• May 17, 2024
  • Updated 8:56 am

China Agricultural Equipment Market Anticipates a 6.12% Compound Annual Growth Rate (CAGR) from 2024 to 2030

Renub Research has published a document titled “China Agricultural Equipment Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030,” which includes market share statistics and a thorough enterprise analysis. This report concentrates on the competition, geographic distribution, and growth capability of the China Agricultural Equipment Market. 

China Agricultural Equipment Market is expected to amplify at a CAGR of 6.12% between 2024 and 2030. Agriculture holds massive importance in China, serving as a cornerstone of its economy and societal stability. With a considerable populace to feed, agriculture is vital in ensuring food security and maintaining livelihoods for millions. The sector contributes appreciably to GDP and maintains an essential supply of employment, especially in rural areas. China’s wealthy agricultural background spans numerous crops and farming practices, reflecting its cultural and geographical variety. As the nation grapples with modernization, sustainable farming practices become vital, emphasizing agriculture’s pivotal role in fostering economic improvement, social concord, and the general well-being of the Chinese populace.

The China agricultural equipment market is experiencing a robust boom pushed by technological advancements, authorities’ aid, and the imperative to enhance agricultural productivity. As China modernizes its farming practices, there is a demand for mechanized solutions. Tractors combine harvesters, and precision farming devices witness heightened adoption, optimizing responsibilities from planting to harvesting. The government’s emphasis on agricultural mechanization and tasks promoting sustainable practices propel market enlargement. Increasing farm consolidation and the need for efficient, labor-saving equipment contribute to the increased trajectory. With these factors, the Chinese agricultural equipment market is poised for sustained and dynamic expansion in the foreseeable future.

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Further, increasing demand for superior machinery to enhance efficiency and productiveness is predicted, driven by precision farming technology and sustainability practices. The evolving landscape and vital food security position the market for dynamic expansion. Ongoing advancements and a dedication to modernizing farming practices underscore the market’s capability for improvement and transformation. As a result, China agricultural equipment market will achieve a valuation of US$ 34.49 billion by 2030.

The agricultural tractor section in China is poised for considerable growth in market proportion in the coming years. 

As China modernizes its agricultural practices, there is a growing demand for technologically superior and efficient tractors to enhance productivity. Government projects supporting agricultural mechanization and adopting cutting-edge farming devices further increase the sector. Also, the increasing consolidation of small farms into large operations creates a demand for effective and flexible tractors. With a robust manufacturing infrastructure and a focus on agricultural improvement, China is poised to dominate the agricultural tractor market, securing a more significant market share in the foreseeable future.

Equipment – China Agriculture Equipment Market has 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

The less than 40HP tractor phase is leading in China’s agricultural equipment market because of its alignment with the country’s evolving agrarian panorama. 

In China, small-scale and fragmented agrarian holdings control a significant portion of farmland. Tractors with less than 40HP are well-suited for those operations, providing maneuverability and cost-effectiveness. Government incentives and subsidies promoting mechanization in small farms also drive this segment’s dominance. The versatility of these tractors makes them imperative for a wide range of agricultural tasks, solidifying their function as the favored choice and ensuring the continuing dominance of the less than 40HP tractor segment in China.

Tractor – China Agriculture Equipment Market has been covered from 3 viewpoints:

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

Combine harvesters are set to dominate the China agriculture equipment enterprise due to their pivotal position in enhancing efficiency and productivity. 

As China undergoes agricultural modernization, there may be a growing need for mechanized solutions to streamline harvesting on large-scale farms. Combine harvesters, with their capability to carry out a couple of obligations like cutting, threshing, and cleansing in a single operation, significantly increase output and reduce labor dependency. Government projects promoting agricultural mechanization further propel the dominance of combined harvesters. Their ability to handle various plants and optimize practical resource utilization positions them as vital, ensuring their perseverance in the evolving landscape of China’s agricultural equipment enterprise.

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

1. Combine Harvesters

2. Forage Harvesters

3. Others

The Air Seeders device market in China’s dynamic agriculture sector is expected to increase.

The Air Seeders equipment market is poised for a rapid boom in China’s agriculture equipment industry due to its crucial position in modernizing planting practices. As China strives for agricultural efficiency, there is a growing demand for precision seeding and resource optimization. Air seeders provide advanced seeding technology, permitting correct and effective placement of seeds, lowering wastage, and enhancing crop yields. The device’s capacity to cover large regions quickly aligns with the scale of Chinese agriculture. Government projects assisting sustainable and high-yield farming practices boost the adoption of air seeders.

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

1. Seed Drills

2. Air Seeders

3. Planters

4. Others

The China tractor-mounted market is expected to drive growth in the agricultural industry due to increased demand. 

Amidst China’s push for agricultural modernization, tractor-established equipment emerges as a vital force, amplifying performance and productivity. These flexible tools facilitate numerous farming obligations, including plowing, planting, cultivating, and harvesting. Their adaptability aligns seamlessly with China’s evolving landscape of huge-scale and diversified farming practices. Government backing for agricultural mechanization acts as a catalyst, contributing to the predicted upswing in demand for tractor-established systems. Consequently, it is a pivotal driver propelling an increase in China’s dynamic agriculture region.

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

1. Tractor-mounted

2. Self-propelled

3. Trailed

4. Handheld

5. Aerial

Competitive Landscape.

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

All companies have been covered from 3 viewpoints:

• Overviews

• Recent Developments

• 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

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