China Agriculture Equipment Market (2024-2030) | Outlook, Companies, Revenue, Trends, Growth, Forecast, Size, Industry, Share, Value & Analysis

Topics Covered in the China Agriculture Equipment Market

China Agriculture Equipment Market report thoroughly covers the market by products and other agriculture equipment. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

China Agriculture Equipment Market Synopsis

China Agriculture Equipment Market is driven by the increasing adoption of technology in agriculture practices and the need to improve crop yields and farm productivity. Agriculture machinery, including tractors, harvesters, and irrigation equipment, are the most widely used equipment in China. With agriculture and rural areas playing a critical role in its economy. Agriculture equipment is essential for modern farming practices, and its market in China is growing at a rapid pace.

According to 6Wresearch, the China Agriculture Equipment Market size in China is expected to grow at a CAGR of 7.2% during the forecast period 2024-2030. The market growth is driven by an increasing technological advancement in agricultural machinery, increasing government support for agriculture, the growing demand for environmental safety, and a shift in the farm-to-market supply chain. Furthermore, the rising labor costs have led farmers to rely on technology to improve farming efficiency, resulting in high demand for agricultural equipment. Despite the growth, the market has various challenges, including small farming lands, inadequate infrastructure, scarcity of labor, and the environmental impact of agriculture practices.

The shortage of fertilizers and pesticides also creates difficulties for farmers. Moreover, the high cost of agricultural equipment poses another obstacle to the China Agriculture Equipment Market growth. Nevertheless, some trends are leaving a positive impact owing to the increasing focus on sustainability, precision farming techniques, and automation. Hybrid technologies, sensor-based equipment, and automation technology help to improve productivity and precision farming practices. The increasing use of artificial intelligence in agriculture equipment provides farmers with predictive insights and helps in decision-making.

Government Initiatives Introduced in the China Agriculture Equipment Market

China Agriculture Equipment Market share is estimated to increase with the introduction of several initiatives to promote agriculture and improve farming efficiency. One of the most significant government initiatives is the provision of subsidies to small farmers to help them purchase agricultural equipment. Many key players operating in the agriculture equipment market in China, including John Deere, AGCO Corporation, CNH Industrial N.V., and Kubota Corporation, among others. 

Key Players in the China Agriculture Equipment Market

The Chinese agriculture equipment market is primarily dominated by domestic manufacturers, with Dongfeng, YTO Group, and Changzhou Dongfeng Agricultural Machinery ranking as the top players. Other significant players include Shifeng Group, Shandong Shifeng (Group), Foton Lovol International Heavy Industry, Yueda Group, and Xingguang Agricultural Equipment.

Market Analysis by Product

According to Nitesh, Research Manager, 6Wresearch, all machines' demands vary depending on the farmer's crop and scale of farming. From tractors to rotavators, every piece of equipment plays a crucial role in maintaining the productivity of farms. However, tractors are dominating the China Agriculture Equipment Market revenue, with high demand in the country's agriculture equipment market.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• China Agriculture Equipment Market Outlook
• China Agriculture Equipment Market Overview    
• China Agriculture Equipment Market Forecast
• China Agriculture Equipment Market Size
• China Agriculture Equipment Market Share, by-products
• China Agriculture Equipment Market Forecast of revenues until 2030
• Historical Data of China Agriculture Equipment Market Revenues and Volume, by-products for the Period 2020 - 2030
• Market Size & Forecast of China Agriculture Equipment Market Revenues and Volume, by-products until 2020
• China Tractor Market Revenue and Volume Share, By HP Range
• Historical Data of China Tractor Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Tractor Market Revenues and Volume, By HP range until 2020
• China Harvester Market Revenue and Volume Share, By HP Range
• Historical Data of China Harvester Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Harvester Revenue and Volume Share, By HP range until 2020
• China Thresher Market Revenue and Volume Share, By HP Range
• Historical Data of China Thresher Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Thresher Market Revenues and Volume, By HP range until 2020
• China Pumps Market Revenue and Volume Share, By HP Range
• Historical Data of China Pumps Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Pumps Market Revenues and Volume, By HP range until 2020
• China Power Tiller Market Revenue and Volume Share, By HP Range
• Historical Data of China Power Tiller Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Power Tiller Market Revenues and Volume, By HP range until 2020
• China Rotavator Market Revenue and Volume Share, By HP Range
• Historical Data of China Rotavator Market Revenues and Volume, by HP range for the Period 2020 - 2030
• Market Size & Forecast of China Rotavator Market Revenues and Volume, By HP range until 2020
• China Agriculture Equipment Market Drivers and Restraints
• China Agriculture Equipment Market Trends
• Porter’s Five Forces Analysis and Market Opportunity Assessment
• China Agriculture Equipment Market Share, by Companies
• China Agriculture Equipment Market Overview, by Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Market Covered

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

By-Products:

Tractors

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Above 200 HP

Harvesters

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Above 200 HP

Threshers

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Above 200 HP

Pumps

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP
• 130.1 HP- 200 HP
• Above 200 HP

Power Tillers

• Up to 30 HP
• 30.1 HP- 70 HP

Rotavators

• Up to 30 HP
• 30.1 HP- 70 HP
• 70.1 HP- 130 HP

China Agriculture Equipment Market (2023-2029): FAQs