Indian agriculture equipment industry

Indian agriculture equipment industry. Farming contributes about 17% to India’s GDP, and about 60% of the country’s rural households depend on agriculture and its associated industries. Apr 28, 2022 · India is one of best agrarian countries. Kanpur. Farming contributes to about 17% of India’s GDP. INDIA FARM EQUIPMENT MARKET OVERVIEW 3. Jul 1, 2022 · These equipment profits are gaining a high crop yield in less time with minimum effort. Ginwala Advanced Farm Equipments Private Limited. 69% between 2023 and 2028. Read More. Vertical farming is the practice of growing several crops in vertically stacked layers. Oct 9, 2020 · The agriculture industry has radically transformed over the past 50 years. org today. 1 Trends of farm holding changes in India, 1983 to 2010/2011 7 Table 3. India Agricultural Equipment Market Introduction. 3% in forecast period. Good monsoon, minimum support price for the farmers, rural prosperity and availability of power are Gross value added from the crop industry in India from financial year 2012 to 2021 (in trillion Indian rupees) Premium Statistic Monthly income in agricultural rural households in India 2012-2019 Markets Covered. 6 million that were spread across 55 acres of land, which has helped in the expansion of Indian agriculture equipment market. 8% during the forecast period 2022-2027. 3,680 crore (US$ 500 million) in the next few years. Perhaps the most obvious is the ability to grow within urban environments and have fresher foods available faster and at lower costs. Agricultural exports constitute 10 percent of the country’s exports and is the fourth-largest exported principal commodity category in India. India’s agritech start-ups have been growing at 25% YoY. Rotovator. 8 million in 2020, and is expected to reach $12,700. The All-India Agricultural Machinery Manufacturers’ Association (AMMA-India) was established in the year 2010 on January 17 at the behest of Department of Agriculture and Cooperation (Mechanization and Technology Division), Ministry of Agriculture and Cooperation, Govt. Table 2. Of India represents the machinery manufacturers of agriculture and allied sectors. The increase in crop production and tractor sales resulted from favorable monsoon rains in 2019 and 2020, which helped the country to recover from the drought-induced low in 2017 and the COVID-19 pandemic. The agricultural sector in India serves as the foundation for a diverse range of industries, significantly impacting the nation’s economy. Premium Statistic Proposed investment value in agricultural Funding and Investment Activity. Mar 11, 2024 · 13- DeHaat. India's top agricultural machinery, including tractors, harvesters, and seeders, has transformed farming. Tractor is used in agriculture, construction, and logistics applications. India Agricultural Equipment Market has reached USD 10. Together, we do more than build equipment. Product Benchmarking 4. 9 Billion by 2032, exhibiting a CAGR of 10. The Global Agriculture Equipment Market Size was valued at $121. For instance, in 2020, the government inaugurated a mega food park in Punjab worth US$ 14. Tractors: Tractors are used for a variety of purposes in the agricultural sector. As per the 2014 FAO world agriculture statistics India is the world's largest producer of many fresh fruits like banana, mango, guava, papaya, lemon and vegetables like chickpea, okra and milk, major spices like chili pepper, ginger, fibrous crops such as Feb 6, 2024 · The "India Agricultural and Construction Equipment Market" is expected to grow at a high CAGR during the forecasting period (2024-2031). Agriculture refers to farming, which includes the cultivation of food and other crops, along with the rearing of animals to provide utilities like food, wool, and other essential products. Dec 11, 2019 · DUBLIN, Dec. As a market leader, we export innovative implements of International standards to 102 Countries. Delta Automobile & Equipment Ltd. The agriculture sector produces food, feed, fiber, and many other desirable products by cultivating certain plants and raising livestock. 9 billion in 2023, according to a recent report from the Tractor and Machinery Assn. 75 comprehensive market analysis studies and industry reports on the Agriculture Equipment sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 90% to reach USD 473. 03 billion in 2022. INDIA FARM EQUIPMENT MARKET EXECUTIVE SUMMARY 4. Furthermore, agriculture contributes 17% to the national GDP, supporting the sector’s continued resilience. 94 billion in 2024 and grow at a CAGR of 4. Start your search today! Jul 28, 2022 · Agricultural Statistics at a Glance 2021 2 MB Last updated : 28-07-2022, 12:31 PM The future of agriculture seems to involve much-developed technologies like robotics, temperature and moisture sensors, aerial images, and GPS technology. Feb 25, 2020 · Vertical Farming of latest agriculture technologies in India. One of the largest tractor manufacturers in the world and the second largest in India by volumes, TAFE sells over 200,000 tractors annually. India has remained one of the primary nations which fuelled the growth of the farm equipment market. 6. 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. Agricultural machinery for small farms in India - In India, the agriculture industry is enormous Aug 1, 2014 · The Indian agricultural equipment market includes a gamut of agricultural equipments that are manufactured and deployed in different activities across the value chain of the agriculture industry. The Economic Survey (2015–2016) categorically stressed the fact by making a statement that ‘Indian agriculture, is in a way, a victim of its own success, which over time is posing to be a major threat’. exports of agricultural equipment have grown Aug 5, 2022 · India is the second-largest market for agriculture equipment in the Asia Pacific region. Paddy Weeder. India’s rural ecosystem is large and growing steadily. Apr 30, 2023 · Explore the Best 10 Agricultural Equipment Manufacturers in India - Get companies detail, contact info, and more. 8 million by 2030, with a CAGR of 7. Rallis India Ltd. During 2021-22, the country recorded US$ 50. It uses advanced technology to monitor the operation of the equipment. Power Tiller. 65 billion. These include Tractors, Rotavators, Threshers, Power Tillers, Rice Transplanters, Self-propelled and Tractor-mounted Harvesters. Dec 23, 2020 · Among various technological development and intervention in Indian Agriculture, ‗Internet of Things' (IoT) is a revolutionary technology that represents future of communication and computing. Construction equipment is used in construction to Mar 2, 2024 · The Indian agricultural equipment market size reached INR 1,129. Mild Steel Paddy Wheel Set, For Agriculture. S. 2% CAGR (2023-2030) Agriculture Equipment Market Size. 2 billion in total agriculture exports with a 20% The Agriculture in India is expected to reach USD 372. Market Overview. Good animal husbandry practices have a multitude of benefits for . Lastly, the 4-Series, which includes the strongest farm equipment in Indo Farm’s range, includes models like the 4175 DI and the 4195 DI to May 16, 2024 · AGRICULTURE NEWS. Jan 1, 2020 · AEF (Agricultural Industry Electronics Foundation) is developing standardized tractor-implement interface, enhancing the usability of interchangeable electric implements and tractors. Explore innovations, trends, and the vibrant landscape of the agricultural industry in India. Agriculture profitability is strongly dependent on the agricultural equipment used, the infrastructure and the workforce. Here's a look at some of the leading agritech startups in India and their funding. To meet the growing demand for food for a populace country Awarding Body recognized by National Council of Vocational Education & Training (NCVET) The Indian farm equipment market is experiencing a rapid growth with strong potential for future growth. ), used Top Agriculture Stocks in India by Market Capitalisation: Get the List of Top Agriculture Companies in India (BSE) based on Market Capitalisation Sep 25, 2023 · Priyanka Pramanik Published on: 25 September 2023 17:00 PM. With the incremental use of technology and a shift to formalisation of the sector, organisations who can adhere to the regulatory and statutory requirements for the workers and at the same time have a closer connection with them across India are ideal Dec 9, 2023 · National Agro Industries. TAFE - Tractors and Farm Equipment Limited, is an Indian tractor major incorporated in 1960 at Chennai, India, with an annual turnover in excess of INR 12,500 crores. May 15, 2021 · Farming: The farming sector constitutes of plantation crops, cereals, vegetables, fruits, pulses and spices. India Agriculture Equipment Market size is projected to grow at a CAGR of 9. Oct 31, 2023 · The farm mechanization levels assessed by the Indian Council of Agricultural Research (ICAR) for major cereals, pulses, oil seeds, millets, and cash crops indicate that: The seedbed preparation operation is highly mechanized (more than 70%) for major crops. Indian Used Agricultural Equipment market grew at a CAGR of ~16. Harvesting and Threshing. Agriculture Nov 4, 2023 · It includes dairy, poultry, forestry, beekeeping, and sericulture. Indian Farming's Next Big Moment: Farming as a Service. In 2022-23, the agricultural exports from India stood at US$ 52. Feb 8, 2018 · Report. Mar 2, 2022 · Executive Summary. Mild Steel Farm Cultivator Adv Axles Agricultural Equipment, For Agriculture, Size: 45mm. Nuziveedu Seeds Limited. 3. Learn more about how we can help you! Making India a Global Power House on Farm Machinery Industry Page | 2 cent of this power came from tractors. Despite having the second-largest arable land parcel—its 160 million hectares make it Jul 26, 2021 · Nath Bio Genes Private Ltd. Over 58 percent of the rural households depend on agriculture as their principal means of livelihood, according to an IBEF report. The consolidated net profit of the company reached Rs. Jun 16, 2022 · Agriculture is one of the largest industries in India. Used tractors dominated the Used Agricultural Equipment in India, by volume sold, in FY’21 followed by used tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc. In Agricultural Machinery Market India is becoming more competitive as the HHI index in 2022 was 3242 while in 2017 Name – Ambber Innovations Pvt Ltd. Tractors and Farm Equipment Limited. Advances in machinery have expanded the scale, speed, and productivity of farm equipment, leading to more efficient cultivation of more land. 45% in value shipments in 2022 as compared to 2021 and an increase of 0. com. Value Chain of the Indian Agricultural Industry and Equipments Used for Different Applications. Looking forward, IMARC Group expects the market to reach INR 2,527. India Agricultural Equipment Market Segmentation by Type of Product, FY'2006-FY'2012. During the COVID-19 pandemic, the Chinese agricultural machinery market saw a sharp dip, and the most affected businesses were the dealership networks due to disruptions in the India Agricultural Machinery News. We bring the construction industry together. Comparative Analysis 4. This includes a detailed market research of 357 research companies, enriched with industry statistics, industry insights, and a 2. Agri being one of the primordial sectors in India has been one of the highest employment generators for the country. 6% from 2023 to 2032. The market is further expected to grow at a CAGR of 10. DeHaat is the largest agriculture startups in India, it is an application-based online platform for AI-enabled supply chain and consulting services. ₹ 3,250. INDIA FARM EQUIPMENT MARKET - MARKET FORCES 5. Top 5 Financials Analysis 5. India was the largest agriculture tractor market globally in 2021, with an overall sales volume of 614. It was made for specialized tasks like spraying, rotating, and inter-row The India - Agricultural Machinery Market size is forecast to increase by USD 6. The sector is forecast to attract more than Rs. 6% during 2022–27. 5. 10 million tonnes (MT) in 20 and reached 304. 81 billion in 2023 to $296. One of the key factors contributing to the market's growth is the increasing focus on sustainable agricultural practices. It currently constitutes the biggest segment of the Indian agriculture industry. Although farm mechanization in India has become quite popular in the states of Uttar Pradesh, Haryana, and Punjab, its usage is comparatively low M/S Kmt Overseas. PI Industries. Maintaining the agriculture growth momentum in the long run is not possible without a thrust on inclusiveness and sustainability. Over the years, the tractor industry in India has made significant progress in production, capacity addition and technol­ogy indigenization. 91 million) in the third quarter of FY24. Being an agriculture-dependent economy, India is home to countless agri equipment producers and suppliers. Dec 19, 2023 · Electrical equipment industry in India The electrical equipment industry is the biggest subsegment within the machinery industry. 5% during 2024-2032. These technologies improve efficiency, reduce labor, and enhance crop yield. But since we live in an age where the world is heading towards smart devices, the Indian agriculture industry is also not far behind. Different land preparation methods and different land preparation tools/equipment used for each crop. 25 billion by 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 5. In India, coal production stood at 729. 4% of the world’s total economic production. 5 billion by 2032, growing at a CAGR of 4. 5 billion in 2021. As the industry moves towards sustainability and efficiency, the agriculture equipment industry continues to grow. 5 thousand units. Chandak Enterprises. Agricultural Policy declaration, 4 per cent growth in agriculture is necessary to achieve 10 per cent GDP growth. 5% of U. But India is such country where very few farmers use farm implements for cultivation due to marginal farm size. carried forward the ‘Tayani Khasu’ Theme (which literally Sowing and Planting Equipment 8. The tractors account for the Equipment Required in Land Preparation for Rice Cultivation in India. View All News. Jan 9, 2024 · In FY 2023, India imported $37 billion of agricultural and related products from the world. A tractor is a vehicle usually available with one or two small wheels in front and two large wheels at the back. Top Agricultural Machinery Manufacturers in India - The Indian agricultural business is heavily reliant on agricultural equipment because it aids in boosting. National Steel & Agro Industries Ltd. AED provides training, education, research & industry insights to distributors of agricultural equipment. 1. Agricultural equipment is machinery used in farming or other agriculture. Dhanuka Agritech Limited. 2 billion in 2022, and is projected to reach $192. actively participated in the Annual Agri Expo, held at Lilongwe in Malawi, between 29th – 31st August 2023. See full list on mckinsey. 9% during 2019-25. Over the last few years, there has been a considerable progress in agriculture mechanization. Specialised farm machinery can also be popularised through CHC’s (Custom Hiring Centers), ensuring affordability and accessibility, driving the penetration of farm equipment among small & marginal farmers, thereby significantly contributing toward making the Indian agricultural sector and its farmers ‘Atmanirbhar’. India is ranked as the eighth largest global importer of agricultural and related products. It provides soil evaluation, yield estimation and consultancy services. 556 crore (US$ 66. This blog delves into the top 15 agro-based May 24, 2024 · Australian Ag Equipment Sales Reach $5. Jul 26, 2022 · The agriculture industry in India is driven by the escalating demand for agricultural products, expanding population, and implementation of supportive government initiatives. Over the last five years, the rural ecosystem has grown ~10% per annum (p. Agriculture Equipment Industry. Learn more about AEM. 9% from 2021 to 2030. It ranks second in the world for having the largest agricultural production. Market for agricultural equipment was estimated at between INR 500 to 525 billion in 2013-14, witnessing a growth of around 5% annually. India Agricultural Machinery Market registered a decline of -12. 11, 2019 /PRNewswire/ -- The 'India Agriculture Equipment Market (2019-2025): Market Forecast By Products, Harvesters, Threshers, Pum Menu icon A vertical stack of three evenly Agriculture Equipment Research. In 2020, agriculture equipment sales dominated the Indian market with a total of 810,000 units sold. Harvesting and threshing operation is the least mechanized (lower than 32%) for major 8 Agritech - towards transforming Indian agriculture Agritech - towards transforming Indian agriculture 9 01 What agriculture means to the Indian economy Agriculture contributes to 16% of India’s GDP Agriculture plays a vital role in the Indian economy, contributing ~16% (US$2,842 billion in 2018 at constant 2010 US$) to Apr 30, 2024 · Agriculture is impacted by a multitude of factors such as biodiversity loss, climate change, dead zones, irrigation problems, soil degradation, pollutants, deforestation, waste etc. However, non-tractor farm equipment plays a critical role in increasing automation in India’s agricultural fields. The Chinese agricultural machinery market is projected to record a CAGR of 5. 61 billion by 2030, at a CAGR of 7. 4 The level of farm mechanisation in India remains relatively low compared to the rest of the world at 40–45 per cent compared to that of the United States (95 per cent), Brazil (75 per cent) and China (57 per cent). India is the third-largest producer of coal. March 2023: TAFE introduced the groundbreaking MAGNATRAK series at the MAGNA Sugarcane Carnival in Belgaum, Karnataka, setting new industry standards. – +91-82644-08754. USD 286. Jun 28, 2020 · The decadal volatile agricultural growth in India seriously questions the sustainability of agriculture. Agriculture Equipment: Despite a strong growth in recent years, the penetration of tractors and a number of related equipment still remain relatively low in China Agricultural Machinery Market Analysis. Contact Supplier. 2. A device, component of a device, or attachment to a device that is primarily intended to be used for agricultural purposes is referred to as agricultural equipment. Agriculture Equipment Research. Challenges for Indian scenario. 50 billion. Advanta India Limited. 5 % by volume, and ~19. Indian farmer needs machinery that could fit in their budget and farm Mar 7, 2023 · The proposed investment value in the agricultural machinery sector in India for 2021, amounted to one billion rupees. Market Share Analysis 4. Aurangabad. Aug 2, 2017 · In India, farm mechanization is sometimes confused with “tractorization”. Mobile No. Patent Analysis 4. 1. John Deere India provides a wide range of reliable agriculture equipment and solutions. This, in turn, is driving the demand for hydraulic equipment that is extensively utilized all over the mining industry across several applications. In April-January 2024, the overall value of export of agricultural products stood at US$ 38. The rural economy contributed nearly half the nation’s overall GDP in 2019–2020 and employs 350 million people (68% of the total workforce). 5 billion (51 percent) from FY 2019. West India. Farms will be able to be more productive, efficient, safe, and environmentally sustainable owing to this cutting-edge equipment, robotic systems, and precision agriculture. of Australia. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence The increasing major investments in the Indian agriculture industry has pushed the agriculture sector in the country. New technologies in agriculture meet the growing demand for farm automation, digitalization, and sustainability. The growth rate of the market depends on several factors, such as the increasing government initiatives to support sustainable agricultural practices, the increasing availability of financing options for Mahindra’s Channel Partner, Delta Automobile & Equipment Ltd. Thematic and Industry Reports The India Employment Report 2017 Indian Agriculture: Challenges & Opportunities (2019) Finance Department Performance Benchmarks 2018-19 Diversity Underlying Unity: IMA India's Study on India's States 2018 The 2018-19 CXO Compensation Survey The India Consumption Report 2016 The 2018 Executive & Board Nov 22, 2019 · Agriculture plays a vital role in India’s economy. 1% by transaction value, during FY’16-FY’21. End User Profiling 4. For 125 years, we've developed connections, promoted technologies, and advocated for our shared interest. India Agricultural Equipment Market Size by Value and Volume. Agriculture accounts for around US$390 billion in the country. Rallis is one of the leading crop care companies with over 2300 distributors reaching around 40,000 retail counters across the country. From tractors to harvesters, enhance your farming operations now. Total Australian ag equipment sales were up 5% year-over-year to $5. 88 MT in 2021 (as of October 2020). 9 Billion in 2023. 67% CAGR in 2022 over a period of 2017. 23% during 2021-2027. Explore our data-driven industry research on the emering agriculture trends based on our analysis of 5200+ companies. The start-ups have raised more than Rs. 2 Distinct phases in the development path of farm machinery use in India, 1912-2017 4 Table 3. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the India Agricultural Machinery industry. India Agricultural Machinery Market Shipment Analysis. We build momentum. The tractor was unveiled as a member of the Blue Series lineup for the brand. This was three times the amount of funding raised in 2018. a. 4 Billion by 2032, exhibiting a growth rate (CAGR) of 9. Top Agricultural Tools Manufacturers in India – This page has the potential to end your search for the best agricultural machinery manufacturers in India. Market Jan 5, 2021 · To recover from the spreading economic crisis, farmers in India are increasingly adopting Farmer-as-a-Service (FaaS) models to address the emerging issues. Normally, this builds the pervasiveness of agricultural equipment carries out in the country. Sep 30, 2022 · Sep 30, 2022. As…. DuPont India is a subsidiary of DuPont, a global science and engineering company that provides a range of innovative solutions to industries, including agriculture. Emial – info@ambberinnovations. The expo organised by the Ministry of Agriculture was a well-attended event. Reaper. Discover the richness of Indian agriculture at IBEF's showcase. DuPont India. 6 Billion in 2023. 67 billion in 2023. When the Confederation of Indian Industry (CII) and McKinsey & Company started this joint journey For more information about our memberships, contact our Vice President of Sales, Jon Cruthers at 630-468-5127 or reach out over email at jcruthers@aednet. Above we share a list of top companies engaging in the manufacturing of Agricultural Machinery with their all-genuine information. 0% CAGR (2022-2030) Agriculture Tractor Market Size. India is one of the largest agricultural product exporters in the world. 1,840 crore (US$ 250 million) in venture funding in 2019. Agriculture in India - statistics & facts. This includes a detailed market research of 357 research companies, enriched with industry statistics, industry insights, and a An estimated 58% of India’s population depends on agriculture as the primary livelihood source. )—and still has strong headroom for growth. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF. Gujarat. Land preparation for crops is the most important task in the cultivation process for that crop. Address – Plot-416, Industrial Area Phase 1, Panchkula, Haryana- 134113 | Village Jhansala, Rajpura Chandigarh Road, Rajpura, Punjab 140401. Agriculture plays an essential role in the whole life of a given economy. The company’s operations cover several sectors, including electronics, transportation, construction, and agriculture. 3 Major farm machinery used and annual market size of farm machinery in India, India Agricultural Tractor News April 2023: Mahindra's farm equipment division partnered with the State Bank of India (SBI) to offer convenient loan options for tractors and farm machinery products. This offers several advantages. Fieldking, a Pioneer in the agricultural machinery manufacturing industry, was formed in 1978, with a mission to be a front runner in offering the innovative, user-friendly & environmentally sustainable farming solutions to farmers around the globe. 76 billion, at a CAGR of 8. This demand drives the market toward smart equipment embedded with sensors and data analytics, allowing for precise management of crops and resources. India has one of the highest number of people employed in these sectors. The market is expected to grow at a slower pace till 2022, however, the market would witness a good growth on account of the government initiatives which aims to double the farmers income in the country till 2025. Farm mechanization has made significant inroads in northern states like Punjab, Haryana and Uttar Pradesh. The global market for agricultural equipment has recorded massive growth in the last few years. 40% between 2024 and 2032. Bayer CropScience Limited. As the leading sector in terms of employment and contributing over 16 percent to the country’s GDP, agriculture in India is responsible for the May 13, 2024 · The global agriculture equipment market size is projected to grow from $180. There are many types of such material, from hand tools and power tools to tractors. The India tractor market size was valued at $7,540. The tractors, power tillers, combine harvesters and rice transplanters are some of the equipment for which a surge in demand has been seen in the past few years. This blog brings the motive of exploring some of the top-ranked agricultural equipment manufacturers in India. Plant Protection Equipment 9. Raghuvansh Agro Farms. com The India farm agri equipment market size reached a value of approximately USD 1130. Largest Market. The agricultural machinery industry or agricultural engineering In Turkey still 48% and in India 66. Agriculture Performance. Indian agriculture is also 6. The 3-Series, which offers a greater selection of farm equipment such the 3035 DI, 3040 DI, strong 3048 DI, high-performance 3055 DI, and heavy-duty 3090 DI, will suit farmers with a variety of needs. ₹ 7,800. India is predominantly an agrarian economy. 6. 24% through 2030. This report lists the top India Agricultural Machinery companies based on the 2023 & 2024 market share reports. 7 billion in 2021. Conclusion. 3. About 60% of India’s rural population depends on agriculture. INDIA FARM EQUIPMENT MARKET LANDSCAPE 4. This value is expected to experience growth of about four percent to amount to Worldwide employment In agriculture, forestry and fishing in 2021. The agriculture industry in India size reached INR 71,220 Billion in 2021. 8 Billion in 2023 and is expected to reach INR 227,059. 2. In the past 5 years, India’s imports have grown substantially, up by $12. USD 88. 2 Distribution of tractors across selected states in India, 1982 and 2012 8 Table 3. These trends include IoT, AI, precision farming, regenerative agriculture & more. Agriculture industry in India size reached INR 90,215. IMARC Group expects the Indian agricultural equipment market to grow at a CAGR of 10. 72 billion by 2029. The agriculture sector is the backbone of a country’s economic Mar 7, 2023 · 9. Looking forward, the publisher expects the market to reach INR 142,280 Billion by 2027, exhibiting a CAGR of 12. 5. 1% during 2024-2032. USD 155. Top 10 Agriculture Machinery in India: Powering Farming with the Latest Features in 2023. The major market drivers include government incentives and increasing rural income. The report offers latest trends, size, share, and industry overview. 4. May 15, 2024 | Posted in Ag Equipment Business, Data & Trends. yk jy cf yw df nd gf lg yv mu