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Agricultural Machinery Market in India by Product - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41584
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The agricultural machinery market in India has the potential to grow by USD 1.87 billion during 2020-2025, at a CAGR of 6%.

This agricultural machinery market research report of India provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (tractors, harvesting machinery, haying machinery, planting and fertilizing machinery, and others). The agricultural machinery market report of India also offers information on several market vendors, including AGCO Corp., Amalgamations Group, CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., and Mahindra & Mahindra Ltd. among others.

What will the Agricultural Machinery Market Size in India be in 2021?

Agricultural Machinery Market Size

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Agricultural Machinery Market in India: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The government initiatives to support sustainable agricultural practices are notably driving the agricultural machinery market growth in India, although factors such as the declining availability of arable land may impede the market growth. 

  • Various government and non-government bodies in India are emphasizing on promoting sustainable agricultural practices by introducing several initiatives aimed at improving productivity in the sector.
  • Initiatives such as the eNAM and Pradhan Mantri Krishi Sinchayee PMKSY, which focus on improving farming equipment available to small farmers, are contributing to the demand for agricultural machinery in India.
  • The Micro Irrigation Fund (MIF) is another government initiative under which the government provided over USD 700 million in funds to bring more land area under micro-irrigation, as part of its objective to boost agricultural production and the income of farmers.
  • These factors will directly increase sales of agricultural machinery, contributing to the Indian agricultural machinery market growth.
  • The Government of India is aiming to integrate farmers with agro-industries to ensure that they get better prices for their produce, which is boosting contract farming.
  • The adoption of contract farming, which is one of the key agricultural machinery market trends in India, is gaining significance in the country.
  • Contracts between farmers and buyers insulate farmers from price fluctuations in agricultural produce, help them to develop new skills, and aid farmers to explore new markets.
  • Contract farming is beneficial for small and marginal farmers, who, thereby, get to enjoy the additional advantage of operational efficiency.
  • The increasing adoption of contract farming is expected to boost the agricultural machinery market growth in India. 

This agricultural machinery market analysis report of India also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. 

Who are the Major Agricultural Machinery Market Vendors in India?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AGCO Corp.
  • Amalgamations Group
  • CLAAS Group
  • CNH Industrial NV
  • Deere & Co.
  • Escorts Ltd.
  • International Tractors Ltd.
  • ISEKI & Co. Ltd.
  • Kubota Corp.
  • Mahindra & Mahindra Ltd.

 

The Indian agricultural machinery market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

What are the Revenue-generating Product Segments in the Agricultural Machinery Market in India?

Agricultural-Machinery-Market-In-India-Market-Share-by-Product-2020-2025

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The agricultural machinery market share growth in India by the tractors segment will be significant during the forecast period. The inclusion of precision farming techniques using advanced tractors in agricultural operations will help to enhance the agricultural output and aid it to grow further, and therefore, these tractors are expected to become popular among farmers during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural machinery market size in India.

 

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What are the Key Factors Covered in this Agricultural Machinery Market Report of India?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive agricultural machinery market growth in India during the next five years
  • Precise estimation of the Indian agricultural machinery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural machinery market vendors in India 

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Agricultural Machinery Market In India Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6%

Market growth 2021-2025

$ 1.87 billion

Market structure

Fragmented

YoY growth (%)

7.37

Regional analysis

Afghanistan, Algeria, Andorra, Bangladesh, Azerbaijan, and Barbados

Performing market contribution

India at 100%

Key consumer countries

India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AGCO Corp., Amalgamations Group, CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., and Mahindra & Mahindra Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Tractors - Market size and forecast 2020-2025
    • Harvesting machinery - Market size and forecast 2020-2025
    • Haying machinery - Market size and forecast 2020-2025
    • Planting and fertilizing machinery - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AGCO Corp.
    • Amalgamations Group
    • CLAAS Group
    • CNH Industrial NV
    • Deere & Co.
    • Escorts Ltd.
    • International Tractors Ltd.
    • ISEKI & Co. Ltd.
    • Kubota Corp.
    • Mahindra & Mahindra Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Agricultural Machinery market growth will increase by $3732.25 million during 2019-2024.
    The agricultural machinery market is expected to grow at a CAGR of 8.12% during 2019-2024.
    Technavio has segmented the agricultural machinery market by product (Tractors, Harvesting machinery, Haying machinery, Planting and fertilizing machinery, and Others) and geographic (Afghanistan, Algeria, Andorra, Bangladesh, and Azerbaijan).
    AGCO Corp., Amalgamations Group Co., CLAAS Group, CNH Industrial NV, Deere & Co., Escorts Ltd., International Tractors Ltd., ISEKI & Co. Ltd., Kubota Corp., Mahindra & Mahindra Ltd. are a few of the key vendors in the agricultural machinery market.
    Afghanistan will register the highest growth rate of 13.80% among the other regions. Therefore, the agricultural machinery market in Afghanistan is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the agricultural machinery market growth are:
    • Government initiatives to support sustainable agricultural practices
    • Adoption of 3D printing technology
    The agricultural machinery market vendors should focus on grabbing business opportunities from the tractors segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Five-force market analysis

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