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Report Description

  • All Reports
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  • Automotive
  • | August, 2020

India Tractor Market By Application Type (Agriculture & Construction/Mining & Logistics), By Power Output (Under 40 HP & 41-100 HP), By Drive Type (2-Wheel Drive & 4-Wheel Drive), By Region, Competition, Forecast & Opportunities, FY 2026

  • Description
  • Table of Content
  • Figures and Tables
  • Related Reports
  • View Sample Report

India tractor market is anticipated to grow at an impressive rate of around 10% over the next five years owing to increase in demand for mechanization in agriculture & logistics industry. The country’s tractor market stood at around 709 thousand units in the financial year ending March 2020. Strengthening of financial state of the agriculture industry through loan waivers,  other government subsidies and growing popularity of bank financing will be the key factors responsible for the growth of tractor market in India over the next five years.

India tractor market is classified based on application type, power output, drive type, and region. Based on application type, the market is segmented into agriculture and construction, mining & logistics. Agriculture sector captivates majority of the country’s tractor market, because of its all-purpose use like plowing, tilling, planting, etc. The agriculture application segment is expected to continue witnessing robust growth in coming years. In terms of engine power output, tractors are distinguished amongst rated engines of below 40HP and 41HP to 100HP segments.  Due to the cost being a major driver of the sector, tractors with rated power output under 40HP currently dominate the market. Majority of mechanized farming emanates from Northern and Western parts of the country, and hence  North region dominates the country’s tractor market, followed by the West region.

Years considered for this report:

Historical Period: FY 2016 – FY 2019

Base Year: FY 2020

Estimated Year: FY 2021

Forecast Period: FY 2022 - 2026

Objective of the Study:

v  To analyse and forecast the market size of the India Tractor Market, in terms of value and volume.

v  To classify and forecast the India Tractor market based on Application Type, By Power Output, By Drive type, By Region and By Company.

v  To identify drivers and challenges for the India Tractor market.

v  To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Tractor market.

v  To identify and analyse the profile of leading players involved in the the India Tractor market.


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Mahindra & Mahindra Ltd. holds the largest share in tractor market, followed by TAFE Ltd., Sonalika Group (ITL), and Escorts Ltd., which  also hold double-digit shares. Other leading market players include John Deere, CNHI India Pvt Ltd, Force Motors Ltd., Captain Tractors Pvt. Ltd., Ace Ltd., and Preet Tractors (P) Ltd..

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of tractor manufacturers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all tractor manufacturers across India.

TechSci Research calculated the market size of India Tractor market using a top down approach, where data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing 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 by TechSci Research.

 

Key Target Audience:

v  India tractor manufacturers, suppliers/ dealers and other stakeholders

v  Government bodies such as regulating authorities and policy makers

v  Organizations, forums and alliances related to India Tractor market

v  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, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five 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:

v  Market, by Application Type:

Ø  Agriculture Tractor

Ø  Construction, Mining & Logistics

v  Market, By Power Output:

Ø  Below 40HP

Ø  41HP to 100HP

v  Market, By Drive Type:

Ø  2-Wheel Drive

Ø  4-Wheel Drive

v  Market, By Region:

Ø  North

Ø  East

Ø  West

Ø  South

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

v  Detailed analysis and profiling of additional market players (up to ten).

Profit Margin Analysis

v  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 [email protected]

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 41HP-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 41HP-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 41HP-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 [email protected]
  • Figure 1: India Tractor Market Size, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 2: India Tractor Market Size, By Value ( Billion USD), FY’2016-FY’2026F

    Figure 3: India Tractor Market Share, By Application Type, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 4: India Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 5: India Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 6: India Tractor Market Share, By Region, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 7: India Tractor Market Share, By Company, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 8: India Agriculture Tractor Market Size, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 9: India Agriculture Tractor Market Size, By Value (Billion USD), FY’2016-FY’2026F

    Figure 10: India Agriculture Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 11: India Agriculture Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 12: India Construction, Mining & Logistics Tractor Market Size, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 13: India Construction, Mining & Logistics Tractor Market Size, By Value (Billion USD), FY’2016-FY’2026F

    Figure 14: India Construction, Mining & Logistics Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Figure 15: India Construction, Mining & Logistics Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

     

    List Of Tables

     

    Table 1: India Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 2: India Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 3: India Tractor Market Share, By Region, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 4: India Tractor Market Share, By Company, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 5: India Agriculture Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 6: India Agriculture Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 7: India Construction, Mining & Logistics Tractor Market Share, By Power Output, By Volume (Thousand Units), FY’2016-FY’2026F

    Table 8: India Construction, Mining & Logistics Tractor Market Share, By Drive Type, By Volume (Thousand Units), FY’2016-FY’2026F

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Press Release

Rising mechanization in agriculture to drive growth in India Tractor Market over 10% through 2023

May, 2018

Growing agriculture sector, rising population and urbanization, coupled with easy financing options to boost India tractor market through FY2023


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