China Agriculture Equipment Market is anticipated to register significant growth projections during the forecast period backed by increasing government investments in developing the agriculture sector in China coupled with decent rebates and incentives initiated by the Chinese government for easy procurement of farm equipment. As per this report, the Agriculture Equipment Market Size in China will grow with a CAGR of 7.75% from 2020-2026.
Although the agricultural equipment industry in China is based on evolving technology, the lack of human capital and the necessary infrastructure to develop sophisticated farming machines that can compete with foreign products are some of the major factors restraining its growth. Due to this, China relies heavily on imports for high-tech farming equipment. According to the publisher new report, China Agriculture Equipment Market Opportunity will be US$ 43.5 Billion by 2026.
The demand for large and medium tractor in China is quite huge, and its sales are increasing rapidly. Small tractors are the most extensive selling agriculture equipment as it's more affordable and used by an average farmer across China. Furthermore, the small tractor's demand is increasing because of the improving per capita income of the farmer in the country. The harvesting machine in the report has been categorized into a single harvesting machine that performs a single task and a combine/multipurpose harvesting machine that can perform harvesting of multiple crops. Further, the combine harvester has been categorized into three parts; rice combine harvester, wheat combine harvester and other combine harvesters.
In China, the companies dealing in Agricultural Equipment are competing based on equipment quality and promotion. New product launches, partnerships, and acquisitions are the major strategies adopted by the country's leading companies. Major Chinese Agricultural Equipment companies include John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited and Kubota Corporation.
This report titled “China Agriculture Equipment Market & Volume Forecast by Segments (Tractor - Large & Small, Motorized Threshing, Towing Farm Machinery, Trans-Planter, Harvesting - Single & Multi/Combine: Rice, Wheat, Others), Companies (AGCO, John Deere, CLAAS KGaA, Kubota Corporation, First Tractor Company Limited)” provides a complete analysis of China agriculture equipment industry.
China Agriculture Equipment Market & Volume by Segment have been covered from 6 viewpoints:
1) Large & Medium Tractor
2) Small Tractor
3) Large & Medium Towing Farm Machinery
4) Motorized Threshing Machinery
5) Trans-Planter Machinery
6) Harvesting Machinery
China Harvesting Machinery sales Market & Volume by Type have been covered from 2 viewpoints:
1) Single Harvesting Machinery
2) Multi/Combine Harvesting Machinery
China Combine Harvesting Machinery Market & Volume by Type have been covered from 3 viewpoints:
1) Rice Combine Harvesting Machinery
2) Wheat Combine Harvesting Machinery
3) Other Combine Harvesting Machinery
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
Table of Contents
Companies Mentioned
- John Deere
- AGCO
- CLAAS KGaA
- First Tractor Company Limited
- Kubota Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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