Low HP Tractor Market in India Global Trends, Market Share, Industry Size, Growth, Opportunities

Rapid migration of India's rural population to urban areas is resulting in dwindling workforce to carry out farming tasks. Industrialisation and urbanization have taken a toll in terms of environmental issues like water shortage and shrinking agricultural/grazing lands across India. The government initiatives to support the agricultural sector with nationwide programs like Rashtriya Krishi Vikas Yojna, Kisan Credit Card and various subsidiaries are economically empowering the Indian farmers. Digitization, mobile technology and automation benefits awareness are on a rapid rise. Indian farmers understand the importance of using automotive agriculture machinery to increase crop yields, tackle crop damage during the farming process and improved soil fertility. Since not all can afford the farming tractors, manufacturers are readily implementing tractors on rent services to such farmers.

In wake of all such factors, the low HP tractor market is estimated to register an impressive CAGR with incremental revenue generation during the forecast tenure from 2019 to 2026.

Key Trends Influencing Low HP Tractor Market in India

• Climate-resilient agricultural practices and supportive technologies continue to be widely adopted across zones
• Rise in need for training programs to educate the local farmers about agricultural technology enhancements
• Empowerment of small-scale farmers
• Precision farming techniques and smart tractors to focus on irrigation management and weather forecasting
• Innovative biodiesel and battery operated tractors with low maintenance to experience a surge in demand

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Low HP Tractor Market in India, by HP

+ 0-20

+ 20-30

+ 30-40

+ 40-50

+ 50-60

+ 60+

Low HP Tractor Market in India, Wheel Drive

+ Two Wheel Drive

+ Four Wheel Drive

Manoeuvrability and ease of operating with two-wheel drive low HP tractors on Indian topographic conditions are impelling the growth of two-wheel drive segment. The two-wheeler drive segment is estimated to propel at an attractive CAGR and dominate the market in future.

Low HP Tractor Market in India, by Zone

+ North

+ South

+ West

+ East

Northern zone has high penetration due to the fertile agricultural landscape of Punjab and extreme weather conditions during various seasons. Thus this region is expected to demonstrate high CAGR due to dependency on innovative farming machinery. The Eastern zone majorly depends on innovative irrigation management and responsible for the production of rice to fulfil the demand across the country. Eastern zone is projected to grow at a steady pace during the forecast period.

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Competitive Landscape:

+ Tier 1 players- established companies in the market with a major market share

+ Tier 2 players

+ Emerging players which are growing rapidly

+ New Entrants

FutureWise Key Takeaways

+ Growth prospects

+ SWOT analysis

+ Key trends

+ Key data-points affecting market growth

Objectives of the Study:

+ To provide an exhaustive analysis on Low HP Tractor Market in India by HP, by Wheel Drive, and by Zones

+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

+ To evaluate and forecast micro-markets and the overall market

+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East

+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies

Table of Contents

Introduction

Research Methodology

Research Process

Market Definition

• Base Year
• Scope of Study
• Market Segmentation by HP
• Market Segmentation by Wheel Drive (WD)
• Market Segmentation by Zones

Key Caveats

Inclusions

Exclusions

Currency Conversion

Market Derivation

Market at a Glance

Introduction

• Overview
• Agriculture Scenario of India
• Land Holding Structures and Cropping Intensity: How Farmers Cultivate Crops
• Agricultural Exports
• Role of Tractors in Indian Agriculture

Market Dynamics

Market Growth Enablers

• Increased Financial Support from the Indian Government
• Growth in Agricultural Productivity and Exports
• Increased Adoption of Farm Mechanization
• Migration to Cities Leading to Labor Shortage
• YOY Impact of Market Growth Enablers
• YOY Impact of Market Growth Enablers on Regions

Market Growth Restraints

• Rise in Tractor Rental Programs
• Lack of Awareness about Agriculture Technology
• Marginal and Fragmented Farmlands
• Diverse Soil Conditions and Low Access to Credit in Rural Areas
• YOY Impact of Market Growth Restraints
• YOY Impact of Market Growth Restraints on Regions

Market Opportunities & Trends

• Emergence of Precision Farming Practices
• Usage of Alternate and Non-conventional Fuel in Tractors
• YOY Impact of Market Opportunities & Trends
• YOY Impact of Market Opportunities & Trends on Regions

Global Low HP Tractor Market

• Market Overview
• Market Size and Forecast

Low HP Tractor Market In India

• Market Overview
• Market Size and Forecast
• Porter’s Five Forces Analysis
• Threat of New Entrants
• Bargaining Power of Suppliers
• Bargaining Power of Buyers
• Threat of Substitutes
• Competitive Rivalry

By Wheel Drive

• Market Overview
• Market by Wheel Drive
• 2WD Tractor Market
• Market Size & Forecast
• 2WD Tractor Market by Zones
• 4WD Tractor Market
• Market Size & Forecast
• 4WD Tractor Market by Zones

Market by HP

• Market Overview
• 0–20 HP
• Market Size & Forecast
• 0–20 HP Tractor Market in India by Zones
• 20–30 HP
• Market Size & Forecast
• 20–30 HP Tractor Market in India by Zones
• 30–40 HP
• Market Size & Forecast
• 30–40 HP Tractor Market in India by Zones
• 40–50 HP
• Market Size & Forecast
• 40–50 HP Tractor Market in India by Zone
• 50–60 HP
• Market Size & Forecast
• 50–60 HP Tractor Market in India by Zone
• 60+ HP
• Market Size & Forecast
• 60+ HP Tractor Market in India by Zone

Market by Zone

• Market Overview

North Zone

• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD

South Zone

• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD

West Zone

• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD

East Zone

• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD

Competitive Landscape

Market Share Analysis

Brand Loyalty

Sales and Exports

Company Profiles

Mahindra

• Business Overview
• Mahindra in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

TAFE

• Business Overview
• TAFE in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

International Tractors Ltd

• Business Overview

International Tractors Ltd. in Low HP Tractor Market

• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

Escorts

• Business Overview
• Escorts in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

Deere and Company

• Business Overview
• John Deere in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

CNH Industrial

• Business Overview
• CNH in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
• Other Prominent Vendors

SDF

• Business Overview

Zetor

• Business Overview

Kubota

• Business Overview

ACE Tractors

• Business Overview

Indo Farm

• Business Overview

Captain Tractors

• Business Overview

Force Motors

• Business Overview

VST Tillers Tractors

• Business Overview

Standard Corp.

• Business Overview

Preet Group

• Business Overview

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About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients.