India tractor market is projected to grow at a CAGR of over 10% by FY2023, on the back of rising inclination of farmers towards high powered tractors to increase productivity. Moreover, rising need for agricultural products across the country is boosting demand for tractors in the country. Additionally, increasing investments by leading agricultural machinery manufacturers such as Mahindra & Mahindra, John Deere, and Tractors & Farm Equipment Limited, among others, in their respective tractor product lines, is also expected to positively impact India tractor market in the coming years.

Years considered for this report:

Historical Years: FY2013 - FY2016

Base Year: FY2017

Estimated Year: FY2018

Forecast Period: FY2019-FY2023

Objective of the Study:

  • To analyze and forecast the market size of India tractor market.
  • To classify and forecast India tractor market based on power output (under 40 HP, 40-100 HP).
  • To identify drivers and challenges for India tractor market.
  • To conduct the pricing analysis for tractors in India.
  • To identify and analyze the profile of leading players involved in the manufacturing of tractors.

 

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Some of the major players operating in India tractor market include Mahindra & Mahindra Limited, Tractors and Farm Equipment Ltd. (TAFE), International Tractors Ltd., Escorts Limited, John Deere India Private Limited, CNH Industrial (India) Private Limited, HMT Limited, Force Motors Limited, PREET TRACTORS (P) Limited and Standard Tractors.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Tractor dealers operating across the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all the major tractor suppliers across India.

TechSci Research calculated the market size for India tractor market using a bottom-up technique, wherein manufacturers’ volume sales data was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, TMA, SIAM, company websites, company annual reports, white papers, investor presentations and financial reports were also reviewed by TechSci Research.

 
Key Target Audience:

  • Tractor manufacturers, distributors and other stakeholders
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tractors market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tractor manufacturers, distributors and dealers, and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India tractor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Power Output:
    • Under 40 HP
    • 40-Under 100 HP
  • Market, by Drive Type:
    • 2-Wheel Drive
    • 4-Wheel Drive
  • Market, by Application:
    • Agriculture
    • Construction/Mining & Logistics
  • Market, by Region:
    • North
    • South
    • West
    • East
  • Market, by Company:
    • Mahindra & Mahindra Limited
    • Tractors and Farm Equipment Ltd. (TAFE)
    • International Tractors Ltd.
    • Escorts Limited
    • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India tractor market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.      Product Overview

2.      Research Methodology

3.      Analyst View

4.      Voice of Customer

4.1.   Factors Influencing Purchase Decision

4.2.   Brand Switching Attribute

4.3.   Unaided/Aided Brand Recall

4.4.   Brand Satisfaction Level

5.      India Tractor Market Outlook

5.1.   Market Size & Forecast

5.1.1.      By Value & Volume

5.2.   Market Share & Forecast

5.2.1.      By Power Output (Under 40 HP and 40-under 100 HP)

5.2.2.      By Drive Type (2-wheel drive and 4-wheel drive)

5.2.3.      By Application (Agriculture and Construction/Mining & logistics)

5.2.4.      By Company

5.2.5.      By Region

5.3.   Market Attractiveness Index (By Power Output)

6.      India Agriculture Tractor Market Outlook

6.1.   Market Size & Forecast

6.1.1.      By Value & Volume

6.2.   Market Share & Forecast

6.2.1.      By Power Output (Under 40 HP and 40-under 100 HP)

6.2.2.      By Drive Type (2-wheel drive and 4-wheel drive)

6.3.   Market Attractiveness Index (By Power Output)

7.      India Construction/Mining & logistics Tractor Market Outlook

7.1.   Market Size & Forecast

7.1.1.      By Value & Volume

7.2.   Market Share & Forecast

7.2.1.      By Power Output (Under 40 HP and 40-under 100 HP)

7.2.2.      By Drive Type (2-wheel drive and 4-wheel drive)

7.3.   Market Attractiveness Index (By Power Output)

8.      Market Dynamics

8.1.   Drivers

8.2.   Challenges

9.      Policy & Regulatory Landscape

10.  Market Trends & Developments

11.  SWOT Analysis

12.  India Economic Profile

13.  Pricing Analysis

14.  Product Benchmarking

15.  Competitive Landscape

15.1.                    Mahindra & Mahindra Limited

15.2.                    Tractors and Farm Equipment Ltd.

15.3.                    International Tractors Ltd.

15.4.                    Escorts Limited

15.5.                    John Deere India Private Limited

15.6.                    CNH Industrial (India) Private Limited

15.7.                    HMT Limited

15.8.                    Force Motors Limited

15.9.                    Preet Tractors (P) Limited

15.10.                Standard Tractors 

  16.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figer


    Figure 1: India Tractor Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: India Tractor Market – Brand Switching (N=75)

    Figure 3: India Tractor Market - Brand Switching Attribute (N=75)

    Figure 4: India Tractor Market – Aided Brand Recall (N=75)

    Figure 5: India Tractor Market – Unaided Brand Recall (N=75)

    Figure 6: India Tractor Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 7:  India Tractor Market - Brand Satisfaction Level, By After-Sales Service (N=75)

    Figure 8: India Tractor Market - Brand Satisfaction Level, By Maintenance Cost (N=75)

    Figure 9: India Tractor Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 10: India Tractor Market - Brand Satisfaction Level (N=75)

    Figure 11: India Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 12: India Tractor Market Share, By Power Output, By Volume, FY2013-FY2023F

    Figure 13: India Tractor Market Share, By Drive Type, By Volume, FY2013-FY2023F

    Figure 14: India Tractor Market Share, By Application, By Volume, FY2013-FY2023F

    Figure 15: India Tractor Market Share, By Company, By Volume, FY2017-FY2023F

    Figure 16: India Tractor Market Share, By Region, By Volume, FY2017 & FY2023F

    Figure 17: India Tractor Market Attractiveness Index, By Power Output, By Volume, FY2018E-FY2023F

    Figure 18: India Agriculture Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 19: India Agriculture Tractor Market Share, By Power Output, By Volume, FY2013-FY2023F

    Figure 20: India Agriculture Tractor Market Share, By Drive Type, By Volume, FY2013-FY2023F

    Figure 21: India Agriculture Tractor Market Attractiveness Index, By Power Output, By Volume, FY2018E-FY2023F

    Figure 22: India Construction/Mining and Logistics Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), FY2013-FY2023F

    Figure 23: India Construction/Mining and Logistics Tractor Market Share, By Power Output, By Volume, FY2013-FY2023F

    Figure 24: India Construction/Mining and Logistics Tractor Market Share, By Drive Type, By Volume, FY2013-FY2023F

    Figure 25: India Construction/Mining and Logistics Tractor Market Attractiveness Index, By Power Output, By Volume, FY2018E-FY2023F

     

    List of Tables


    Table 1: India Import Duties on Tractors, FY2017

    Table 2: India Tractor Pricing Analysis, By Company, FY2017

    Table 3: India Tractor Market Product Analysis, FY2017