Indian Used Agricultural Equipment Market is expected to grow at a CAGR of ~22.7% between FY’21 to FY’26: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Rapid adoption of mechanization of Indian agriculture, fueled by purchase subsidies offered by the Government has driven the growth of Used Indian Agricultural Equipment Market in India.” Despite the impact of COVID induced lockdowns, the agriculture sector has observed a robust growth rate of ~3.4 % at constant prices during FY’21. The Indian used agricultural equipment market has seen a steady growth which can be attributed to the recent government initiatives, rising adoption of mechanization in India, paired with economic feasibility of purchasing second hand equipment for Indian farmers. The used tractor market dominated the overall used agricultural equipment market by contributing ~81% of the total sales in terms of volume. Active initiatives taken by Government: Government launching initiatives such as Sub-mission for Agricultural mechanization, which offers ~40-60% subsidies on purchase of farm implements, will lead to increase in the sales of farm implements, which in turn will enhance the sale of used agricultural equipment. Other initiatives such as National Food Security mission and Rashtriya Krishi Vikas Yojna have also announced substantial subsidies for purchase of farm equipment. The Used Tractor Market- flagbearer of used agricultural equipment market: The used tractor market is expected to grow at an optimistic pace by FY’26. Used tractors market is predicted to grow faster than the new tractor market, as more and smaller & marginal farmers get involved in the purchase. Among the sub-markets, Used Harvester market is anticipated to grow the fastest, with northern region having the highest demand for used harvesters, where local companies such as New Heera, Balkar, Malkit also contribute to harvester supply. However, in terms of total unit sales, harvester market is the smallest in size due to the high price associated with the product. Increase in regional demand contributing to augmenting the domestic power tiller market: The demand for used harvesters is driven from southern and western states, while power tillers have a growing demand in the north eastern states, which have more step-farming where power tillers are ideal for operations. Also, to boost domestic sales for power tillers, Government of India has increased import restrictions on Chinese power tillers which were an increasing threat to domestic market. Agricultural Financing and the role of captive financing entities: Organized finance purchase has seen a CAGR growth of ~29% for used tractors, which still remains the top financed commodity among used agricultural equipment. Mahindra Finance, Kotak Mahindra Bank, IndusInd Bank, TVS Credit, AU Small Finance Bank and Kogta Finance are some of the major financing companies for used tractor. With Mahindra finance leveraging its vast reach of Mahindra certified dealerships across India for captive financing, it dwarfs the competition by a huge margin. 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” by Ken Research suggested that the India used agricultural equipment market is expected to grow further in the near future, with increasing adoption of farm implements among Indian farmers. The market is expected to register a positive CAGR of ~22.7% in terms of volume sold, during the forecast period of FY’21-FY’26. 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, 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 Key Target Audience:- Construction Chemical companies Concrete Additive companies Waterproofing companies Adhesive and Sealant Companies Repair and Rehabilitation Chemical companies 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 For More Information on the research report, refer to below link:- Indian Used Agricultural Equipment Market Related Reports:- Indonesia Agriculture Equipment Market Outlook to 2025 – By Tractors Market (2 Wheeled & 4 Wheeled Tractors; < 40HP, 40-70HP & >70HP Tractors; Combine Harvesters Market (Less than 70HP, 70HP and >70HP); Rice Transplanters Market; Implements Market (Rotavator, Plough, Harrow, Fertilizer Spreaders & Others); and Regional Demand of Agriculture Equipment (Java, Sulawesi, Sumatra, Kalimantan & Others) India Tractor Market Outlook to 2025- By Vehicle Category (Agriculture and Commercial), Registration by Region (North, East, West, South) and Registration by State Myanmar Agriculture Machinery Market Outlook To 2025: Driven By Growth In Machinery Supply And Government’s Focus On Agriculture Mechanization In The Country Vietnam Agricultural Machinery Market Outlook To 2025- Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Below 12 HP, 12HP-35HP, And Above 35HP, By Region: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Red River Delta and South East), Combine Harvester Market, Rice Transplanters Market and Agriculture Implements Market (By Product Type: Rotavator, Plough, Harrow, Fertilizer Spreaders and Others) Follow Us:- LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Post Views: 29 Tags: Agricultural Equipment in Bihar, Agricultural Equipment in Gujarat, Agricultural Equipment in Madhya Pradesh, Agricultural Equipment in Maharashtra, Agricultural Equipment in Rajasthan, Agricultural Equipment in Uttar Pradesh, AU Small Finance Bank Used Agricultural Equipment Market Size, Covid-19 Impact India Used Agricultural Equipment Industry, Covid-19 Impact India Used Agricultural Equipment Market, Escortsmolanmol.com Used Agricultural Equipment Market Sales, Evaluation Study India Used Agricultural Equipment Market, Evaluation Summary Report India Used Agricultural Equipment Market, Evaluative Survey India Used Agricultural Equipment Market, India Agricultural Drills Market, India Agricultural Equipment Loan, India Agricultural Ploughs Market, India Agricultural Sprayer Market, India Cultivator Market, India Farm Implements Market, India Harrows Market, India Harvester Market, India Power Tiller Market, India Rotavator Market, India Tractor Market, India Used Agricultural Drills Market, India Used Agricultural Equipment Due Diligence Report, India Used Agricultural Equipment Financing Market, India Used Agricultural Equipment Growth Strategy Market Report, India Used Agricultural Equipment Industry, India Used Agricultural Equipment Industry Research Report, India Used Agricultural Equipment Loan, India Used Agricultural Equipment Market, India Used Agricultural Equipment Market Analysis, India Used Agricultural Equipment Market Competition, India Used Agricultural Equipment Market Competition Benchmarking, India Used Agricultural Equipment Market Evaluation Report, India Used Agricultural Equipment Market Forecast, India Used Agricultural Equipment Market Future Outlook, India Used Agricultural Equipment Market Growth, India Used Agricultural Equipment Market Major Players, India Used Agricultural Equipment Market Research Report, India Used Agricultural Equipment Market Revenue, India Used Agricultural Equipment Market Revenue Forecasting, India Used Agricultural Equipment Market Sales, India Used Agricultural Equipment Market Shares, India Used Agricultural Equipment Market Size, India Used Agricultural Equipment Market Trends, India Used Agricultural Ploughs Market, India Used Agricultural Sprayer Market, India Used Cultivator Market, India Used Farm Implement Loan, India Used Harrows Market, India Used Harvester Market, India Used Power Tiller Market, India Used Rotavator Market, India Used Tractor Market, Indian Used Agricultural Equipment Industry, Indian Used Agricultural Equipment Market, Indian Used Tractor Attachable Equipment Market, IndusInd Bank Used Agricultural Equipment Market Revenue, Industry Research Report Of India Used Agricultural Equipment, Khetigaadi.com Used Agricultural Equipment Market Sales, Kogta Finance Used Agricultural Equipment Market Revenue, Kotak Mahindra Bank Used Agricultural Equipment Market Shares, Mahindra Finance Used Agricultural Equipment Market Size, Market Research Report Of India Used Agricultural Equipment, Meratractor.com Used Agricultural Equipment Market Sales, Social Evaluation Research India Used Agricultural Equipment Market, Tractorguru.com Used Agricultural Equipment Market Sales, Tractorjuction.com Used Agricultural Equipment Market Sales, TVS Credit Used Agricultural Equipment Market Sales, Used Agricultural Equipment Industry In India, Used Agricultural Equipment Market In India, Write An Evaluation Report On India Used Agricultural Equipment Market