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China agriculture equipment market is expected to be US$ 50 Billion by 2025

01-30-2019 02:44 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Renub Research

China-agriculture-equipment-market-volue-forecast-segments-companies

China-agriculture-equipment-market-volue-forecast-segments-companies

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Globally China is the biggest market for agricultural machinery and largest manufacturer of farming equipment. Majority of domestic agricultural equipment manufacturers, operate in Henan, Shandong, Liaoning, Zhejiang and Jiangsu provinces of China. Chinese government always focuses on agriculture mechanization as a part of agriculture policy. China has accelerated the development of agriculture mechanization with rapid pace since 2004 and achieved remarkable output with implementing several laws and regulation that support agriculture mechanization. In addition, to boost the sales of agriculture equipment, ministry of agriculture provides subsidy for purchasing farm equipment. China agriculture equipment market is expected to be US$ 50 Billion by the end of year 2025.
At present China agriculture equipment market requirement is heavily dependent on foreign imports for high-tech farming machinery. China’s domestic agricultural equipment manufacturers mostly produce low technology machinery. According to China Agricultural Machinery Distribution Association (CAMDA), the top five domestic manufacturers accounted for less than 25 percent of the market. Major companies operating in Chinese agricultural equipment space are YTO Group, Kubota Corporation.

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Agriculture equipment market of China is transforming rapidly from traditional, labor-intensive farming practices to mechanized, high-technology agriculture. Chinese government has made mechanizing agriculture and moving rural inhabitants to urban areas a top policy objective. The primary reason behind this policy is China’s changing demographics, limited agricultural land and water resources, the Chinese populations increasingly varied dietary preferences, and the high priority the government continues to attach to food security.

Renub Research report titled “China Agriculture Equipment Market & Volume Forecast by Segments (Tractor – Large & Small, Towing Farm Machinery, Motorized Threshing, Trans-Planter, Harvesting – Single & Multi/Combine: Rice, Wheat, Others) Companies (YTO Group, Kubota Corporation, Luoyang Sida Agricultural Machinery, Shijiazhuang Agricultural Machinery, AGCO)” provides a complete analysis of agriculture equipment industry of China.

China Large & Medium Tractor Insight
In this report, we have done comprehensive analysis of large & medium tractor sales volume and market. The demand of large and medium tractor in China is quite huge and its sales are increasing at rapid pace.

China Small Tractor Insight
China small tractor is largest selling agriculture equipment as it’s more affordable and used by average farmer across the China. The demand of small tractor is increasing because of improving per capita income of farmer.

Large & Medium Towing Farm Machinery Insight
In this report, we have shown volume, market & forecast of large & medium towing farm machinery sales in China. The base year is 2014 and forecast year is 2019-2025. This report gives you complete insights of towing machine and their demand which are significantly rising.

China Motorized Threshing Machinery Insight
China motorized threshing machine is growing with low speed as demand of combine harvester is growing quickly. The combine harvester is itself able to perform the task of thresher machine. In this report, we offer you complete insight of thresher machine; past, present and forecast scenario.

China Trans-Planter Machinery Insights
In this report, we have done market outlook and volume sales position of trans-planter machinery; Past, Current and forecast to give you complete picture of trans-planter machine in China.

China Harvesting Machinery Insights
In this report, we have categorized the harvesting machine into two part single harvesting machine that perform single task and combine/multipurpose harvesting machine that can perform harvesting of multiple crops. Further we have categorized the combine harvester into three parts; rice combine harvester, wheat combine harvester and other combine harvester.

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Renub Research is a leading Market Research and Information Analysis Company with centers at Noida India and Roswell USA. We have long-term experience especially in international Business-to-Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others.

Our core team is comprised of an experienced people holding graduate, post graduate and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research help make the business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets.

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