China Agriculture Equipment Market Overview
According to SPER Market Research, the China Agriculture Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of 6.5%.
In order to enhance productivity and efficiency, the sizeable country's agricultural production requires a sizable amount of machinery. Increasing demand from farmers and agricultural cooperatives has led to a rapid expansion of the China agriculture equipment market in recent years. Many reasons, including rising labour costs, the demand for greater productivity, and the modernization of agricultural techniques, are fueling the expansion of the China Agricultural Equipment Market. The development of rural infrastructure and government programmes that promote the agricultural industry, such as subsidies for the purchase of agricultural equipment, have also aided in the market's expansion. However, the market faces a number of obstacles, including small and medium-sized farmers' restricted access to financing, a lack of technical know-how in using contemporary agricultural equipment, and environmental issues associated with the use of chemical pesticides and fertilisers. The massive agricultural productivity of the nation is supported by the China Farm Equipment Market, which is a significant component of the Chinese economy. The market is anticipated to expand over the next few years because to the growing usage of technology and modernization of farming techniques.
Impact of COVID-19 on the China Agriculture Equipment Market
The Chinese market for agricultural equipment was significantly affected by the COVID-19 outbreak. The initial viral outbreak in China caused delays in the production, distribution, and supply chains for agricultural machinery and equipment. Quarantine regulations required the temporary closure of a large number of industries and manufacturing facilities, which led to delays and lower production. Also, the pandemic had a negative effect on the market for agricultural machinery and equipment because many farmers were unable to acquire finance and because the cost of raw materials for production rose. Sales of agricultural machinery and equipment decreased as a result of the early stages of the pandemic. However, the Chinese government put in place a number of steps to assist the agricultural industry and lessen the pandemic's effects. These policies included tax breaks for farmers and agricultural cooperatives, loan guarantees, and subsidies for the purchase of agricultural equipment. The government also increased funding for the construction of rural infrastructure, which boosted demand for agricultural gear and equipment. The pandemic hastened the adoption of digital agricultural techniques including precision farming, which are anticipated to fuel industry expansion in the years to come.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| 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.
|
Key Target Audience:
- Farmers
- Agricultural cooperatives
- Agricultural product processors
- Distributors and suppliers of agricultural equipment and machinery
- Manufacturers of agricultural equipment and machinery
- Investors interested in the agriculture industry in China
- Policymakers involved in the agriculture industry in China
- Researchers studying the agriculture industry in China
- International companies operating in the agriculture sector looking to expand their business in China.
China Agriculture Equipment Market Segmentation:
1. By Tractors:
- Engine Power
- 25 HP to 100 HP
- Above 100 H
2. By Equipment:
- Plows
- Harrows
- Rotovators & Cultivators
- Seed & Fertilizer Drills
- Fertilizer Spreaders
- Other Equipment
3. By Sprayers:
- Field-crop Sprayers
- Orchard Sprayers
4. By Harvesting Machinery:
- Combine Harvesters
- Forage Harvesters
- Other Harvesting Machinery
5. By Haying & Forage Machinery:
- Mowers & Conditioners
- Balers
- Other Haying & Forage Machinery
6. By Region:
- East China
- Middle China
- North China
- Northeast China
- Northwest China
- South China
- Southwest China
Key Topics Covered in the Report:
- China Agriculture Equipment Market Size (FY’2019-FY’2032)
- 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
- Growth Analysis of China Agriculture Equipment Market
- Problems and Challenges 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 Recent Investment in China Agriculture Equipment Market
- Competitive Analysis of China Agriculture Equipment Market
- Key Players in the China Agriculture Equipment Market
- SWOT Analysis of China Agriculture Equipment Market
- China Agriculture Equipment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the China Agriculture Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 China Agriculture Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Agriculture Equipment Market
7. China Agriculture Equipment Market, By Tractors, 2019-2032 (USD Million)
7.1 Engine Power
7.1.1 25 HP to 100 HP
7.1.2 Above 100 H
8. China Agriculture Equipment Market, By Equipment, 2019-2032 (USD Million)
8.1 Plows
8.2 Harrows
8.3 Rotovators & Cultivators
8.4 Seed & Fertilizer Drills
8.5 Fertilizer Spreaders
8.6 Other Equipment
9. China Agriculture Equipment Market, By Sprayers, 2019-2032 (USD Million)
9.1 Field-crop Sprayers
9.2 Orchard Sprayers
10. China Agriculture Equipment Market, By Harvesting Machinery, 2019-2032 (USD Million)
10.1 Combine Harvesters
10.2 Forage Harvesters
10.3 Other Harvesting Machinery
11. China Agriculture Equipment Market, By Haying & Forage Machinery, 2019-2032 (USD Million)
11.1 Mowers & Conditioners
11.2 Balers
11.3 Other Haying & Forage Machinery
12. China Agriculture Equipment Market, By Region, 2019-2032 (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 China
12.4 Middle China
12.5 North China
12.6 Northeast China
12.7 Northwest China
12.8 South China
12.9 Southwest China
13. Company Profiles
13.1. AGCO Corporation
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2. CNH Industrial NV
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3. Lovol Heavy Industry Co. Ltd
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4. Weichai Power Co. Ltd
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5. YTO Group Corporation
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 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.
