India Tractor Component Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The Indian tractor component market is on a strong growth trajectory, having generated USD 3.5 billion in revenue in 2024 and projected to reach USD 6.2 billion by 2032, growing at a steady CAGR of 7.5% during 2025-2032. This growth is largely fueled by India's agriculture-driven economy, where mechanization has become central to farming operations. Tractors play a pivotal role in this transformation, consequently boosting the demand for components that enhance performance and durability.

Government initiatives, such as the Sub-Mission on Agricultural Mechanization, have further supported the widespread adoption of tractors by offering subsidies and financial support to small and marginal farmers. Technological advancements-particularly in GPS guidance, telematics, and automation-have also increased the demand for high-end components like sensors, hydraulic systems, and electronic control units. In parallel, the shift toward commercial farming and heavy-duty tractors has spurred a heightened need for robust components including heavy-duty engines and tires.

Key Insights

The engine components category led the market with a 35% share in 2024, driven by the demand for high-horsepower engines capable of handling extensive agricultural tasks. These components include critical parts like pistons, valves, camshafts, and crankshafts.

Hydraulic system components are expected to be the fastest-growing segment, projected to register an 8.1% CAGR, as contractors and industrial users increasingly integrate high-performance hydraulic systems for construction and material-handling applications.

In terms of tractor type, agricultural tractors held an 80% market share in 2024, bolstered by government subsidies and the prevalent use of machinery in traditional farming. Meanwhile, commercial tractors are set to expand at a higher CAGR of 8.5%, owing to their usage in urban infrastructure, construction, and logistics.

Traditional tractors accounted for 60% of the market in 2024, favored for their simplicity and affordability in rural areas. However, automated tractors will experience faster growth at an 8.7% CAGR, thanks to features like AI integration, IoT, and GPS technologies that support precision farming.

By material type, steel dominated the market with a 75% share in 2024, commonly used in manufacturing durable parts like axles and gears. Conversely, aluminum is emerging as the fastest-growing material, poised to grow at 8.2% CAGR due to its lightweight and corrosion-resistant properties.

Uttar Pradesh led the regional market with a 20% share in 2024, attributed to its large-scale farming practices. States like Punjab, Haryana, Maharashtra, and Madhya Pradesh are also key markets due to their demand for technologically advanced tractors for commercial crop production.

Bihar is the fastest-growing state, showing increasing adoption of mechanized farming methods and high-end tractor components to improve productivity.

The Indian tractor component market remains consolidated with major players such as Bosch India, Schaeffler India Limited, Rane Group, and Menon Bearings Ltd. Recent industry developments include Pritika Auto Industries expanding production capacity in December 2024 and Schaeffler Automotive launching new bearing solutions in January 2023.

Product Code: 13653

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Component Type
- 1.4.2. Market Size Breakdown, by Tractor Type
- 1.4.3. Market Size Breakdown, by Tractor Technology
- 1.4.4. Market Size Breakdown, by By Material Type
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. India Market

7.1. Overview
7.2. Market Revenue, by Component Type (2019-2032)
7.3. Market Revenue, by Tractor Type (2019-2032)
7.4. Market Revenue, by Tractor Technology (2019-2032)
7.5. Market Revenue, by By Material Type (2019-2032)
7.6. Market Revenue, by Country (2019-2032)

Chapter 8. Adhara Pradesh Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Import/Export Policies
8.10. Compliance Requirements
8.11. Emerging Investment Areas
8.12. Major Ongoing Projects
8.13. Market Size and Forecast
- 8.13.1. Market Revenue, by Component Type (2019-2032)
- 8.13.2. Market Revenue, by Tractor Type (2019-2032)
- 8.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 8.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 9. Bihar (Fastest-Growing Regional Market) Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Import/Export Policies
9.10. Compliance Requirements
9.11. Emerging Investment Areas
9.12. Major Ongoing Projects
9.13. Market Size and Forecast
- 9.13.1. Market Revenue, by Component Type (2019-2032)
- 9.13.2. Market Revenue, by Tractor Type (2019-2032)
- 9.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 9.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 10. Gujrat Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Import/Export Policies
10.10. Compliance Requirements
10.11. Emerging Investment Areas
10.12. Major Ongoing Projects
10.13. Market Size and Forecast
- 10.13.1. Market Revenue, by Component Type (2019-2032)
- 10.13.2. Market Revenue, by Tractor Type (2019-2032)
- 10.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 10.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 11. Haryana Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Import/Export Policies
11.10. Compliance Requirements
11.11. Emerging Investment Areas
11.12. Major Ongoing Projects
11.13. Market Size and Forecast
- 11.13.1. Market Revenue, by Component Type (2019-2032)
- 11.13.2. Market Revenue, by Tractor Type (2019-2032)
- 11.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 11.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 12. Karnataka Market

12.1. Overview
12.2. Economic Indicators
12.3. Demographics and Population Insights
12.4. Regional Hotspots
12.5. Growth Drivers
12.6. Challenges and Barriers
12.7. Competitive Strategies
12.8. Emerging Players
12.9. Import/Export Policies
12.10. Compliance Requirements
12.11. Emerging Investment Areas
12.12. Major Ongoing Projects
12.13. Market Size and Forecast
- 12.13.1. Market Revenue, by Component Type (2019-2032)
- 12.13.2. Market Revenue, by Tractor Type (2019-2032)
- 12.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 12.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 13. Madhya Pradesh Market

13.1. Overview
13.2. Economic Indicators
13.3. Demographics and Population Insights
13.4. Regional Hotspots
13.5. Growth Drivers
13.6. Challenges and Barriers
13.7. Competitive Strategies
13.8. Emerging Players
13.9. Import/Export Policies
13.10. Compliance Requirements
13.11. Emerging Investment Areas
13.12. Major Ongoing Projects
13.13. Market Size and Forecast
- 13.13.1. Market Revenue, by Component Type (2019-2032)
- 13.13.2. Market Revenue, by Tractor Type (2019-2032)
- 13.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 13.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 14. Maharashtra Market

14.1. Overview
14.2. Economic Indicators
14.3. Demographics and Population Insights
14.4. Regional Hotspots
14.5. Growth Drivers
14.6. Challenges and Barriers
14.7. Competitive Strategies
14.8. Emerging Players
14.9. Import/Export Policies
14.10. Compliance Requirements
14.11. Emerging Investment Areas
14.12. Major Ongoing Projects
14.13. Market Size and Forecast
- 14.13.1. Market Revenue, by Component Type (2019-2032)
- 14.13.2. Market Revenue, by Tractor Type (2019-2032)
- 14.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 14.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 15. Orrisa Market

15.1. Overview
15.2. Economic Indicators
15.3. Demographics and Population Insights
15.4. Regional Hotspots
15.5. Growth Drivers
15.6. Challenges and Barriers
15.7. Competitive Strategies
15.8. Emerging Players
15.9. Import/Export Policies
15.10. Compliance Requirements
15.11. Emerging Investment Areas
15.12. Major Ongoing Projects
15.13. Market Size and Forecast
- 15.13.1. Market Revenue, by Component Type (2019-2032)
- 15.13.2. Market Revenue, by Tractor Type (2019-2032)
- 15.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 15.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 16. Punjab Market

16.1. Overview
16.2. Economic Indicators
16.3. Demographics and Population Insights
16.4. Regional Hotspots
16.5. Growth Drivers
16.6. Challenges and Barriers
16.7. Competitive Strategies
16.8. Emerging Players
16.9. Import/Export Policies
16.10. Compliance Requirements
16.11. Emerging Investment Areas
16.12. Major Ongoing Projects
16.13. Market Size and Forecast
- 16.13.1. Market Revenue, by Component Type (2019-2032)
- 16.13.2. Market Revenue, by Tractor Type (2019-2032)
- 16.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 16.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 17. Rajasthan Market

17.1. Overview
17.2. Economic Indicators
17.3. Demographics and Population Insights
17.4. Regional Hotspots
17.5. Growth Drivers
17.6. Challenges and Barriers
17.7. Competitive Strategies
17.8. Emerging Players
17.9. Import/Export Policies
17.10. Compliance Requirements
17.11. Emerging Investment Areas
17.12. Major Ongoing Projects
17.13. Market Size and Forecast
- 17.13.1. Market Revenue, by Component Type (2019-2032)
- 17.13.2. Market Revenue, by Tractor Type (2019-2032)
- 17.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 17.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 18. Tamil Nadu Market

18.1. Overview
18.2. Economic Indicators
18.3. Demographics and Population Insights
18.4. Regional Hotspots
18.5. Growth Drivers
18.6. Challenges and Barriers
18.7. Competitive Strategies
18.8. Emerging Players
18.9. Import/Export Policies
18.10. Compliance Requirements
18.11. Emerging Investment Areas
18.12. Major Ongoing Projects
18.13. Market Size and Forecast
- 18.13.1. Market Revenue, by Component Type (2019-2032)
- 18.13.2. Market Revenue, by Tractor Type (2019-2032)
- 18.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 18.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 19. Uttar Pradesh Market

19.1. Overview
19.2. Economic Indicators
19.3. Demographics and Population Insights
19.4. Regional Hotspots
19.5. Growth Drivers
19.6. Challenges and Barriers
19.7. Competitive Strategies
19.8. Emerging Players
19.9. Import/Export Policies
19.10. Compliance Requirements
19.11. Emerging Investment Areas
19.12. Major Ongoing Projects
19.13. Market Size and Forecast
- 19.13.1. Market Revenue, by Component Type (2019-2032)
- 19.13.2. Market Revenue, by Tractor Type (2019-2032)
- 19.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 19.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 20. West Bengal Market

20.1. Overview
20.2. Economic Indicators
20.3. Demographics and Population Insights
20.4. Regional Hotspots
20.5. Growth Drivers
20.6. Challenges and Barriers
20.7. Competitive Strategies
20.8. Emerging Players
20.9. Import/Export Policies
20.10. Compliance Requirements
20.11. Emerging Investment Areas
20.12. Major Ongoing Projects
20.13. Market Size and Forecast
- 20.13.1. Market Revenue, by Component Type (2019-2032)
- 20.13.2. Market Revenue, by Tractor Type (2019-2032)
- 20.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 20.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 21. Chhattisgarh Market

21.1. Overview
21.2. Economic Indicators
21.3. Demographics and Population Insights
21.4. Regional Hotspots
21.5. Growth Drivers
21.6. Challenges and Barriers
21.7. Competitive Strategies
21.8. Emerging Players
21.9. Import/Export Policies
21.10. Compliance Requirements
21.11. Emerging Investment Areas
21.12. Major Ongoing Projects
21.13. Market Size and Forecast
- 21.13.1. Market Revenue, by Component Type (2019-2032)
- 21.13.2. Market Revenue, by Tractor Type (2019-2032)
- 21.13.3. Market Revenue, by Tractor Technology (2019-2032)
- 21.13.4. Market Revenue, by By Material Type (2019-2032)

Chapter 22. Company Profiles

Chapter 23. Appendix

23.1. Sources and References
23.2. Related Reports

India Tractor Component Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)