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

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

India Agricultural Tractor Market Share

Statistics for the 2023 & 2024 India Agricultural Tractor market share, created by Mordor Intelligence™ Industry Reports. India Agricultural Tractor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of India Agricultural Tractor Industry

The agricultural tractor market in India is consolidated, with large global and domestic manufacturers holding dominant positions. Farmers show a strong preference for established brands due to quality assurance and reliable after-sales services. The market's largest share is held by key players including Mahindra & Mahindra Ltd, Tractor and Farm Equipment Ltd (TAFE), International Tractor Ltd, Escorts Limited, and John Deere India Private Limited. These companies focus their investments on product development, expansion initiatives, and strategic acquisitions. Research and development remains a priority area, particularly for introducing new products at competitive price points.