India Used Agricultural Equipment Market - Revenue, Sales, Growth, Analysis, Major Players and Forecast: Ken Research

India Used Harvester Market Segmentation

By New vs Used Purchase- With the average life-span of the harvester being more than other equipment besides tractor, harvesters change hands less often. Thus, there exists a wider gap between new and used harvester market in India, with ~X new harvester being sold in FY'21 for every used harvester sold.

By Region- North region has the highest demand for used harvesters (XX%), where local companies such as New Heera, Balkar, Malkit also contribute to harvester supply.

By Manufacturers- Kubota, CLAAS and Yanmar contribute to XX% sale for used track type harvesters, with ACE and Fieldking being mid-level players.

By Cutting Width- Sale on the basis of cutting width is heavily dependent on the land holding size of the customer. Thus, for small and marginal farmers with small land holding size, it becomes impractical to purchase a larger cutting width harvester.

By Vehicle Age- Used harvesters with lower of age are the primary segment, with XX used harvesters being sold in FY'21 between 0-5 years of age.

By Hours of Use- Harvester used from 0-5000 hrs contribute to XX% of the sales of total used harvesters, with 1001-2000 hrs of usage primarily preferred (XX% market share) due to lower comparative price that newer harvesters yet having decent quality as well.

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By Mode of Financing- Organised financed purchases have seen a significant jump in the last five years, with a CAGR of XX%, fuelled by private financiers such as Sundaram Finance and Sri ram finance.

By Distribution Channel- Used harvester market is heavily unorganized and fragmented with very negligible amount being purchased from certified dealerships or online channels.

By Mode of Sales- The online market for used harvesters is in its introductory phase, with even well-established online classifieds recently entering into the used harvester segment with test pilot projects in XX states.

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India Used Power Tiller Market Size and Segmentation

The used power tiller market has shown a negligible growth rate, widely remaining static throughout FY'16 to FY'21 with a CAGR of XX%. This is mainly due to Chinese imported Power tiller cannibalizing the domestic power tiller market.

India Used Power Tiller Market Segmentation

By New Purchase vs Used Purchase- The used power tiller market has a relatively lower market size than the new power tiller market with XX thousand used power tillers being sold and XX thousand new power tillers being sold in FY'21.

By Region- Andhra Pradesh leads in the used power tiller market with a market share of XX% and ~ used power tillers sold in FY'21. Maharashtra and Assam have a market share of XX% and XX % respectively owing to higher priced of rival Chinese imported harvesters.

By Manufacturer- Power tiller manufacturing market is highly consolidated with XX% of the market share belonging to 2 players.

By Power (HP) - Low HP power tillers are majorly used in low land flooded rice fields, where power requirements are not that high.

India Used tractor-attachable equipment Market Size and Segmentation

The Used Tractor attachable equipment market is highly dependent on the tractor market of India. More often than not, these attachable are sold alongside used tractors, accounting for a comparatively lesser growth rate of CAGR XX% from FY'16 to FY'21, when compared to used tractor market CAGR of XX%.

Indian Used Tractor-Attachable Equipment Segmentation, By Type

Sprayers, Ploughs, Drills and Rotavators have shown a five year CAGR higher than the average CAGR of XX%, thus, increasing their market shares from FY'16 to FY'21. This is due to higher adoption rates of these equipment in the northern states.

India Used Agricultural Equipment Market Future Outlook and Projections

The total used agricultural equipment market is projected to rise from XX units sold in FY'21 to nearly tripling in size by FY'26, with a predicted XX units being predicted to be sold in FY'26, showcasing an expected CAGR of XX%. This rise in volume will be driven by the heightened subsidies on under the SMAM initiative, which offers up to XX% subsidy on purchase of tractors. The used tractor market will continue to grow at a pace of XX% CAGR, rising from XX units sold in FY'21 to XX units projected to sell in FY'26, growing faster than the new tractor market, as more small & marginal farmers get involved in the purchase. This demand for used harvester is expected to be primarily driven from southern and western states of India, which has seen dramatic rise in harvester demand from FY'16-FY'21, where harvester market is growing out of its introductory phase and entering growth phase.

The used power tiller market is expected to grow from XX units being sold in FY'21 to XX units projected to sell in FY'26, with a predicted CAGR of XX%. While it will still have a negligible contribution to the overall used agri-equipment market, it will recover from stagnation observed in last 5 years due to Chinese imported tillers. For used tractor attachable equipment market, Rotavators, Sprayers and Ploughs & Drills will have increased market share contributing more and more in the growth of this market, due to organizations such as FICCI proposing promotion of these implements in northern India to GoI.

India Used Agricultural Equipment Financing Market Snapshot

Total outstanding credit in Agriculture by commercial banks in India has been increasing consistently, having grown from INR XX lakh Crore to XX lakh crore, growing at a CAGR of XX%.

The ecosystem for Agricultural Equipment Financing is dominated by companies such as Mahindra Finance, Kotak Mahindra Bank, etc., with regulatory authorities such as NABARD, and RBI. Customer touch points such as physical branches of institutions, brick and mortar dealerships (for captive financing), unorganized mandis for offline players, and classifieds and company websites for online customers.

Key Markets Covered in India Used Agricultural Equipment Market

India Used Tractor Market

Market Size, By Volume and Value, FY'16-FY'21

Market Segmentation By,

By New Purchase vs Used Purchase, FY'16-FY'21

By Manufacturers, FY'21

By Power (HP), FY'16 & FY'21

By Drive (2WD vs 4WD), FY'21

By Region, FY'16 & FY'21

By Distribution Channels, FY'21

By Vehicle Age, FY'21

By Mode of Sales (Online vs Offline), FY'16 & FY'21

By Financed vs Non-Financed Purchases by End Users, FY'16 & FY'21

By Organized vs Unorganized Financing, FY'16 & FY'21

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India Used Harvester Market

Market Size, By Volume and Value, FY'16-FY'21

Market Segmentation By,

By New Purchase vs Used Purchase, FY'16-FY'21

By Manufacturers (Track Type Harvesters), FY'21

By Power (HP), FY'16 & FY'21

By Cutting Width, FY'21

By Region, FY'16 & FY'21

By Distribution Channels, FY'21

By Vehicle Age, FY'21

By Hours of Usage, FY'21

By Mode of Sales (Online vs Offline), FY'16 & FY'21

By Financed vs Non-Financed Purchases by End Users, FY'16 & FY'21

By Organized vs Unorganized Financing, FY'16 & FY'21

India Used Power Tiller Market

Market Size, By Volume and Value, FY'16-FY'21

Market Segmentation By,

By New Purchase vs Used Purchase, FY'16-FY'21

By Manufacturers, FY'21

By Power (HP), FY'16 & FY'21

By Region, FY'16 & FY'21

India Used Tractor-Attachable Equipment Market

Market Size, By Volume and Value, FY'16-FY'21

Market Segmentation By Product Types,

Used Rotavators Sales, By Volume, FY'21

Used Cultivator Sales, By Volume, FY'21

Used Sprayer Sales, By Volume, FY'21

Used Harrows Sales, By Volume, FY'21

Used Ploughs and Drills Sales, By Volume, FY'21

Agricultural Equipment Financing Market in India

Value Chain And Ecosystem of Agricultural Equipment Financing market in India

Key Issues and Challenges, customer's perspective

Market Share of top used tractor financing companies in India, By Volume fo Tractor financed, FY'21

Cross-Comparison of Major Agriculture finance companies in India

Key Target Audience:-

Construction Chemical companies

Concrete Additive companies

Waterproofing companies

Adhesive and Sealant Companies

Repair and Rehabilitation Chemical companies

Time Period Captured in the Report:-

Historical Period: FY'16-FY'21

Forecast Period: FY'22-FY'26

Major Classified Websites for Used Agricultural Equipment Sales:-

Tractorjuction.com

Meratractor.com

Khetigaadi.com

Escortsmolanmol.com

Tractorguru.com

Major Financing Companies for Used Agri-Equipment In India

Mahindra Finance

Kotak Mahindra Bank

IndusInd Bank

TVS Credit

AU Small Finance Bank

Kogta Finance

Key Topics Covered in the Report:-

Indian Agricultural Sector Overview

Analysis of Crop Production in India

State-wise Crop Yield Analysis

Benefits of Farm Mechanization

Evolution of Mechanization in the Indian Agriculture Industry

Dominant Used Agriculture Equipment in India

Agricultural Value Chain and Required types of Equipment

Current Level of Mechanization in Indian Farms for major crops

India Used Agriculture Equipment Market Ecosystem

Manufacturer Typologies of Farm Equipment in India

Value Chain Analysis of India Used Agriculture Equipment Market

SWOT Analysis of the Indian Used Agricultural Equipment Market

Major Constraints in the Indian Used Agricultural Equipment Market

Major Government Initiatives and Interventions in the Agricultural Sector in India

Snapshot: Agricultural Equipment Rental market

E-Nam- The online Auction Platform for the agricultural Industry

Indian Used Agricultural Equipment Market Size and Segmentation

India Used Agricultural Equipment Market Size, By Volume and Value

Segmentation, By Types of Equipment

Indian Used Tractor Market Size and Segmentation

Indian Used Tractor Market Size and Comparison with India New Tractor Market

Indian Used Tractor Market: Competition Scenario among Classifieds

Indian Used Harvester Market Size and Segmentation

Indian Used Power Tiller Market Size and Segmentation

Indian Used Tractor-Attachable Equipment Market

India Used Agricultural Equipment Market Future Outlook and Projections

Value Chain Analysis and Ecosystem the Indian Used Agricultural Equipment Financing Market

Captive Financing and it's correlation with dealerships

Gap analysis of the Indian Used Agricultural Equipment Market

Key Success Mantras for a Market Entrant in Classified for Used Agri-equipment Market

Opportunities in financing of Agricultural Equipment

Industry Speaks

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