Who are the popular Agriculture Equipment Manufacturing Companies in India?

profile picture BookMyCrop Mar 01, 2022

Agriculture is important for economic development and agricultural equipment support, but it is also a hindrance to enhancing the agricultural sector's performance. In rural India, labour scarcity is a reality, and farmers bear the brunt of it. Farmers were introduced to tools, low-cost machinery, and farm equipment, which attempted to lessen their reliance on labour. In the next days, farming activities in India will become increasingly mechanised, and the availability, quality, and performance of agricultural equipment will have an increasing impact on the agricultural sector's output and productivity.

Due to rising food demand, the agricultural machinery and equipment market is quickly expanding. Increasing rates of mechanisation in developing countries are also driving it. Increased agricultural investments, as well as government, pushes for farm mechanisation, have been the driving forces behind the rise in farm mechanisation in India. Over the projected period, the Asia Pacific area is expected to grow fast due to increased demand for agricultural equipment, particularly from India

In 2011, the percentage of agriculture mechanisation in India was 54.80%, and in 2013, it was 59%. The rise of large-scale bespoke hiring service businesses in agricultural machinery has resulted in an increase in farm mechanisation. Furthermore, according to the World Bank statistics, the Asia Pacific region's overall population is expected to reach 4.17 billion in 2030.

In India's agricultural equipment market, there are two segments:

  1. Heavy Agricultural Machinery (HAM)
  2. Light Agri Machinery (LAM)

The established market's major products, however, are tractors, tractor-driven equipment, and power tillers. Agri-machinery has a large market in India because farming is the primary source of income for the majority of the population. When it comes to HAM, there are a lot of prominent players, but when it comes to LAM, there are very few.

Companies in the HAM market:

  1. HMT Limited
  2. Swaraj
  3. International Tractors Limited (Sonalika)
  4. Eicher Tractors
  5. L&T John Deere Private Limited
  6. Bajaj Tempo Limited
  7. GroMax Tractors

Companies in the LAM market:

  1. Greaves Cotton Limited
  2. Bengal Tools Limited
  3. Southern Agro Engines
  4. VST Tillers Tractors Limited
  5. KAMCO Limited
  6. Kirloskar Private Limited
  7. Honda

Latest Blogs

India's Top 10 Agro-based Industries in 2023

India has been at the forefront of the agro-based industry than ...


The Role of Technology in Modern Agriculture

Agriculture is no exception to the fact that technology has ent ...


Top 5 differences between Traditional farming and modern farming

Over time, agriculture has seen considerable changes, moving fr ...


A Future of Sustainable Food: Exploring Alternative Protein Sources

Finding sustainable methods to meet our dietary demands is more ...


Indian Walnut Farming: Popular Varieties & Growing Advice

Indian walnut farming, often referred to as akhrot farming, is ...