The India Agricultural Machinery Market Report is Segmented by Type (Tractors, Equipment, Irrigation Machinery, Harvesting Machinery, and More) and by End-User Farm Size (Smallholdings, Medium Farms, and More). The Market Forecasts are Provided in Terms of Value (USD).

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 reaching a value of USD 3041.07 Billion by 2034. The major market drivers include government incentives and increasing rural income.

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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.

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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 (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,

Get a comprehensive overview of agricultural equipment in India 2026 outlook. Discover market insights and trends shaping the industry.

In 2020, agriculture equipment sales dominated the Indian market with a total of ******* units sold. This value is expected to experience growth of about four percent to amount to ******* sales in 2021.

The global farm equipment market size is projected to grow from USD 120.39 billion in 2025 to USD 182.40 billion by 2033, exhibiting a CAGR of 5.33%.
Report Scope:

India's agricultural machinery market is booming, projected to reach $13.08 billion by 2025 with an 8.69% CAGR. Discover key drivers, trends, restraints, and leading companies shaping this dynamic sector. Explore market segmentation, regional data, and future growth potential.

Future Outlook and Projections for India Used Agricultural Equipment Market on the Basis of Volume Sales in Units, 2024-2029 The India used agricultural equipment market is projected to grow steadily by 2029, exhibiting a respectable CAGR of 7.5% during the forecast period. This growth is expected to be fueled by economic factors, increasing mechanization, and rising farmer confidence in the used equipment market. What Lies Ahead for the India Used Agricultural Equipment Market?

Agriculture Equipment Market in India based on Industry Size, Share, Growth, Statistics & Trends Analysis - Opportunities & Forecast, 2021-2028

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Agriculture Equipment Market Size 2024-2028

The agriculture equipment market size is forecast to increase by USD 66.53 billion at a CAGR of 6.05% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for labor-saving technologies as a result of the persistent labor shortage in the agricultural sector. This trend is driving the market as farmers seek to increase productivity and efficiency on their farms. Another key driver is the implementation of Artificial Intelligence (AI) in agriculture equipment, which is revolutionizing farming practices by enabling precision farming, automated crop monitoring, and real-time analysis of soil and weather conditions. Furthermore, the growing availability of rental agricultural equipment is providing farmers with flexible access to advanced technology and reducing the upfront costs of equipment ownership.
However, the market faces challenges such as high initial investment costs for advanced technology and the need for significant infrastructure upgrades to support the integration of AI in farming operations. Additionally, regulatory compliance and data security concerns pose challenges for market players, requiring them to invest in robust IT systems and adhere to strict data privacy regulations. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on developing innovative solutions that address the specific needs of farmers, while also ensuring compliance with regulatory requirements and maintaining strong cybersecurity measures.

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The market continues to evolve, driven by advancements in technology and shifting farming practices. Commercial farms and small-scale operations alike embrace precision agriculture technology, integrating GPS guidance, variable rate application, and satellite imagery for optimized crop production. Organic farming practices gain traction, with the adoption of no-till farming and conservation tillage promoting soil health and sustainability. Remote sensing and agricultural robotics revolutionize land management, enabling real-time crop health monitoring and emissions reduction. Irrigation systems and crop science advancements contribute to increased farm efficiency and food security. The dealer network adapts to these changes, offering financing options and parts and service for the latest equipment.
Farm labor and agricultural finance remain crucial components, with farm management software streamlining operations and agricultural research driving innovation. Sustainable farming practices, including sustainable agriculture and sustainable farming practices, gain importance in the face of evolving regulations and consumer demand. Emissions reduction and fuel efficiency are key concerns, with the integration of machine learning and artificial intelligence in agricultural development. The ongoing unfolding of market activities reveals a dynamic industry that seamlessly integrates crop science, farm efficiency, and agricultural research to meet the needs of modern farming operations.

How is this Agriculture Equipment Industry segmented?

The agriculture equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Tractors
  Harvesters machinery
  Planting equipment
  Others


Product Type

  Manual
  Automatic
  Semi-automatic


Application

  Land Development
  Crop Cultivation
  Harvesting
  Post-Harvest Processing


End-User

  Large-Scale Farms
  Small and Medium Farms
  Agricultural Cooperatives


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The tractors segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant trends as farmers adopt advanced technologies to enhance crop health monitoring, comply with agricultural regulations, and improve weather forecasting for optimal land management. Small farms are increasingly adopting precision agriculture practices, including variable rate application, GPS guidance, satellite imagery, and conservation tillage, to boost farm efficiency and reduce emissions. Commercial farms are investing in large-scale equipment for planting, harvesting, and irrigation systems, while family farms focus on sustainable agriculture practices, such as organic farming and crop rotation, to maintain farmland values and promote food security.

Explore the dynamic global Farm Equipment Market analysis, detailing a projected USD 16.73 billion valuation with an 8.50% CAGR. Discover key growth drivers, emerging trends in smart farming, market restraints, and regional opportunities from 2019-2033. Key drivers for this market are: Threat of Water Scarcity, Favorable Government Policies and Subsidies. Potential restraints include: High Initial Capital Investments. Notable trends are: Increasing Focus on Farm Mechanization.

The Farm Equipment Market size was valued at USD 16.73 Million in 2023 and is projected to reach USD 29.61 Million by 2032, exhibiting a CAGR of 8.50 % during the forecasts periods. Recent developments include: September 2022: New Holland Agriculture, a brand of CNH Industrial, launched the Blue Series SIMBA in the sub-30 HP compact tractor category in India. The tractor was unveiled as a member of the Blue Series lineup for the brand. It was made for specialized tasks like spraying, rotating, and inter-row cultivation in cotton, sugarcane, cotton fields, vineyards, and orchards., July 2022: Hinduja Group flagship Ashok Leyland released two tractors in the Indian market. The company stated it had released AVTR 4220 with 41.5 T GCW and AVTR 4420 with 43.5 T GCW in the tractor category. Ashok Leyland is the first company in India to launch tractors with 41.5 T gross combination weight (GCW) and 43.5 T GCW in a two-axle configuration., March 2022: At the Krishi Darshan Expo 2022 event in FMTTI Hisar, Erisha Agritech introduced their DarshTrek Electric Tractor, 50 HP Tractor, and 25 HP Tractor with 4x4 Agricultural Drone. The company stated that the Belarus Tractor 920.4 include an 84 HP engine, 4WD, a Rotavator, a Super Seeder, a Power Tiller, and a 6 Row Walk Behind Rice Transplanter.. Key drivers for this market are: Threat of Water Scarcity, Favorable Government Policies and Subsidies. Potential restraints include: High Initial Capital Investments. Notable trends are: Increasing Focus on Farm Mechanization.

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Powered Agriculture Equipment Market Size 2024-2028

The powered agriculture equipment market size is forecast to increase by USD 48.5 billion at a CAGR of 4.91% between 2023 and 2028.

The market is experiencing significant growth due to various factors. One key driver is the availability of loan programs from the government and financial institutions. These loans, which offer maximum loan amounts for the purchase of new tractors, combine harvesters, and other equipment, have encouraged farmers to invest in more efficient and productive machinery. Additionally, conservation loans, designed to support sustainable agricultural practices, have gained popularity among small farmers. Another trend is the rising deployment of smart agricultural practices and technologies for precision farming, which enables farmers to optimize resource usage and improve crop yields. In response to these trends, production facilities are expanding to meet the increasing demand for agricultural equipment. Furthermore, the need for working capital during agricultural downturns has led to the growing availability of rental agricultural equipment. These developments are enhancing the productivity and efficiency of farmers, making agriculture a vibrant sector In the US economy.

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The agriculture sector In the United States continues to evolve, with a growing emphasis on maximizing efficiency, productivity, and sustainability. Agriculture equipment plays a crucial role in this transformation, providing farmers with the tools necessary to optimize their operations and drive business growth. Family-sized farmers and commercial enterprises alike rely on a diverse range of agriculture equipment to manage their land, livestock, and farming techniques. From tractors and harvesters to advanced technologies that support precision farming, these investments are essential for maintaining operational efficiency and ensuring a successful production cycle.



Access to commercial credit from banks and lenders is vital for farmers looking to acquire new equipment or upgrade their existing fleet. Guarantees offered by these financial institutions can help farmers secure the necessary financing, enabling them to invest In the latest agriculture equipment and improve their overall business performance. Despite the benefits, the penetration of agriculture equipment In the U.S. Market remains relatively low. However, the increasing wages for labor and the need to minimize environmental impact are driving the demand for more efficient and sustainable farming solutions. Light-duty electric tractors and other advanced technologies are gaining popularity In the agriculture rental market.

How is this Powered Agriculture Equipment Industry segmented and which is the largest segment?

The research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Tractors
  Harvesting machinery
  Planting and fertilizing machinery
  Haying machinery
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  Middle East and Africa



  South America

By Product Insights

The tractors segment is estimated to witness significant growth during the forecast period.

In the agricultural sector, the implementation of advanced technology in farming practices, specifically the use of powerful tractors for precision farming, is gaining significant traction. These tractors, which include models with horsepower ranging from less than 35 to over 50, cater to various farm sizes. Small farms typically utilize tractors with a capacity of under 35 horsepower, while larger operations require medium and large tractors with capacities exceeding 50 horsepower. The agricultural industry is transforming, with a decreasing workforce and a growing emphasis on mechanization driving the demand for these tractors. Farmers seeking to upgrade their equipment can explore loan programs to finance their purchases.

Furthermore, conservation loans, for instance, offer maximum loan amounts to finance the acquisition of production facilities and working capital, which can include the purchase of new tractors and harvesters. During economic downturns, these financing options can be particularly beneficial for farmers looking to maintain efficiency and productivity on their farms. Overall, the adoption of powerful agriculture equipment, such as tractors, is essential for farmers to remain competitive and adapt to the evolving agricultural landscape.

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The tractors se

In India Farm Equipment Market, Large-scale farms are investing in high-capacity and multifunctional machinery to improve productivity.

India Agricultural Machinery Market size was valued at USD 14.2 Billion in 2024 and is expected to reach USD 28.9 Billion by 2032, growing at a CAGR of 9.2% from 2026 to 2032.

India Agricultural Machinery Market Drivers

Labor Shortages: A significant migration of the rural workforce to urban areas, coupled with government rural employment schemes, has created a scarcity of agricultural laborers. This compels farmers to adopt mechanization to maintain productivity. Government Support and Incentives: The Indian government actively promotes farm mechanization through subsidies, reduced import duties on agricultural machinery, and accessible financing schemes. Initiatives like the Sub-Mission on Agricultural Mechanization (SMAM) provide financial assistance for purchasing machinery and establishing custom hiring centers. Easy Access to Financing: The expansion of banking and microfinance institutions in rural India has made it easier for farmers to access credit for purchasing agricultural machinery. Rising Farm Incomes: Strong economic growth and increased agricultural productivity have led to higher income levels for rural households, enabling them to invest more in farm mechanization. Large Untapped Market: Despite recent growth, the penetration of tractors and other agricultural equipment remains relatively low in many parts of India, indicating significant potential for future expansion.

The Asia-Pacific Agricultural Machinery Report is Segmented by Product Type (Tractors by Horsepower and Type, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and Forage Machinery, Irrigation Machinery, and Other Types) and Geography (China, India, Japan, Australia, and Rest of Asia-Pacific). The Market Forecasts are Provided in Terms of Value (USD).

Asia Pacific Farm Equipment Market was valued at USD 117.52 billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.08% through 2029.

The India Agricultural Tractor Machinery Market Report is Segmented by Machinery Type (Plowing and Cultivating Machinery, Planting Machinery, Haying and Forage Machinery, Sprayers, and Other Types). The Market Forecasts are Provided in Terms of Value (USD).

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Farm Equipment Market Size 2024-2028

The farm equipment market size is valued to increase by USD 41.12 billion, at a CAGR of 5.47% from 2023 to 2028. Increasing adoption of precision farming technologies will drive the farm equipment market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 46% growth during the forecast period.
By Type - Manual segment was valued at USD 53.34 billion in 2022
By Product - Implement segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 50.44 billion
Market Future Opportunities: USD 41.12 billion
CAGR from 2023 to 2028 : 5.47%

Market Summary

The market is experiencing significant growth due to the increasing adoption of advanced technologies such as precision farming. This trend is driven by the need for higher operational efficiency, improved crop yields, and reduced environmental impact. One area of particular growth is the adoption of small tractors by small and private farm owners, including those in the agriculture sectors of vineyards and orchards. While the initial investment in acquiring farm equipment can be substantial, the long-term benefits include increased productivity, reduced labor costs, and improved compliance with regulations. For instance, a farm in the Midwest United States implemented a supply chain optimization strategy by investing in automated farm equipment.
This investment led to a 15% reduction in equipment downtime, translating to an annual cost savings of over USD50,000. The implementation of this technology also improved compliance with regulations related to food safety and labor laws, ensuring the farm's continued eligibility for lucrative contracts with major food retailers. As the agricultural industry continues to evolve, the adoption of advanced farm equipment will remain a key driver of growth and competitiveness.

What will be the Size of the Farm Equipment Market during the forecast period?

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How is the Farm Equipment Market Segmented ?

The farm equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Manual
  Semi automatic
  Automatic


Product

  Implement
  Combines
  Sprayer
  Baler


Geography

  North America

    US


  Europe

    France


  APAC

    Australia
    China


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The manual segment is estimated to witness significant growth during the forecast period.

The market encompasses a broad spectrum of technologies and tools, with agricultural mechanization at its core. Precision agriculture, fueled by smart farming sensors, agricultural drones, and weather forecasting models, is revolutionizing modern farming practices. GPS-guided machinery, harvesting equipment, autonomous tractors, and precision spraying technology are transforming farm operations, enhancing efficiency and reducing machinery downtime. Sustainable farming practices, such as irrigation systems and soil moisture sensors, promote optimal crop health and yield. Farm automation systems, crop management software, yield monitoring systems, and field mapping software facilitate data acquisition and sensor data integration. Agricultural robotics and livestock management systems streamline farm processes, while equipment utilization metrics and machinery maintenance scheduling optimize resource allocation.

Water resource management and fuel efficiency analysis contribute to sustainable farming strategies. Remote sensing technology and data analytics platforms enable variable rate technology and soil nutrient analysis, further boosting farm productivity. Despite the advancements in farm equipment technology, the manual segment remains critical, particularly in regions with low mechanized equipment penetration. Manual tools, such as hand plows, scythes, sickles, and manual seeders, are essential for small-scale farmers due to their affordability, ease of use, and adaptability.

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The Manual segment was valued at USD 53.34 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the Asia-Pacific region, the markets experience significant growth due to increasing government initiatives supporting sustainable agricultural practices. India is among

The India Agricultural Irrigation Machinery Market Report is Segmented by Type Into Sprinkler Irrigation, Drip Irrigation, and Pivot Irrigation and by Application Into Crop and Non-Crop. The Report Offers the Market Size and Forecasts for Volume in (units) and Value in (USD) for all the Above Segments.