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Tractor market in India: Focus on less than 20 HP and more than 50 HP segment

  • January 2016
  • -
  • GrowthPraxis
  • -
  • 34 pages

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This report focuses on the tractor industry in India and its emerging trends. Prime reason for focusing specifically on less than <20 HP and >50 HP market is to provide a detailed analysis of this new and dynamic segments are to drive the market in the coming years. Add to the fact that these segments are not captured in systematic fashion and analysis.

Research for the report was conducted by performing interviews with several industry experts (Manufacturers, Dealers, End consumers) in different regions of India along with an extensive review of literature, statistics and reports published by relevant organizations concerned with the Tractors and Farm equipment industry. The report will act as a guide for tractor manufacturer looking to grow/sustain their market in India.

The factors like government initiatives in farm mechanization, decreasing farm labor and good credit support is driving the Indian tractor market. Central and Western region are exhibiting healthy growth compared to other regions when it comes to less than 20HP tractor segment.

The objective of this report is to provide data and insights around the two important sub segments of the Indian tractor market, less than 20HP and more than 50HP tractors. The report provides current market size for tractors (2015) and forecasts the demand for these products until 2020. The report also covers information around market shares by HP segments, penetration of tractors by states/regions among others.

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