China Agriculture Equipment Market Growth, Size, Trends, Demand, Revenue and Future Outlook
China Agriculture Equipment Market Size- By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2023 | Report ID: AGRI2318 | Pages: 1 - 104 | Formats*: |
| Category : Agriculture | |||
China Agriculture Equipment Market Introduction and Overview
According to SPER Market Research, the China Agriculture Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.5%.
The report includes an in-depth analysis of the China Agriculture Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis. Agricultural equipment refers to the assortment of tools and machinery that farmers utilize for various tasks and operations on their farms. Among these tools are harvesters, tractors, and plows. Farmers employ this agricultural machinery to enhance crop yields within shorter time frames and with less physical exertion compared to earlier, more manual approaches. Given the significant cost associated with farm labour, these machines play a crucial role in modern agriculture. Automation and semi-automation are also integrated into farm operations to reduce labour expenses and achieve greater yields compared to relying solely on human labour.
- China's 'Made in China 2025' initiative seeks to domestically manufacture 90% of high-end agricultural equipment, including tractors, which accounted for a third of the market in 2020. This, along with government support and advanced models from industry players, is expected to drive China's agricultural tractor market growth.
- Opportunities: The relationship between farm labour costs and a country's agricultural workforce size, governed by basic supply and demand dynamics, is impacting China's agricultural machinery market. Developing nations like China traditionally rely heavily on agriculture, although this has declined due to urban migration. This labour shortage, compounded by inadequate rural reforms, is poised to be a key driver of China's agricultural machinery market growth, fuelling increased machinery demand in the foreseeable future.
- Challenges: Several challenges confront the market, including limited access to financing for small and medium-sized farmers, a deficiency in expertise concerning modern agricultural machinery, and environmental concerns related to the usage of chemical pesticides and fertilizers. The China Farm Equipment Market plays a vital role in bolstering the nation's substantial agricultural productivity, serving as a crucial component of the Chinese economy.
Market Competitive Landscape
The landscape of the Chinese agricultural machinery market is characterized by its fragmented nature. In the Chinese agricultural machinery sector, firms are vying for market dominance by employing strategies that extend beyond just product quality and advertising. Prominent companies in this market are emphasizing tactics such as introducing new products, forming partnerships, and making acquisitions. Prominent key players in the China agriculture equipment market are AGCO Corporation, CNH Industrial NV, Lovol Heavy Industry Co. Ltd, Weichai Power Co. Ltd, YTO Group Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery |
| Regions covered | East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China |
| Companies Covered | AGCO Corporation, CNH Industrial NV, Lovol Heavy Industry Co. Ltd, Weichai Power Co. Ltd, YTO Group Corporation, Others |
COVID-19 Impact on China Agriculture Equipment Market
The COVID-19 outbreak significantly impacted China's agricultural equipment market, causing disruptions in production, distribution, and supply chains. Quarantine measures led to temporary closures of industries, resulting in production delays and higher material costs. Farmer financing became challenging, leading to decreased equipment sales initially. Nevertheless, the Chinese government implemented supportive measures like tax breaks, loan guarantees, and infrastructure investments, mitigating the pandemic's impact. The crisis accelerated the adoption of digital agricultural practices, like precision farming, which is expected to drive industry growth in the future.
Key Target Audience:
- Agricultural cooperatives
- Agricultural product processors
- Distributors and suppliers of agricultural equipment and machinery
- Farmers
- International companies operating in the agriculture sector looking to expand their business in China
- Investors interested in the agriculture industry in China
- Manufacturers of agricultural equipment and machinery
- Policymakers involved in the agriculture industry in China
- Researchers studying the agriculture industry in China
- Others
Our in-depth analysis of the China Agriculture Equipment Market includes the following segments:
| By Tractors: |
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| By Equipment: |
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| By Sprayers: |
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| By Harvesting Machinery: |
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| By Haying & Forage Machinery: |
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Key Topics Covered in the Report:
- China Agriculture Equipment Market Size (FY’2023-FY’2033)
- Overview of China Agriculture Equipment Market
- Segmentation of China Agriculture Equipment Market By Tractors (Engine Power)
- Segmentation of China Agriculture Equipment Market By Equipment (Plows, Harrows, Rotovators & Cultivators, Seed & Fertilizer Drills, Fertilizer Spreaders, Other Equipment)
- Segmentation of China Agriculture Equipment Market By Sprayers (Field-crop Sprayers, Orchard Sprayers)
- Segmentation of China Agriculture Equipment Market By Harvesting Machinery (Combine Harvesters, Forage Harvesters, Other Harvesting Machinery)
- Segmentation of China Agriculture Equipment Market By Haying & Forage Machinery (Mowers & Conditioners, Balers, Other Haying & Forage Machinery)
- Statistical Snap of China Agriculture Equipment Market
- Expansion Analysis of China Agriculture Equipment Market
- Problems and Obstacles in China Agriculture Equipment Market
- Competitive Landscape in the China Agriculture Equipment Market
- Impact of COVID-19 and Demonetization on China Agriculture Equipment Market
- Details on Current Investment in China Agriculture Equipment Market
- Competitive Analysis of China Agriculture Equipment Market
- Prominent Players in the China Agriculture Equipment Market
- SWOT Analysis of China Agriculture Equipment Market
- China Agriculture Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the China Agriculture Equipment Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 China Agriculture Equipment Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Agriculture Equipment Market
7. China Agriculture Equipment Market, By Tractors, 2019-2033 (USD Million)
7.1 Engine Power7.1.1 25 HP to 100 HP7.1.2 Above 100 H
8. China Agriculture Equipment Market, By Equipment, 2019-2033 (USD Million)
8.1 Plows8.2 Harrows8.3 Rotovators & Cultivators8.4 Seed & Fertilizer Drills8.5 Fertilizer Spreaders8.6 Other Equipment
9. China Agriculture Equipment Market, By Sprayers, 2019-2033 (USD Million)
9.1 Field-crop Sprayers9.2 Orchard Sprayers
10. China Agriculture Equipment Market, By Harvesting Machinery, 2019-2033 (USD Million)
10.1 Combine Harvesters10.2 Forage Harvesters10.3 Other Harvesting Machinery
11. China Agriculture Equipment Market, By Haying & Forage Machinery, 2019-2033 (USD Million)
11.1 Mowers & Conditioners11.2 Balers11.3 Other Haying & Forage Machinery
12. China Agriculture Equipment Market, By Region, 2019-2033 (USD Million)
12.1 China Agriculture Equipment Size and Market Share by Region (2019-2025)12.2 China Agriculture Equipment Size and Market Share by Region (2026-2032)12.3 East China12.4 Middle China12.5 North China12.6 Northeast China12.7 Northwest China12.8 South China12.9 Southwest China
13. Company Profiles
13.1. AGCO Corporation13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments13.2. CNH Industrial NV13.2.1 Company details13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments13.3. Lovol Heavy Industry Co. Ltd13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments13.4. Weichai Power Co. Ltd13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments13.5. YTO Group Corporation13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
You can get the sample pages by clicking the link -Click Here
China Agriculture Equipment Market size is USD XX billion from 2022 to 2032.
China Agriculture Equipment Market Segment is Covered By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery.
The Asia-Pacific region is anticipated to have the highest market share in China Agriculture Equipment Market.
China Agriculture Equipment Market is projected to reach USD XX billion by 2032, growing at a CAGR of 6.5% during the forecast period.
China Agriculture Equipment Market grew in market size from 2021. The Market is expected to reach USD XX billion by 2032, at a CAGR of 6.5% during the forecast period.
China Agriculture Equipment Market CAGR of 6.5% during the forecast period.
The key players in the market include Companies Covered AGCO Corporation, CNH Industrial NV, Lovol Heavy Industry Co. Ltd, Weichai Power Co. Ltd, YTO Group Corporation.
The industry that manufactures, distributes, and sells farm and agricultural equipment in China is referred as the China Agricultural Equipment Market. Tractors, harvesters, ploughs, planters, irrigation systems, and other agricultural implements are only some of the equipment and machinery available on this market.
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