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India Tractor Market - 2023 | Techsci Research

India Tractor Market By Power Output, By Drive Type, By Application, Competition Forecast & Opportunities, FY2013 – FY2023. Read - https://bit.ly/2GDX8SJ

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India Tractor Market - 2023 | Techsci Research

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  1. India Tractor Market, By Power Output, By Drive Type, By Application, Competition Forecast & Opportunities, FY2013–FY2023 M a r k e t I n t e l l i g e n c e. C o n s u l t i ng Published: May,2018

  2. T a b l e o f C o n t e n ts ©TechSci Research

  3. T a b l e o f C o n t e n ts ©TechSci Research

  4. T a b l e o f C o n t e n ts ©TechSci Research

  5. P r o d u c tO v e r v i ew ProductDefinition Tractor is defined as a motor vehicle with large rear tires, used primarily for agricultural purposes like farming, ploughing,etc. Classification According to PowerOutput Classification According to Application 5 ©TechSci Research

  6. R e s e a r c h M e t h o d o l o gy Market Profiling • In-depth secondary research was conducted to determine top players in the India Tractor market, overall market size and segmental marketsize. Research& Intelligence Data Collection DataFilter &Analysis Actionable Insights Business Solution FormulatingQuestionnaire • In order to conduct industry experts’ interviews, TechSci formulated a detailedquestionnaire. • Identifying KeyOpinion Leaders • QuestionnaireDesign • In-depthInterviews Developing List ofRespondents A • Recent • Developments • Market Changing Aspects/Dynamics • Government Policies • FinalConclusion Primary Research • List of industry players and industry specialists wasdeveloped. B Desk Research DataCollection C Company Analysis • TechSci conducted interviews with industry experts and industry players for data collection and verification. • MarketParticipants • KeyStrengths DataValidation Primary Research Secondary Research PaidSources • Data obtained as a result of primary and secondary research was validated through rigoroustriangulation. • LinkedIn • TechSciInternal Database • Company Website • CompanyAnnual Reports • White PaperStudy • FinancialReports • Investor • Presentations • Regulatory Body • Associations,etc. • Factiva • Hoovers DataAnalysis • The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis etc., to obtain qualitative and quantitative insights about the India Tractor market. 6 ©TechSci Research

  7. R e s e a r c h M e t h o d o l o gy BaselineMethodology: For the study, TechSci Research has gathered information through primary research surveys with leading tractor OEMs operating across the country. We also put through an exhaustive search of credible paid databases, such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the India tractor market. While compiling the data, we have also cross checked all the collected information from multiple sourcesanddatawarehouses,soastopresentthemostaccurateandpreciseinformationoftheconcernedindustry. Market Size CalculationTechnique: PrimaryResearch For the preparation of the India tractor market report, bottom-up model has been used, which has been later cross- validated by using top-down approach. TechSci interviewed senior managers and regional managers of the prominent tractor OEMs using Delphi technique for calculating the India tractor market size. Respondents were also asked about the current and future growth rates, market share by vehicle type, etc. All the information gathered was carefully analyzed.Datapointswhichexhibitedhighdeviationsfromthemajorityestimateswereeliminatedasoutliersandthe remaining refined data points were put together to arrive at the volumedata. 7 ©TechSci Research

  8. R e s e a r c h M e t h o d o l o gy Primary Research – Few of the CompaniesInterviewed SecondaryResearch: Wehavealsoputthroughanexhaustivesearchofcrediblepaiddatabases,suchasFactiva,Hoovers,etc.,inaddition to our internal database. Further analysis of credible publications, white papers, companies’ annual reports, investor presentations, news articles, etc., was done to cross-validate the end findings derived from primaryresearch. 8 ©TechSci Research

  9. R e s e a r c h M e t h o d o l o gy Forecasting Technique: The team has done forecasting on the basis of econometric and judgemental analysis in addition to statistical techniques, such as averaging and geometric mean. During primary interviews, questions regarding historical trends of tractor market during the last five years were put forward. Respondents were asked about the current and future growth rates, market share by vehicle type, across the country. In order to forecast the India tractor market, following forecast techniques have beenused: • Time SeriesAnalysis • Econometric and JudgmentalAnalysis • Moving Average 9 ©TechSci Research

  10. I n d u s t r yB r i ef Rising mechanization in agriculture to drive growth in India Tractor Market over10% through2023 According to TechSci Research report, “India Tractor Market, By Power Output, By Drive Type, By Application, Competition Forecast & Opportunities, 2013 –2023”, the market for tractors in India is projectedto grow at a CAGR of more than 10% during the forecast period. Anticipated growth in India tractor market can be attributed to growing demand for food products and increasing labor cost in the country. Moreover, rising technological advancements in tractor manufacturing processes has allowed agricultural machinery manufacturers to offer tractors at affordable prices, thereby further propelling their adoption across the country. Mahindra & Mahindra & TAFE are the most recognized tractor manufacturers across the country as more than 30% of the respondents expressed knowledge of brands, in a voice of customer survey conducted by TechSci Research. Moreover, Mahindra & Mahindra grabbed the highest satisfaction level among all the customer sections across thecountry. With more than half of the volume share in FY2017, 40-100 HP tractor category dominated India tractor market on the back of high demand for these tractors in the agriculture sector. On the basis of drive type, India tractor market is segmented into 2-wheel drive and 4-wheel drive. 2-wheel drive is the most preferred drive type for tractors across the country. However, 4-wheel tractor sales are anticipated to grow at a fast pace during the forecast period. Among different applications, agricultural tractors dominated the India tractor market in 2017. Further, a large demand for tractors emanates from North India due to the region’s large population base and huge arable land area. Mahindra & Mahindra Limited is the market leader in India tractor market, followed by Tractors And Farm Equipment Ltd. (TAFE), and International Tractors Ltd. “Increasing focus of the tractor manufacturers towards producing affordable yet reliable tractors, along with growing preference towards high powered tractors is expected to have a huge positive impact on India tractor market in the foreseeable future. Moreover, rising demand for food coupled with various major manufacturers focussing on increasing production of tractors and expanding their product portfolio would significantly boost demand for tractors across India during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consultingfirm. 10 ©TechSci Research

  11. S a m p l e D a t a - S n a p s h ot Figure 8: India Tractor Market - BrandSatisfaction Level, By Maintenance Cost(N=XX) Figure 2: India Tractor Market -Brand Switching(N=XX) Figure 1: India Tractor Market - Factors Influencing Purchase Decision(N=XX) Price 50.00% JohnDeere 50.00% Load CarryingCapacity TAFE Yes No Figure 16: India Tractor Market Share,By Region, By Volume, FY2017 &FY2023F MaintenanceCost Sonalika FY2017 GovernmentSupport North, 20.00% East, 20.00% Mahindra& Mahindra West, 20.00% South, 20.00% Financial Assistance by Company Figure 12: India Tractor Market Share,By Power Output, By Volume,FY2013-FY2023F CAGR FY2018E- FY2023F By Value:XXX By Volume: XXX CAGRFY2013- FY2017 60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00%60.00% By Value:XXX By Volume: XXX 40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00% 40 & Under100 HP Under 40HP Source:XXXXX Note: These are dummy figures; please purchase our report for actualdata 11 Value (USDBillion) Volume (ThousandUnit) ©TechSci Research

  12. R e p o r tO r d e r i ng Report Name: India Tractor Market, By PowerOutput, By Drive Type, By Application, Competition Forecast &Opportunities, 2023 ReportPrice To View Sample OR PurchaseReport 12 ©TechSci Research

  13. A b o u tU s & D i s c l a i m er AboutUs TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry- specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in themarket. RelatedReports India Tire Market Forecast & Opportunities, 2022 Malaysia Tire Market Forecast & Opportunities,2022 Brazil Retreading Tire Market Forecast & Opportunities,2022 Partial List ofClients Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSciResearch. TechSci Research – NorthAmerica 708 Third Avenue,Manhattan, New York, UnitedStates Tel: +1- 646- 360-1656 Email:sales@techsciresearch.com www.techsciresearch.com TechSci Research –Europe 54, Oldbrook, Bretton, Peterborough, UnitedKingdom Email:sales@techsciresearch.com www.techsciresearch.com TechSci Research –Africa B – 44, Sector -57, Noida,National Capital Region, U.P. -India Tel:+91-120-4523900 Email:sales@techsciresearch.com www.techsciresearch.com 13 ©TechSci Research

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