Agricultural Machinery Market in India 2025-2029

Agricultural Machinery Market In India 2025-2029

The agricultural machinery market in India is forecasted to grow by USD 8683.4 million during 2024-2029, accelerating at a CAGR of 8.4% during the forecast period. The report on the agricultural machinery market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government initiatives to support sustainable agricultural practices, increasing availability of financing options for agriculture, and increasing adoption of contract farming.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's agricultural machinery market in India is segmented as below:

By Product

  • Tractor
  • Harvesting machinery
  • Plowing and cultivating machinery
  • Planting and sowing machinery
  • Others
By Application
  • Land development
  • Harvesting
  • Sowing and planting
  • Others
By Geographical Landscape
  • APAC
This study identifies the rising deployment of equipment and technologies for precision farming as one of the prime reasons driving the agricultural machinery market in India growth during the next few years. Also, increasing demand for small tractors and growing distribution network of agricultural machinery through E-commerce platforms will lead to sizable demand in the market.

The report on the agricultural machinery market in India covers the following areas:
  • Agricultural Machinery Market in India sizing
  • Agricultural Machinery Market in India forecast
  • Agricultural Machinery Market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agricultural machinery market in India vendors that include AGCO Corp., 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., and Weichei Lovol Heavy Industry Co. Ltd.. Also, the agricultural machinery market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India: Year-over-year growth 2024-2029 (%)
Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Agricultural Machinery Market in India 2019 - 2023
Historic Market Size - Data Table on Agricultural Machinery Market in India 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI in agricultural machinery market in India
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Tractor - Market size and forecast 2024-2029
Chart on Tractor - Market size and forecast 2024-2029 ($ million)
Data Table on Tractor - Market size and forecast 2024-2029 ($ million)
Chart on Tractor - Year-over-year growth 2024-2029 (%)
Data Table on Tractor - Year-over-year growth 2024-2029 (%)
8.4 Harvesting machinery - Market size and forecast 2024-2029
Chart on Harvesting machinery - Market size and forecast 2024-2029 ($ million)
Data Table on Harvesting machinery - Market size and forecast 2024-2029 ($ million)
Chart on Harvesting machinery - Year-over-year growth 2024-2029 (%)
Data Table on Harvesting machinery - Year-over-year growth 2024-2029 (%)
8.5 Plowing and cultivating machinery - Market size and forecast 2024-2029
Chart on Plowing and cultivating machinery - Market size and forecast 2024-2029 ($ million)
Data Table on Plowing and cultivating machinery - Market size and forecast 2024-2029 ($ million)
Chart on Plowing and cultivating machinery - Year-over-year growth 2024-2029 (%)
Data Table on Plowing and cultivating machinery - Year-over-year growth 2024-2029 (%)
8.6 Planting and sowing machinery - Market size and forecast 2024-2029
Chart on Planting and sowing machinery - Market size and forecast 2024-2029 ($ million)
Data Table on Planting and sowing machinery - Market size and forecast 2024-2029 ($ million)
Chart on Planting and sowing machinery - Year-over-year growth 2024-2029 (%)
Data Table on Planting and sowing machinery - Year-over-year growth 2024-2029 (%)
8.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Land development - Market size and forecast 2024-2029
Chart on Land development - Market size and forecast 2024-2029 ($ million)
Data Table on Land development - Market size and forecast 2024-2029 ($ million)
Chart on Land development - Year-over-year growth 2024-2029 (%)
Data Table on Land development - Year-over-year growth 2024-2029 (%)
9.4 Harvesting - Market size and forecast 2024-2029
Chart on Harvesting - Market size and forecast 2024-2029 ($ million)
Data Table on Harvesting - Market size and forecast 2024-2029 ($ million)
Chart on Harvesting - Year-over-year growth 2024-2029 (%)
Data Table on Harvesting - Year-over-year growth 2024-2029 (%)
9.5 Sowing and planting - Market size and forecast 2024-2029
Chart on Sowing and planting - Market size and forecast 2024-2029 ($ million)
Data Table on Sowing and planting - Market size and forecast 2024-2029 ($ million)
Chart on Sowing and planting - Year-over-year growth 2024-2029 (%)
Data Table on Sowing and planting - Year-over-year growth 2024-2029 (%)
9.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 AGCO Corp.
AGCO Corp. - Overview
AGCO Corp. - Business segments
AGCO Corp. - Key news
AGCO Corp. - Key offerings
AGCO Corp. - Segment focus
SWOT
13.5 Argo Tractors SpA
Argo Tractors SpA - Overview
Argo Tractors SpA - Product / Service
Argo Tractors SpA - Key offerings
SWOT
13.6 Beri Udyog Pvt Ltd
Beri Udyog Pvt Ltd - Overview
Beri Udyog Pvt Ltd - Product / Service
Beri Udyog Pvt Ltd - Key offerings
SWOT
13.7 Bucher Industries AG
Bucher Industries AG - Overview
Bucher Industries AG - Business segments
Bucher Industries AG - Key offerings
Bucher Industries AG - Segment focus
SWOT
13.8 CLAAS KGaA mBH
CLAAS KGaA mBH - Overview
CLAAS KGaA mBH - Product / Service
CLAAS KGaA mBH - Key news
CLAAS KGaA mBH - Key offerings
SWOT
13.9 CNH Industrial NV
CNH Industrial NV - Overview
CNH Industrial NV - Business segments
CNH Industrial NV - Key offerings
CNH Industrial NV - Segment focus
SWOT
13.10 Daedong Corp.
Daedong Corp. - Overview
Daedong Corp. - Product / Service
Daedong Corp. - Key news
Daedong Corp. - Key offerings
SWOT
13.11 Deccan Farm Equipments Pvt. Ltd.
Deccan Farm Equipments Pvt. Ltd. - Overview
Deccan Farm Equipments Pvt. Ltd. - Product / Service
Deccan Farm Equipments Pvt. Ltd. - Key offerings
SWOT
13.12 Deere and Co.
Deere and Co. - Overview
Deere and Co. - Business segments
Deere and Co. - Key news
Deere and Co. - Key offerings
Deere and Co. - Segment focus
SWOT
13.13 Escorts Ltd.
Escorts Ltd. - Overview
Escorts Ltd. - Business segments
Escorts Ltd. - Key offerings
Escorts Ltd. - Segment focus
SWOT
13.14 International Tractors Ltd.
International Tractors Ltd. - Overview
International Tractors Ltd. - Product / Service
International Tractors Ltd. - Key offerings
SWOT
13.15 ISEKI and Co. Ltd.
ISEKI and Co. Ltd. - Overview
ISEKI and Co. Ltd. - Product / Service
ISEKI and Co. Ltd. - Key offerings
SWOT
13.16 JCBLGroup
JCBLGroup - Overview
JCBLGroup - Product / Service
JCBLGroup - Key offerings
SWOT
13.17 Mahindra and Mahindra Ltd.
Mahindra and Mahindra Ltd. - Overview
Mahindra and Mahindra Ltd. - Business segments
Mahindra and Mahindra Ltd. - Key news
Mahindra and Mahindra Ltd. - Key offerings
Mahindra and Mahindra Ltd. - Segment focus
SWOT
13.18 Tractors and Farm Equipment Ltd.
Tractors and Farm Equipment Ltd. - Overview
Tractors and Farm Equipment Ltd. - Product / Service
Tractors and Farm Equipment Ltd. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Product
Exhibits5: Executive Summary - Chart on Market Segmentation by Application
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits8: Overview on criticality of inputs and factors of differentiation
Exhibits9: Overview on factors of disruption
Exhibits10: Impact of drivers and challenges in 2024 and 2029
Exhibits11: Parent Market
Exhibits12: Data Table on - Parent Market
Exhibits13: Market characteristics analysis
Exhibits14: Value chain analysis
Exhibits15: Offerings of companies included in the market definition
Exhibits16: Market segments
Exhibits17: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits18: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits19: Chart on India: Year-over-year growth 2024-2029 (%)
Exhibits20: Data Table on India: Year-over-year growth 2024-2029 (%)
Exhibits21: Historic Market Size - Data Table on Agricultural Machinery Market in India 2019 - 2023 ($ million)
Exhibits22: Historic Market Size - Product Segment 2019 - 2023 ($ million)
Exhibits23: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits24: Five forces analysis - Comparison between 2024 and 2029
Exhibits25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits30: Chart on Market condition - Five forces 2024 and 2029
Exhibits31: Chart on Product - Market share 2024-2029 (%)
Exhibits32: Data Table on Product - Market share 2024-2029 (%)
Exhibits33: Chart on Comparison by Product
Exhibits34: Data Table on Comparison by Product
Exhibits35: Chart on Tractor - Market size and forecast 2024-2029 ($ million)
Exhibits36: Data Table on Tractor - Market size and forecast 2024-2029 ($ million)
Exhibits37: Chart on Tractor - Year-over-year growth 2024-2029 (%)
Exhibits38: Data Table on Tractor - Year-over-year growth 2024-2029 (%)
Exhibits39: Chart on Harvesting machinery - Market size and forecast 2024-2029 ($ million)
Exhibits40: Data Table on Harvesting machinery - Market size and forecast 2024-2029 ($ million)
Exhibits41: Chart on Harvesting machinery - Year-over-year growth 2024-2029 (%)
Exhibits42: Data Table on Harvesting machinery - Year-over-year growth 2024-2029 (%)
Exhibits43: Chart on Plowing and cultivating machinery - Market size and forecast 2024-2029 ($ million)
Exhibits44: Data Table on Plowing and cultivating machinery - Market size and forecast 2024-2029 ($ million)
Exhibits45: Chart on Plowing and cultivating machinery - Year-over-year growth 2024-2029 (%)
Exhibits46: Data Table on Plowing and cultivating machinery - Year-over-year growth 2024-2029 (%)
Exhibits47: Chart on Planting and sowing machinery - Market size and forecast 2024-2029 ($ million)
Exhibits48: Data Table on Planting and sowing machinery - Market size and forecast 2024-2029 ($ million)
Exhibits49: Chart on Planting and sowing machinery - Year-over-year growth 2024-2029 (%)
Exhibits50: Data Table on Planting and sowing machinery - Year-over-year growth 2024-2029 (%)
Exhibits51: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits52: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits53: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits54: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits55: Market opportunity by Product ($ million)
Exhibits56: Data Table on Market opportunity by Product ($ million)
Exhibits57: Chart on Application - Market share 2024-2029 (%)
Exhibits58: Data Table on Application - Market share 2024-2029 (%)
Exhibits59: Chart on Comparison by Application
Exhibits60: Data Table on Comparison by Application
Exhibits61: Chart on Land development - Market size and forecast 2024-2029 ($ million)
Exhibits62: Data Table on Land development - Market size and forecast 2024-2029 ($ million)
Exhibits63: Chart on Land development - Year-over-year growth 2024-2029 (%)
Exhibits64: Data Table on Land development - Year-over-year growth 2024-2029 (%)
Exhibits65: Chart on Harvesting - Market size and forecast 2024-2029 ($ million)
Exhibits66: Data Table on Harvesting - Market size and forecast 2024-2029 ($ million)
Exhibits67: Chart on Harvesting - Year-over-year growth 2024-2029 (%)
Exhibits68: Data Table on Harvesting - Year-over-year growth 2024-2029 (%)
Exhibits69: Chart on Sowing and planting - Market size and forecast 2024-2029 ($ million)
Exhibits70: Data Table on Sowing and planting - Market size and forecast 2024-2029 ($ million)
Exhibits71: Chart on Sowing and planting - Year-over-year growth 2024-2029 (%)
Exhibits72: Data Table on Sowing and planting - Year-over-year growth 2024-2029 (%)
Exhibits73: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits74: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits75: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits76: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits77: Market opportunity by Application ($ million)
Exhibits78: Data Table on Market opportunity by Application ($ million)
Exhibits79: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits80: Impact of drivers and challenges in 2024 and 2029
Exhibits81: Overview on criticality of inputs and factors of differentiation
Exhibits82: Overview on factors of disruption
Exhibits83: Impact of key risks on business
Exhibits84: Companies covered
Exhibits85: Company ranking index
Exhibits86: Matrix on companies position and classification
Exhibits87: AGCO Corp. - Overview
Exhibits88: AGCO Corp. - Business segments
Exhibits89: AGCO Corp. - Key news
Exhibits90: AGCO Corp. - Key offerings
Exhibits91: AGCO Corp. - Segment focus
Exhibits92: SWOT
Exhibits93: Argo Tractors SpA - Overview
Exhibits94: Argo Tractors SpA - Product / Service
Exhibits95: Argo Tractors SpA - Key offerings
Exhibits96: SWOT
Exhibits97: Beri Udyog Pvt Ltd - Overview
Exhibits98: Beri Udyog Pvt Ltd - Product / Service
Exhibits99: Beri Udyog Pvt Ltd - Key offerings
Exhibits100: SWOT
Exhibits101: Bucher Industries AG - Overview
Exhibits102: Bucher Industries AG - Business segments
Exhibits103: Bucher Industries AG - Key offerings
Exhibits104: Bucher Industries AG - Segment focus
Exhibits105: SWOT
Exhibits106: CLAAS KGaA mBH - Overview
Exhibits107: CLAAS KGaA mBH - Product / Service
Exhibits108: CLAAS KGaA mBH - Key news
Exhibits109: CLAAS KGaA mBH - Key offerings
Exhibits110: SWOT
Exhibits111: CNH Industrial NV - Overview
Exhibits112: CNH Industrial NV - Business segments
Exhibits113: CNH Industrial NV - Key offerings
Exhibits114: CNH Industrial NV - Segment focus
Exhibits115: SWOT
Exhibits116: Daedong Corp. - Overview
Exhibits117: Daedong Corp. - Product / Service
Exhibits118: Daedong Corp. - Key news
Exhibits119: Daedong Corp. - Key offerings
Exhibits120: SWOT
Exhibits121: Deccan Farm Equipments Pvt. Ltd. - Overview
Exhibits122: Deccan Farm Equipments Pvt. Ltd. - Product / Service
Exhibits123: Deccan Farm Equipments Pvt. Ltd. - Key offerings
Exhibits124: SWOT
Exhibits125: Deere and Co. - Overview
Exhibits126: Deere and Co. - Business segments
Exhibits127: Deere and Co. - Key news
Exhibits128: Deere and Co. - Key offerings
Exhibits129: Deere and Co. - Segment focus
Exhibits130: SWOT
Exhibits131: Escorts Ltd. - Overview
Exhibits132: Escorts Ltd. - Business segments
Exhibits133: Escorts Ltd. - Key offerings
Exhibits134: Escorts Ltd. - Segment focus
Exhibits135: SWOT
Exhibits136: International Tractors Ltd. - Overview
Exhibits137: International Tractors Ltd. - Product / Service
Exhibits138: International Tractors Ltd. - Key offerings
Exhibits139: SWOT
Exhibits140: ISEKI and Co. Ltd. - Overview
Exhibits141: ISEKI and Co. Ltd. - Product / Service
Exhibits142: ISEKI and Co. Ltd. - Key offerings
Exhibits143: SWOT
Exhibits144: JCBLGroup - Overview
Exhibits145: JCBLGroup - Product / Service
Exhibits146: JCBLGroup - Key offerings
Exhibits147: SWOT
Exhibits148: Mahindra and Mahindra Ltd. - Overview
Exhibits149: Mahindra and Mahindra Ltd. - Business segments
Exhibits150: Mahindra and Mahindra Ltd. - Key news
Exhibits151: Mahindra and Mahindra Ltd. - Key offerings
Exhibits152: Mahindra and Mahindra Ltd. - Segment focus
Exhibits153: SWOT
Exhibits154: Tractors and Farm Equipment Ltd. - Overview
Exhibits155: Tractors and Farm Equipment Ltd. - Product / Service
Exhibits156: Tractors and Farm Equipment Ltd. - Key offerings
Exhibits157: SWOT
Exhibits158: Inclusions checklist
Exhibits159: Exclusions checklist
Exhibits160: Currency conversion rates for US$
Exhibits161: Research methodology
Exhibits162: Information sources
Exhibits163: Data validation
Exhibits164: Validation techniques employed for market sizing
Exhibits165: Data synthesis
Exhibits166: 360 degree market analysis
Exhibits167: List of abbreviations

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