Renub

    China Agriculture Equipment Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

    Excel: 8 Hours
    PDF: 24 Hours
    Feb 2023
    Pages: 180

    China Agriculture Equipment Market Outlook

    China agricultural equipment market size will achieve a valuation of US$ 34.49 Billion by 2030, according to Renub Research. China has a well-established and rapidly growing agricultural and machinery (equipment) sector. China has produced one-fourth of the world's grain, and China has less than 9 percent of the world's arable land, but it can feed its population of over 1.4 billion people. This is an excellent achievement in pursuing food and nutrition security in China and globally. China ranks first globally in producing cereals, cotton, fruits, vegetables, meat, poultry, eggs, and fish. China's agricultural machinery development has gone through five stages in its 100-year history:

     

    • Germination stage of agricultural machinery development in China (1917-1949)
    • Construction Stage of the Modern Agricultural Machinery Industry System in China (1949-1979)
    • The System Transformation Stage (1980-1995)
    • Market-oriented stage (1996-2003)
    • Rapid development stage (2004-2014)


    China has made significant progress in Agricultural Mechanization in the past ten years. However, a considerable gap exists between China's agricultural mechanization levels and developed countries. China has presented a strategic focus on agricultural mechanization to bridge this gap and improve agricultural machinery's scientific and technological innovation ability. The "3 steps" improvement plan defines the method, highlighting China's agricultural equipment science and technology innovation and agricultural mechanization development objectives with the aid of 2025, 2035, and 2050. China emphasizes two development concepts: complete system & complete mechanization, and the evolution of China's agricultural machinery from 1.0 to 4.0.


    China Agriculture Equipment Market will grow with a CAGR of 6.12% from 2024-2030

    Farmers use Agricultural devices to perform various agricultural activities and operations. In recent decades, the quantity of automation has multiplied in this equipment, and the usage of such computerized agricultural equipment has brought about accelerated manufacturing within the agricultural segment. Using equipment that has improved the amount of automation has been a boon for the China agriculture equipment market share. Integrating GPS solutions and the Internet of Things applications in agricultural machinery will increase this industry's production. This device is used in various functions like harvesting, threshing, and land development.

    China Agricultural Equipment Industry is growing notably, with key factors influencing the sector. Government initiatives, like subsidies and rules, promote the adoption of modern-day farming technologies. Technological advancements, such as precision farming and AI integration, beautify efficiency and productiveness. The demand for mechanization is rising because of growing labor costs and shortages, as farm equipment compensates for personnel challenges. Ensuring food safety for the increasing population and addressing environmental issues contribute to the industry's momentum. This dynamic panorama displays a shift towards sustainable, technology-driven agriculture, positioning China as a critical participant in the worldwide agriculture equipment market. The market for agriculture equipment in China has reached a valuation of US$ 22.76 Billion by 2023.


    China agricultural tractor sector will have a larger market share in the coming years

    By Equipment, China Agriculture Equipment Market is divided into Tractor, Harvesting, Planting Equipment, Hay & Forage Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, and Others. The China agricultural tractor segment is poised for significant market expansion in the coming years. Driven by a surge in demand for mechanized farming and extended emphasis on agricultural modernization, tractors play a pivotal position in enhancing performance. Government aid, technological advancements, and the need to address labor shortages further increase the tractor market. As China continues prioritizing food security and sustainable agriculture, the agricultural tractor segment is predicted to develop extensively, cementing its position as an essential aspect of its evolving agricultural panorama.


    By Tractor, less than 40 HP market share will dominate in the upcoming future

    China's Agriculture Equipment Market is segmented into Agriculture Tractors < 40 hp, Agriculture Tractors 41-100 hp, and Agriculture Tractors > 100 hp. China's less than 40HP tractor segment is dominant, signifying a crucial role in the agricultural panorama. These compact tractors are broadly desired for small to medium-sized farms because of their versatility, maneuverability, and value-effectiveness. Farmers, specifically in rural areas, locate those tractors suitable for diverse tasks, contributing to their massive adoption. Government assistance and subsidies, in addition, bolster the dominance of the much less than 40HP tractor category, making sure accessibility for smaller farmers. As China modernizes its agriculture, this segment is poised to maintain its influential function inside the market.


    Combine Harvesters will dominate within the Chinese agriculture equipment industry

    The China Agriculture Equipment Market is sub-segmented by Harvesting into Combine Harvesters, Forage Harvesters, and Others. The China Agriculture Equipment Industry is predicted to see an upward thrust within the dominance of Combine Harvesters, marking a shift towards large-scale and green harvesting practices. Combine harvesters have a crucial position in streamlining the harvesting process, as there's a growing demand for accelerated productivity and decreased labor prices. The use of these superior machines is being incentivized by government initiatives and subsidies, which contribute to their border adoption with the aid of farmers. The Combine Harvester sector is ready to preserve a distinguished role in the industry, reflecting China's agricultural mechanization and technological advancements, as the focus remains on modernizing agriculture to satisfy the ever-growing demand for meals.


    Air Seeders equipment market will increase in China

    Planting Equipment: China's Agriculture Equipment Market is classified into Seed Drills, Air Seeders, Planters, and Others. According to Renub Research, the air seeders market will gain prominence in China's agriculture equipment industry in the coming year. These advanced seeding machines offer precision and performance, aligning with the country's push for modern-day and sustainable farming practices. Farmers are turning to air seeders with growing demand for improved crop yields and optimal resource utilization. Government assistance and focus on environmental sustainability further drive their adoption. As China prioritizes high-tech solutions in agriculture, the air seeder sector is properly positioned to witness extensive growth, becoming a key contributor to the industry's evolving panorama.


    China Tractor-mounted market is anticipated to increase the demand for the agriculture industry

    By Spraying Equipment, China Agriculture Equipment Market is split into Tractor-mounted, Self-propelled, Trailed, Handheld, and Aerial. The Tractor-mounted market holds a widespread portion of China's agriculture equipment industry, playing a vital role in modern farming practices. These multi-functional tools are used for numerous agricultural responsibilities, from plowing to planting. Farmers adopt them extensively, primarily driven by government support, subsidies, and the need for expanded efficiency. The tractor-mounted device caters to the various needs of farms and contributes notably to China's agricultural output. As China continues its adventure toward agricultural modernization, the tractor-mounted market is anticipated to maintain its dominance, playing an important role in the evolution of China's farming practices.


    Key Player

    John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, Kubota Corporation, CNH Industrial N.V., and Valmont Industries Inc. are the principal participants in the China Agriculture Equipment Market.


    Renub Research report titled “China Agriculture Equipment Market Forecast by Equipment (Tractor, Harvesting, Planting Equipment, Hay & Forage Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Others), Tractor (Agriculture Tractors < 40 hp, Agriculture Tractors 41-100 hp, Agriculture Tractors > 100 hp), Harvesting (Combine Harvesters, Forage Harvesters, Others), Planting (Seed Drills, Air Seeders, Planters, Others), Spraying (Tractor-mounted, Self-propelled, Trailed, Handheld, Aerial), Companies (John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, Kubota Corporation, CNH Industrial N.V., and Valmont Industries Inc)” provides a complete analysis of China agriculture equipment industry.


    Equipment – China Agriculture Equipment Market have been covered from 7 viewpoints:

    1.    Tractor
    2.    Harvesting
    3.    Planting Equipment
    4.    Hay & Forage Equipment
    5.    Irrigation & Crop Processing Equipment
    6.    Spraying Equipment
    7.    Others


    Horsepower – China Agricultural Tractors Market

    1.    Agriculture Tractors < 40 hp
    2.    Agriculture Tractors 41-100 hp
    3.    Agriculture Tractors > 100 hp


    Harvesting – China Agriculture Equipment Market have been covered from 3 viewpoints:

    1.    Combine Harvesters
    2.    Forage Harvesters
    3.    Others


    Planting Equipment – China Agriculture Equipment Market have been covered from 4 viewpoints:

    1.    Seed Drills
    2.    Air Seeders
    3.    Planters
    4.    Others


    Spraying Equipment – China Agriculture Equipment Market have been covered from 5 viewpoints:

    1.    Tractor-mounted
    2.    Self-propelled
    3.    Trailed
    4.    Handheld
    5.    Aerial


    All companies have been covered from 3 viewpoints:

    •    Overviews
    •    Recent Development
    •    Revenues


    Company Analysis:

    1.    John Deere
    2.    AGCO
    3.    CLAAS KGaA
    4.    First Tractor Company Limited
    5.    Kubota Corporation
    6.    CNH Industrial N.V.
    7.    Valmont Industries Inc


    Report Details:

    Report Features Details
    Base Year 2022
    Historical Period 2019 - 2022
    Forecast Period 2024 - 2030
    Market US$ Billion
    Segment Covered Equipment, Tractor, Harvesting, Planting Equipment , and Spraying Equipment
    Companies Covered John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited, Kubota Corporation, CNH Industrial N.V., and Valmont Industries Inc
    Customization Scope 20% Free Customization
    Post-Sale Analyst Support 1 Year (52 Weeks)
    Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

    1.    Introduction

    2.    Research Methodology

    3.    Executive Summary

    4.    Market Dynamics

    4.1    Growth Drivers
    4.2    Challenges


    5.    China Agricultural Equipment Market

    6.    Share Analysis – China Agriculture Equipment Market 

    6.1    By Equipment
    6.2    By Tractor
    6.3    By Harvesting
    6.4    By Planting Equipment
    6.5    By Spraying Equipment


    7.    Types – China Agriculture Equipment Market

    7.1    Tractor
    7.2    Harvesting
    7.3    Planting Equipment
    7.4    Hay & Forage Equipment
    7.5    Irrigation & Crop Processing Equipment
    7.6    Spraying Equipment
    7.7    Others


    8.    Horsepower – China Agricultural Tractors Market

    8.1    Agriculture Tractors < 40 hp
    8.2    Agriculture Tractors 41-100 hp
    8.3    Agriculture Tractors > 100 hp


    9.    Harvesting Equipment Market – China Agriculture Equipment Market

    9.1    Combine Harvesters
    9.2    Forage Harvesters
    9.3    Others


    10.    Planting Equipment Market – China Agriculture Equipment Market

    10.1    Seed Drills
    10.2    Air Seeders
    10.3    Planters
    10.4    Others


    11.    Spraying Equipment Market – China Agriculture Equipment Market

    11.1    Tractor-mounted
    11.2    Self-propelled
    11.3    Trailed
    11.4    Handheld
    11.5    Aerial


    12.    Porter’s Five Forces – China Agriculture Equipment Market

    12.1    Bargaining Power of Buyer
    12.2    Bargaining Power of Supplier
    12.3    Threat of New Entrants
    12.4    Rivalry among Existing Competitors
    12.5    Threat of Substitute Products


    13.    SWOT Analysis – China Agriculture Equipment Market

    13.1    Strengths
    13.2    Weaknesses
    13.3    Opportunities
    13.4    Threats


    14.    Company Analysis

    14.1    John Deere

    14.1.1    Overviews
    14.1.2    Recent Development
    14.1.3    Revenues

    14.2    AGCO

    14.2.1    Overviews
    14.2.2    Recent Development
    14.2.3    Revenues

    14.3    CLAAS KGaA

    14.3.1    Overviews
    14.3.2    Recent Development
    14.3.3    Revenues

    14.4    First Tractor Company Limited

    14.4.1    Overviews
    14.4.2    Recent Development
    14.4.3    Revenues

    14.5    Kubota Corporation

    14.5.1    Overviews
    14.5.2    Recent Development
    14.5.3    Revenues

    14.6    CNH Industrial N.V.

    14.6.1    Overviews
    14.6.2    Recent Development
    14.6.3    Revenues

    14.7    Valmont Industries, Inc.

    14.7.1    Overviews
    14.7.2    Recent Development
    14.7.3    Revenues


    List of Figures:

    Figure-01:    China – Agricultural Equipment Market (Billion US$), 2019 – 2023
    Figure-02:    China – Forecast for Agricultural Equipment Market (Billion US$), 2024 – 2030
    Figure-03:    Type – Tractor Market (Million US$), 2019 – 2023
    Figure-04:    Type – Forecast for Tractor Market (Million US$), 2024 – 2030
    Figure-05:    Type – Harvesting Market (Million US$), 2019 – 2023
    Figure-06:    Type – Forecast for Harvesting Market (Million US$), 2024 – 2030
    Figure-07:    Type – Planting Equipment Market (Million US$), 2019 – 2023
    Figure-08:    Type – Forecast for Planting Equipment Market (Million US$), 2024 – 2030
    Figure-09:    Type – Hay & Forage Equipment Market (Million US$), 2019 – 2023
    Figure-10:    Type – Forecast for Hay & Forage Equipment Market (Million US$), 2024 – 2030
    Figure-11:    Type – Irrigation & Crop Processing Equipment Market (Million US$), 2019 – 2023
    Figure-12:    Type – Forecast for Irrigation & Crop Processing Equipment Market (Million US$), 2024 – 2030
    Figure-13:    Type – Spraying Equipment Market (Million US$), 2019 – 2023
    Figure-14:    Type – Forecast for Spraying Equipment Market (Million US$), 2024 – 2030
    Figure-15:    Type – Others Market (Million US$), 2019 – 2023
    Figure-16:    Type – Forecast for Others Market (Million US$), 2024 – 2030
    Figure-17:    Horsepower – Agriculture Tractors < 40 hp Market (Million US$), 2019 – 2023
    Figure-18:    Horsepower – Forecast for Agriculture Tractors < 40 hp Market (Million US$), 2024 – 2030
    Figure-19:    Horsepower – Agriculture Tractors 41-100 hp Market (Million US$), 2019 – 2023
    Figure-20:    Horsepower – Forecast for Agriculture Tractors 41-100 hp Market (Million US$), 2024 – 2030
    Figure-21:    Horsepower – Agriculture Tractors > 100 hp Market (Million US$), 2019 – 2023
    Figure-22:    Horsepower – Forecast for Agriculture Tractors > 100 hp Market (Million US$), 2024 – 2030
    Figure-23:    Harvesting Equipment – Combine Harvesters Market (Million US$), 2019 – 2023
    Figure-24:    Harvesting Equipment – Forecast for Combine Harvesters Market (Million US$), 2024 – 2030
    Figure-25:    Harvesting Equipment – Forage Harvesters Market (Million US$), 2019 – 2023
    Figure-26:    Harvesting Equipment – Forecast for Forage Harvesters Market (Million US$), 2024 – 2030
    Figure-27:    Harvesting Equipment – Others Market (Million US$), 2019 – 2023
    Figure-28:    Harvesting Equipment – Forecast for Others Market (Million US$), 2024 – 2030
    Figure-29:    Planting Equipment – Seed Drills Market (Million US$), 2019 – 2023
    Figure-30:    Planting Equipment – Forecast for Seed Drills Market (Million US$), 2024 – 2030
    Figure-31:    Planting Equipment – Air Seeders Market (Million US$), 2019 – 2023
    Figure-32:    Planting Equipment – Forecast for Air Seeders Market (Million US$), 2024 – 2030
    Figure-33:    Planting Equipment – Planters Market (Million US$), 2019 – 2023
    Figure-34:    Planting Equipment – Forecast for Planters Market (Million US$), 2024 – 2030
    Figure-35:    Planting Equipment – Others Market (Million US$), 2019 – 2023
    Figure-36:    Planting Equipment – Forecast for Others Market (Million US$), 2024 – 2030
    Figure-37:    Spraying Equipment – Tractor-mounted Market (Million US$), 2019 – 2023
    Figure-38:    Spraying Equipment – Forecast for Tractor-mounted Market (Million US$), 2024 – 2030
    Figure-39:    Spraying Equipment – Self-propelled Market (Million US$), 2019 – 2023
    Figure-40:    Spraying Equipment – Forecast for Self-propelled Market (Million US$), 2024 – 2030
    Figure-41:    Spraying Equipment – Trailed Market (Million US$), 2019 – 2023
    Figure-42:    Spraying Equipment – Forecast for Trailed Market (Million US$), 2024 – 2030
    Figure-43:    Spraying Equipment – Handheld Market (Million US$), 2019 – 2023
    Figure-44:    Spraying Equipment – Forecast for Handheld Market (Million US$), 2024 – 2030
    Figure-45:    Spraying Equipment – Aerial Market (Million US$), 2019 – 2023
    Figure-46:    Spraying Equipment – Forecast for Aerial Market (Million US$), 2024 – 2030
    Figure-47:    John Deere – Global Revenue (Billion US$), 2019 – 2023
    Figure-48:    John Deere – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-49:    AGCO – Global Revenue (Billion US$), 2019 – 2023
    Figure-50:    AGCO – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-51:    CLAAS KGaA – Global Revenue (Billion US$), 2019 – 2023
    Figure-52:    CLAAS KGaA – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-53:    First Tractor Company Limited – Global Revenue (Billion US$), 2019 – 2023
    Figure-54:    First Tractor Company Limited – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-55:    Kubota Corporation – Global Revenue (Billion US$), 2019 – 2023
    Figure-56:    Kubota Corporation – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-57:    CNH Industrial N.V. – Global Revenue (Billion US$), 2019 – 2023
    Figure-58:    CNH Industrial N.V. – Forecast for Global Revenue (Billion US$), 2024 – 2030
    Figure-59:    Valmont Industries, Inc. – Global Revenue (Billion US$), 2019 – 2023
    Figure-60:    Valmont Industries, Inc. – Forecast for Global Revenue (Billion US$), 2024 – 2030


    List of Tables:

    Table-01:    China – Agriculture Equipment Market Share by Equipment (Percent), 2019 – 2023
    Table-02:    China – Forecast for Agriculture Equipment Market Share by Equipment (Percent), 2024 – 2030
    Table-03:    China – Agriculture Equipment Market Share by Tractor (Percent), 2019 – 2023
    Table-04:    China – Forecast for Agriculture Equipment Market Share by Tractor (Percent), 2024 – 2030
    Table-05:    China – Agriculture Equipment Market Share by Harvesting (Percent), 2019 – 2023
    Table-06:    China – Forecast for Agriculture Equipment Market Share by Harvesting (Percent), 2024 – 2030
    Table-07:    China – Agriculture Equipment Market Share by Planting Equipment (Percent), 2019 – 2023
    Table-08:    China – Forecast for Agriculture Equipment Market Share by Planting Equipment (Percent), 2024 – 2030
    Table-09:    China – Agriculture Equipment Market Share by Spraying Equipment (Percent), 2019 – 2023
    Table-10:    China – Forecast for Agriculture Equipment Market Share by Spraying Equipment (Percent), 2024 – 2030

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