Market Forecast By Products (Tractors ( Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up to 30 HP & 30.1 HP- 70 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 and Other Agriculture Equipment) and Competitive Landscape.
Product Code: ETC000962 | Publication Date: Jun 2022 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
China Agriculture Equipment Market registered a decline of -15.25% in value shipments in 2022 as compared to 2021 and an increase of 0.98% CAGR in 2022 over a period of 2017. In Agriculture Equipment Market China is becoming less competitive as HHI index in 2022 was 2246 while in 2017 it was 1561. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
China has reportedly relied more on domestic production to meet its growing demand in Agriculture Equipment Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Agriculture Equipment Market in 2022 was 0.26 while in 2017 it was 0.49. Netherlands, Slovakia, Germany, Japan and USA were among the top players of the market in 2022, where Netherlands acquired the largest market share of 37.59% with a shipment value of 17.71 million USD in 2022 Netherlands also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Agriculture Equipment Market. In 2017 Netherlands had the largest market share of 25.81% with the shipment value of 13.53 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Netherlands offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the China Agriculture Equipment Market in 2017.
China Agriculture Equipment Market is projected to grow over the coming years. China Agriculture Equipment Market report is a part of our periodical regional publication Asia Pacific Agriculture Equipment Market outlook report. 6W tracks Agriculture Equipment Market for over 60 countries with individual country-wise market opportunity assessments and publishes the market with the report titled Global Agriculture Equipment Market outlook report annually.
China Agriculture Equipment Market report thoroughly covers the market by Product type and HP range. The market report provides an unbiased and detailed analysis of the on-going 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 is anticipated to gain momentum during the upcoming years owing to the increasing modernization. Increasing awareness among farmers regarding the adoption of modern equipment backed by rising urbanization drives the China Agriculture Equipment Market Growth. Additionally, the rising shortage of farm labour in the country coupled with rising wages is driving the development of the market. The upsurge in the development of agriculture infrastructure is driving the China Agriculture Equipment Market Share. Increasing migration to urban areas has led to a decrease in dependency on labour in agriculture which is further shifting the market towards China Agriculture Equipment Market.
According to 6Wresearch, China Agriculture Equipment Market size is projected to register growth during 2021-2027. Increasing government initiatives such as providing loans on low rates of interest to develop the agriculture sector in the country drive the China Agriculture Equipment Market Revenue. Additionally, the outbreak of COVID-19 has led to the decline in the growth of the agriculture equipment market owing to the nationwide lockdown leading to the disruption in supply chain. The lack of awareness regarding the benefits of agriculture equipment is still a restraining factor in the growth of the market.
On the basis of product, the tractor segment occupied a substantial share and is expected to continue its domination during the forecast period as well.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Methodology Adopted and Key Data Points |
2.5. Assumptions |
3. ChinaAgriculture Equipment Market Overview |
3.1. China Agriculture Equipment Market Revenues and Volume, 2017-2027F |
3.2. China Agriculture Equipment Market Industry Life Cycle, 2018 |
3.3. China Agriculture Equipment Market Porter’s Five Forces |
3.4. China Agriculture Equipment Market Revenue and Volume Share, By Equipment, 2020 & 2027F |
4. ChinaAgriculture Equipment Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. ChinaTractor Market Overview |
5.1. China Tractor Market Revenues and Volume, 2017-2027F |
5.2. China Tractor Market Revenue Share, By HP Range, 2020 & 2027F |
5.3. China Tractor Market Volume Share, By HP Range, 2020 & 2027F |
5.4. China Tractor Market Revenues and Volume, By HP Range, 2017-2027F |
5.5. China Tractor Market Price Trend, By HP Range, 2017-2027F |
6. China Harvester Market Overview |
6.1. China Harvester Market Revenues and Volume, 2017-2027F |
6.2. China Harvester Market Revenue Share, By HP Range, 2020 & 2027F |
6.3. China Harvester Market Volume Share, By HP Range, 2020 & 2027F |
6.4. China Harvester Market Revenues and Volume, By HP Range, 2017-2027F |
6.5. China Harvester Market Price Trend, By HP Range, 2017-2027F |
7. China Thresher Market Overview |
7.1. China Thresher Market Revenues and Volume, 2017-2027F |
7.2. China Thresher Market Revenue Share, By HP Range, 2020 & 2027F |
7.3. China Thresher Market Volume Share, By HP Range, 2020 & 2027F |
7.4. China Thresher Market Revenues and Volume, By HP Range, 2017-2027F |
7.5. China Thresher Market Price Trend, By HP Range, 2017-2027F |
8. China Pumps Market Overview |
8.1. China Pumps Market Revenues and Volume, 2017-2027F |
8.2. China Pumps Market Revenue Share, By HP Range, 2020 & 2027F |
8.3. China Pumps Market Volume Share, By HP Range, 2020 & 2027F |
8.4. China Pumps Market Revenues and Volume, By HP Range, 2017-2027F |
8.5. China Pumps Market Price Trend, By HP Range, 2017-2027F |
9. China Power Tiller Market Overview |
9.1. China Power Tiller Market Revenues and Volume, 2017-2027F |
9.2. China Power Tiller Market Revenue Share, By HP Range, 2020 & 2027F |
9.3. China Power Tiller Market Volume Share, By HP Range, 2020 & 2027F |
9.4. China Power Tiller Market Revenues and Volume, By HP Range, 2017-2027F |
9.5. China Power Tiller Market Price Trend, By HP Range, 2017-2027F |
10. China Rotavator Market Overview |
10.1. China Rotavator Market Revenues and Volume, 2017-2027F |
10.2. China Rotavator Market Revenue Share, By HP Range, 2020 & 2027F |
10.3. China Rotavator Market Volume Share, By HP Range, 2020 & 2027F |
10.4. China Rotavator Market Revenues and Volume, By HP Range, 2017-2027F |
10.5. China Rotavator Market Price Trend, By HP Range, 2017-2027F |
11. China Other Agriculture Equipment Market Overview |
11.1. China Other Agriculture Equipment Market Revenues and Volume, 2017-2027F |
12. China Key Performance Indicators |
13. China Agriculture Equipment Market Opportunity Assessment |
13.1. China Agriculture Equipments Market, Opportunity Assessment, By Equipment, 2027F |
14. China Agriculture Equipment Market Competitive Landscape |
14.1. China Agriculture Equipment Market Revenue Share, By Companies, 2020 |
15. Company Profiles |
16. Strategic Recommendations |
17. Disclaimer |
Market Forecast By Products (Tractors ( Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up to 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up to 30 HP & 30.1 HP- 70 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 and Other Agriculture Equipment) and Competitive Landscape.
Product Code: ETC000962 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
China is a highly industrialized country; however, a good proportion of the population is still dependent on agriculture. The development of agriculture and farm mechanization has always been a top priority for the government of China. The farm mechanization industry has witnessed a phase of slow-down in recent years. However, the market has begun to experience signs of recovery in the first half of 2019. The Government’s efforts for up-gradation and transformation of agriculture mechanization are a major reason for the projected growth of China agriculture equipment market during the forecast period.
According to 6Wresearch, China Agriculture Equipment Market size is projected to grow at a CAGR of 1.9 % during 2019-25. The market saw a downward trend until 2019 since the market has already seen the saturation level. However, the market is anticipated to witness healthy growth from 2020 onwards as the market players are introducing new and innovative products. Other reasons for the growth of agricultural mechanization are increased pressure to increase farm productivity on account of the growing demand for cereals and food and decreased farm labor.
Amongst all products, the market of tractors acquired the highest volume share in the China agriculture equipment market in the year 2018 and would continue to maintain its dominance during the forecast period as well. Moreover, less than 30 HP tractor is the major contributor to the volume of tractors in China owing to decreasing farm size in the country and increasing government support to small farmers over large farmers.
The China agriculture equipment market report thoroughly covers the market by product types and by HP range. China agriculture equipment market outlook report provides an unbiased and detailed analysis of the on-going China agriculture equipment market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align market strategies according to the current and future market dynamics. China's agricultural equipment industry having different characters of unspecified manufacturers producing low technology. In the country, there are multiple equipment manufacturers such as Henan, Liaoning, lack of resources like funding, infrastructure, and human capital. China having heavily used imports high-tech farming machines. CAMDA stands for China Agricultural Machinery Distribution Association.
China Agriculture Equipment Market is anticipated to register significant growth projections during the forecast period 2020-26F backed by increasing government investments in the development of the agriculture sector in China coupled with decent rebates and incentives initiated by the Chinese government for easy procurement of farm equipment. According to the World Bank, inadequate services are leading to migration of the rural population towards urban areas in search of a better livelihood and better employment opportunities and is creating a substantial decline in the manual farm labors and has turned out to be a serious matter of concern for the country. To maintain sound crop production and progressive development of the agriculture sector, the adoption of agriculture and farm machinery is increasing across the country and would contribute towards the sound growth of the china agriculture equipment market in the near future.
Key Highlights of the Report:
China Agriculture Equipment Market Report Covered:
The report provides a detailed analysis of the following market segments: