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India Tractor Market (2022 to 2028)

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Dublin, March 22, 2022 (GLOBE NEWSWIRE) — The “India Tractor Market – Industry Analysis and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

India was the world’s largest market for agricultural tractors in 2021, with a global sales volume of 614,500 units. The increase in agricultural production and tractor sales resulted from favorable monsoon rains in 2019 and 2020, which helped the country recover from the drought-induced depression in 2017 and the COVID-19 pandemic.

Shipments are expected to grow at a CAGR of 5.78%

Market Growth Drivers

  • Increased financial support for farmers through loans and grants
  • Growth in agricultural productivity and exports
  • Migration to cities leading to labor shortage

Segmentation analysis

Tractors with power of 41 to 60 hp are likely to be major contributors to the growth of tractor industry in India. The agricultural tractor market in India is dominated by 2WD tractors, which account for about 99% of the overall market.

Segmentation by power

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

Segmentation by reader type

  • 2 wheel drive
  • 4 wheels driving

Geographical analysis

In terms of areas, the northern and western states are said to have shown higher demand for agricultural tractors than the southern and eastern regions of the country. Moreover, the states in the northern zone of the country have a higher level of mechanization than any other part of the country. We can therefore consider that the market is tending towards saturation in the northern zone. Therefore, the strong demand for agricultural tractors is expected to come from the south of the country.

Vendor analysis

In terms of units sold, Mahindra and TAFE were the two largest tractor manufacturers in 2020. Mahindra was the top-selling tractor in the country, with over 300,000 tractors sold in 2020.

Main suppliers

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

Other Important Suppliers

  • MSDS
  • Kubota
  • Action Building Equipment (ACE)
  • Indo Farm
  • Captain Tractors
  • Forced motors
  • VST Tillers Tractors
  • Preet Group
  • Standard Corp.
  • Yanmar
  • AGCO

The report includes:
1. The India Tractor Market analysis provides the market size and growth rate for the forecast period 2022-2028.
2. It offers comprehensive information on current industry trends, trend forecasts and growth drivers for India Tractor Market.
3. The report provides the latest analysis of market share, growth drivers, challenges and investment opportunities.
4. It offers a comprehensive overview of market segments and regional outlook of India Tractor Market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.

Main topics covered:

1 Research methodology

2 research objectives

3 Research process

4 Scope and coverage
4.1 Market definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Caveats regarding market estimation
4.2 Base year
4.3 Scope of the study

5 Report assumptions and caveats
5.1 Main caveats
5.2 Currency conversion
5.3 Market Derivation

6 The market at a glance

7 Presentation
7.1 Overview
7.2 India’s Agricultural Incentives
7.3 Agricultural Scenario of India
7.4 India Advantage
7.5 Import and Export Analysis
7.6 Subsidy to Indian farmers for certain machinery
7.7 Cultivation intensity and land structures
7.8 Role of Tractors in Indian Agriculture Sector
7.9 Technological advances
7.10 Impact of Covid-19 on Indian Agriculture Sector

8 Market landscape
8.1 Market Overview
8.2 Market Size and 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

Segmentation of 9 horses
9.1 Market Overview and Growth Driver
9.2 Market Overview
9.3 Less than 20 HP
9.3.1 Market Overview
9.3.2 Market Size and Forecast
9.3.3 India Tractors Less than 20hp Market by Areas
9.4 20-40 hp
9.4.1 Market Overview
9.4.2 Market Size and Forecast
9.4.3 India 20-40hp Tractor Market by Areas
9.5 41-60 hp
9.5.1 Market Overview
9.5.2 Market Size and Forecast
9.5.3 India 41-60hp Tractor Market by Areas
9.6 61-100 hp
9.6.1 Market Overview
9.6.2 Market Size and Forecast
9.6.3 India 61-100hp Tractor Market by Areas
9.7 Above 100 HP
9.7.1 Market Overview
9.7.2 Market Size and Forecast
9.7.3 India Tractors over 100hp Market by Areas

10 Drive type
10.1 Market Overview and Growth Driver
10.2 Market Overview
10.3 2 wheel drive
10.3.1 Market Overview
10.3.2 Market Size and Forecast
10.3.3 India 2 Wd Tractor Market by Areas
10.4 4 wheel drive
10.4.1 Market Overview
10.4.2 Market Size and Forecast
10.4.3 India 4Wd Tractor Market by Areas

Segmentation into 11 zones
11.1 Market Overview and Growth Driver
11.2 Market Overview
11.3 North Area
11.3.1 Market Overview
11.3.2 Market Size and Forecast
11.3.3 North Area Tractor Market by Hp
11.3.4 North Area Tractor Market by Wheel Drive
11.4 South Area
11.4.1 Market Overview
11.4.2 Market Size and Forecast
11.4.3 South Area Tractor Market by Hp
11.4.4 South Area Tractor Market by Wheel Drive
11.5 West Area
11.5.1 Market Overview
11.5.2 Market Size and Forecast
11.5.3 West Area Tractor Market by Hp
11.5.4 West Area Tractor Market by Wheel Drive
11.6 East Area
11.6.1 Market Overview
11.6.2 Market Size and Forecast
11.6.3 East Area Tractor Market by Hp
11.6.4 East Area Tractor Market by Wheel Drive

12 Market Opportunities and Trends
12.1 Increased focus on remote monitoring technology in tractors
12.1.1 Autonomous tractors
12.1.2 GPS Technology
12.1.3 Growing Demand for Autonomous Tractors
12.1.4 Alternative Fuel Tractors
12.2 Growth of agricultural mechanization
12.2.1 Indian government initiatives to promote agricultural mechanization
12.3 Increased adoption of precision agriculture

13 Market Growth Catalysts
13.1 Increased financial support to farmers through loans and grants
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 labor shortage in the agricultural sector
13.3.2 Increased Labor Wages
13.4 Sociodemographic changes in India

14 Market Constraints
14.1 Lack of knowledge 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 land

15 Competitive landscape
15.1 Competition Overview
15.1.1 Brand Loyalty
15.1.2 Sales and exports

16 key company profiles

17 other important suppliers

18 Report Summary

19 Quantitative summary

20 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/jepeyy