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The Indian Agriculture Engines Market size stood at over one million units in 2019 and is expected to continue growing over the next five years on account of continuous government support to the country’s agriculture sector majorly through subsidies, easy financing options and growing nationwide consumption and export of agriculture machinery such as tractors, power tillers, etc., coupled with increasing number of educated farmers across the country. Moreover, presence of several reputed national and multinational farm equipment manufacturers, production facilities and growing farm mechanization rate in the country is expected to positively influence the growth of the Indian Agriculture Engines Market during the forecast period.Speak directly to the analyst to clarify any post sales queries you may have.
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The Indian Agriculture Engines Market can be segmented based on fuel type, power, end-use and region. Based on end-use, the Indian Agriculture Engines Market can be segmented into tractors, pumpset, power tillers, rotavator, thresher and others. Among these, the tractor segment was the largest segment by volume in 2019 and is expected to dominate the market during the forecast period as well on account of huge sales volume, growing production and export of tractors. Moreover, increasing consumer preference for engines having more power with less fuel consumption rate and lower cost has triggered the demand for more focused research and development programs for manufacturing such agriculture engines in India, which is expected to supplement the market growth during the forecast period. Based on fuel type, the market can be segmented into diesel and petrol. Among these, the diesel engines segment held the largest market share in the Indian Agriculture Engines Market until 2019 and is further anticipated to hold its dominance during the forecast period as well on the back of lower price in comparison to petrol and easy availability within the country. Moreover, consumers prefer diesel engines due to the advantages they offer such as ability to generate, high torque and high power.
In terms of regional analysis, the market has been segmented into North, East, West and South regions. Among these, West region accounted for the highest share in the country’s agriculture engines market in 2019 due to pre-existence of major agriculture engine manufacturing facilities in the region such as John Deere, Mahindra & Mahindra, New Holland, etc. Moreover, growing number of agricultural activities due to adoption of sustainable agricultural practices by the farmers as well as surging use of farm equipment and machinery is further anticipated to boost the demand for agriculture engines in the country’s west region in the coming years.
However, factors such as introduction of BS IV/Euro IV mandates in the Indian agriculture industry to be implemented from November 2020 coupled with the economic slowdown triggered by the outbreak of novel coronavirus in the country, is affecting the country’s agriculture and machinery market, thereby directly impacting the Indian Agriculture Engines Market. Nevertheless, it is anticipated that the market and the Indian economy will recover from this setback over the course of next few years.
Major players operating in the Indian Agriculture Engines Market include Mahindra & Mahindra Limited, Simpson & Company Limited, Kirloskar Oil Engines Limited, Greaves Cotton Limited and others which include John Deere India Private Limited, Toyota Kirloskar Motor Pvt Ltd, Escorts Limited, International Tractors Limited, etc. The companies operating in the market are investing in research and development to come up with improved product offerings. Moreover, strategic moves such as mergers and collaborations are also helping the key players to magnify their customer base and expand their sales & distribution networks.
Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2025
Objective of the Study:
- To analyze and forecast the Indian Agriculture Engines Market size.
- To classify and forecast the Indian Agriculture Engines Market based on fuel type, power, end-use, and region.
- To identify drivers and challenges for the Indian Agriculture Engines Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Agriculture Engines Market.
- To conduct pricing analysis for the Indian Agriculture Engines Market.
- To identify and analyze the profile of leading players operating in the Indian Agriculture Engines Market.
The author performed both primary as well as exhaustive secondary research for this study. Initially, researchers sourced a list of manufacturers across the country. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major players operating in agriculture engines market in India.
The author calculated the Indian Agriculture Engines Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Agriculture engine manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to agriculture engines market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as agriculture engines manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging the market opportunities.
Report Scope:
In this report, the Indian Agriculture Engines Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Fuel Type:
- Diesel
- Petrol
Market, By End-Use:
- Tractors
- Pumpset
- Power Tillers
- Rotavator
- Thresher
Market, By Engine Power:
- 5 – 75 HP
- 76 – 350 HP
Market, By Region:
- North
- East
- West
- South
Competitive Landscape
- Mahindra & Mahindra Limited
- Simpson & Company Limited
- Kirloskar Oil Engines Limited
- Greaves Cotton Limited
- Escorts Limited
- International Tractors Limited
- John Deere India Private Limited
- Kubota Agricultural Machinery India Pvt Ltd
- Yanmar Holdings Co., Ltd.
- Ashok Leyland Limited
Company Profiles: Detailed analysis of the major companies present in the Indian Agriculture Engines Market.
Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on India Agriculture Engines Market4. Executive Summary10. Market Trends & Developments11. Import-Export Analysis12. Pricing Analysis13. Policy & Regulatory Landscape14. India Economic Profile16. Strategic Recommendations
5. Voice of Customer
6. India Agriculture Engines Market Outlook
7. India Agriculture Diesel Engines Market Outlook (Volume)
8. India Agriculture Petrol Engines Market Outlook (Volume)
9. Market Dynamics
15. Competitive Landscape
Companies Mentioned
A selection of companies mentioned in this report includes:
- Mahindra & Mahindra Limited
- Simpson & Company Limited
- Kirloskar Oil Engines Limited
- Greaves Cotton Limited
- Escorts Limited
- International Tractors Limited
- John Deere India Private Limited
- Kubota Agricultural Machinery India Pvt Ltd
- Yanmar Holdings Co., Ltd.
- Ashok Leyland Limited