Sri Lanka Agricultural Tractors Market (2023-2029) | Share, Growth, Outlook, Trends, Revenue, Analysis, Value, Industry, Size, Segmentation & COVID-19 IMPACT

Sri Lanka Agricultural Tractors Market | Country-Wise Share and Competition Analysis

In the year 2021, India  was the largest exporter in terms of value, followed by Japan. It has registered a growth of 144.38% over previous year. While Japan registered a growth of 91.69% over previous year. While in 2017 India was the largest exporter followed by Japan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Sri Lanka has Herfindahl index of 7884 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  6937 which signifies high concentration in the market

Topics Covered in the Sri Lanka Agricultural Tractors Market

Sri Lanka Agricultural Tractors Market report thoroughly covers the market by drive type, by system type, by design type, by power output, and by applications. The Agricultural Tractors Market Outlook report provides an unbiased and detailed analysis of the ongoing Agricultural Tractors Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Sri Lanka Agricultural Tractors Market Synopsis

Sri Lanka Agricultural Tractors Market is surging in the country at a tremendous rate driven by the increasing population rate, and the rising government initiatives to promote technical upgradation in the agriculture sector. Generally, Sri Lanka agriculture sector is transforming rapidly with the growing government investment in the development of agriculture infrastructure.  The agriculture sector transformation in the country creates a favorable impact on market growth.

According to 6Wresearch, the Sri Lanka Agricultural Tractors Market size is estimated to witness an exponential growth rate during 2023-2029. The market is surging owing to the increasing adoption of modern tractors in the agriculture sector. Also, the growing number of population in the country is leading to the increasing consumption rate of the population, which is estimated to create a favorable impact on market growth. The government is increasingly investing in improving the agricultural infrastructure with the adoption of modern & upgraded technologies for better irrigation systems. However, the reduction in the government subsidies for tractor purchases, and the rise in import duties on tractors are expected to hinder the Sri Lanka Agricultural Tractors Market growth. Despite all these challenges, the market still holds huge growth prospects backed by the rising population rate in the country, which leads to the increasing demand for the expansion of cultivated land. This, in turn, is generating a high demand for efficient tractors for better agricultural operations.

COVID-19 Impact on the Sri Lanka Agricultural Tractors Market

The COVID-19 pandemic had a huge impact on the agricultural tractor market in the country. The market was affected by disruptions in the supply chain and restrictions on trade. Reduced demand by the farmers, due to increased tractor prices and likely, due to the shortages & delay constraints. As a result, COVID-19 had shrink the Sri Lanka Agricultural Tractors industry. However, government support for farmers and the gradual easing of restrictions on the supply chain are expected to help the market to grow fast in the upcoming months.

Key players in the Sri Lanka Agricultural Tractors Market

There are The top players operating in the Sri Lanka Agricultural Tractors Market mentioned below:

• Mahindra & Mahindra Ltd: Mahindra is a popular manufacturer of agricultural tractors in the country, and offers a wide range of tractors.
• TAFE: is a famous manufacturer of agricultural tractors in the country, which provides high-quality and affordable tractors for all sized farmers including, small and medium-sized farmers.
• Kubota Corporation: Kubota is a leading manufacturer globally, agricultural machinery that has a strong presence in Sri Lanka.
• Massey Ferguson: is a leading manufacturer of agricultural tractors, and has a massive presence in Sri Lanka.

Market Analysis by Drive Type

According to Dhaval, Research Manager, 6Wresearch, Two-wheel drive tractors have been the top choice of Sri Lankan farmers owing to their affordability and suitability nature used for lowland farming. They are also an ideal choice due to ease of use, fuel efficiency, and low maintenance costs. On the other hand, four-wheel tractors are also gaining in the country owing to the use of these tractors in the highland areas

Market Analysis by System Type

Based on the system type, each system type is designed for performing a specific task, however, tractors without loaders are more likely in demand that performs agricultural activities including, plowing and tilling.

Market Analysis by Design Type

Based on design type, currently, tractors without CAB are the most commonly used as they are more affordable than with CAB tractors and are suitable for smaller operations or for certain types of agricultural activities. On the other hand, tractors with CAB are also expected to increase in the coming years owing to increasing government investment in the adoption of upgraded and modern technologies used for long-hour work activities.

Market Analysis by Applications

Based on the application, both Row crop tractors and Orchard tractors are gaining traction in the agriculture sector, as both are designed to perform their specific agricultural activities. Hence, it is a little difficult to determine the dominating tractor.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Sri Lanka Agricultural Tractors Market Outlook
• Market Size of Sri Lanka Agricultural Tractors Market, 2022
• Forecast of Sri Lanka Agricultural Tractors Market, 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Revenues & Volume for the Period 2019 - 2029
• Sri Lanka Agricultural Tractors Market Trend Evolution
• Sri Lanka Agricultural Tractors Market Drivers and Challenges
• Sri Lanka Agricultural Tractors Price Trends
• Sri Lanka Agricultural Tractors Porter's Five Forces
• Sri Lanka Agricultural Tractors Industry Life Cycle
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Two-wheel Drive for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Four-wheel Drive for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By System Type for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Without Loaders for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Front Loaders for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Backhoe Loaders for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Design Type for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Tractor without CAB for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Tractor with CAB for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By <30 hp for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By 31-100 hp for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By 101-200 hp for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By 201-300 hp for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By >300 hp for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Applications for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Row Crop Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Orchard Tractors for the Period 2019 - 2029
• Historical Data and Forecast of Sri Lanka Agricultural Tractors Market Revenues & Volume By Other Applications for the Period 2019 - 2029
• Sri Lanka Agricultural Tractors Import Export Trade Statistics
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By System Type
• Market Opportunity Assessment By Design Type
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Applications
• Sri Lanka Agricultural Tractors Top Companies Market Share
• Sri Lanka Agricultural Tractors Competitive Benchmarking By Technical and Operational Parameters
• Sri Lanka Agricultural Tractors Company Profiles
• Sri Lanka Agricultural Tractors Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Drive Type

• Two-Wheel Drive
• Four-Wheel Drive

By System Type

• Without Loaders
• Front Loaders
• Backhoe Loaders

By Design Type

• Tractor Without CAB
• Tractor With CAB

By Power Output

• <30 Hp
• 31-100 Hp
• 101-200 Hp
• 201-300 Hp
• >300 Hp

By Applications

• Row Crop Tractors
• Orchard Tractors
• Other Applications

Sri Lanka Agricultural Tractors Market: FAQs