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Indian Used Agricultural Equipment Market Outlook to 2026 (Including Tractors, Harvesters, Power Tillers and Tractor-Attachable Equipment): Driven by rising adoption of small and marginal farmers and government subsidy to increase the demand of used equipment

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The report titled “Indian Used Agricultural Equipment Market Outlook to 2026 (Including Tractors, Harvesters, Power Tillers and Tractor-Attachable Equipment): Driven by rising adoption of small and marginal farmers and government subsidy to increase the demand of used equipment” provides a comprehensive analysis of the Used Agricultural Equipment market, and the financing ecosystem of such equipment in India. The report focuses on the used agricultural equipment market size, analysis of sub-markets such as India used tractor market, India used harvester market, India Power tiller market, and India tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc) market. It also focuses on segmentation of used tractor and harvester market by  New Purchase vs Used Purchase, by Manufacturers, by Power (HP), by Drive /Cutting width (where applicable), by Region, by Distribution Channels, by Vehicle Age, By Mode of Sales (Online vs Offline), by Financed vs Non-Financed Purchases by End Users, and by Organized vs Unorganized Financing.

The report also covers used power tiller market sizing and segmentation by New Purchase vs Used Purchase, by Manufacturers, by Power and by Region, along with Used tractor-attachable market size and segmentation by type ( sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.). Other major areas under focus are Indian Agricultural Sector Overview, analysis of Crop Production in India, State-wise Crop Yield Analysis, benefits of Farm Mechanization, evolution of Mechanization in the Indian Agriculture Industry, dominant Used Agriculture Equipment in India, agricultural Value Chain and Required types of Equipment, India Used Agriculture Equipment Market Ecosystem and value chain, SWOT Analysis of the Indian Used Agricultural Equipment Market, major Constraints in the Indian Used Agricultural Equipment Market, major Government Initiatives and Interventions in the Agricultural Sector in India and snapshot of Agricultural Equipment Rental and auction markets

The report concludes with future market projections on the basis of overall outlook of the Indian Used Agricultural Equipment market and analyst recommendations highlighting the major opportunities.

Indian Used Agricultural Equipment Industry

Indian Used Agricultural Equipment market grew at a CAGR of ~16.5 % by volume, and ~19.1% by transaction value, during FY’16-FY’21. Used tractors dominated the Used Agricultural Equipment in India, by volume sold, in FY’21 followed by used tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.), used power tillers and used harvesters. The market was also observed to be highly fragmented and dominated by the unorganized dealers. Apart from that, peer to peer sales are also quite frequent in India.

Ambitious government initiatives, rising adoption of mechanization in India, paired with economic feasibility of purchasing second hand equipment has led to the growth of Used Agricultural Equipment market in India.

India Used Agricultural Equipment Sub-markets

Used Tractor Market: The Used Tractor Market in India is the largest contributor to the India Used Agricultural equipment market. This market has seen a steady rise from FY’ 16 to FY’21.

Demand for used tractor is highest in states with lower average income of farmers, such as U.P. and M.P., while Punjab and Haryana have higher demand for new tractors. Online sales of used tractor has seen a recent surge, owing to the increasing traction of e-marketplaces, physical-digital hybrid marketplaces & classifieds in rural areas.

Competition Scenario among Classifieds: Classifieds are online aggregator platform acting as a portal between institutional and individual sellers of farm implements and the end customer. Classifieds such as Tractor Junction, Meratractor, Tractorguru, Khetigaadi, Molanmol are some major classifieds used for the purchase of second hand agricultural equipment.

Used Harvester Market:  Due to their high unit value, used harvester contribute significantly more in the total value of Used Agri Equipment market, while contributing very less in the total volume. The market for used harvester is highly consolidated in terms of manufacturers, with ~5 manufacturers occupying a large chunk of the market. However in terms of distribution channel, used harvester market is heavily unorganized, with majority of sales happening Peer to Peer.

Used Power tiller Market: The used power tiller market has shown a negligible growth rate, largely remaining static throughout FY’16 to FY’21. However, new barriers imposed by the Government of India on imports in 2020, is expected to significantly boost the power tiller market, and in turn increase the used power tiller market growth rate as well. The market is highly consolidated in terms of manufacturers with only 2 manufacturers capturing a majority of the market.

Used Tractor-Attachable Equipment Market: These consist ofsprayer, rotavator, cultivator, ploughs, drills and harrow. These equipment are highly dependent on the tractor market in India and are projected to have increasing adoption in the face of labor shortage due to rural to urban migration. These equipment require lower capital involvement as compared to other equipment such as tillers and tractors.

India Agricultural Equipment Financing Market: Various Initiatives by NABARD and RBI has been aimed towards increasing credit flow in the agricultural sector, by assisting private institution financially. Total outstanding credit in Agriculture by commercial banks in India has grown optimistically from FY’16 to FY’21. Some of the major financing companies in Indian Agricultural sector are Mahindra Finance, Kotak Mahindra Bank, IndusInd Bank.

India Used Agricultural Equipment Market Future Outlook and Projections

The Used Agricultural Equipment Market in India is anticipated to grow with the growing adoption of farm implements and government initiatives offering subsidies on such equipment. Over the forecast period FY’22-FY’26, the India Used Agricultural Equipment Market is further anticipated to showcase an upward trend in terms of volume and value, better than the earlier years, with the market consistently expanding. The organized financing of used agricultural equipment will have an increasing preference among the end users.

Key Markets Covered in India Used Agricultural Equipment Market

India Used Tractor Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers, FY’21
    • By Power (HP), FY’16 & FY’21
    • By Drive (2WD vs 4WD), FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Harvester Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Cutting Width, FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Hours of Usage, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Power Tiller Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Region, FY’16 & FY’21

India Used Tractor-Attachable Equipment Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By Product Types,
    • Used Rotavators Sales, By Volume, FY’21
    • Used Cultivator Sales, By Volume, FY’21
    • Used Sprayer Sales, By Volume, FY’21
    • Used Harrows Sales, By Volume, FY’21
    • Used Ploughs and Drills Sales, By Volume, FY’21

Agricultural Equipment Financing Market in India

  • Value Chain And Ecosystem of Agricultural Equipment Financing market in India
  • Key Issues and Challenges, customer’s perspective
  • Market Share of top used tractor financing companies in India, By Volume fo Tractor financed, FY’21
  • Cross-Comparison of Major Agriculture finance companies in India

Time Period Captured in the Report:

  • Historical Period: FY’16-FY’21
  • Forecast Period: FY’22-FY’26

Major Classified Websites for Used Agricultural Equipment Sales:

  • Tractorjuction.com
  • Meratractor.com
  • Khetigaadi.com
  • Escortsmolanmol.com
  • Tractorguru.com

Major Financing Companies for Used Agri-Equipment In India

  • Mahindra Finance
  • Kotak Mahindra Bank
  • IndusInd Bank
  • TVS Credit
  • AU Small Finance Bank
  • Kogta Finance

Key Topics Covered in the Report

  • Indian Agricultural Sector Overview
  • Analysis of Crop Production in India
  • State-wise Crop Yield Analysis
  • Benefits of Farm Mechanization
  • Evolution of Mechanization in the Indian Agriculture Industry
  • Dominant Used Agriculture Equipment in India
  • Agricultural Value Chain and Required types of Equipment
  • Current Level of Mechanization in Indian Farms for major crops
  • India Used Agriculture Equipment Market Ecosystem
  • Manufacturer Typologies of Farm Equipment in India
  • Value Chain Analysis of India Used Agriculture Equipment Market
  • SWOT Analysis of the Indian Used Agricultural Equipment Market
  • Major Constraints in the Indian Used Agricultural Equipment Market
  • Major Government Initiatives and Interventions in the Agricultural Sector in India
  • Snapshot: Agricultural Equipment Rental market
  • E-Nam- The online Auction Platform for the agricultural Industry
  • Indian Used Agricultural Equipment Market Size and Segmentation
  • India Used Agricultural Equipment Market Size, By Volume and Value
  • Segmentation, By Types of Equipment
  • Indian Used Tractor Market Size and Segmentation
  • Indian Used Tractor Market Size and Comparison with India New Tractor Market
  • Indian Used Tractor Market: Competition Scenario among Classifieds
  • Indian Used Harvester Market Size and Segmentation
  • Indian Used Power Tiller Market Size and Segmentation
  • Indian Used Tractor-Attachable Equipment Market
  • India Used Agricultural Equipment Market Future Outlook and Projections
  • Value Chain Analysis and Ecosystem the Indian Used Agricultural Equipment Financing Market
  • Captive Financing and it’s correlation with dealerships
  • Gap analysis of the Indian Used Agricultural Equipment Market
  • Key Success Mantras for a Market Entrant in Classified for Used Agri-equipment Market
  • Opportunities in financing of Agricultural Equipment
  • Industry Speaks
READ MORE

Table Of Content

Scope

1. Executive Summary

2. Market Overview

2.1.   Indian Agricultural Sector Overview and Contribution of Indian Agriculture to India’s GDP

2.2.   Analysis of Crop Production (Kharif vs Rabi Crops, Land Area under major crops) in India in FY’21

2.3.   State-wise Crop Yield Analysis in FY’20

2.4.   Benefits of Farm Mechanization

2.5.   Evolution of Mechanization in the Indian Agriculture Industry

2.6.   Dominant Used Agriculture Equipment in India

2.7.   Agricultural Value Chain and Required types of Equipment

2.8.   Current Level of Mechanization in Indian Farms for major crops (Paddy, Wheat, Cotton, etc)

3. Industry Analysis: India Used Agriculture Equipment Market

3.1.   India Used Agriculture Equipment Market Ecosystem

3.2.   Manufacturer Typologies of Farm Equipment in India

3.3.   Value Chain Analysis of India Used Agriculture Equipment Market

3.4.   SWOT Analysis of the Indian Used Agricultural Equipment Market

3.5.   Major Constraints in the Indian Used Agricultural Equipment Market

4. Government Interventions

4.1.   Major Government Initiatives and Interventions in the Agricultural Sector in India (From Pre-1980 era to 2021)

4.2.   Coverage on Sub-mission on agricultural mechanization, 2020-2021

4.3.   Coverage on Announcements under Atma Nirbhar Bharat Abhiyan

4.4.   Coverage on Other Major Schemes Impacting Farm Mechanization in India (such as National Food Security Mission, Rashtriya Krishi Vikas Yojana, Mission for Integrated Development of Horticulture)

5. Analysis of Allied Sub-sectors in the Agriculture Equipment Ecosystem

5.1.   Snapshot: Agricultural Equipment Rental market

5.2.   E-Nam- The online Auction Platform for the agricultural Industry

6. Indian Used Agricultural Equipment Market Size and Segmentation

6.1.   Used Agricultural Equipment Market Size (in Volume and GTV in INR Value), FY’16-FY’21

6.2.   Segmentation of Used Agricultural Equipment Market size, FY’16 & FY’21, by:

  • Used Tractors (Volume and GTV in INR value) – includes all types – tractors used for agriculture, ground handling, construction, etc as difficult to segregate in aftermarket.
  • Used Harvesters(Volume and GTV in INR value)
  • Used Power Tillers (Volume and GTV)
  • Used Tractor-Attachable Equipment (GTV in INR value; includes Rotavators, Cultivators, Sprayers, Harrows, Ploughs & Drills)

7. Indian Used Tractor Market Size and Segmentation

7.1.   Used Tractor Market Size in Volume and INR Value, FY’16-FY’21 and  Comparison with India New Tractor Market

7.2.   Segmentation, By Region (By Top 5 States)

7.3.   Segmentation, By Manufacturers (Such as Mahindra, Sonalika, etc.)

7.4.   Segmentation, By Power (HP) (0-25 HP, 26-50 HP, Above 50 HP)

7.5.   Segmentation, By Vehicle Age (0-5 Years, 6-10 Years, 11-15 years)

7.6.   Segmentation, By Drive (2 Wheel Drive & 4 Wheel Drive)

7.7.   Segmentation, By Mode of Financing (Organized Financing, Unorganized Financing, Non-financed/Cash purchases)

7.8.   Segmentation, By Distribution Channels (OEM Certified Dealers, Multi-brand Dealers, Peer to Peer Sales, Sales through classifieds/ e-marketplaces)

7.9.   Segmentation, By Mode of Sales (Online vs Offline)

8. Indian Used Tractor Market: Competition Scenario among Classifieds

8.1.    Business Model of Classified Market in India Used Agricultural Equipment Market

8.2.   Competitive Landscape of the Classifieds in India Used Tractor Market (Business model, geographies served, traction, vintage)

8.3.    Company Profile: Tractor Junction

8.4.    Company Profile: Meratractor

8.5.    Company Profile: Khetigaadi

8.6.    Company Profile: Molanmol

8.7.    Company Profile: TractorGuru

9. Indian Used Harvester Market Size and Segmentation

9.1.   Used Harvester Market Size in Volume and INR Value, FY’16-FY’21  and Comparison with India New Harvester Market

9.2.   Segmentation, By Region (North, East, South, West)

9.3.   Segmentation, By Manufacturers (Track Type Harvesters) such as Kubota CLAAS, etc.

9.4.   Segmentation, By Cutting Width (1-7 ft, 8-14 ft, Above 14 ft)

9.5.   Segmentation, By Vehicle Age (0-5 Yrs, 6-10 Yrs, 10-15 Yrs)

9.6.   Segmentation, By Number of Hours Used (Less than 1000 hrs, 1001-2000 Hrs, …., 6001-7000 Hrs, Above 7000 Hrs)

9.7.   Segmentation, By Mode of Financing (Organized Financing, Unorganized Financing, Non-financed/Cash purchases)

9.8.   Segmentation, By Distribution Channels  (OEM Certified Dealers, Multi-brand Dealers, Peer to Peer Sales)

9.9.   Segmentation, By Mode of Sales (Online vs Offline)

10. Indian Used Power Tiller Market Size and Segmentation

10.1.  India Used Power Tiller Market Size in Volume and INR Value, FY’16-FY’21  and Comparison with India New Power Tiller Market

10.2.  State Wise Usage of Power Tillers across India by volume and threats from China Imported Tillers

10.3.  Segmentation, By Manufacturer (VST, KAMCO, etc)

10.4.  Segmentation, By HP (10-13.5 HP, 14-18 HP)

11. Indian Used Tractor-Attachable Equipment Market

11.1.  Typologies of Tractor-Attachable Equipment and Major Brands in the Ecosystem

11.2.  India Used Tractor-Attachable Equipment Market Size, By Volume and INR Value, FY’16-FY’21

11.3.  Indian Used Tractor-Attachable Equipment  Market Segmentation, By Type of Equipment (Rotavators, Cultivators, Sprayers, Harrows, Ploughs & Drills)

12. India Used Agricultural Equipment Market Future Outlook and Projections

12.1.    Major Growth Drivers of Used Agricultural Equipment Market In India

12.2.    India Used Agricultural Equipment Market Future Projections, By Volume and INR Value, FY’21- FY’26E

12.3.    India Used Tractor Market Future Projections, By Volume,  FY’21- FY’26E

12.4.    India Used Harvester Market Future Projections, By Volume,  FY’21- FY’26E

12.5.    India Used Power Tiller Market Future Projections, By Volume,  FY’21- FY’26E 

12.6.    India Used Tractor-Attachable Equipment Market Future Projections, By Volume,  FY’21- FY’26E

13. India Used Agricultural Equipment Financing Market Snapshot

13.1.   Value Chain Analysis and Ecosystem the Indian Used Agricultural Equipment Financing Market

13.2.   Analysis of Ground level Credit flow in Indian Agricultural Sector, FY’21

13.3.   State-wise Credit to Agriculture by Commercial Banks, FY’16-FY’21

13.4.   Key Challenges of a farmer for financing Agri-equipment purchase

13.5.   A look at Used Tractor Financing across India, FY’21 (By Volume of Tractor Financed (FY’21), and USP of major financing institutions)

13.6.  Captive Financing and it’s correlation with dealerships (Mahindra Certified Dealerships across the country, and matrix- Used Tractor Financed in FY’21 vs Eligibility restrictions among major financing companies)

13.7.  Cross Comparison: Mahindra Financial Services, Kotak Mahindra Bank, IndusInd Bank, TVS Credit, AU Small Finance Bank and Kogta Finance. (On the basis of Revenue, Vintage, Number of employees, Outstanding advances in Agriculture and allied sector, Initiatives in agri sector and USP)

14. Analyst Recommendations

14.1.  Gap analysis of the Indian Used Agricultural Equipment Market

14.2.  Opportunities in financing of Agricultural Equipment

15. Industry Speaks

15.1.  Interview- Sajith Abraham, CEO, Meratractor

15.2.  Interview- Mr. Veeresh Nagraj, Assistant General Manager, Yanmar Agrisolutions

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Products and Companies

Products

Key Markets Covered in India Used Agricultural Equipment Market

India Used Tractor Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers, FY’21
    • By Power (HP), FY’16 & FY’21
    • By Drive (2WD vs 4WD), FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Harvester Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Cutting Width, FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Hours of Usage, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Power Tiller Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Region, FY’16 & FY’21

India Used Tractor-Attachable Equipment Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By Product Types,
    • Used Rotavators Sales, By Volume, FY’21
    • Used Cultivator Sales, By Volume, FY’21
    • Used Sprayer Sales, By Volume, FY’21
    • Used Harrows Sales, By Volume, FY’21
    • Used Ploughs and Drills Sales, By Volume, FY’21

Agricultural Equipment Financing Market in India

  • Value Chain And Ecosystem of Agricultural Equipment Financing market in India
  • Key Issues and Challenges, customer’s perspective
  • Market Share of top used tractor financing companies in India, By Volume fo Tractor financed, FY’21
  • Cross-Comparison of Major Agriculture finance companies in India

Time Period Captured in the Report:

  • Historical Period: FY’16-FY’21
  • Forecast Period: FY’22-FY’26


Companies

Major Classified Websites for Used Agricultural Equipment Sales:

  • Tractorjuction.com
  • Meratractor.com
  • Khetigaadi.com
  • Escortsmolanmol.com
  • Tractorguru.com

Major Financing Companies for Used Agri-Equipment In India

  • Mahindra Finance
  • Kotak Mahindra Bank
  • IndusInd Bank
  • TVS Credit
  • AU Small Finance Bank
  • Kogta Finance

Company Profile

Company Profile Title

The report titled “Indian Used Agricultural Equipment Market Outlook to 2026 (Including Tractors, Harvesters, Power Tillers and Tractor-Attachable Equipment): Driven by rising adoption of small and marginal farmers and government subsidy to increase the demand of used equipment” provides a comprehensive analysis of the Used Agricultural Equipment market, and the financing ecosystem of such equipment in India. The report focuses on the used agricultural equipment market size, analysis of sub-markets such as India used tractor market, India used harvester market, India Power tiller market, and India tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc) market. It also focuses on segmentation of used tractor and harvester market by  New Purchase vs Used Purchase, by Manufacturers, by Power (HP), by Drive /Cutting width (where applicable), by Region, by Distribution Channels, by Vehicle Age, By Mode of Sales (Online vs Offline), by Financed vs Non-Financed Purchases by End Users, and by Organized vs Unorganized Financing.

The report also covers used power tiller market sizing and segmentation by New Purchase vs Used Purchase, by Manufacturers, by Power and by Region, along with Used tractor-attachable market size and segmentation by type ( sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.). Other major areas under focus are Indian Agricultural Sector Overview, analysis of Crop Production in India, State-wise Crop Yield Analysis, benefits of Farm Mechanization, evolution of Mechanization in the Indian Agriculture Industry, dominant Used Agriculture Equipment in India, agricultural Value Chain and Required types of Equipment, India Used Agriculture Equipment Market Ecosystem and value chain, SWOT Analysis of the Indian Used Agricultural Equipment Market, major Constraints in the Indian Used Agricultural Equipment Market, major Government Initiatives and Interventions in the Agricultural Sector in India and snapshot of Agricultural Equipment Rental and auction markets

The report concludes with future market projections on the basis of overall outlook of the Indian Used Agricultural Equipment market and analyst recommendations highlighting the major opportunities.

Indian Used Agricultural Equipment Industry

Indian Used Agricultural Equipment market grew at a CAGR of ~16.5 % by volume, and ~19.1% by transaction value, during FY’16-FY’21. Used tractors dominated the Used Agricultural Equipment in India, by volume sold, in FY’21 followed by used tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.), used power tillers and used harvesters. The market was also observed to be highly fragmented and dominated by the unorganized dealers. Apart from that, peer to peer sales are also quite frequent in India.

Ambitious government initiatives, rising adoption of mechanization in India, paired with economic feasibility of purchasing second hand equipment has led to the growth of Used Agricultural Equipment market in India.

India Used Agricultural Equipment Sub-markets

Used Tractor Market: The Used Tractor Market in India is the largest contributor to the India Used Agricultural equipment market. This market has seen a steady rise from FY’ 16 to FY’21.

Demand for used tractor is highest in states with lower average income of farmers, such as U.P. and M.P., while Punjab and Haryana have higher demand for new tractors. Online sales of used tractor has seen a recent surge, owing to the increasing traction of e-marketplaces, physical-digital hybrid marketplaces & classifieds in rural areas.

Competition Scenario among Classifieds: Classifieds are online aggregator platform acting as a portal between institutional and individual sellers of farm implements and the end customer. Classifieds such as Tractor Junction, Meratractor, Tractorguru, Khetigaadi, Molanmol are some major classifieds used for the purchase of second hand agricultural equipment.

Used Harvester Market:  Due to their high unit value, used harvester contribute significantly more in the total value of Used Agri Equipment market, while contributing very less in the total volume. The market for used harvester is highly consolidated in terms of manufacturers, with ~5 manufacturers occupying a large chunk of the market. However in terms of distribution channel, used harvester market is heavily unorganized, with majority of sales happening Peer to Peer.

Used Power tiller Market: The used power tiller market has shown a negligible growth rate, largely remaining static throughout FY’16 to FY’21. However, new barriers imposed by the Government of India on imports in 2020, is expected to significantly boost the power tiller market, and in turn increase the used power tiller market growth rate as well. The market is highly consolidated in terms of manufacturers with only 2 manufacturers capturing a majority of the market.

Used Tractor-Attachable Equipment Market: These consist ofsprayer, rotavator, cultivator, ploughs, drills and harrow. These equipment are highly dependent on the tractor market in India and are projected to have increasing adoption in the face of labor shortage due to rural to urban migration. These equipment require lower capital involvement as compared to other equipment such as tillers and tractors.

India Agricultural Equipment Financing Market: Various Initiatives by NABARD and RBI has been aimed towards increasing credit flow in the agricultural sector, by assisting private institution financially. Total outstanding credit in Agriculture by commercial banks in India has grown optimistically from FY’16 to FY’21. Some of the major financing companies in Indian Agricultural sector are Mahindra Finance, Kotak Mahindra Bank, IndusInd Bank.

India Used Agricultural Equipment Market Future Outlook and Projections

The Used Agricultural Equipment Market in India is anticipated to grow with the growing adoption of farm implements and government initiatives offering subsidies on such equipment. Over the forecast period FY’22-FY’26, the India Used Agricultural Equipment Market is further anticipated to showcase an upward trend in terms of volume and value, better than the earlier years, with the market consistently expanding. The organized financing of used agricultural equipment will have an increasing preference among the end users.

Key Markets Covered in India Used Agricultural Equipment Market

India Used Tractor Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers, FY’21
    • By Power (HP), FY’16 & FY’21
    • By Drive (2WD vs 4WD), FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Harvester Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Cutting Width, FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Hours of Usage, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Power Tiller Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Region, FY’16 & FY’21

India Used Tractor-Attachable Equipment Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By Product Types,
    • Used Rotavators Sales, By Volume, FY’21
    • Used Cultivator Sales, By Volume, FY’21
    • Used Sprayer Sales, By Volume, FY’21
    • Used Harrows Sales, By Volume, FY’21
    • Used Ploughs and Drills Sales, By Volume, FY’21

Agricultural Equipment Financing Market in India

  • Value Chain And Ecosystem of Agricultural Equipment Financing market in India
  • Key Issues and Challenges, customer’s perspective
  • Market Share of top used tractor financing companies in India, By Volume fo Tractor financed, FY’21
  • Cross-Comparison of Major Agriculture finance companies in India

Time Period Captured in the Report:

  • Historical Period: FY’16-FY’21
  • Forecast Period: FY’22-FY’26

Major Classified Websites for Used Agricultural Equipment Sales:

  • Tractorjuction.com
  • Meratractor.com
  • Khetigaadi.com
  • Escortsmolanmol.com
  • Tractorguru.com

Major Financing Companies for Used Agri-Equipment In India

  • Mahindra Finance
  • Kotak Mahindra Bank
  • IndusInd Bank
  • TVS Credit
  • AU Small Finance Bank
  • Kogta Finance

Key Topics Covered in the Report

  • Indian Agricultural Sector Overview
  • Analysis of Crop Production in India
  • State-wise Crop Yield Analysis
  • Benefits of Farm Mechanization
  • Evolution of Mechanization in the Indian Agriculture Industry
  • Dominant Used Agriculture Equipment in India
  • Agricultural Value Chain and Required types of Equipment
  • Current Level of Mechanization in Indian Farms for major crops
  • India Used Agriculture Equipment Market Ecosystem
  • Manufacturer Typologies of Farm Equipment in India
  • Value Chain Analysis of India Used Agriculture Equipment Market
  • SWOT Analysis of the Indian Used Agricultural Equipment Market
  • Major Constraints in the Indian Used Agricultural Equipment Market
  • Major Government Initiatives and Interventions in the Agricultural Sector in India
  • Snapshot: Agricultural Equipment Rental market
  • E-Nam- The online Auction Platform for the agricultural Industry
  • Indian Used Agricultural Equipment Market Size and Segmentation
  • India Used Agricultural Equipment Market Size, By Volume and Value
  • Segmentation, By Types of Equipment
  • Indian Used Tractor Market Size and Segmentation
  • Indian Used Tractor Market Size and Comparison with India New Tractor Market
  • Indian Used Tractor Market: Competition Scenario among Classifieds
  • Indian Used Harvester Market Size and Segmentation
  • Indian Used Power Tiller Market Size and Segmentation
  • Indian Used Tractor-Attachable Equipment Market
  • India Used Agricultural Equipment Market Future Outlook and Projections
  • Value Chain Analysis and Ecosystem the Indian Used Agricultural Equipment Financing Market
  • Captive Financing and it’s correlation with dealerships
  • Gap analysis of the Indian Used Agricultural Equipment Market
  • Key Success Mantras for a Market Entrant in Classified for Used Agri-equipment Market
  • Opportunities in financing of Agricultural Equipment
  • Industry Speaks
READ MORE

Scope

1. Executive Summary

2. Market Overview

2.1.   Indian Agricultural Sector Overview and Contribution of Indian Agriculture to India’s GDP

2.2.   Analysis of Crop Production (Kharif vs Rabi Crops, Land Area under major crops) in India in FY’21

2.3.   State-wise Crop Yield Analysis in FY’20

2.4.   Benefits of Farm Mechanization

2.5.   Evolution of Mechanization in the Indian Agriculture Industry

2.6.   Dominant Used Agriculture Equipment in India

2.7.   Agricultural Value Chain and Required types of Equipment

2.8.   Current Level of Mechanization in Indian Farms for major crops (Paddy, Wheat, Cotton, etc)

3. Industry Analysis: India Used Agriculture Equipment Market

3.1.   India Used Agriculture Equipment Market Ecosystem

3.2.   Manufacturer Typologies of Farm Equipment in India

3.3.   Value Chain Analysis of India Used Agriculture Equipment Market

3.4.   SWOT Analysis of the Indian Used Agricultural Equipment Market

3.5.   Major Constraints in the Indian Used Agricultural Equipment Market

4. Government Interventions

4.1.   Major Government Initiatives and Interventions in the Agricultural Sector in India (From Pre-1980 era to 2021)

4.2.   Coverage on Sub-mission on agricultural mechanization, 2020-2021

4.3.   Coverage on Announcements under Atma Nirbhar Bharat Abhiyan

4.4.   Coverage on Other Major Schemes Impacting Farm Mechanization in India (such as National Food Security Mission, Rashtriya Krishi Vikas Yojana, Mission for Integrated Development of Horticulture)

5. Analysis of Allied Sub-sectors in the Agriculture Equipment Ecosystem

5.1.   Snapshot: Agricultural Equipment Rental market

5.2.   E-Nam- The online Auction Platform for the agricultural Industry

6. Indian Used Agricultural Equipment Market Size and Segmentation

6.1.   Used Agricultural Equipment Market Size (in Volume and GTV in INR Value), FY’16-FY’21

6.2.   Segmentation of Used Agricultural Equipment Market size, FY’16 & FY’21, by:

  • Used Tractors (Volume and GTV in INR value) – includes all types – tractors used for agriculture, ground handling, construction, etc as difficult to segregate in aftermarket.
  • Used Harvesters(Volume and GTV in INR value)
  • Used Power Tillers (Volume and GTV)
  • Used Tractor-Attachable Equipment (GTV in INR value; includes Rotavators, Cultivators, Sprayers, Harrows, Ploughs & Drills)

7. Indian Used Tractor Market Size and Segmentation

7.1.   Used Tractor Market Size in Volume and INR Value, FY’16-FY’21 and  Comparison with India New Tractor Market

7.2.   Segmentation, By Region (By Top 5 States)

7.3.   Segmentation, By Manufacturers (Such as Mahindra, Sonalika, etc.)

7.4.   Segmentation, By Power (HP) (0-25 HP, 26-50 HP, Above 50 HP)

7.5.   Segmentation, By Vehicle Age (0-5 Years, 6-10 Years, 11-15 years)

7.6.   Segmentation, By Drive (2 Wheel Drive & 4 Wheel Drive)

7.7.   Segmentation, By Mode of Financing (Organized Financing, Unorganized Financing, Non-financed/Cash purchases)

7.8.   Segmentation, By Distribution Channels (OEM Certified Dealers, Multi-brand Dealers, Peer to Peer Sales, Sales through classifieds/ e-marketplaces)

7.9.   Segmentation, By Mode of Sales (Online vs Offline)

8. Indian Used Tractor Market: Competition Scenario among Classifieds

8.1.    Business Model of Classified Market in India Used Agricultural Equipment Market

8.2.   Competitive Landscape of the Classifieds in India Used Tractor Market (Business model, geographies served, traction, vintage)

8.3.    Company Profile: Tractor Junction

8.4.    Company Profile: Meratractor

8.5.    Company Profile: Khetigaadi

8.6.    Company Profile: Molanmol

8.7.    Company Profile: TractorGuru

9. Indian Used Harvester Market Size and Segmentation

9.1.   Used Harvester Market Size in Volume and INR Value, FY’16-FY’21  and Comparison with India New Harvester Market

9.2.   Segmentation, By Region (North, East, South, West)

9.3.   Segmentation, By Manufacturers (Track Type Harvesters) such as Kubota CLAAS, etc.

9.4.   Segmentation, By Cutting Width (1-7 ft, 8-14 ft, Above 14 ft)

9.5.   Segmentation, By Vehicle Age (0-5 Yrs, 6-10 Yrs, 10-15 Yrs)

9.6.   Segmentation, By Number of Hours Used (Less than 1000 hrs, 1001-2000 Hrs, …., 6001-7000 Hrs, Above 7000 Hrs)

9.7.   Segmentation, By Mode of Financing (Organized Financing, Unorganized Financing, Non-financed/Cash purchases)

9.8.   Segmentation, By Distribution Channels  (OEM Certified Dealers, Multi-brand Dealers, Peer to Peer Sales)

9.9.   Segmentation, By Mode of Sales (Online vs Offline)

10. Indian Used Power Tiller Market Size and Segmentation

10.1.  India Used Power Tiller Market Size in Volume and INR Value, FY’16-FY’21  and Comparison with India New Power Tiller Market

10.2.  State Wise Usage of Power Tillers across India by volume and threats from China Imported Tillers

10.3.  Segmentation, By Manufacturer (VST, KAMCO, etc)

10.4.  Segmentation, By HP (10-13.5 HP, 14-18 HP)

11. Indian Used Tractor-Attachable Equipment Market

11.1.  Typologies of Tractor-Attachable Equipment and Major Brands in the Ecosystem

11.2.  India Used Tractor-Attachable Equipment Market Size, By Volume and INR Value, FY’16-FY’21

11.3.  Indian Used Tractor-Attachable Equipment  Market Segmentation, By Type of Equipment (Rotavators, Cultivators, Sprayers, Harrows, Ploughs & Drills)

12. India Used Agricultural Equipment Market Future Outlook and Projections

12.1.    Major Growth Drivers of Used Agricultural Equipment Market In India

12.2.    India Used Agricultural Equipment Market Future Projections, By Volume and INR Value, FY’21- FY’26E

12.3.    India Used Tractor Market Future Projections, By Volume,  FY’21- FY’26E

12.4.    India Used Harvester Market Future Projections, By Volume,  FY’21- FY’26E

12.5.    India Used Power Tiller Market Future Projections, By Volume,  FY’21- FY’26E 

12.6.    India Used Tractor-Attachable Equipment Market Future Projections, By Volume,  FY’21- FY’26E

13. India Used Agricultural Equipment Financing Market Snapshot

13.1.   Value Chain Analysis and Ecosystem the Indian Used Agricultural Equipment Financing Market

13.2.   Analysis of Ground level Credit flow in Indian Agricultural Sector, FY’21

13.3.   State-wise Credit to Agriculture by Commercial Banks, FY’16-FY’21

13.4.   Key Challenges of a farmer for financing Agri-equipment purchase

13.5.   A look at Used Tractor Financing across India, FY’21 (By Volume of Tractor Financed (FY’21), and USP of major financing institutions)

13.6.  Captive Financing and it’s correlation with dealerships (Mahindra Certified Dealerships across the country, and matrix- Used Tractor Financed in FY’21 vs Eligibility restrictions among major financing companies)

13.7.  Cross Comparison: Mahindra Financial Services, Kotak Mahindra Bank, IndusInd Bank, TVS Credit, AU Small Finance Bank and Kogta Finance. (On the basis of Revenue, Vintage, Number of employees, Outstanding advances in Agriculture and allied sector, Initiatives in agri sector and USP)

14. Analyst Recommendations

14.1.  Gap analysis of the Indian Used Agricultural Equipment Market

14.2.  Opportunities in financing of Agricultural Equipment

15. Industry Speaks

15.1.  Interview- Sajith Abraham, CEO, Meratractor

15.2.  Interview- Mr. Veeresh Nagraj, Assistant General Manager, Yanmar Agrisolutions

Research Methodology

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Products

Key Markets Covered in India Used Agricultural Equipment Market

India Used Tractor Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers, FY’21
    • By Power (HP), FY’16 & FY’21
    • By Drive (2WD vs 4WD), FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Harvester Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Cutting Width, FY’21
    • By Region, FY’16 & FY’21
    • By Distribution Channels, FY’21
    • By Vehicle Age, FY’21
    • By Hours of Usage, FY’21
    • By Mode of Sales (Online vs Offline), FY’16 & FY’21
    • By Financed vs Non-Financed Purchases by End Users, FY’16 & FY’21
    • By Organized vs Unorganized Financing, FY’16 & FY’21

India Used Power Tiller Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By,
    • By New Purchase vs Used Purchase, FY’16-FY’21
    • By Manufacturers (Track Type Harvesters), FY’21
    • By Power (HP), FY’16 & FY’21
    • By Region, FY’16 & FY’21

India Used Tractor-Attachable Equipment Market

  • Market Size, By Volume and Value, FY’16-FY’21
  • Market Segmentation By Product Types,
    • Used Rotavators Sales, By Volume, FY’21
    • Used Cultivator Sales, By Volume, FY’21
    • Used Sprayer Sales, By Volume, FY’21
    • Used Harrows Sales, By Volume, FY’21
    • Used Ploughs and Drills Sales, By Volume, FY’21

Agricultural Equipment Financing Market in India

  • Value Chain And Ecosystem of Agricultural Equipment Financing market in India
  • Key Issues and Challenges, customer’s perspective
  • Market Share of top used tractor financing companies in India, By Volume fo Tractor financed, FY’21
  • Cross-Comparison of Major Agriculture finance companies in India

Time Period Captured in the Report:

  • Historical Period: FY’16-FY’21
  • Forecast Period: FY’22-FY’26


Companies

Major Classified Websites for Used Agricultural Equipment Sales:

  • Tractorjuction.com
  • Meratractor.com
  • Khetigaadi.com
  • Escortsmolanmol.com
  • Tractorguru.com

Major Financing Companies for Used Agri-Equipment In India

  • Mahindra Finance
  • Kotak Mahindra Bank
  • IndusInd Bank
  • TVS Credit
  • AU Small Finance Bank
  • Kogta Finance