India Agriculture and Farm Machinery Market (2020-2026) | Size, Outlook, Industry, Value, Analysis, Forecast, Companies, Trends, Revenue, COVID-19 IMPACT, Growth & Share

India Agriculture and Farm Machinery Market are anticipated to witness growth during the forecast period 2020-26F backed by increasing government investments in the development of the agriculture sector, a spur in the easily available credit schemes by financial institutions, up gradations in the technology, and growth of precision farming. However, rising effects of the COVID-19 virus are likely to disturb agriculture activities in the country in the first few months of 2020 and are likely to hamper consumer spending which would restrain the growth of the India Agriculture and Farm Machinery market during 2020. 

According to 6Wresearch, India Agriculture and Farm Machinery Market are anticipated to witness growth during the forecast period 2020-26F. The Indian agriculture sector is facing an acute labor shortage owing to a large proportion of farm laborers shifting to cities for better employment opportunities backed by urbanization in cities. A reduction in the number of farm labors is instigating the adoption of farm machinery for the Indian agriculture sector to sustain the rising demand for food cultivation is further expected to benefit the growth of the agriculture and farm machinery market in the near future.

Various subsidies provided by the Government of India, State Agro Industries, State Governments, Farm Machinery Testing and Training Institutes (FMTTIs) coupled with loans provided to the farmers at low-interest rates by NABARD, are further expected to benefit the growth of India agriculture and farm machinery market in the coming years. Moreover, the Mahatma Gandhi National Rural Employment Guarantee Act along with a 25% subsidy provided by the central government on the purchase of agricultural equipment is further expected to trigger the growth of India agriculture and farm machinery market in the upcoming six years.

The India Agriculture and Farm Machinery report thoroughly covers the market by Horsepower rating and by the equipment. India Agriculture and Farm Machinery outlook report provides an unbiased and detailed analysis of the on-going India Agriculture and Farm Machinery trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Agriculture and Farm Machinery market is anticipated to witness growth during the forecast period 2020-26F backed by increasing government investments in the development of the agriculture sector, a spur in the easily available credit schemes by financial institutions, up gradations in the technology, and growth of precision farming. The Indian agriculture sector is facing an acute labor shortage owing to a large proportion of farm laborers shifting to the cities for better employment opportunities backed by urbanization in cities. A reduction in the number of farm labors is instigating the adoption of farm machinery for the Indian agriculture sector to sustain the rising demand for food cultivation. The increasing adoption rate of farm machinery is further, expected to benefit the growth of the agriculture and farm machinery market in the near future. Various subsidies provided by the Government of India, State Agro Industries, State Governments, Farm Machinery Testing and Training Institutes (FMTTIs) coupled with loans provided to the farmers at low-interest rates by NABARD, are further expected to benefit the growth of the Indian agriculture and farm machinery market in the coming years. Moreover, the Mahatma Gandhi National Rural Employment Guarantee Act along with a 25% subsidy provided by the central government on the purchase of agricultural equipment is further expected to trigger the growth of India agriculture and farm machinery market in the upcoming six years.

India Agriculture and Farm Machinery market are anticipated to register the strongest growth in the overall APAC Agriculture and Farm Machinery market owing to the strong agriculture sector in the country. Owing to only around 16% - 17% contribution of the agriculture sector towards the development of the country, there are considerable sales of Agriculture and Farm Machinery in the country. States such as UP, Bihar, Punjab, and Haryana are expected to register a significant increase in the deployment of agriculture machinery owing to the high involvement of the aforementioned states in agriculture. India Agriculture and Farm Machinery Market are anticipated to register significant growth projections during the forecast period 2020-26F backed by increasing government investments in the development of the agriculture sector in the India countries coupled with decent rebates and incentives initiated by the India central government for easy procurement of farm tractor. India Agriculture and Farm Machinery market is expected to register remarkable growth projections in the upcoming six years in the overall India Agriculture and Farm Machinery market owing to rising demand for food grains across the country coupled with growth and development of the agriculture sector. According to the World Bank, inadequate services and low financial resources are leading to migration of the rural population towards urban areas in search of a better livelihood and better employment opportunities and is creating a substantial decline in the manual farm labors and has turned out to be a serious matter of concern for the India countries. To maintain sound crop production and progressive development of the agriculture sector, the adoption of Agriculture and Farm Machinery is increasing across the India countries and would contribute towards sound growth of the India Agriculture and Farm Machinery market in the near future. 

Key Highlights of the Report:

• India Agriculture and Farm Machinery Market Overview
• India Agriculture and Farm Machinery Market Outlook
• India Agriculture and Farm Machinery Market Forecast
• India Agriculture and Farm Machinery Market Size and India Agriculture and Farm Machinery Market Forecast until 2025
• India Agriculture and Farm Machinery Market Share, By Equipment
• India Agriculture and Farm Machinery Market Share, By HP Range
• India Agriculture and Farm Machinery Market Share, By Region
• Historical Data of India Agriculture and Farm Machinery Market Revenues and Volume for the period, 2015-2018
• Market size and Forecast of India Agriculture and Farm Machinery Market Revenues and Volume until 2025
• Historical Data of India Agriculture and Farm Machinery Market Revenues and Volume, By Equipment, for the Period 2015-2018
• Market size and Forecast of India Agriculture and Farm Machinery Market Revenues and Volume, By Equipment, until 2025
• Historical Data of India Agriculture and Farm Machinery Market Revenues and Volume, By HP Range, for the Period 2015-2018
• Market size and Forecast of India Agriculture and Farm Machinery Market Revenues and Volume, By HP Range, until 2025
• Historical Data of India Agriculture and Farm Machinery Market Revenues and Volume, By Region, for the Period 2015-2018
• Market size and Forecast of India Agriculture and Farm Machinery Market Revenues and Volume, By Region, until 2025
• India Agriculture and Farm Machinery Market Drivers and Restraints
• India Agriculture and Farm Machinery Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• India Agriculture and Farm Machinery Market Opportunity Assessment
• India Agriculture and Farm Machinery Market Revenue Share, By Company
• India Agriculture and Farm Machinery Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

India Agriculture and Farm Machinery Market Report Covered:

The report provides a detailed analysis of the following market segments:

• By Equipment:
• Tractor
• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Combine Harvester
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Thresher
• Up to 30 HP
• 30.1 HP- 70 HP
• Pump
• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Above 200 HP
• Power Tiller
• Up to 30 HP
• 30.1 HP- 70 HP
• Rotavator
• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• Others