India Agricultural Equipment Market Size, Share & Forecast 2026

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FY2016 FY2026
INDIA AGRICULTURAL EQUIPMENT MARKET FORECAST
OPPORTUNITIES
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• Scope of Report
• Product of Interest (POI) Agricultural Equipment

Agricultural equipment is machinery used in
farming or other agriculture. There are many
types of such equipment, from planting equipment
to tractors and the countless kinds of farm
implements that they tow or operate.
APPLICATION
TYPE

• Land Development Seed Bed Preparation
• Sowing Planting
• Weed Cultivation
• Plant Protection
• Harvesting Threshing
• Post-harvest Agro Processing
• Others

• Tractors
• Harvesters
• Planting Equipment
• Irrigation Crop Processing Equipment
• Spraying Equipment
• Hay Forage Equipment
• Others

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• Table of Contents

S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Executive Summary Executive Summary Executive Summary
4. Voice of Customer Voice of Customer Voice of Customer
5. India Agricultural Equipment Market Outlook India Agricultural Equipment Market Outlook India Agricultural Equipment Market Outlook
5.1. Market Size Forecast Market Size Forecast
5.1.1. By Value Volume
5.2. Market Share Forecast Market Share Forecast
5.2.1. By Type (Tractors, Harvesters, Planting Equipment, Irrigation Crop Processing Equipment, Spraying Equipment, Hay Forage Equipment, Others)
5.2.2. By Automation (Automatic, Semi-Automatic, Manual)
5.2.3. By Sales Channel (OEMs v/s Aftermarket)
5.2.4. By Application (Land Development Seed Bed Preparation, Sowing Planting, Weed Cultivation, Plant Protection, Harvesting Threshing, Post-harvest Agro Processing, Others)
5.2.4. By Region (South, West, North, East)
5.2.5. By Company (FY2020)
5.3. Product Market Map Product Market Map
6. India Automatic Agricultural Equipment Market Outlook India Automatic Agricultural Equipment Market Outlook India Automatic Agricultural Equipment Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value Volume
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Type
6.2.2. By Sales Channel
6.2.3. By Application
7. India Semi-Automatic Agricultural Equipment Market Outlook India Semi-Automatic Agricultural Equipment Market Outlook India Semi-Automatic Agricultural Equipment Market Outlook
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value Volume
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Type
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• Table of Contents

S. No. Contents Contents Contents Page No.
7.2.1. By Type 7.2.1. By Type
7.2.2. By Sales Channel 7.2.2. By Sales Channel
7.2.1. By Application 7.2.1. By Application 7.2.1. By Application
8. India Manual Agricultural Equipment Market Outlook India Manual Agricultural Equipment Market Outlook India Manual Agricultural Equipment Market Outlook India Manual Agricultural Equipment Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value Volume By Value Volume
8.2. Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Type 8.2.1. By Type
8.2.2. By Sales Channel 8.2.2. By Sales Channel
8.2.3. By Application 8.2.3. By Application
9. Market Dynamics Market Dynamics Market Dynamics
9.1. Impact Analysis Impact Analysis
9.2. Drivers Drivers
9.3. Challenges Challenges
10. Market Trends Developments Market Trends Developments Market Trends Developments
11. Policy Regulatory Landscape Policy Regulatory Landscape Policy Regulatory Landscape
12. India Economic Profile India Economic Profile India Economic Profile
13. Import-Export Analysis Import-Export Analysis Import-Export Analysis
14. Competitive Landscape Competitive Landscape Competitive Landscape
15. Strategic Recommendations Strategic Recommendations Strategic Recommendations
16. About Us Disclaimer About Us Disclaimer About Us Disclaimer
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RESEARCH METHODOLOGY
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• Research Methodology

Market Profiling
Data Analysis
Data Collection
Data Validation
Developing List of Respondents
Formulating Questionnaire
In-depth secondary research was conducted to
determine top players in India agricultural
equipment market, overall market size and
segmental market size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about India agricultural equipment
market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Final Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

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• Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of India
  agricultural equipment market. The team has
  analyzed the outlook of various segments of this
  market, while considering the major influencing
  factors such as as demand to increase crop yield
  and enhance the productivity of farms, etc.,
  which are expected to augment demand for
  Agricultural Equipment solutions in the country
  and speculated a positive outlook during the next
  five years. The study includes market
  forecasting, which would enable our clients to
  take better decisions while planning their
  strategy to achieve sustainability in India
  agricultural equipment market.
• Methodology Followed for Calculation of Market
  Size
• Market Size By Value Market size, in terms of
  value, for the year 2020 was calculated based on
  information collected through exhaustive
  secondary research and primary surveys, with
  various key opinion leaders/stakeholders, such as
  agricultural equipment companies, channel
  partners, end users, industry experts, and other
  industry participants.
• The team interviewed more than 4050 Agricultural
  Equipment companies, 180200 end users, and 1520
  Industry experts and other value chain
  stakeholders in India agricultural equipment
  market to obtain the overall market size for
  2016-2020, which was validated by the Delphi
  technique. Taking standard deviation into
  consideration, the market size was averaged out,
  to arrive at the market size data for 2016-2020.

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• Research Methodology

• Respondents were asked about the current and
  future market growth rates, market shares by
  type, by automation, by sales channel, by
  application ,by each region and company. Removing
  the outlier responses, the geometric mean of
  growth estimates and provider wise revenue shares
  generated across various segments were
  considered, to arrive at the final revenue
  shares. Revenue shares generated across various
  segments were further triangulated from other
  stakeholders depending upon the technology of
  Agricultural Equipment.
• Methodology Followed for Calculation of Market
  Shares
• Market shares by type, by automation, by sales
  channel, by application ,by each region and
  company were calculated based on the responses
  received through primary surveys with industry
  experts, in which the respondents were asked
  about the market shares or revenue generated from
  various technologies of Agricultural Equipment.
  The final shares were calculated by taking the
  geometric mean of the responses gathered from key
  opinion leaders after eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logic
  checks and analyzed the survey results in
  SPSS/Tableau Software.
• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast India
  Agricultural Equipment market, TechSci Research
  used various forecast techniques such as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis

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• Research Methodology

TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long- term period to estimate
and analyse market demand scenario. It should be
noted that the figures compiled are only for the
organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
Escorts Limited Mahindra Mahindra Limited Tractor and Farm Equipment Limited John Deere India Private Limited The Sonalika Group CNH Industrial (India) Private Limited Force Motor Limited Greavers Cotton Limited Shivagrico Implements Limited VST Tillers Tractors Limited World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports Statista News Dailies Credible Paid Databases
TechSci Research
10

• Industry Brief

According to TechSci Research report, India
Agricultural Equipment Market By Type (Tractors,
Harvesters, Planting Equipment, Irrigation Crop
Processing Equipment, Spraying Equipment, Hay
Forage Equipment, Others), By Automation
(Automatic, Semi-Automatic, Manual), By Sales
Channel (OEMs v/s Aftermarket), By Application
(Land Development Seed Bed Preparation, Sowing
Planting, Weed Cultivation, Plant Protection,
Harvesting Threshing, Post-harvest Agro
Processing, Others), By Region, Forecast
Opportunities, 2025, the India agricultural
equipment market is expected to grow at a steady
rate during the forecast period on account of the
increasing food demand by the ever-increasing
population in the country. This in turn is
expected to positively influence the market
growth. Additionally, the framing of Model
Contract Farming Act, 2018 is further expected to
fuel the market growth over the next few years.
However, high cost of these equipment might
hamper the market growth through 2025. Also, lack
of awareness pertaining to presence of such
equipment among the farmers is further expected
to restrict the market growth over the next few
years. Besides, the sudden outbreak and spread of
pandemic COVID-19 has led to lockdown across the
country shutting down the manufacturing of
agricultural equipment. This shall have cascading
effect on the food production and crop yield.
However, the government has eased the
restrictions on in order to maintain seasonal
agricultural activities. Also, the dearth of
skilled labor to use the equipment is further
expected to impede the market growth during the
forecast period. The India agricultural
equipment market is segmented based on type,
automation, sales channel, application, company
and region. Based on type, the market can be
categorized into tractors, harvesters, planting
equipment, irrigation crop processing
equipment, spraying equipment, hay forage
equipment and others. Among these, the harvesters
segment is expected to register the highest
growth in the market on account of the need to
increase the yield while reducing the overall
labor costs. Additionally, they provide fuel
efficiency also. Based on sales channel, the
market can be split into OEMs and aftermarket.
Here, the OEM segment is expected to dominate the
market owing to the growing demand for
agricultural equipment. Based on application, the
market can be fragmented into land development
seed bed preparation, sowing planting, weed
cultivation, plant protection, harvesting
threshing, post-harvest agro processing and
others. The weed cultivation segment is also
expected to witness significant growth on account
of the widespread use of agricultural equipment
such as shovel, plough, among others to reduce
the time of weeding. Escorts Limited, Mahindra
Mahindra Limited, Tractor and Farm Equipment
Limited, John Deere India Private Limited, The
Sonalika Group, CNH Industrial (India) Private
Limited, Force Motor Limited, Greavers Cotton
Limited, Shivagrico Implements Limited, VST
Tillers Tractors Limited and others are some of
the leading players operating in India
agricultural equipment market. The companies
operating in the market are using organic
strategies such as product launches, mergers and
collaborations to boost their share. India
agricultural equipment market during the forecast
period, owing to the increasing mechanization in
agricultural industry. Additionally,
technological advancements such as AI, IoT,
machine learning, among others in the
agricultural industry is further expected to fuel
the market growth through 2025. Furthermore,
presence of major market players such as John
Deere, AGCO Corporation, among others in the
region is expected to create lucrative
opportunities for growth over the next few years.
Also, government initiatives such as Make in
India are further expected to increase the
manufacturing of agricultural equipment in the
country said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global
management consulting firm.
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• Sample Data - Snapshot

India Agricultural Equipment Market Size, By
Value (USD Million) By Volume (Million Units),
20162026F
CAGR By Value Volume
CAGR By Value Volume
YY
XX
India Agricultural Equipment Market Share, By
Type, By Value, FY2016FY2026F
India Automatic Agricultural Equipment Market
Share, By Sales Channel, By Value, FY2016FY2026F
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• Report Ordering

Report Name INDIA AGRICULTURAL EQUIPMENT MARKET
FORECAST OPPORTUNITIES FY2016 FY2026
Report Price
License Type Price
Electronic Access - Single User License 2950
Electronic Access - Multi-User License 3750
Custom Research License 7500
To View Sample OR Purchase Report
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a state-by-state basis to produce a unique
bottom-up model of a country, regional and
global industry prospects. Combined with the
detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market.
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