Products (Tractors ( Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up to 30 HP & 30.1 HP- 70 HP), Pumps (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above 200 HP), Power Tillers (Up to 30 HP & 30.1 HP- 70 HP), Rotavators ( Up to 30 HP, 30.1 HP- 70 HP & 70.1 HP- 130 HP and Other Agriculture Equipment) and Competitive Landscape.

Product Code: ETC000963	Publication Date: Dec 2019	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 106	No. of Figures: 43

India is the second-largest market of agriculture equipment in the Asia Pacific region. Easy financing options, government support in the form of subsidies given under the Sub-Mission on Agriculture Mechanization Scheme, the growing population as well as increasing demand for food items have played well to give a boost to the demand for India agriculture equipment market. Additionally, the year 2017 is recognized by the industry experts as an abnormal period due to double-digit growth in the agriculture equipment market on account of favorable weather conditions for agriculture in that period. However, the same trend is not expected to sustain over the coming years. The market growth returned to normal in 2018 and the market is anticipated to grow at a slower pace till 2022 on account of lesser rains and shrinking farmers' income.

According to 6Wresearch, India Agriculture Equipment Market size is projected to grow at a CAGR of 9.5% during 2019-25. The market is expected to grow at a slower pace till 2022, however, the market would witness sound growth on account of favorable government policies to double farmers’ income and good weather conditions which the country is expected to witness during the forecast period.

India Agriculture Equipment Market

Amongst all the products, the market for tractors acquired the highest volume share in the India agriculture equipment market in the year 2018 and would continue to maintain its dominance during the forecast period as well. After the market for tractors, the market volume of power tillers is expected to grow at the fastest rate during 2019-2025. Moreover, 30.1- 70 HP tractors acquire the majority of the market share in the overall market of tractors, harvesters, rotavators and threshers in India. For pumps and power tillers, up to 30 HP is the major contributor to the overall volume of these products in 2018.

The India agriculture equipment market report thoroughly covers the market by equipment, by HP range, and by regions, India agriculture equipment market outlook report provides an unbiased and detailed analysis of the on-going India agriculture equipment market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

India agriculture equipment market is anticipated to witness growth during the forecast period 2020-26F backed by a rise in consumption, low water requirements in horticulture, advanced technologies, and rising adoption of technically innovative farm machinery and restrain the use of traditional machinery. Further, the expansion of arable land for cultivation is also expected to raise significant demand projections for Bahrain agriculture and farm machinery. Rising government efforts towards enhancement of the agriculture sector to improve the productivity and supporting sound growth of the respective sector is expected to raise considerable demand projections for agriculture equipment in Bahrain in the near future and contribute towards the sound growth of the Bahrain agriculture equipment market in the coming years.

Key Highlights of the Report:

India Agriculture Equipment Market Overview
India Agriculture Equipment Market Outlook
India Agriculture Equipment Market Forecast
India Agriculture Equipment Market Size and India Agriculture Equipment Market Forecast until 2025
India Agriculture Equipment Market Share, By Equipment
India Agriculture Equipment Market Share, By HP Range
India Agriculture Equipment Market Share, By Region
Historical Data of India Agriculture Equipment Market Revenues and Volume for the period, 2015-2018
Market size and Forecast of India Agriculture Equipment Market Revenues and Volume until 2025
Historical Data of India Agriculture Equipment Market Revenues and Volume, By Equipment, for the Period 2015-2018
Market size and Forecast of India Agriculture Equipment Market Revenues and Volume, By Equipment, until 2025
Historical Data of India Agriculture Equipment Market Revenues and Volume, By HP Range, for the Period 2015-2018
Market size and Forecast of India Agriculture Equipment Market Revenues and Volume, By HP Range, until 2025
Historical Data of India Agriculture Equipment Market Revenues and Volume, By Region, for the Period 2015-2018
Market size and Forecast of India Agriculture Equipment Market Revenues and Volume, By Region, until 2025
India Agriculture Equipment Market Drivers and Restraints
India Agriculture Equipment Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
India Agriculture Equipment Market Opportunity Assessment
India Agriculture Equipment Market Revenue Share, By Company
India Agriculture Equipment Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

India Agriculture Equipment Market Report Covered:

The report provides a detailed analysis of the following market segments:

By Equipment:
- Tractor
  - Up to 30 HP
  - 30.1 HP- 70 HP
  - 70.1 HP- 130 HP
  - 130.1 HP- 200 HP
- Combine Harvester
  - 30.1 HP- 70 HP
  - 70.1 HP- 130 HP
  - 130.1 HP- 200 HP
- Thresher
  - Up to 30 HP
  - 30.1 HP- 70 HP
- Pump
  - Up to 30 HP
  - 30.1 HP- 70 HP
  - 70.1 HP- 130 HP
  - 130.1 HP- 200 HP
  - Above 200 HP
- Power Tiller
  - Up to 30 HP
  - 30.1 HP- 70 HP
- Rotavator
  - Up to 30 HP
  - 30.1 HP- 70 HP
  - 70.1 HP- 130 HP
- Others