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India Tractor Market - Industry Analysis & Forecast 2022-2028

  • ID: 5557794
  • Report
  • March 2022
  • Region: India
  • 192 Pages
  • Arizton
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

FEATURED COMPANIES

  • AGCO
  • CNH Industrial
  • Escorts
  • Indo Farm
  • Mahindra Tractors
  • SDF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

India was the largest agriculture tractor market globally in 2021, with an overall sales volume of 614.5 thousand units. 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 shipments are expected to grow at a CAGR of 5.78%

MARKET GROWTH ENABLERS

  • Augmented Financial Support to Farmers Through Loans And Subsidies
  • Growth In Agricultural Productivity and Exports
  • Migration To Cities Leading to Labor Shortage

SEGMENTATION ANALYSIS


Tractors in the power range of 41-60 HP are likely to be the largest contributors to the growth of the tractors industry in India. The agriculture tractor market in India is dominated by 2WD tractors, which account for approximately 99% of the overall market.

Segmentation by Horsepower

  • Less Than 20 HP
  • 20-40 HP
  • 41-60 HP
  • 61-100 HP
  • Above 100 HP

Segmentation by Drive Type

  • 2-Wheel-Drive
  • 4-Wheel-Drive

GEOGRAPHICAL ANALYSIS


In terms of zones, the northern and western states have reportedly shown a higher demand for agriculture tractors than the southern and eastern parts of the country. Also, the states in the north zone of the country have a higher level of mechanization than any other part of the country. Hence, the market can be considered to move toward saturation in the north zone. Therefore, the strong demand for agriculture tractors is expected to come from the southern part of the country.

VENDOR ANALYSIS


In terms of units sold, Mahindra and TAFE were the two largest tractor manufacturers in 2020. Mahindra was the highest-selling tractor in the country, with more than 300 thousand tractors sold in 2020.

Key Vendors

  • Mahindra Tractors
  • TAFE
  • Escorts
  • International Tractors (Sonalika)
  • Deere & Company
  • CNH Industrial

Other Prominent Vendors

  • SDF
  • Kubota
  • Action Construction Equipment (ACE)
  • Indo Farm
  • Captain Tractors
  • Force Motors
  • VST Tillers Tractors
  • Preet Group
  • Standard Corp.
  • Yanmar
  • AGCO

THE REPORT INCLUDES:


1. The analysis of the India Tractor Market provides market size and growth rate for the forecast period 2022-2028.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the India Tractor Market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the India Tractor Market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGCO
  • CNH Industrial
  • Escorts
  • Indo Farm
  • Mahindra Tractors
  • SDF

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 India's Agricultural Incentives
7.3 Farming Scenario of India
7.4 Advantage India
7.5 Import and Export Analysis
7.6 Subsidy to Farmers in India for Selected Machinery
7.7 Cropping Intensity and Land Holding Structures
7.8 Role of Tractors in the Indian Agriculture Sector
7.9 Technological Advancements
7.10 Impact of Covid-19 on the Indian Agriculture Sector
8 Market Landscape
8.1 Market Overview
8.2 Market Size & Forecast
8.3 Five Forces Analysis
8.3.1 Threat of New Entrants
8.3.2 Bargaining Power of Suppliers
8.3.3 Bargaining Power of Buyers
8.3.4 Threat of Substitutes
8.3.5 Competitive Rivalry
9 Horsepower Segmentation
9.1 Market Snapshot & Growth Engine
9.2 Market Overview
9.3 Less Than 20 Hp
9.3.1 Market Overview
9.3.2 Market Size & Forecast
9.3.3 Less Than 20 Hp Tractor Market in India by Zones
9.4 20-40 Hp
9.4.1 Market Overview
9.4.2 Market Size & Forecast
9.4.3 20-40 Hp Tractor Market in India by Zones
9.5 41-60 Hp
9.5.1 Market Overview
9.5.2 Market Size & Forecast
9.5.3 41-60 Hp Tractor Market in India by Zones
9.6 61-100 Hp
9.6.1 Market Overview
9.6.2 Market Size & Forecast
9.6.3 61-100 Hp Tractor Market in India by Zones
9.7 Above 100 Hp
9.7.1 Market Overview
9.7.2 Market Size & Forecast
9.7.3 Above 100 Hp Tractor Market in India by Zones
10 Drive Type
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 2-Wheel-Drive
10.3.1 Market Overview
10.3.2 Market Size & Forecast
10.3.3 2 Wd Tractor Market in India by Zones
10.4 4-Wheel-Drive
10.4.1 Market Overview
10.4.2 Market Size & Forecast
10.4.3 4 Wd Tractor Market in India by Zones
11 Zone Segmentation
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 North Zone
11.3.1 Market Overview
11.3.2 Market Size & Forecast
11.3.3 North Zone Tractor Market by Hp
11.3.4 North Zone Tractor Market by Wheel Drive
11.4 South Zone
11.4.1 Market Overview
11.4.2 Market Size & Forecast
11.4.3 South Zone Tractor Market by Hp
11.4.4 South Zone Tractor Market by Wheel Drive
11.5 West Zone
11.5.1 Market Overview
11.5.2 Market Size & Forecast
11.5.3 West Zone Tractor Market by Hp
11.5.4 West Zone Tractor Market by Wheel Drive
11.6 East Zone
11.6.1 Market Overview
11.6.2 Market Size & Forecast
11.6.3 East Zone Tractor Market by Hp
11.6.4 East Zone Tractor Market by Wheel Drive
12 Market Opportunities & Trends
12.1 Increasing Focus on Remote Monitoring Technology in Tractors
12.1.1 Self-Driving Tractors
12.1.2 Gps Technology
12.1.3 Growing Demand for Autonomous Tractors
12.1.4 Alternate Fuel Based Tractors
12.2 Growing Farm Mechanization
12.2.1 Indian Government Initiatives to Promote Farm Mechanization
12.3 Increasing Adoption of Precision Farming
13 Market Growth Enablers
13.1 Augmented Financial Support to Farmers Through Loans and Subsidies
13.2 Growth in Agricultural Productivity and Exports
13.2.1 Agricultural Exports
13.3 Migration to Cities Leading to Labor Shortage
13.3.1 Major Shortage of Labor in the Agriculture Sector
13.3.2 Increased Labor Wages
13.4 Socio-Demographic Changes in India
14 Market Restraints
14.1 Lack of Awareness of the Latest Technologies in Agriculture
14.1.1 Low Levels of Education Among Farmers
14.1.2 Resource Scarcity of Small and Medium Farmers
14.2 Swelling Demand for Used and Rental Tractors
14.3 Marginal and Fragmented Agricultural Farmlands
15 Competitive Landscape
15.1 Competition Overview
15.1.1 Brand Loyalty
15.1.2 Sales and Exports
16 Key Company Profiles
16.1 Mahindra
16.1.1 Business Overview
16.1.2 Mahindra in the Agriculture Tractor Market
16.1.3 Product Offerings
16.1.4 Key Strategies
16.1.5 Key Strengths
16.1.6 Key Opportunities
16.2 Tafe
16.2.1 Business Overview
16.2.2 Tafe in the Agriculture Tractor Market
16.2.3 Product Offerings
16.2.4 Key Strategies
16.2.5 Key Strengths
16.2.6 Key Opportunities
16.3 Escorts
16.3.1 Business Overview
16.3.2 Escorts in the Agriculture Tractor Market
16.3.3 Product Offerings
16.3.4 Key Strategies
16.3.5 Key Strengths
16.3.6 Key Opportunities
16.4 International Tractors Ltd. (Sonalika Group)
16.4.1 Business Overview
16.4.2 International Tractors in the Agriculture Tractor Market
16.4.3 Product Offerings
16.4.4 Key Strategies
16.4.5 Key Strengths
16.4.6 Key Opportunities
16.5 Deere & Company
16.5.1 Business Overview
16.5.2 John Deere in the Agriculture Tractor Market
16.5.3 Product Offerings
16.5.4 Key Strategies
16.5.5 Key Strengths
16.5.6 Key Opportunities
16.6 Cnh Industrial
16.6.1 Business Overview
16.6.2 Cnh Industrial in the Agriculture Tractor Market
16.6.3 Product Offerings
16.6.4 Key Strategies
16.6.5 Key Strengths
16.6.6 Key Opportunities
17 Other Prominent Vendors
17.1 Sdf
17.1.1 Business Overview
17.1.2 Product Offerings
17.2 Kubota
17.2.1 Business Overview
17.2.2 Product Offerings
17.3 Ace
17.3.1 Business Overview
17.3.2 Product Offerings
17.4 Indo Farm
17.4.1 Business Overview
17.4.2 Product Offerings
17.5 Captain Tractors
17.5.1 Business Overview
17.5.2 Product Offerings
17.6 Force Motors
17.6.1 Business Overview
17.6.2 Product Offerings
17.7 Vst Tillers Tractors
17.7.1 Business Overview
17.7.2 Product Offerings
17.8 Preet Group
17.8.1 Business Overview
17.8.2 Product Offerings
17.9 Standard Corp.
17.9.1 Business Overview
17.9.2 Product Offerings
17.10 Yanmar
17.10.1 Business Overview
17.10.2 Product Offerings
17.11 Agco
17.11.1 Business Overview
17.11.2 Product Offerings
18 Report Summary
18.1 Key Takeaways
18.2 Strategic Recommendations
19 Quantitative Summary
19.1 Market by Horsepower
19.2 Market by Drive Type
19.3 Market by Zones
20 Appendix
20.1 Abbreviations
Note: Product cover images may vary from those shown
  • Mahindra Tractors
  • TAFE
  • Escorts
  • International Tractors (Sonalika)
  • Deere & Company
  • CNH Industrial
  • SDF
  • Kubota
  • Action Construction Equipment (ACE)
  • Indo Farm
  • Captain Tractors
  • Force Motors
  • VST Tillers Tractors
  • Preet Group
  • Standard Corp.
  • Yanmar
  • AGCO
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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