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India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, Market Sales, Market Forecast, Market Size, Market Shares, Market Major Players: Ken Research

09-28-2021 01:21 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

India Tractor Market, Tractor Industry, Market Revenue, Market

How Is India Tractor Market Positioned?

In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth in the industry has remained strong since FY12. Currently, Indian Tractor production contributes a third for the global tractor production. The major segment in Indian Tractor Industry is of agricultural tractor.

Market: The tractor market has seen significant growth in the last few years, recording a CAGR of ~% during 2016-2020 primarily due to normal and good monsoon, increased crop production and agricultural produce, and strong push from Indian Government. Apart from economic perspective, farm mechanization improves the quality of job and reduces stress from farmer’s job. The demand for tractors declined during 2015-2016 due to a contraction in the farm incomes, as the production of major crops and commodity prices reduced with lower procurements by the government, owing to adequate buffer reserves.

India Tractor Market

By Vehicle Category Type: Agricultural segment makes up majority share of the Tractor market of the country, followed by the commercial segment. Share for Commercial segment is low as Tractors are considered to be an Investment for farms and specific to agriculture rather than commuting or transportation. In addition to the same, various other farm equipment like power tiller and Harvestor are also gaining strength.

India Tractor Market Size and Segmentation

By Vehicle Category Type: The Tractor industry has been primarily dominated by the agricultural segment as they are multi-purpose. Commercial tractors are those tractors that are used for carrying luggage or transporting the loads. Tractors as a transportation vehicle as Indian individuals have more inclination towards Trucks and Mini Vans.

For More Information on the research report, refer to below link:-
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/india-tractor-market-outlook-to-2025/472830-104.html

Registration by Region & State

North and Western have the highest share of Tractors due to the presence of manufacturing units and agricultural production. It is followed by Punjab, Haryana and U.P. Apart from the measures at the national level, several state governments are also committed to promoting Tractors in their states to drive market growth.

Normal monsoon has been a key driver of growth. It fuelled production and boosted farmers’ income, which eventually aided the expansion in tractor demand. All key states like Maharashtra, Madhya Pradesh, Bihar, Karnataka, Gujarat, Andhra Pradesh and Uttar Pradesh showed positive growth. The southern region outpaced all other regions on a uniform basis over the past three years, with growth being led by a strong demand in Andhra Pradesh, Tamil Nadu and Telangana. Government support programs and improved rural sentiments helped maintain the growth trajectory in these states. The eastern region continues to report strong volume growth within the current fiscal, albeit on a coffee base, benefitting from various government initiatives to spice up farm mechanization.

The northern region continues to lag the pan India growth. Uttar Pradesh, the most important tractor market within the region, has recorded healthy growth. Other key markets of Rajasthan and Punjab still struggle, as results of weak haulage and replacement demand respectively.

Competitive Scenario In India Tractor Market

The competition in the Tractor market in India is highly concentrated where leading manufacturers hold around ~% share in the market. The major tractors include Mahindra & Mahindra Limited (Tractor), Mahindra & Mahindra Limited (Swaraj Division), International Tractors Limited, Tafe Limited, Escorts Limited (Agri Machinery Group), John Deere India Pvt Ltd. (Tractor Division), Eicher Tractors, Cnh Industrial (India) Pvt Ltd, Kubota Agricultural Machinery India Pvt.Ltd., V.S.T. Tillers Tractors Limited. The market is highly unorganized and comprises of small assemblers who source part from China. These players compete on parameters Product Portfolio, Distribution Network, Pricing, Discounts, and Geographical Location, value Added Services, Collaborations & Partnerships and After Sales Service.

Key Segments Covered:-

By Vehicle Category

Agricultural

Commercial

Registration by Region

North

East

West

South

Registration by State

Tractor Makers Covered:-

Mahindra & Mahindra Limited (Tractor)

Mahindra & Mahindra Limited (Swaraj Division)

International Tractors Limited

Tafe Limited

Escorts Limited (Agri Machinery Group)

John Deere India Pvt Ltd (Tractor Devision)

Eicher Tractors

Cnh Industrial (India) Pvt Ltd

Kubota Agricultural Machinery India Pvt. Ltd.

V.S.T. Tillers Tractors Limited

Force Motors Limited, A Firodia Enterprise

Captain Tractors Pvt. Ltd.

Indo Farm Equipment Limited

Vani Electric Vehicles Pvt Ltd

Harvestor Makers Covered:-

John Deere India Pvt Ltd

Manku Agro Tech Pvt Ltd

Kartar Agro Industries Pvt Ltd

Preet Agro Industries Pvt Ltd

Mahindra & Mahindra Limited

Malkit Agro Tech Pvt. Ltd

Guru Nanak AgriEngg Works

Dasmesh Pvt. Ltd

Cnh Industrial (India) Pvt Ltd

K.S. Agrotech Pvt Ltd

Surindera Agro Industries

K.S. Agricultural Industries Pvt. Ltd

Hind Agro Industries

Hira Agro Industries

Claas India P Ltd

Sonalika Industries

New Hind Agro Pvt Ltd

Punjab Agro Implements Industries

Key Target Audience:-

Tractor OEMs

Consultancy Companies

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period – 2016-2020

Forecast Period – 2020-2025

Key Topics Covered in the Report:-

India Tractor Registration Volume

India Tractor Type (in Units)

India Tractor Vehicle Category (in Units)

India Tractor Vehicle Registration by Region

India Tractor Vehicle Registration by State

India Tractor Maker Market Share

India Tractor Registration Volume

India Tractor Type (in Units)

India Tractor Vehicle Category (in Units)

India Tractor Vehicle Registration by Region

India Tractor Vehicle Registration by State

India Tractor Maker Market Share

Future Market Size and Segmentations, 2020-2025F

For More Information on the research report, refer to below link:-
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/india-tractor-market-outlook-to-2025/472830-104.html

Related Reports:-
https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/myanmar-agriculture-machinery-market-outlook-to-2025/427146-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/vietnam-agricultural-machinery-market-outlook-to-2025/414449-104.html

https://www.kenresearch.com/agriculture-and-animal-care/agriculture-equipment/indonesia-agriculture-equipment-market-outlook-to-2025/409962-104.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

We currently cater to 300+ sectors with 150,000+ research repository across 196+ countries serving 1000+ clients and have partnered with almost 25+ content aggregators.

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