
India Farm Agri Equipment Market Report and Forecast 2025-2034
Description
The India farm agri equipment market size reached a value of approximately USD 1130.67 Billion in 2024. The market is further expected to grow at a CAGR of 10.40% between 2025 and 2034. The major market drivers include government incentives and increasing rural income.
Key Trends in the Market
Farm agri equipment are the machines, tools, and devices that are used to provide aid in farming and other agricultural activities. These tools are used in farms for completing agricultural tasks in a faster, more efficient, and convenient manner. They can be used for agricultural activities of any scale and are available in a variety of sizes and price points.
The EMR’s report titled “India Farm Agri Equipment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Equipment
Rice transplanters ensure uniform transplantation of seedlings in soil, this in turn enables the seedlings to mature uniformly. Maintenance of adequate distance between the seedlings is also achieved with the help of rice transplanters, this ensures that each seedling gets the required amount of water and sunlight, and a healthy crop produce is obtained. Equipment such as tractors aid in uniform formation of seed beds, thus making farming operations convenient. With the growing demand for rice, supported by an increasing population and popularity of rice in various cultural cuisines, the demand for rice transplanters is increasing, bolstering the India farm agri equipment market.
Market Share by Application
The process of seed bed formation and land development can take days on end when performed manually, however with agri equipment this time is significantly reduced. Seed bed formation and land development is the first and the most crucial step in obtaining valuable agricultural produce. Proper seed beds and land development ensure that the required seed-soil contact is achieved, increasing the applications of the India farm agri equipment market in seed bed and land development. A seed bed ensures that the desired crop growth isn’t hindered due to weeds as well as proper allocation of soil nutrients and water. Optimum moisture range promotes necessary enzymatic reactions required for adequate plant growth.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India farm agri equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Escorts Kubota Ltd.
Escorts Kubota Ltd. was founded in 1960 and is headquartered in Faridabad, Haryana. It is a leading player in construction, agri-machinery, railway and material handling equipment and auto-components. Till date they’ve manufactured over 1 million tractors, 16,000 material handling and construction equipment, and over 5 million auto-components.
Mahindra & Mahindra Ltd.
Mahindra & Mahindra Ltd. was established in 1945 and is based in Mumbai, Maharashtra. It is an automotive manufacturing corporation that provides a wide range of products for domestic as well as international markets. Mahindra and Mahindra is a part of the Mahindra Group and is one of the largest vehicle manufacturers in India.
Tractor and Farm Equipment Ltd
Tractor and Farm Equipment Ltd is an agricultural machinery manufacturer that is headquartered in Chennai, Tamil Nadu and was founded in 1960. By volume they are the second largest tractor manufacturers in India and third largest in the world. Tractor and Farm Equipment sells over 180,000 tractors annually.
Other market players include VST Tillers and Tractors Ltd., John Deere India Private Ltd., Greaves Cotton Ltd., and Action Construction Equipment Ltd., among others.
Key Trends in the Market
Farm agri equipment are the machines, tools, and devices that are used to provide aid in farming and other agricultural activities. These tools are used in farms for completing agricultural tasks in a faster, more efficient, and convenient manner. They can be used for agricultural activities of any scale and are available in a variety of sizes and price points.
- The decline in the use of human resources and animals in the agricultural sector has increased the demand for farm agriculture equipment in India. The migration of rural youth to urban cities has been the driving force behind this shift. Migration has led to a lack of availability of cheap labour in rural regions, this has opened wide opportunities for the India farm agri equipment market growth.
- Increased availability of credit to invest in agricultural equipment with the aid of several microfinance institutes is expected to boost the market growth. The improved availability of credit enables more end users to purchase and invest in farm agriculture equipment.
- As the major farming population falls under the economically weaker segments, establishment of various loan waiver schemes for all income category farmers alongside inflating income levels for farmers is projected to further strengthen the India farm agri equipment market.
- Adoption and acceptance of precision farming is expected to help the further growth of the market. With farmers focusing on increasing yield while reducing labour costs, farming agriculture equipment demand will likely surge.
The EMR’s report titled “India Farm Agri Equipment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Equipment
- Self-Propelled Machinery
- Sowing, Planting, Reaping, and Digging Equipment
- Harvesting & Threshing Equipment
- Tractor/Power Tiller Driven Equipment
- Rice Transplanter
- Others
- Up to 30 HP
- 31-60 HP
- 61-250 HP
- Others
- Fully Automatic
- Semi-Automatic
- Manual
- Land Development and Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Harvesting & Threshing
- Post-Harvest and Agro Processing
- Others
- Northern Region
- Southern Region
- Western Region
- Eastern Region
Rice transplanters ensure uniform transplantation of seedlings in soil, this in turn enables the seedlings to mature uniformly. Maintenance of adequate distance between the seedlings is also achieved with the help of rice transplanters, this ensures that each seedling gets the required amount of water and sunlight, and a healthy crop produce is obtained. Equipment such as tractors aid in uniform formation of seed beds, thus making farming operations convenient. With the growing demand for rice, supported by an increasing population and popularity of rice in various cultural cuisines, the demand for rice transplanters is increasing, bolstering the India farm agri equipment market.
Market Share by Application
The process of seed bed formation and land development can take days on end when performed manually, however with agri equipment this time is significantly reduced. Seed bed formation and land development is the first and the most crucial step in obtaining valuable agricultural produce. Proper seed beds and land development ensure that the required seed-soil contact is achieved, increasing the applications of the India farm agri equipment market in seed bed and land development. A seed bed ensures that the desired crop growth isn’t hindered due to weeds as well as proper allocation of soil nutrients and water. Optimum moisture range promotes necessary enzymatic reactions required for adequate plant growth.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India farm agri equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Escorts Kubota Ltd.
Escorts Kubota Ltd. was founded in 1960 and is headquartered in Faridabad, Haryana. It is a leading player in construction, agri-machinery, railway and material handling equipment and auto-components. Till date they’ve manufactured over 1 million tractors, 16,000 material handling and construction equipment, and over 5 million auto-components.
Mahindra & Mahindra Ltd.
Mahindra & Mahindra Ltd. was established in 1945 and is based in Mumbai, Maharashtra. It is an automotive manufacturing corporation that provides a wide range of products for domestic as well as international markets. Mahindra and Mahindra is a part of the Mahindra Group and is one of the largest vehicle manufacturers in India.
Tractor and Farm Equipment Ltd
Tractor and Farm Equipment Ltd is an agricultural machinery manufacturer that is headquartered in Chennai, Tamil Nadu and was founded in 1960. By volume they are the second largest tractor manufacturers in India and third largest in the world. Tractor and Farm Equipment sells over 180,000 tractors annually.
Other market players include VST Tillers and Tractors Ltd., John Deere India Private Ltd., Greaves Cotton Ltd., and Action Construction Equipment Ltd., among others.
Table of Contents
126 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 India Agriculture Sector Outlook
- 6 India Farm Agri Equipment Market Analysis
- 6.1 Key Industry Highlights
- 6.2 India Farm Agri Equipment Historical Market (2018-2024)
- 6.3 India Farm Agri Equipment Market Forecast (2025-2034)
- 7 India Farm Agri Equipment Market by Equipment
- 7.1 Self-Propelled Machinery
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Sowing, Planting, Reaping, and Digging Equipment
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Harvesting & Threshing Equipment
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Tractor/Power Tiller Driven Equipment
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Rice Transplanter
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 India Farm Agri Equipment Market by Engine Rating
- 8.1 Up to 30 HP
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 31-60 HP
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 61-250 HP
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 India Farm Agri Equipment Market by Automation
- 9.1 Fully Automatic
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Semi-Automatic
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Manual
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 10 India Farm Agri Equipment Market by Application
- 10.1 Land Development and Seed Bed Preparation
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Sowing & Planting
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Weed Cultivation
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Harvesting & Threshing
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Post-Harvest and Agro Processing
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Others
- 11 India Farm Agri Equipment Market by Region and States
- 11.1 Northern Region
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.1.3 Market Share by Leading 3 States
- 11.2 Southern Region
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.2.3 Market Share by Leading 3 States
- 11.3 Western Region
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.3.3 Market Share by Leading 3 States
- 11.4 Eastern Region
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 11.4.3 Market Share by Leading 3 States
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Escorts Kubota Ltd
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Mahindra & Mahindra Ltd
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Tractor and Farm Equipment Ltd
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 VST Tillers and Tractors Ltd
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 John Deere India Private Ltd
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Greaves Cotton Ltd
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Tirth Agro Technology Private Limited
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Landforce Group
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Khedut Agro
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Action Construction Equipment Ltd
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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