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India Wheeled Tractor Machinery Market - Growth, Trends, COVID-19 Impact, and F ...
The Indian wheeled tractor machinery market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 7% over the forecast period. Tractors provide the power and traction to automate agricultural jobs, especially tillage. Agricultural implements are towed behind a tractor, which then provides a source of power for the mechanization of implements. The agricultural usage of tractors is the largest segment in the sector. Improvement in efficiency is one of one of the reasons why tractors are popularly employed by farmers. Besides, demand from emerging economies and the high level of government support in these regions are fueling the growth of the industry.
Market Dynamics
The driving forces of the market are the increasing population, growing demand for food, and the necessity to amplify yield and productivity. Future of tractor machinery market appears optimistic. The government provides subsidies to farmers for mechanization of agriculture and this is expected to provide a steady growth in the future. Low purchasing power is a hindrance to the otherwise lucrative market.
Market Segmentation
On the basis of the wheel tractor type, the market is segmented into:
Key Industry Players
Major companies operating in the segment are:
Key Deliverables in the Study
1. Introduction
1.1 Research Methodology
1.2 Definition of the Market
1.3 Assumptions
2. Key Findings of the Study
3. Market Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Government Subsidies for Farm Mechanization
3.2.2 Growth in Adoption
3.3 Constraints
3.3.1 Low Purchasing Power and High Cost
3.3.2 Growing Urbanization and Decreasing Farmland
3.4 Opportunities
3.4.1 Shorter Replacement Cycle of Tractors Boost Sales Volume
3.4.2 Higher Tractor Penetration
3.4.3 Use of Tractors for Non-Agriculture Purpose
3.5 Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Degree of Competition
4. Market Segmentation
4.1 Wheeled Tractor
4.1.1 Utility Tractors
4.1.2 Row Crop Tractors
4.1.3 Orchard Type Tractor
4.1.4 Industrial Tractor
4.1.5 Garden Tractor
4.1.6 Rotary Tillers
4.1.7 Implement Carrier
4.1.8 Earth Moving Tractor
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most Active Companies in the Past Five Years
5.5 Market Share Analysis
6. Company Profiles
6.1 Deere and Company
6.2 CNH Global NV
6.3 Mahindra & Mahindra Ltd.
6.4 AGCO Tractor
6.5 Farmtrac Tractor Europe
6.6 Kubota Tractor Corp
6.7 McCormick Tractors
6.8 Case IH
6.9 Deutz-Fahr
6.10 Claas Tractor
6.11 Kioti Tractor
6.12 Belarus Tractor
6.13 Massey Ferguson Tractor
6.14 Caterpillar Inc.
6.15 SAME Deutz-Fahr
6.16 Fendt
6.17 Escorts
6.18 Valtra
6.19 Daedong-USA Inc.
7. Appendix
7.1 Sources
7.2 Disclaimer
