Power Tiller Market in India by Product and Size - Forecast and Analysis 2022-2026
| Published: Dec 2021 | Pages: 120 | SKU: IRTNTR71400 |
The power tiller market share in India is expected to increase by USD 39.44 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.25%.
This power tiller market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers power tiller market segmentation in India by product (gasoline/diesel powered and electric powered) and size (mini-tillers or cultivators, mid-sized front-tine tillers, and large rear-tine tillers). The power tiller market in India report also offers information on several market vendors, including BCS INDIA PVT. LTD., Benson Agro Engineering, Bull Agro Implements, E-Agro Care Machineries and Equipments Pvt. Ltd., GINWALA ADVANCED FARM EQUIPMENTS PVT LTD, Greaves Cotton Ltd., Honda India Power Products Ltd., KisanKraft Ltd., Sharp Garuda Farm Equipments Pvt. Ltd, and VST Tillers Tractors Ltd. among others.
What will the Power Tiller Market Size in India be During the Forecast Period?
Download the Free Report Sample to Unlock the Power tiller Market Size in India for the Forecast Period and Other Important Statistics
Power Tiller Market in India: Key Drivers, Trends, and Challenges
The increasing shortage of labor and wage rates is notably driving the power tiller market growth in India, although factors such as the government reconsidering the restrictions imposed on power tillers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the power tiller industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Power Tiller Market Driver in India
One of the key factors driving growth in the power tiller market in India is the increasing shortage of labor and wage rates. The average wage rate in India has increased from $2.2 to $3.2 between 2015 to 2020. The increase in wage rate for laborers in agricultural farms has led many farmers to employ power tools such as power tillers instead of laborers to tilt and cultivate the field. Moreover, the average farmer income increased by 23% between 2015 and 2021, which enabled them to buy sophisticated agricultural tools, including power tillers. The COVID-19 pandemic shrank the labor force availability rate by 20-25%, as India imposed strict lockdowns, which restricted the laborers from reaching the distant farmlands. The farmers also faced problems in getting laborers to work in agricultural fields. Hence, the market for power tillers in India is driven by increased wage rates and reduced labor force during the forecast period.
Key Power Tiller Market Trend in India
The rise in the adoption of smart agricultural equipment is another factor supporting the power tiller market share growth in India. The increasing prevalence of smart agriculture in India has boosted farmers' adaptability to sophisticated tools and techniques. The adoption of IoT-based farming equipment is helping farmers monitor their agricultural fields throughout the cultivation season. The farmers can now learn from the Kisan Suvidha App, a free app launched by the Government of India, which educates farmers on new farming techniques and informs them about tools such as power tillers. This is expected to boost the demand for power tillers during the forecast period.
Key Power Tiller Market Challenge in India
The government reconsidering the restrictions imposed on power tillers will be a major challenge for the power tiller market in India during the forecast period. The Government of India has put certain restrictions on importing power tillers and their components to promote the 'Made in India' campaign. According to the restrictions, farmers cannot import power tillers of speed exceeding 22 km/hr and which weighs more than 1 ton. The government is also deliberating to ban the diesel/gasoline power tillers and has allowed farmers to modify their diesel/gasoline power tillers to use cleaner fuels such as CNG and biofuels. Hence, such decisions of the government will restrict the growth of power tillers in India
This power tiller market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the power tiller market in India as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the power tiller market in India during the forecast period.
Who are the Major Power Tiller Market Vendors in India?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- BCS INDIA PVT. LTD.
- Benson Agro Engineering
- Bull Agro Implements
- E-Agro Care Machineries and Equipments Pvt. Ltd.
- GINWALA ADVANCED FARM EQUIPMENTS PVT LTD
- Greaves Cotton Ltd.
- Honda India Power Products Ltd.
- KisanKraft Ltd.
- Sharp Garuda Farm Equipments Pvt. Ltd
- VST Tillers Tractors Ltd.
This statistical study of the power tiller market in India encompasses successful business strategies deployed by the key vendors. The power tiller market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
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Benson Agro Engineering - The company is involved in offering 7 HP Petrol Power Weeder Machine Centre Rotary, Benson Power Weeder Machine and many more.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The power tiller market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Power Tiller Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the power tiller market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the agricultural and farm machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Distribution and logistics
- Marketing and sales
- Aftermarket and service
- Industry innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Power Tiller Market in India?
To gain further insights on the market contribution of various segments Request for a FREE sample
The power tiller market share growth in India by the gasoline/diesel powered segment will be significant during the forecast period. Gasoline/Diesel powered tillers are the most common and widely used power tillers in India. Diesel-powered tillers are ideal for small paddy fields and can be used in several applications, including tilling, plowing, sowing seeds, and harvesting crops. Hence, the multiple usages of diesel/gasoline power tillers are expected to drive the segment and have a larger market share.
This report provides an accurate prediction of the contribution of all the segments to the growth of the power tiller market size in India and actionable market insights on post COVID-19 impact on each segment.
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Power Tiller Market Scope in India |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.25% |
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Market growth 2022-2026 |
$ 39.44 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.88 |
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Regional analysis |
India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BCS INDIA PVT. LTD., Benson Agro Engineering, Bull Agro Implements, E-Agro Care Machineries and Equipments Pvt. Ltd., GINWALA ADVANCED FARM EQUIPMENTS PVT LTD, Greaves Cotton Ltd., Honda India Power Products Ltd., KisanKraft Ltd., Sharp Garuda Farm Equipments Pvt. Ltd, and VST Tillers Tractors Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Power Tiller Market in India Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive power tiller market growth in India during the next five years
- Precise estimation of the power tiller market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the power tiller industry in India
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of power tiller market vendors in India
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
**2.2: Market Characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis: Agricultural and Farm Machinery
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Distribution and logistics
*2.2.5 Marketing and sales
*2.2.6 Aftermarket and service
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 06: India - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 07: India market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
**4.3 Bargaining power of suppliers
**4.4 Threat of new entrants
**4.5 Threat of substitutes
**4.6 Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*The segments covered in this chapter are:
- *Gasoline/Diesel powered
- *Electric powered
*Exhibit 15: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 16: Comparison by Product
**5.3 Gasoline/Diesel powered - Market size and forecast 2021-2026
*Exhibit 17: Gasoline/Diesel powered - Market size and forecast 2021-2026 ($ million)
*Exhibit 18: Gasoline/Diesel powered - Year-over-year growth 2021-2026 (%)
**5.4 Electric powered - Market size and forecast 2021-2026
*Exhibit 19: Electric powered - Market size and forecast 2021-2026 ($ million)
*Exhibit 20: Electric powered - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 21: Market opportunity by Product
***6. Market Segmentation by Size
**6.1 Market segments
*The segments covered in this chapter are:
- *Mini-tillers or cultivators
- *Mid-sized front-tine tillers
- *Large rear-tine tillers
*Exhibit 22: By Size - Market share 2021-2026 (%)
**6.2 Comparison by Size
*Exhibit 23: Comparison by Size
**6.3 Mini-tillers or cultivators - Market size and forecast 2021-2026
*Exhibit 24: Mini-tillers or cultivators - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Mini-tillers or cultivators - Year-over-year growth 2021-2026 (%)
**6.4 Mid-sized front-tine tillers - Market size and forecast 2021-2026
*Exhibit 26: Mid-sized front-tine tillers - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Mid-sized front-tine tillers - Year-over-year growth 2021-2026 (%)
**6.5 Large rear-tine tillers - Market size and forecast 2021-2026
*Exhibit 28: Large rear-tine tillers - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Large rear-tine tillers - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by Size
*Exhibit 30: Market opportunity by Size
***7. Customer landscape
*Exhibit 31: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 The increasing shortage of labor and wage rates
*8.1.2 Increasing emphasis on gardening, rising number of landscaping establishments
*8.1.3 Increasing investment in power tiller products
**8.2 Market challenges
*8.2.1 Government to reconsider the restrictions imposed on power tillers
*8.2.2 Decreased demand due to low availability of spare parts
*8.2.3 Increased level of vibration
*Exhibit 32: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rise in adoption of smart agricultural equipment
*8.3.2 Burgeoning population and rise of urban farming
*8.3.3 Rise in subsistence farming and agricultural activities on slopes and rugged terrain
***9. Vendor Landscape
**9.1 Competitive scenario
**9.2 Vendor landscape
*Exhibit 40: Vendor Landscape
**9.3 Landscape disruption
*Exhibit 41: Landscape disruption
**9.4 Industry risks
*Exhibit 42: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 43: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 37: Market positioning of vendors
**10.3 BCS INDIA PVT. LTD.
*Exhibit 38: BCS INDIA PVT. LTD. - Overview
*Exhibit 39: BCS INDIA PVT. LTD. - Product and service
*Exhibit 40: BCS INDIA PVT. LTD. - Key offerings
**10.4 Benson Agro Engineering
*Exhibit 41: Benson Agro Engineering - Overview
*Exhibit 42: Benson Agro Engineering - Product and service
*Exhibit 43: Benson Agro Engineering - Key offerings
**10.5 Bull Agro Implements
*Exhibit 44: Bull Agro Implements - Overview
*Exhibit 45: Bull Agro Implements - Product and service
*Exhibit 46: Bull Agro Implements - Key offerings
**10.6 E-Agro Care Machineries and Equipments Pvt. Ltd.
*Exhibit 47: E-Agro Care Machineries and Equipments Pvt. Ltd. - Overview
*Exhibit 48: E-Agro Care Machineries and Equipments Pvt. Ltd. - Product and service
*Exhibit 49: E-Agro Care Machineries and Equipments Pvt. Ltd. - Key offerings
**10.7 GINWALA ADVANCED FARM EQUIPMENTS PVT LTD
*Exhibit 50: GINWALA ADVANCED FARM EQUIPMENTS PVT LTD - Overview
*Exhibit 51: GINWALA ADVANCED FARM EQUIPMENTS PVT LTD - Product and service
*Exhibit 52: GINWALA ADVANCED FARM EQUIPMENTS PVT LTD - Key offerings
**10.8 Greaves Cotton Ltd.
*Exhibit 53: Greaves Cotton Ltd. - Overview
*Exhibit 54: Greaves Cotton Ltd. - Business segments
*Exhibit 55: Greaves Cotton Ltd. - Key offerings
*Exhibit 56: Greaves Cotton Ltd. - Segment focus
**10.9 Honda India Power Products Ltd.
*Exhibit 57: Honda India Power Products Ltd. - Overview
*Exhibit 58: Honda India Power Products Ltd. - Product and service
*Exhibit 59: Honda India Power Products Ltd. - Key offerings
**10.10 KisanKraft Ltd.
*Exhibit 60: KisanKraft Ltd. - Overview
*Exhibit 61: KisanKraft Ltd. - Product and service
*Exhibit 62: KisanKraft Ltd. - Key offerings
**10.11 Sharp Garuda Farm Equipments Pvt. Ltd
*Exhibit 63: Sharp Garuda Farm Equipments Pvt. Ltd - Overview
*Exhibit 64: Sharp Garuda Farm Equipments Pvt. Ltd - Product and service
*Exhibit 65: Sharp Garuda Farm Equipments Pvt. Ltd - Key offerings
**10.12 VST Tillers Tractors Ltd.
*Exhibit 66: VST Tillers Tractors Ltd. - Overview
*Exhibit 67: VST Tillers Tractors Ltd. - Product and service
*Exhibit 68: VST Tillers Tractors Ltd. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*12.1.3 ????Notes and caveats
**12.2 Currency conversion rates for US$
*Exhibit 82: ?Currency conversion rates for US$?
**12.3 Research Methodology
*Exhibit 83: ?Research Methodology
*Exhibit 84: ??Validation techniques employed for market sizing?
*Exhibit 85: ??Information sources
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
power tiller market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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