Agricultural Machinery In India Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The India Agricultural Machinery Market Report is Segmented by Type (tractors (less Than 50 HP, 50 To 75 HP, 76 To 100 HP, 101 To 150 HP, Greater Than 150 HP), Equipment (plows, Harrows, Rotovators and Cultivators, Seed and Fertilizer Drills, and Other Equipment), Irrigation Machinery (sprinkler Machinery, Drip Irrigation, and Other Irrigation Machinery), Harvesting Machinery (combine Harvesters, Forage Harvesters, and Other Harvesting Machinery), and Haying and Forage Machinery (mowers and Conditioners, Balers, and Other Haying and Forage Machinery). The Report Offers Market Size and Forecast in Terms of Value (USD) for all the Abovementioned Segments.

Agricultural Machinery In India Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Agricultural Machinery Market Size

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India Agricultural Machinery Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 18.15 Billion
Market Size (2030) USD 27.29 Billion
CAGR (2025 - 2030) 8.50 %
Market Concentration High

Major Players

India Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Agricultural Machinery Market with other markets in Agriculture Industry

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Crop Protection

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Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

India Agricultural Machinery Market Analysis

The India Agricultural Machinery Market size is estimated at USD 18.15 billion in 2025, and is expected to reach USD 27.29 billion by 2030, at a CAGR of 8.5% during the forecast period (2025-2030).

  • India's agricultural sector is witnessing a surge in both production and demand. This upswing underscores the urgent need for farm mechanization, aimed at achieving output targets, optimizing input efficiency, and ensuring timely farm operations. In 2022, India set a record by producing 314.51 million tons of food grains. Yet, this impressive growth has come at a cost: rising input expenses and the depletion of natural resources, largely due to inefficient practices. Farm mechanization emerges as a solution, boosting productivity and comfort, and rendering agriculture more appealing to the younger generation. The India Brand Equity Foundation (IBEF) noted that India's mechanization rate for 2022-2023 stood at approximately 47%.
  • Farm mechanization plays a pivotal role in several government initiatives. These include the Rashtriya Krishi Vikas Yojana (RKVY), the Mission for Integrated Development of Horticulture, the National Mission on Oilseeds and Oil Palm, and the National Food Security Mission (NFSM). Due to these initiatives, the distribution of agricultural machinery surged from 32,678 units in 2021 to a remarkable 294,800 units in 2023, as reported by the Ministry of Agriculture and Farmers Welfare. Tractors have long been the backbone of India's agricultural machinery landscape, and government subsidies and programs have further accelerated their widespread adoption. 

India Agricultural Machinery Industry Overview

The Indian agricultural machinery market is consolidated, with the significant players occupying the maximum share of the market. Renowned players like Mahindra & Mahindra Ltd, CNH Industrial NV, Tractors and Farm Equipment Ltd, Escorts Group, and Sonalika are significant players in the Indian agricultural machinery market. New product launches, partnerships, and acquisitions are the major strategies that leading companies adopt. 

India Agricultural Machinery Market Leaders

  1. Mahindra & Mahindra Limited

  2. TAFE Motors and Tractors Limited

  3. International Tractors Ltd. (Sonalika)

  4. CNH Industrial N.V

  5. Deere & Company

  6. *Disclaimer: Major Players sorted in no particular order
India Agricultural Machinery Market Concentration
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India Agricultural Machinery Market News

  • August 2024: New Holland, a brand of CNH, launched the WORKMASTER 105 tractor in India. This 100+ horsepower (HP) model features a TREM-IV emission standard compliant engine, bringing advanced technology, quality, and performance to Indian customers. The tractor is equipped with an FPT Engine delivering 106 HP and includes features such as a 3,500 kg lift capacity, electro-hydraulic 4WD engagement, and an air-suspended seat with adjustable backrest.
  • September 2023: Swaraj Tractors, a rapidly growing brand in the country and part of the Mahindra Group, introduced a new range of tractors in the 40 to 50 HP category. The company offers a best-in-segment six-year warranty for these tractors.
  • April 2023: Mahindra Tractors, a division of Mahindra & Mahindra Ltd.'s (M&M) Farm Equipment Sector, has unveiled "OJA" as the brand name for its new range of future-ready tractors. The Mahindra OJA line will encompass four sub-tractor platforms including, Sub Compact, Compact, Small Utility, and Large Utility. This comprehensive range will include 40 models across various horsepower categories.

India Agricultural Machinery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Government Initiatives Promoting Adoption of Agriculture Machinery
    • 4.2.2 Increase in Agriculture Production
    • 4.2.3 Growing Agriculture Labour Shortage
  • 4.3 Market Restraints
    • 4.3.1 High Costs of Machinery
    • 4.3.2 Inadequate Training
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Tractors
    • 5.1.1.1 Less than 50 HP
    • 5.1.1.2 50 to 75 HP
    • 5.1.1.3 76 to 100 HP
    • 5.1.1.4 101 to 150 HP
    • 5.1.1.5 Greater than 150 HP
    • 5.1.2 Equipment
    • 5.1.2.1 Plows
    • 5.1.2.2 Harrows
    • 5.1.2.3 Rotovators & Cultivators
    • 5.1.2.4 Seed and Fertilizer Drills
    • 5.1.2.5 Other Equipment
    • 5.1.3 Irrigation Machinery
    • 5.1.3.1 Sprinkler Irrigation
    • 5.1.3.2 Drip Irrigation
    • 5.1.3.3 Other Irrigation Machinery
    • 5.1.4 Harvesting Machinery
    • 5.1.4.1 Combine Harvesters
    • 5.1.4.2 Forage Harvesters
    • 5.1.4.3 Other Harvesting Machinery
    • 5.1.5 Haying and Forage Machinery
    • 5.1.5.1 Mowers and Conditioners
    • 5.1.5.2 Balers
    • 5.1.5.3 Other Haying & Forage Machinery

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Deere & Company
    • 6.3.2 TAFE Motors and Tractors Limited
    • 6.3.3 International Tractors Ltd (Sonalika)
    • 6.3.4 Kubota Escorts Limited
    • 6.3.5 Mahindra & Mahindra Limited
    • 6.3.6 CNH Industrial N.V
    • 6.3.7 Force Motors Ltd
    • 6.3.8 VST Tillers Tractors Limited
    • 6.3.9 AGCO Corporation (Massey Ferguson)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Agricultural Machinery Industry Segmentation

Agricultural machinery is the mechanical structures and devices used in farming or other agricultural purposes. The India Agricultural Machinery Market is segmented by type (tractors (less than 50 HP, 50 to 75 HP, 76 to 100 HP, 101 to 150 HP, greater than 150 HP), equipment (plows, harrows, rotovators and cultivators, seed and fertilizer drills, and other equipment), irrigation machinery (sprinkler machinery, drip irrigation, and other irrigation machinery), harvesting machinery (combine harvesters, forage harvesters, and other harvesting machinery), and haying and forage machinery (mowers and conditioners, balers, and other haying and forage machinery). The report offers market size and forecast in terms of value (USD) for all the abovementioned segments.

Type Tractors Less than 50 HP
50 to 75 HP
76 to 100 HP
101 to 150 HP
Greater than 150 HP
Equipment Plows
Harrows
Rotovators & Cultivators
Seed and Fertilizer Drills
Other Equipment
Irrigation Machinery Sprinkler Irrigation
Drip Irrigation
Other Irrigation Machinery
Harvesting Machinery Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying and Forage Machinery Mowers and Conditioners
Balers
Other Haying & Forage Machinery
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India Agricultural Machinery Market Research FAQs

How big is the India Agricultural Machinery Market?

The India Agricultural Machinery Market size is expected to reach USD 18.15 billion in 2025 and grow at a CAGR of 8.5% to reach USD 27.29 billion by 2030.

What is the current India Agricultural Machinery Market size?

In 2025, the India Agricultural Machinery Market size is expected to reach USD 18.15 billion.

Who are the key players in India Agricultural Machinery Market?

Mahindra & Mahindra Limited, TAFE Motors and Tractors Limited, International Tractors Ltd. (Sonalika), CNH Industrial N.V and Deere & Company are the major companies operating in the India Agricultural Machinery Market.

What years does this India Agricultural Machinery Market cover, and what was the market size in 2024?

In 2024, the India Agricultural Machinery Market size was estimated at USD 16.61 billion. The report covers the India Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Agricultural Machinery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Agricultural Machinery Industry Report

Statistics for the 2025 India Agricultural Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Agricultural Machinery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.