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Farm Mechanization Market in India 2016-2020

  • Executive summary
    • Highlights
      • Table Farm power: India and US 2015 (%)
      • Table Projected demand for food in India per ha 2020 (MT)
  • Scope of the report
    • Scope of study
    • Vendor segmentation
    • Common currency conversion rates
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Average farm size and number of farmers in India 2015
  • Global agricultural sector: An overview
    • Agricultural production
      • Table Growth in agricultural production per annum 1997-2030 (%)
    • Global agricultural land
      • Table Global availability of agricultural land 2010-2014 (%)
    • Global agricultural machinery market
      • Table Share of agriculture in GDP, level of mechanization, and population engaged in agriculture by country 2014 (%)
      • Table Global agricultural machinery market by product 2015 (%)
  • Market landscape
    • Agricultural sector in India
      • Table Evolution of agriculture in India
      • Table Agriculture land in India by use 1950-2011 (%)
      • Table Land holding in India by size 1970-2011 (millions)
      • Table Major crops in India by area 2007-2014 (%)
      • Table Agricultural production 2010-2015 (millions of MT)
    • Economic overview
      • Table Power consumption by agriculture and allied sector in India 1971-2020 (kilowatt/ha)
      • Table Power availability in farms in India 1950-2013 (kilowatt/ha)
      • Table Farm power in India 1971-2013 (%)
    • Market size and forecast
      • Table Farm mechanization market in India 2015-2020 ($ billions)
      • Table Various processes in agriculture and machines used in each process
      • Table Machines in agricultural sector in India: Evolution
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Farm mechanization market in India by product
    • Tractor market in India
      • Table Tractor market in India by revenue 2015-2020 ($ billions)
      • Table Sale of tractors in India by HP 2014 (%)
      • Table Tractor market in India by volume 2015-2020 (thousands of units)
    • Harvester market in India
      • Table Harvester market in India by revenue 2015-2020 ($ millions)
      • Table Harvester market in India by volume 2015-2020 (thousands of units)
    • Power tiller market in India
      • Table Power tiller market in India 2015-2020 ($ millions)
      • Table Number of farm holdings in India 2000-2011 (millions)
      • Table Functionality of power tillers
    • Rice transplanter market in India
      • Table Rice transplanter market in India 2015-2020 ($ millions)
      • Table Rice production in India by state 2011-2012 (million)
    • Laser land leveler market in India
      • Table Laser land leveler market in India 2015-2020 ($ millions)
  • Market drivers
    • Table FDI equity inflow scenario in India April 2000-June 2015
    • Table Population in India 1955-2016 (millions)
    • Table Annual growth rate of supply and demand for food in India by food types 2015 (%)
    • Table Financial assistance for procurement of agricultural machinery and equipment
    • Table Farm power and productivity improvement in India 1950-2011
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Average selling price of farm equipment in India 2015 ($)
    • Table Emissions from tractor engines during fieldwork
    • Table Number of cultivators and laborers in India 1981-2011 (millions)
    • Table Workforce in India 2005-2020
    • Table Farm exports in India 2003-2015 ($ millions)
    • Table Tractor sales by top vendors 2013-2015 (thousands of units)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Tractor share by HP 2006-2015 (%)
  • Vendor landscape
    • Competitive scenario
    • John Deere
    • Mahindra
    • TAFE
    • International Tractors
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

About Farm Mechanization

The global farm mechanization market is largely dependent on agricultural land and farm output. Global agricultural production affects the market substantially as it grows in tandem with the demand for food. However, in various phases, the global agricultural production has slowed down in recent years as the demand for agricultural products has decreased. Recent environmental changes are also significantly affecting global agricultural production

Technavio’s analysts forecast the farm mechanization market in India to grow at a CAGR of 7.53% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the farm mechanization market in India for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of tractors, harvesters, power tillers, rice transplanters, and laser land levelers. The market is divided into the following segments based on product:

  • Harvester
  • Laser land leveller
  • Power tiller
  • Rice transplanter
  • Tractor
Technavio's report, Farm Mechanization Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • John Deere
  • Mahindra
  • TAFE
  • International Tractors
Other prominent vendors
  • AGCO
  • Beri Udyog
  • CLAAS
  • CNH Industrial
  • Daedong Industrial
  • Escorts Group
  • Fotol Lovol
  • Kubota Tractors
  • KUHN Group
  • LEMKEN India
  • McCormick
  • Pöttinger
  • SDF Group
Market driver
  • Growing demand-supply gap in agricultural sector
  • For a full, detailed list, view our report
Market challenge
  • Uncertainties in global market and weather conditions
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of tractors using alternative fuels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 – Farm Mechanization Market in India 2016-2020

Technavio recognizes the following companies as the key players in the farm mechanization market in india: John Deere, Mahindra, TAFE, and International Tractors.

Other Prominent Vendors in the market are: AGCO, Beri Udyog, CLAAS, CNH Industrial, Daedong Industrial, Escorts Group, Fotol Lovol, Kubota Tractors, KUHN Group, LEMKEN India, McCormick, Pöttinger, and SDF Group.

Commenting on the report, an analyst from Technavio’s team said: “Growing adoption of tractors using alternative fuels will be a key trend for market growth. Fuel and tractor technologies have evolved over the years, and tractors now utilize liquefied natural gas, compressed natural gas, kerosene, vegetable oil, diesel, and propane. Due to the rise in the price of conventional fuels and rising concerns over environmental pollution, farmers are shifting to alternative fuels to power farm machinery. Although bio-diesel tractors are expensive as bio-fuels are high priced, farmers are increasingly preferring them as they provide lower operating costs due to longer life span of fuel engines and low maintenance. Vendors are extensively investing in R&D to manufacture tractors that can run on alternative fuels. New Holland, for instance, presented a hydrogen-powered model, NH2 that emits oxygen and water.”

According to the report, growing demand-supply gap in agricultural sector will be a key driver for market growth. Population growth is one of the major drivers of the food demand in India. The population of India has increased from 930 million in 1996 to about 1.29 billion in 2015. According to the research conducted by the Australian Department of Agriculture, the real value of agri-food demand in India will rise by 136% in 2009-2050. The demand for food has increased with the increase in population. However, the area of arable land has not increased in proportion to the rise in the demand for food. So, farmers are trying to increase efficiency and accelerate production by adopting advanced agricultural machinery and efficient farm cultivation techniques to meet the increased demand for food.

Further, the report states that the high costs of equipment will be a challenge against the market growth. Farm equipment, especially the energy-efficient equipment, is capital intensive and constitutes a major investment for farmers in India. The majority of the farmers in India belong to the low-income bracket, and more than 80% of the farmers own marginal to small farm. These farmers do not have the financial capability to buy heavy and technologically advanced machines or to buy them by loaning capital. So, around 90% of the tractors sold in India are bought via the assistance of various financial institutions.

Companies Mentioned

John Deere, Mahindra, TAFE, International Tractors, AGCO, Beri Udyog, CLAAS, CNH Industrial, Daedong Industrial, Escorts Group, Fotol Lovol, Kubota Tractors, KUHN Group, LEMKEN India, McCormick, Pöttinger, SDF Group.

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