The global tractor market is estimated to reach $98 billion by 2028, growing at a CAGR of 4.4 percent during the forecast period of 2022-2028. The market is mainly driven by the increased demand for agricultural machinery, owing to the growth in the agricultural sector. Increasing farm mechanization rates, increasing automation in agriculture, rising labor costs, seasonal labor shortages, and shorter tractor replacement cycles are also contributing factors. Moreover, the market is also driven by demand for equipment from the construction and mining industries. However, the market is restrained by the high cost of tractor parts and components. The Tractor Parts and Components market is highly competitive with a large number of players.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Tractor Parts & Components Manufacturers - 2023" by recommending those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
Amit Nagar
Managing Director, Bharat Industrial Corporation
A Jodhpur based firm renowned for suppling and assembling of tractor hydraulic lifts to the railway and defence sectors, as well as exporting to different countries
Mandip Singh Rekhi
CEO, Binbow Auto India
A front-runner in farm mechanization and is committed to serving with the quality of products, services and human resources
Alok Jain
Managing Director, Carrier Wheels
A manufacturers of steel wheels for the automotive, agricultural, earthmoving, forestry, floatation and off-road equipment specialized in tractor wheels, rim manufacturer, automotive OEM industry and many
Sushant Dhawan
Managing Director, Farmer Trackparts
A manufacturing company of engineered systems and solutions with extensive experience in the industry, backed by state of the art manufacturing technology and backward integrated manufacturing processes
G. S. Grewal
Managing Director, Kubota Agricultural Machinery
The company provides agricultural machineries for Indian market offering products and services which benefit Indian farmers and improve their productivity with advanced Japanese technology
Ashish Bansal
Founder, Luxmi Cast & Forge
A manufacturer of forging and casting of tractor parts, automobile parts, transmission line parts, and scaffolding
Anurag Aggarwal
Managing Partner, P K Industries
A pioneer in the production of tractor and auto components and is renowned for providing prime quality products at reasonable rates
Ashpreet Sahni
Director, Sehaj Solutions
The manufacturers and exporters of three point linkage tractor spare parts and accessories and the product range includes replacement linkage parts for tractors, trailer accessories and for vehicles in the area of agriculture and more
Rajeev Khaana
CFO, Sietz
A tractor parts manufacturer manufactures more than 250 parts for tractor industries offering a wide variety of tractor parts for domestic and export models
Surinder Choudhari
Chairman & Managing Director, Surin Automotive
An engineering and manufacturing company specialized in commercial vehicle components and assemblies, tractor and agricultural components and assemblies and more
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