How big is the India Agricultural Tractor Market?

The India Agricultural Tractor Market size is expected to reach USD 7.42 billion in 2024 and grow at a CAGR of 6.70% to reach USD 10.28 billion by 2029. Read More

What is the current India Agricultural Tractor Market size?

In 2024, the India Agricultural Tractor Market size is expected to reach USD 7.42 billion. Read More

Who are the key players in India Agricultural Tractor Market?

Mahindra & Mahindra Limited, John Deere India Private Limited, TAFE Limited, Escorts Group and International Tractors Ltd (Sonalika) are the major companies operating in the India Agricultural Tractor Market. Read More

What years does this India Agricultural Tractor Market cover, and what was the market size in 2023?

In 2023, the India Agricultural Tractor Market size was estimated at USD 6.92 billion. The report covers the India Agricultural Tractor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Agricultural Tractor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major factors driving the Indian Agricultural Machinery Market?

The major factors driving the Indian Agricultural Machinery Market are a) Supportive government policies and subsidies promoting farm mechanization b) Increased income allowing farmers to invest in modern equipment Read More

Tractor Industry in India - Market Share & Growth

Tractor Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The India Agricultural Tractor Market Report is Segmented by Engine Power (Less Than 30 HP, 31-50 HP, 51-80 HP, and Above 80 HP), Drive Type (Two-Wheel Drive and Four-Wheel Drive), Application (Row Crop Tractors, Orchard Tractors, and Other Applications), and Geography (Uttar Pradesh, Madhya Pradesh, Maharashtra, Rajasthan, Gujarat, and Others). The Report Offers Market Estimation and Forecast in Value (USD) for the Abovementioned Segments.

India Agricultural Tractor Machinery Industry Overview

The agricultural tractor market in India is consolidated and dominated by large global and domestic manufacturers, and farmers prefer trusted brands for quality assurance and better after-sales services. Mahindra & Mahindra Ltd, Tractor and Farm Equipment Ltd (TAFE), International Tractor Ltd, Escorts Limited, and John Deere India Private Limited are some leading players occupying the highest share in the market. These major players are investing in new products and improvisation of products, expansions, and acquisitions for business expansions. Another significant investment area is the focus on R&D to launch new products at lower prices.