India Agricultural Machinery Market Analysis - Size and Forecast 2025-2029

India Agricultural Machinery Market Size 2025-2029

The India agricultural machinery market size is forecast to increase by USD 8.68 billion at a CAGR of 8.4% between 2024 and 2029.

• The agricultural machinery market is experiencing significant growth due to several key trends. The adoption of precision farming techniques is on the rise, with farmers utilizing advanced equipment and technologies to enhance crop yields and reduce waste. This includes the use of combine harvesters, agricultural pesticides, and fertilizers, all of which are essential for optimizing crop production. Additionally, government initiatives to support sustainable agricultural practices are driving market growth, as farmers seek to minimize their environmental impact and increase their profitability. However, the market is also facing challenges, such as the declining availability of arable land, which is putting pressure on farmers to maximize their productivity and profitability with the resources they have. Overall, the agricultural machinery market is poised for continued growth, as farmers seek to adopt the latest technologies and practices to optimize their operations and improve their bottom line.

What will be the Size of the market During the Forecast Period?

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• The agricultural machinery market encompasses a range of equipment designed to enhance farming activities and optimize crop yield. Farmers rely on various types of agriculture machinery, including agricultural sprayers and plant protection sprayers, to apply spray fluids evenly and effectively on crops. Spray systems, which utilize air blast or tractor-mounted sprayers, facilitate the application of pesticides and other essential nutrients to the soil. The agricultural machinery market is driven by the increasing demand for labor-saving technology, mechanization, and improved farming efficiency. Farmers seek to maximize their profitability by investing in advanced farming equipment, such as rotavators, power tillers, and combine harvesters.
• These machines contribute to the transformation of barren land into productive farmland, enabling higher food production. The market's size and direction are influenced by factors such as seed types, soil conditions, and the adoption of chemical pesticides. Furthermore, the implementation of agriculture analytics and agriculture tractors is becoming increasingly common, as these technologies enable farmers to monitor crop health and soil conditions in real-time, leading to more efficient and effective farming practices. Agriculture machinery plays a crucial role in modern farming practices, enabling farmers to manage their farming activities more efficiently and effectively, while reducing the reliance on human labor. Agricultural technology continues to evolve, with innovations in tractor design, power tillers, and seeding systems shaping the future of the agricultural machinery market.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Product
  • Tractor
  • Harvesting machinery
  • Plowing and cultivating machinery
  • Planting and sowing machinery
  • Others
• Application
  • Land development
  • Harvesting
  • Sowing and planting
  • Others
• Geography
  • India

By Product Insights

• The tractor segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth, with tractors holding a substantial share due to their integration into precision farming techniques. Advanced tractors, which range from small (<35 HP) to medium (35-50 HP) and large (>50 HP), cater to various farm sizes. These tractors enhance agricultural output by facilitating efficient farming activities such as seeding, cultivation, spraying, and harvesting. The adoption of labor-saving technology, including tractor-mounted sprayers and air blast sprayers, aids In the application of spray fluids for crop protection. Moreover, the use of powerful technology, such as automated technology, in spray systems and sprayers, increases efficiency and productivity. The agricultural machinery market encompasses a wide range of equipment, including soil cultivation equipment, planting machinery, seeding machinery, irrigation equipment, crop protection, fertilizing machinery, harvesting equipment, post-harvest machinery, processing machinery, transport equipment, and storage equipment. These machines contribute significantly to food production, farm profitability, and the overall advancement of agricultural technology.

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Market Dynamics

Our India Agricultural Machinery Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Agricultural Machinery Market?

• Increasing government initiatives to support sustainable agricultural practices is the key driver of the market. In India, there is a growing focus on enhancing agricultural productivity through the adoption of modern farming equipment and techniques. The International Fund for Agricultural Development (IFAD) and the Indian government have collaborated on initiatives such as eNAM and Pradhan Mantri Krishi Sinchayee (PMKSY) to expand access to agriculture machinery for small farmers. These programs aim to increase farmers' revenue by equipping them with the tools to capitalize on new market opportunities. The demand for agricultural machinery in India is consequently on the rise, driven by the need for labor-saving technology and the desire to improve crop yield. Machinery such as tractor blowers, HTP pumps, sprayers, and soil cultivation equipment are increasingly being utilized for seed types like wheat, rice, and corn.
• Agriculture mist blowers, spray systems, and spray fluids are essential for plant protection, including the application of pesticides. Additionally, machinery for planting, seeding, irrigation, fertilizing, harvesting, post-harvest, processing, transport, and storage is in high demand. Overall, agricultural technology advancements and automation contribute to increased efficiency and productivity in farming activities.

What are the market trends shaping the India Agricultural Machinery Market?

• Rising deployment of equipment and technologies for precision farming is the upcoming trend In the market. Precision farming is a modern agricultural technique that leverages global positioning systems to manage crops and livestock more efficiently. This system monitors the location of field equipment such as irrigation nozzles, agrochemical sprayers, and weed control systems, enabling farmers to communicate with them in real-time.
• Key features of precision farming include equipment guidance, yield inspection, and variable rate input application. By automating a significant portion of farming activities, precision farming helps minimize input costs and maximize crop yield, contributing to the overall profitability of agriculture. CNH Industrial NV (CNH Industrial) is one of the leading providers of agriculture machinery, offering solutions like NIRXact, a crop/slurry sensor that can be mounted on combines and balers.

What challenges does India Agricultural Machinery Market face during the growth?

• Declining availability of arable land is a key challenge affecting the market growth. The agricultural sector relies heavily on machinery to optimize farming activities and enhance crop yield. Farmers utilize various types of agriculture equipment, including agricultural sprayers, for plant protection and soil cultivation. A spray system, incorporating a spray fluid, is essential for effective application of pesticides and fertilizers. The market for agriculture machinery encompasses a wide range of products, including tractor blowers, mechanization tools like rotavators and power tillers, and harvesting equipment such as combine harvesters. The declining arable land in India due to industrialization, urbanization, and energy demands necessitates the adoption of labor-saving technology. Agriculture machinery, including tractor-mounted sprayers, agriculture mist blowers, and sprayers like airblast sprayers, plays a crucial role in addressing the labor shortage and increasing efficiency and productivity.
• Furthermore, the use of advanced technology, such as HTP pumps and automated technology, contributes to the overall profitability of farming activities. Crop protection, fertilizing, irrigation, planting, and harvesting machinery are integral components of modern agriculture. Seed drills, transplanters, broadcast seeders, precision planters, and various irrigation systems like center pivot systems and drip irrigation systems, enable farmers to optimize their farming practices and maximize crop production. The adoption of these advanced technologies not only increases efficiency and productivity but also ensures the preservation of arable land by reducing the need for human labor.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

AGCO Corp. - The company offers agricultural machinery such as conveyor belts, chain conveyor, drum dryer, DELTA screen cleaner, gravity separator etc. from the subsidiary brand Cimbria.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Argo Tractors SpA
• Beri Udyog Pvt Ltd
• Bucher Industries AG
• CLAAS KGaA mBH
• CNH Industrial NV
• Daedong Corp.
• Deccan Farm Equipments Pvt. Ltd.
• Deere and Co.
• Escorts Ltd.
• International Tractors Ltd.
• ISEKI and Co. Ltd.
• JCBLGroup
• LEMKEN GmbH and Co. KG
• Mahindra and Mahindra Ltd.
• POTTINGER Landtechnik GmbH
• SDF SpA
• Tractors and Farm Equipment Ltd.
• Weichei Lovol Heavy Industry Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The agricultural machinery market plays a significant role in enhancing farming activities and increasing farm productivity. Farmers rely on various types of machinery to carry out essential farming tasks, from soil cultivation to crop protection and harvesting. Agricultural techniques have evolved significantly over the years, with a shift towards mechanization and labor-saving technology. Farm equipment, such as tractors, rotavators, power tillers, and combine harvesters, have become indispensable tools for farmers. These machines facilitate soil cultivation, seeding, fertilizing, crop protection, and harvesting. The use of agriculture machinery has led to increased efficiency and productivity, enabling farmers to manage larger areas and improve crop yield.

In addition, one essential piece of farming equipment is the agricultural sprayer. This machinery is used for applying spray fluids, such as pesticides and fertilizers, to crops. Spray systems, including air blast sprayers and tractor-mounted sprayers, have replaced traditional dipping and thinning methods, offering more precise application and reducing the need for human labor. The adoption of automated technology in agriculture machinery has been a game-changer. Powerful technology, such as HTP pumps and precision planters, allows farmers to apply spray fluids and plant seeds more efficiently and accurately. This not only saves time and labor but also reduces the risk of crop damage and improves overall farm profitability.

Moreover, agriculture machinery also plays a crucial role in crop protection. Farmers use various types of sprayers, including backpack sprayers, boom sprayers, and airblast sprayers, to apply pesticides and protect their crops from pests and diseases. Fertilizer spreaders, broadcast spreaders, and drop spreaders are used to apply fertilizers and maintain soil health. The use of irrigation equipment, such as center pivot systems, drip irrigation systems, and sprinklers, has revolutionized farming practices. These systems enable farmers to irrigate their crops efficiently, ensuring optimal growth and reducing water waste. Post-harvest machinery, including processing machinery and transport equipment, plays a vital role In the food production process.

Furthermore, these machines facilitate the transportation, processing, and storage of crops, ensuring that they reach consumers In the best possible condition. Farmers rely on various types of machinery, from soil cultivation equipment to harvesting equipment, to manage their farming activities efficiently. The adoption of labor-saving technology and automated machinery has led to increased efficiency, productivity, and farm profitability. The future of agriculture machinery is promising, with ongoing advancements in technology and innovation set to transform farming practices further.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across India
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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