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The report titled Indian Used Agricultural Equipment Market Outlook to 2026 (Including Tractors, Harvesters, Power Tillers and Tractor-Attachable Equipment): Driven by rising adoption of small and marginal farmers and government subsidy to increase the demand of used equipmentprovides a comprehensive analysis of the Used Agricultural Equipmentmarket, and the financing ecosystem of such equipment in India. The report focuses on theused agricultural equipmentmarket size, analysis of sub-markets such as India used tractor market, India used harvester market, India Power tiller market, and India tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc) market.It also focuses on segmentation of used tractor and harvester market by New Purchase vs Used Purchase, by Manufacturers, by Power (HP), by Drive /Cutting width (where applicable), by Region, by Distribution Channels, by Vehicle Age, By Mode of Sales (Online vs Offline), by Financed vs Non-Financed Purchases by End Users, and by Organized vs Unorganized Financing.

The report also covers used power tiller market sizing and segmentation by New Purchase vs Used Purchase, by Manufacturers, by Power and by Region, along with Used tractor-attachable market size and segmentation by type (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.). Other major areas under focus are 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, India Used Agriculture Equipment Market Ecosystem and value chain, 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 and snapshot of Agricultural Equipment Rental and auction markets. The report concludes with future market projections on the basis of overall outlook of the Indian Used Agricultural Equipment marketand analyst recommendations highlighting the major opportunities.

IndianUsed Agricultural Equipment Industry

IndianUsed Agricultural Equipment market grewat aCAGR of ~16.5 % by volume, and ~19.1% by transaction value, during FY’16-FY’21. Used tractors dominated the Used Agricultural Equipment in India, by volume sold, in FY’21 followed by used tractor-attachable equipment (sprayer, rotavator, cultivator, ploughs, drills, harrow, etc.), used power tillers and used harvesters. The market was also observed to be highly fragmented and dominated by the unorganized dealers. Apart from that, peer to peer sales isalso quite frequent in India.Ambitious government initiatives,rising adoption of mechanization in India, paired with economic feasibility of purchasing second hand equipment has led to the growth of Used Agricultural Equipment market in India.

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IndiaUsed Agricultural EquipmentSub-markets

Used Tractor Market:The Used Tractor Market in India is the largest contributor to the India Used Agricultural equipment market. This market has seen a steady rise from FY’ 16 to FY’21.Demand for used tractor is highest in states with lower average income of farmers, such as U.P. and M.P., while Punjab and Haryana have higher demand for new tractors. Online sales of used tractor have seen a recent surge, owing to the increasing traction of e-marketplaces, physical-digital hybrid marketplaces & classifieds in rural areas.

Competition Scenario among Classifieds: Classifieds are online aggregator platform acting as a portal between institutional and individual sellers of farm implements and the end customer. Classifieds such as Tractor Junction, Meratractor, Tractorguru, Khetigaadi, Molanmol are some major classifieds used for the purchase of second hand agricultural equipment.

Used Harvester Market: Due to their high unit value, used harvester contribute significantly more in the total value of Used Agri Equipment market, while contributing very less in the total volume. The market for used harvester is highly consolidated in terms of manufacturers, with ~5 manufacturers occupying a large chunk of the market. However, in terms of distribution channel, used harvester market is heavily unorganized, with majority of sales happening Peer to Peer.

Used Power tiller Market: The used power tiller market has shown a negligible growth rate, largely remaining static throughout FY’16 to FY’21. However, new barriers imposed by the Government of India on imports in 2020, is expected to significantly boost the power tiller market, and in turn increase the used power tiller market growth rate as well. The market is highly consolidated in terms of manufacturers with only 2 manufacturers capturingamajority of the market.

Used Tractor-Attachable Equipment Market: These consist ofsprayer, rotavator, cultivator, ploughs, drills and harrow. These equipment are highly dependent on the tractor market in India and are projected to have increasing adoption in the face of labor shortage due to rural to urban migration.These equipment require lower capital involvement as compared to other equipment such as tillers and tractors.

India Agricultural Equipment Financing Market: Various Initiatives by NABARD and RBI has been aimed towards increasing credit flow in the agricultural sector, by assisting private institution financially.Total outstanding credit in Agriculture by commercial banks in India has grown optimistically from FY’16 to FY’21. Some of the major financing companies in Indian Agricultural sector are Mahindra Finance, Kotak Mahindra Bank, IndusInd Bank.

IndiaUsed Agricultural Equipment Market Future Outlook and Projections

The Used Agricultural Equipment Market in India is anticipated to grow with the growing adoption of farm implements and government initiatives offering subsidies on such equipment. Over the forecast period FY’22-FY’26, the India Used Agricultural Equipment Marketis further anticipated to showcase anupwardtrend in terms of volume and value,better than the earlier years, with the market consistently expanding. The organized financing of used agricultural equipment will have an increasing preference among the end users.

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

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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