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 Market in 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.
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
For More Information on the research report, refer to below
link:-
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