Low HP Tractor Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
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.
Report Summary
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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
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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
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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
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Increased Financial Support from the Indian Government
Growth in Agricultural Productivity and Exports
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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
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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
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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
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Market Overview
Market Size and Forecast
Low HP Tractor Market In India
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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
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Market Overview
Market by Wheel Drive
2WD Tractor Market
Market Size & Forecast
2WD Tractor Market by Zones
4WD Tractor Market
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Market Size & Forecast
4WD Tractor Market by Zones
Market by HP
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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
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Market Overview
North Zone
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Market Size & Forecast
Tractor Market by HP
Tractor Market by WD
South Zone
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Market Size & Forecast
Tractor Market by HP
Tractor Market by WD
West Zone
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Market Size & Forecast
Tractor Market by HP
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Tractor Market by WD
East Zone
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Market Size & Forecast
Tractor Market by HP
Tractor Market by WD
Competitive Landscape
Market Share Analysis
Brand Loyalty
Sales and Exports
Company Profiles
Mahindra
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Business Overview
Mahindra in Low HP Tractor Market
Major Product Offerings
Key Strategies
Key Strengths
Key Opportunities
TAFE
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Business Overview
TAFE in Low HP Tractor Market
Major Product Offerings
Key Strategies
Key Strengths
Key Opportunities
International Tractors Ltd
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Business Overview
International Tractors Ltd. in Low HP Tractor Market
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Major Product Offerings
Key Strategies
Key Strengths
Key Opportunities
Escorts
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Business Overview
Escorts in Low HP Tractor Market
Major Product Offerings
Key Strategies
Key Strengths
Key Opportunities
Deere and Company
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Business Overview
John Deere in Low HP Tractor Market
Major Product Offerings
Key Strategies
Key Strengths
Key Opportunities
CNH Industrial
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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
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Business Overview
Indo Farm
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Business Overview
Captain Tractors
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Business Overview
Force Motors
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Business Overview
VST Tillers Tractors
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Business Overview
Standard Corp.
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Business Overview
Preet Group
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Business Overview
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