The recently published market intelligence report by FutureWise titled 'Low HP Tractor Market in India: Opportunity Analysis and Industry Forecast, 2019-2026', examines the global market in terms of HP, by wheel drive, and zones for the period 2019 to 2026.
The low HP tractor market in India is driven by the rising need for advanced agriculture machinery to cater to the ever-increasing demand for agricultural products, from the eastern and central parts of the country. Various initiatives taken by the government such as Kisan Credit Card (KCC), Rashtriya Krishi Vikas Yojna, subsidies on electricity, fertilizers, etc will drive the growth of the market.
Key market players are assissting small farmers who can't afford expensive tractors, by renting agricultural machinery who cannot afford expensive tractors. For example, Mahindra has launched a tractor rental service- Trringo. The widening adoption of farm mechanization methods that aid to improvise the crop production will encourage transformation in the market in next few years.

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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.
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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
Introduction
Research Methodology
Research Process
Market Definition
• Base Year
• Scope of Study
• Market Segmentation by HP
• Market Segmentation by Wheel Drive (WD)
• Market Segmentation by Zones
Table of Contents
Key Caveats
Inclusions
Exclusions
Currency Conversion
Market Derivation
Market at a Glance
Introduction
• 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
• Increased Financial Support from the Indian Government
• Growth in Agricultural Productivity and Exports
• 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
• 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
• 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
• Market Overview
• Market Size and Forecast
Low HP Tractor Market In India
• 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
• Market Overview
• Market by Wheel Drive
• 2WD Tractor Market
• Market Size & Forecast
• 2WD Tractor Market by Zones
• 4WD Tractor Market
• Market Size & Forecast
• 4WD Tractor Market by Zones
Market by HP
• 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
• Market Overview
North Zone
• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD
South Zone
• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD
West Zone
• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD
East Zone
• Market Size & Forecast
• Tractor Market by HP
• Tractor Market by WD

Competitive Landscape
Market Share Analysis
Brand Loyalty
Sales and Exports

Company Profiles
Mahindra
• Business Overview
• Mahindra in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
TAFE
• Business Overview
• TAFE in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
International Tractors Ltd
• Business Overview
International Tractors Ltd. in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
Escorts
• Business Overview
• Escorts in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities

Deere and Company
• Business Overview
• John Deere in Low HP Tractor Market
• Major Product Offerings
• Key Strategies
• Key Strengths
• Key Opportunities
CNH Industrial
• 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
• Business Overview
Indo Farm
• Business Overview
Captain Tractors
• Business Overview
Force Motors
• Business Overview
VST Tillers Tractors
• Business Overview
Standard Corp.
• Business Overview
Preet Group
• Business Overview
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