Adoption of farm mechanization in the North Zone propels demand in the India low HP tractor market . India and China are leading in the Asia-Pacific market, with market shares of 38% and 34%, respectively. One third of world's Tractor production is in India. One out of every four tractor is being purchased here. Prevalence and market share On an average around 400000 tractors are produced and their sale is 260000. Global Tractor Market - Dynamics. The Indian tractor market is expected to witness considerable growth in the coming years, buoyed by the increasing farm mechanization rate, along with the rising construction activities, driven by urbanization. The global tractor market is projected to produce over 2.8 thousand units by 2023, growing at a CAGR of around 5% during 2017-2023. Tractor market in India is about Rs 6000 crore. [231 Pages Report] Global Tractor Market Size, Share, Outlook, Trend & Tractor Market Analysis 2013 - 2023 By Power Output (Under 40 HP, 40 HP & Under 100 HP & 100 HP & Above), By Drive Type (2-Wheel Drive Vs. 4-Wheel Drive), By Application, By Region, Competition Forecast & Opportunities, The country produced 619,000 tractors in 2013, accounting for 29% of the total output worldwide. India Tractor Market Overview. The market for combine harvesters in India is dominated by self-propelled combine harvesters, who held a market share of more than 60%, in 2018. The market for self-propelled combine harvester was valued at USD 96 million in 2018 and is expected to witness a CAGR of … On an average around 400000 tractors are produced and their sale is 260000. tractor sales: Find Latest Stories, Special Reports, News & Pictures on tractor sales. ), By Product Type (Backhoe Loaders, Hydraulic Excavators, etc. The India low HP tractor market by zones is segmented into East, North, South, and West. The rapid emergence of custom hiring center model will attribute to … The country produced 619,000 tractors in 2013, accounting for 29% of the total output worldwide. Top Automobile - Tractors Stocks in India by Market Capitalization: Get the List of Top Automobile - Tractors Companies in India (BSE) based on Market Capitalization Indian tractor industry is gearing up for 'mid-teen' growth in FY17 01 Sep, 2016, 05:24AM IST Tractor marketers say the growth trot is already visible in the first quarter which places tractors among the top growth driven sectors in the auto industry. It also held a combined >42% Market Share in the sector and has clear dominance in the Market Share. ), Competition Forecast & Opportunities, CRISIL Research expects domestic tractor sales volumes to continue growth momentum from previous year, and increase by 18-20% in 2017-18, on the back of a second consecutive near normal monsoon (5% below Long Period Average) and favorable farm sentiments.

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