Market Size of India Agricultural Irrigation Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Agricultural Irrigation Machinery Market Analysis
The Indian Agricultural Irrigation Machinery market is projected to register a CAGR of 5.3% during the forecast period.
- Water scarcity being the major concern in the current agricultural scenario is the foremost driving factor for the growth of this sector followed by the awareness about the micro-irrigation system, and the need for high productivity to meet the food demand due to the increased population. According to the press released by the Ministry of Agriculture and Farmer's Welfare, 2021, the net irrigated area in the country is 68,649 thousand hectares. The agricultural land covered under micro-irrigation is 12,908.44 thousand hectares.
- Microirrigation system contributes around 18-20% of the total irrigation, consisting of both drip irrigation and sprinkler irrigation systems. States like Karnataka, Gujrat, Andhra Pradesh, Rajasthan, Maharashtra, and Haryana are some major states utilizing micro-irrigation systems attributed to the large cultivable area and area under irrigation. The Indian micro-irrigation market is highly competitive, with large and small-scale drip and sprinkler irrigation equipment producers and marketers across numerous states in India. Current agricultural scenario water scarcity has been a major challenge in India and is, thereby, a critical driver for the use of micro-irrigation machinery systems.
- India faces typical water issues, primarily due to population growth and lack of availability of quality water, the demand for agricultural irrigation machinery is rapidly increasing in India. The irrigation machinery market in India is a high-volume and highly competitive space. The growth of the market has been consistent and is particularly high in the regions of Maharashtra, Andhra Pradesh, Gujarat, Karnataka, and Tamil Nadu. The impact of using drip irrigation is well perceived in the country due to the various political and social awareness campaigns that have promoted the technology in the country.
