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Agricultural Machinery Market in India 2015-2019

Agricultural Machinery Market in India 2015-2019

About agricultural machinery

Agricultural machinery is used in various agricultural activities such as sowing, reaping, and application of fertilizers. Some of the key agricultural machinery includes tractor, power tiller, rotavator, and thresher.

Agriculture plays a major role in India's GDP as well as a source of employment. In the country, over 70% people depends on agriculture as the major source of income. According to the Central Statistics Office, National Statistical Organization, India, the agriculture and allied sector contributed 13.90% to GDP during 2013-2014 (at 2004-2005 constant prices).

Technavio's analysts forecast the agricultural machinery market in India to grow at a CAGR of 7.93% over the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the agricultural machinery market in India during the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following products:

  • Tractor
  • Rotavator
  • Power tiller
  • Thresher
Technavio's report, Agricultural Machinery Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the agricultural machinery market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
  • Deere
  • Mahindra & Mahindra
  • Sonalika (International Tractors)
  • Tractors and Farm Equipment (TAFE)
  • V.S.T. Tillers Tractors
Other prominent vendors
  • AGCO
  • Beri Udyog
  • CLAAS
  • CNH
  • Daedong Industrial
  • Escorts Group
  • Foton Lovol
  • Kubota
  • KUHN Group
  • LEMKEN
  • McCormick International
  • P?ttinger
  • SAME DEUTZ-FAHR Group
Key market driver
  • Rising population
  • For a full, detailed list, view our report
Key market challenge
  • Fluctuations in raw material prices
  • For a full, detailed list, view our report
Key market trend
  • Integration of robotic systems and GPS in agricultural machines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Agricultural Machinery Market in India 2015-2019

Technavio recognizes the following companies as the key players in the Agricultural Machinery Market in India: Deere, Mahindra & Mahindra, Sonalika (International Tractors), Tractors and Farm Equipment (TAFE) and V.S.T. Tillers Tractors

Other Prominent Vendors in the market are: AGCO, Beri Udyog, CLAAS, CNH, Daedong Industrial, Escorts Group, Foton Lovol, Kubota, KUHN Group, LEMKEN, McCormick International, Pöttinger and SAME DEUTZ-FAHR Group

Commenting on the report, an analyst from Technavio’s team said: “Due to the increase in the prices of conventional fuels and rising concerns of environmental pollution, farmers are considering alternative fuel options such as LNG, CNG, kerosene, vegetable oil, diesel, and propane, to power their machineries. For instance, New Holland developed a hydrogen powered tractor in 2011, NH², which emits oxygen and water. Another market trend is the adoption of bio-diesel tractors. Although this equipment is expensive, farmers adopting them because of benefits such as longevity of the engine, low operating costs, and reduced maintenance costs.”

According to the report, population in India has increased in 2014. According to the Australian Department of Agriculture, real value of agri-food demand in India is likely to rise between 2009 and 2050. End-users require efficient farm cultivation to cope with this increasing demand for food. Although the arable area has not increased in proportion to the demand for food, farmers are increasing the efficiency and speed of production by adopting advanced agricultural machinery to meet this demand.

Further, the report states that fluctuating prices of raw materials could lower their margins, affecting the overall market growth.

Companies Mentioned

Deere, Mahindra & Mahindra, Sonalika (International Tractors), Tractors and Farm Equipment (TAFE) and V.S.T. Tillers Tractors, AGCO, Beri Udyog, CLAAS, CNH, Daedong Industrial, Escorts Group, Foton Lovol, Kubota, KUHN Group, LEMKEN, McCormick International, Pöttinger, SAME DEUTZ-FAHR Group

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Global agriculture: An overview
    • Agricultural production
      • Table Growth in agricultural production 1997-2030 (per annum)
    • Global agricultural land
      • Table Global agricultural land 2010-2014
    • Global agricultural machinery market
      • Table Global agricultural machinery market by product 2014
  • Agriculture in India: An overview
    • Agriculture sector in India
      • Table Share of land for agriculture in India by use 1950-2011
    • Economic overview
      • Table GDP growth of agriculture and allied sector 1951-2014 (at constant 2004-2005 prices)
      • Table Share of agriculture and allied sector in overall GDP of India 2004-2013 (at constant 2004-2005 prices)
      • Table Overall GDP growth vis-à -vis GDP growth of agriculture and allied sector in India 2005-2013
    • Market overview
      • Table Various agricultural processes
      • Table Evolution of machines in agriculture sector in India
      • Table Power used in agriculture and allied sector in India 1971-2020 (kW/ha)
      • Table Levels of agricultural mechanization in tractors in APAC 2014 (hp/ha)
      • Table Share of major crops by area in India 2007-2014
      • Table Area, production, and yield statistics of food grains in India 2009-2012
      • Table Area, production, and yield statistics of oil seeds in India 2009-2012
      • Table Area, production, and yield statistics of sugarcane in India 2009-2012
      • Table Area, production, and yield statistics of cotton in India 2009-2012
  • Market landscape
    • Market overview
      • Table Population engaged in agriculture vis-à -vis farm mechanization
    • Market size and forecast
      • Table Agricultural machinery market in India 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Agricultural machinery market in India by Product
      • Table Agricultural machinery market in India by product
      • Table Agricultural machinery market in India by product 2014
      • Table Agricultural machinery market in India by product 2019
      • Table Agricultural equipment market in India by product 2014-2019 ($ millions)
      • Table Agricultural equipment market in India by product 2014-2019
    • Tractors market in India
      • Table Tractors market in India 2014-2019 ($ millions)
      • Table Sale of tractors in India by power rating 2014
      • Table Domestic sales and exports of tractors in India 2013 and 2014
      • Table Tractor sales in India by unit shipment 2014-2019 (thousands of units)
    • Rotovators market in India
      • Table Rotovators market in India 2014-2019 ($ millions)
    • Power tillers market in India
      • Table Power tillers market in India 2014-2019 ($ millions)
    • Threshers market in India
      • Table Threshers market in India 2014-2019 ($ millions)
      • Table Agricultural machinery market in India by product category 2014-2019 ($ millions)
      • Table Agricultural machinery market in India by product category 2014-2019
  • Market growth drivers
    • Table Rising population in India 1996-2014 (millions)
    • Table Expected annual growth rate of projected supply and demand for food items in India 2014 to 2026
    • Table Oil ($/barrels) and natural gas prices ($/millions Btu) January 2011-January 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Emissions by tractor engines in fieldwork
    • Table Number of cultivators and laborers in India (millions)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Market vendor analysis 2014
      • Table Mahindra & Mahindra: Global tractor sales volume FY2011-FY2015 (thousands of units)
    • Other prominent vendors
  • Key vendor analysis
    • Deere & Co.
    • Mahindra & Mahindra
    • Sonalika
    • TAFE
    • V.S.T Tillers Tractors
  • Other prominent vendors
    • AGCO
    • Beri Udyog
    • CLAAS
    • CNH Industrial
    • Daedong Industrial
    • Escorts Group
    • Foton Lovol
    • Kubota Tractors
    • KUHN Group
    • LEMKEN India
    • McCormick International
    • Pöttinger
    • SAME DEUTZ-FAHR
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