The report titled “India Tractor Market Outlook to 2025- By Vehicle Category (Agriculture and Commercial), Registration by Region (North, East, West, South) and Registration by State” provides a comprehensive analysis of growth of Tractor Marketin the India. The report covers various aspects including the Tractor registrations (in units), market segmentation by, By Vehicle Category (Agriculture, Commercial), Registration by Region (North, East, West, South) and Registration by State. The report also covers Tractor industry dynamics with focus of registration volume, vehicle type, market share, registration by region etc. in India. Moreover, the report also covers the overall competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future, Covid-19 impact, analysts’ take on the future and case studies highlighting the major opportunities.
India Tractor Market Overview and Size
The continuous technological advancement, along with the strong support from Central and State Government for farm mechanization, the market for the Tractors in India has been on rise. Additionally, Tractors require low maintenance & have lower cost of ownership, contributing to the increased share of the Tractor market in India. With the ambition to match the international market in farm and agri-products there is an urgent need for farm mechanization. Additionally, the market is primarily driven by strict regulations, government incentives, and increasing environmental awareness. Currently, the Tractor market is dominated by agricultural tractors as compared to commercial tractors.
India Tractor Market Segmentations
By Vehicle Category: Tractors in India are mainly categorized under two segment vehicles i.e. they are mainly agricultural or commercial. Commercial tractors are those tractors that are used for carrying luggage or transporting the loads.
Registration by Region & State: Northern &Western regions accounts for majority of the Tractor registrations in India. These regions are the fastest-growing market as many automotive industries are setting up their manufacturing units in this region. Additionally these are the agrarian majority states and thus support the demand. Apart from the measures at the national level, several state governments are also committed to promoting farm mechanization in their states to drive market growth. Government of Uttar Pradesh, Punjab, Haryana, Maharashtra, Bihar and West Bengal has taken several initiatives to promote the usage for Tractors.
Competitive Landscape of India Tractor Market
The competition in the Tractor market in India is highly concentrated where leading manufacturers around ~40% share in the market. The major Tractor OEM includes Mahindra & Mahindra Ltd, 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 and few others. Production Capacity, Pricing, Battery Type, Range, Speed, Technology, Maintenance Cost, Export Volume are the key competing parameters for the Tractor manufactures.
India Electric Tractor Market Future Outlook and Projections
The market of tractors in India is close to one of the largest markets worldwide with rapid expansion and extensive farm mechanization. Normal and suffice monsoon growth has been the foundational driver for this growth over the years. The new found confidence in the Indian agricultural ecosystem has boasted the extensive mechanization on the wave of Green Revolution. It now constitutes one-third of the total production worldwide. On the average over the years, it has seen positive growth and promises the same healthy future. What distinguishes the Indian Tractor Market is the fact that Market Leader is of the Indian origin and is produced here only. Agricoop and NABARD have taken various initiatives to push forward the growth of the Industry.
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
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