Pro
India Agricultural Equipment Market, By Function
| Label | OEM | Aftermarket |
|---|---|---|
| 2019 | 12731.03 USD Mn | 4748.72 USD Mn |
| 2020 | 12377.92 USD Mn | 4624.73 USD Mn |
| 2021 | 13075.73 USD Mn | 4893.6 USD Mn |
| 2022 | 13816.26 USD Mn | 5179.35 USD Mn |
| 2023 | 14606.84 USD Mn | 5484.82 USD Mn |
| 2024 | 15449.76 USD Mn | 5810.95 USD Mn |
| 2025 | 16345.73 USD Mn | 6158.11 USD Mn |
| 2026 | 17306.55 USD Mn | 6530.86 USD Mn |
| 2027 | 18327.05 USD Mn | 6927.36 USD Mn |
| 2028 | 19420.34 USD Mn | 7352.67 USD Mn |
| 2028 | 20585.68 USD Mn | 7806.69 USD Mn |
| 2028 | 21829.94 USD Mn | 8292.14 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The India Agricultural Equipment Market, By Sales Channel market is on a steady long-term growth path. Segment value stands at roughly USD 23837 Mn in 2026 and is projected to reach USD 30122 Mn by 2028 — a gain of about 26% over the forecast period, translating to a CAGR in the double digits.
- 2028: OEM accounts for 72% of the combined USD total across these 2 groups, the largest single share.
- What the regional split looks like (2026): OEM leads, holding roughly 73% of segment value — the single largest regional share. Aftermarket is the second-largest contributor.
- By 2028, OEM alone is expected to reach USD 21830 Mn, with Aftermarket at USD 8292 Mn.
Market Dynamics
2028: OEM accounts for 72% of the combined USD total across these 2 groups, the largest single share.
Aftermarket follows at 8.29B USD, 62% smaller than OEM.
OEM: 12.73B USD in 2019 to 21.83B USD by 2028, up 71%.
Aftermarket climbs from 4.75B USD (2019) to 8.29B USD (2028), a 75% gain.
Aftermarket grows fastest of the group, 75% from 2019 to 2028 — starting smaller doesn't mean staying smaller at this pace.
Add every series together and the total reaches 30.12B USD by 2028, 72% above the 2019 combined figure of 17.48B USD.
Reading A Multi-Series Chart
There are 2 separate series stacked into this one chart. Look at relative size and relative movement, not just whichever line sits highest.
Size and growth rate are two different questions here — a series can be small in absolute terms and still be growing the fastest of the group. Check both before drawing a conclusion.
Treat these values as a directional estimate of the India Agricultural Equipment market. They are most useful for comparing segments and regions against each other, and for spotting where demand is expected to build fastest.
The numbers here come from a market sizing model: historical revenue estimates up to the 2018 base year, then forecasts through 2028 using growth-rate assumptions for each segment. The underlying report explains the methodology in detail.
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Strategy & Business Development Director, Dogan Holding
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.