India Tractor Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 6.37% (2025-2033)
The growing interest in precision farming is driving the demand for specialized tractors equipped with advanced implements and machinery capable of precision sowing, fertilization, and harvesting. According to the latest report by IMARC Group, The India tractor market size reached USD 8.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.37% during 2025-2033.
India Tractor Industry Trends and Drivers:
A prominent agricultural sector as well as the increasing mechanization of farming practices are the factors responsible for the growth of the India tractor market. Additionally, the market is propelling as tractors are playing a crucial role in improving farm productivity and efficiency. The rising demand for food production, coupled with the need to enhance yield and reduce labor dependency, is fueling the adoption of tractors across the country. Government initiatives, such as subsidies on agricultural equipment and low-interest credit schemes for farmers, are further supporting market growth. Moreover, the growing trend of contract farming and the expansion of non-agricultural uses of tractors, such as in construction and transportation, are contributing to the rising demand.
The increasing focus on advanced technologies and sustainable solutions is augmenting the India tractor market. In addition to this, manufacturers are introducing innovative models equipped with GPS, telematics, and automated systems to enhance operational efficiency and provide better control over farming activities. The demand for compact and multi-utility tractors is also on the rise, particularly among small and marginal farmers, due to their affordability and versatility. Another major trend is the shift towards electric and hybrid tractors, driven by the growing emphasis on lowering carbon emissions and promoting sustainable farming practices. Furthermore, the development of after-sales service networks and digital platforms for equipment maintenance and spare parts is improving customer satisfaction and boosting market penetration. The continued modernization of agriculture and favorable policies made by government authorities are expected to drive sustained growth in the India tractor market over the forecasted period.
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India Tractor Industry Segmentation:
The report has segmented the market into the following categories:
Power Output Insights:
- Below 40 HP
- 40 HP – 100 HP
- Above 100 HP
Drive Type Insights:
- 2-Wheel Drive
- 4-Wheel Drive
Application Insights:
- Agriculture
- Construction
- Mining
- Forestry
- Others
Regional Insights:
- Maharashtra
- Tamil Nadu
- Uttar Pradesh
- Gujarat
- Karnataka
- West Bengal
- Rajasthan
- Andhra Pradesh
- Telangana
- Madhya Pradesh
- Delhi NCR
- Punjab
- Haryana
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Action Construction Equipment Ltd.
- Captain Tractors Private Limited
- Escorts Kubota Limited
- Force Motors Ltd
- Indo Farm Equipment Limited
- John Deere India Private Limited (Deere & Company)
- Mahindra & Mahindra Limited
- New Holland Agriculture (CNH Industrial N.V.)
- Sonalika Group
- Standard Corporation India Limited
- Tractors and Farm Equipment Limited
- V.S.T Tillers Tractors Ltd.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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