India Tractor Market Outlook to 2025

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 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 include 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 other. 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 are of the Indian origin and are produced here only. Agricoop and NABARD have taken various initiatives to push forward the growth of the Industry.

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