Demand for agricultural equipment in China is projected to grow 10.8 percent annually to 225 billion yuan in 2015, driven in part by favorable government policies and improved access to equipment through cooperatives. Farm tractors will remain the largest segment while planting and fertilizing machinery and harvesting machinery grow the fastest.This study analyzes the 134.6 billion yuan agricultural equipment market in China. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by product (e.g., farm tractors, harvesting machinery, plowing and cultivating machinery, planting and fertilizing machinery) and region (e.g., Central-North, Northeast, Central-East).The study also considers market environment factors, details industry structure, evaluates company market shares and profiles 34 market participants, including China National Machinery Industry, Foton Lovol International Heavy Industries, and Deere & Company.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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