The electric tractor is a vehicle that uses an electric motor to obtain power over the traditional internal combustion diesel engine. An electric tractor works on powerful batteries to gain power and equipped with necessary mechanical and electrical functionalities. The government in India is encouraging the implementation of efficient hybrid electric vehicles to reduce air and noise pollution. Electrical tractors are very economical and have very low maintenance costs. The fusion of electric drives in tractors and other equipment provides benefits to farmers such as advanced functionalities, minimal cost, energy efficiency, etc.
According to Pheonix Research study, the market size of India's electric tractor market is forecasted to grow at a healthy CAGR of 21.5% during 2021-2027. India's agriculture sector holds 18% of India's overall domestic product (GDP) and contributes employment to 50% of the nation's population. Nowadays, Tractor manufacturers are giving big efforts in electric drive technology improvement, also the government in India trying to promote electric vehicles by giving subsidies. Existing fuel-driven tractors in the present market with ease of availability is expected to decelerate the development of the electric tractors market in the forecast period. Moreover, electric tractors have various disadvantages as well like slow work speed, battery technology limitations, and insufficient energy storage capacity, lack of awareness, etc impact the electric tractor sales in the future.
The electric tractor market is segmented by tractor type, drivetrain technology, application, powertrain, region, and states. The low & medium duty tractors captured the largest market share as electric powertrains are majorly used for low power functions tractors.
By Drivetrain Type, the electric tractor market is divided into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV) tractors. Hybrid tractors dominate the market. Where Plug-in Hybrid Electric grips the market in coming years.
By regions, the electric tractor market is widely grouped into Southern, Northern, Eastern, Western, and Central India. Electric tractors are in the developing phase. Currently, India,s farmers are only dependent on conventional fuel-based tractors but tractor manufacturing companies are now offering demonstrations to farmers and also showcasing the new electric tractors in Auto Expo in Delhi in January 2020.
Key Highlights of the report:
• A comprehensive study includes an estimation of the market origin.
• Historical, present, and forecast magnitude of the market from the viewpoint of including both volume and value.
• Significant transformation in the electric vehicle market kinetics
• Latest industry key improvement evaluation
• Key players strategies and their market shares
• Regional market status and other niche verticals
• Valuable suggestion to companies in establishing their strength in the market
Market Segmentation
By Tractor Type
• Light
• Medium-duty
• Heavy-duty
By Battery Type
• Lithium-ion
• Lead Acid)
By Drivetrain Technology
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
By Application
• Agriculture
• Construction
• Mining
• Logistics
By Powertrain
• Series Hybrid
• Parallel Hybrid
• Combined Hybrid
By Regions
• Southern
• Northern
• Eastern
• Western
• Central India
By States
• Andhra Pradesh
• Gujarat
• Madhya Pradesh
• Maharashtra
• Karnataka
• Rajasthan
• Tamil Nadu
• Uttar Pradesh
• West Bengal
• Telangana
• Andhra Pradesh
• Others
1. Executive Summary
2. India Market Outlook
3. Introduction
3.1. Study Objectives
3.2. Scope of the Study — Market Coverage / Taxonomy
3.3. Scope of the Study - Geographical Coverage
3.4. INDIA Electric Tractor (EV) Market Stakeholders
3.5. Study Years & Currency
3.6. Research & Methodology
4. Key Market Trends
4.1. Key Trends Impacting the Market
4.2. Product Innovation / Development Trends
5. Parent Market Overview & Qualitative Analysis
6. Product Life Cycle Analysis
7. Market Background
7.1. Macro-Economic Factors
7.2. Forecast Factors - Relevance & Impact
7.3. Value Chain
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
7.4.4. Challenges
8. Policy and Regulatory Landscape
9. Supply Chain Analysis
9.1. List of Active Participants- By Region
9.2. Raw Material Suppliers
9.3. Key Distributor/Retailers
10. Value Chain and Pricing Analysis
10.1. Regional Average Pricing Analysis
10.2. Value Chain Analysis
10.3. Factors Influencing Pricing
11. INDIA Electric Tractor (EV) Market
12. INDIA Electric Tractor (EV) Market- By Tractor Type
12.1. INDIA Electric Tractor (EV) Market, By Light
12.2. INDIA Electric Tractor (EV) Market, By Medium-duty
12.3. INDIA Electric Tractor (EV) Market, By Heavy-duty
13. INDIA ELECTRIC TRACTOR (EV) MARKET- By Battery Type
13.1. INDIA Electric Tractor (EV) Market, By Lithium-ion
13.2. INDIA Electric Tractor (EV) Market, By Lead Acid
14. INDIA Electric Tractor (EV) Market, By Drivetrain Technology
14.1. INDIA Electric Tractor (EV) Market, By Battery Electric Vehicle (BEV)
14.2. INDIA Electric Tractor (EV) Market, By Hybrid Electric Vehicle (HEV)
14.3. INDIA Electric Tractor (EV) Market, By Plug-in Hybrid Electric Vehicle (PHEV)
15. INDIA Electric Tractor (EV) Market, By Application
15.1. INDIA Electric Tractor (EV) Market, By Construction
15.2. INDIA Electric Tractor (EV) Market, By Logistics
15.3. INDIA Electric Tractor (EV) Market, By Mining
15.4. INDIA Electric Tractor (EV) Market, By Agriculture
16. INDIA Electric Tractor (EV) Market, By Powertrain
16.1. INDIA Electric Tractor (EV) Market, By Series Hybrid
16.2. INDIA Electric Tractor (EV) Market, By Parallel Hybrid
16.3. INDIA Electric Tractor (EV) Market, By Combined Hybrid
17. INDIA Electric Tractor (EV) Market, By Regions
17.1. INDIA Electric Tractor (EV) Market, By Southern
17.2. INDIA Electric Tractor (EV) Market, By Northern
17.3. INDIA Electric Tractor (EV) Market, By Eastern
17.4. INDIA Electric Tractor (EV) Market, By Western
17.5. INDIA Electric Tractor (EV) Market, By Central India
18. INDIA Electric Tractor (EV) Market, By States
18.1. INDIA Electric Tractor (EV) Market, By Andhra Pradesh
18.2. INDIA Electric Tractor (EV) Market, By Gujarat
18.3. INDIA Electric Tractor (EV) Market, By Madhya Pradesh
18.4. INDIA Electric Tractor (EV) Market, By Maharashtra
18.5. INDIA Electric Tractor (EV) Market, By Karnataka
18.6. INDIA Electric Tractor (EV) Market, By Rajasthan
18.7. INDIA Electric Tractor (EV) Market, By Tamil Nadu
18.8. INDIA Electric Tractor (EV) Market, By Uttar Pradesh
18.9. INDIA Electric Tractor (EV) Market, By West Bengal
18.10. INDIA Electric Tractor (EV) Market, By Telangana
18.11. INDIA Electric Tractor (EV) Market, By Others
19. Competitive Landscape
19.1. Market Share Analysis (2018)
19.2. Porter's Five Forces Analysis
20. Company Profiles
20.1. AGCO Corporation
20.1.1. Overview
20.1.2. Revenue Analysis
20.1.3. Geographical Analysis
20.1.4. Recent Development
20.2. Deere and Company
20.2.1. Overview
20.2.2. Revenue Analysis
20.2.3. Geographical Analysis
20.2.4. Recent Development
20.3. CLAAS KGaA mbH
20.3.1. Overview
20.3.2. Revenue Analysis
20.3.3. Geographical Analysis
20.3.4. Recent Development
20.4. Kubota Corporation
20.4.1. Overview
20.4.2. Revenue Analysis
20.4.3. Geographical Analysis
20.4.4. Recent Development
20.5. Escorts Limited
20.5.1. Overview
20.5.2. Revenue Analysis
20.5.3. Geographical Analysis
20.5.4. Recent Development
20.6. Caterpillar Inc.
20.6.1. Overview
20.6.2. Revenue Analysis
20.6.3. Geographical Analysis
20.6.4. Recent Development
20.7. Yanmar Co. Ltd.
20.7.1. Overview
20.7.2. Revenue Analysis
20.7.3. Geographical Analysis
20.7.4. Recent Development
20.8. Alke
20.8.1. Overview
20.8.2. Revenue Analysis
20.8.3. Geographical Analysis
20.8.4. Recent Development
20.9. Motivo Engineering
20.9.1. Overview
20.9.2. Revenue Analysis
20.9.3. Geographical Analysis
20.9.4. Recent Development
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