DUBLIN--(BUSINESS WIRE)--The "China Agriculture Equipment Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
China agricultural equipment market size will achieve a valuation of US$ 34.49 Billion by 2030 from US$ 22.76 Billion by 2023, growing with a CAGR of 6.12% from 2024-2030
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 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.
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.
China agricultural tractor sector will have a larger market share in the coming years
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 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 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
According to the report, 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
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.
Company Analysis: Business Overview, Recent Developments, Revenues
- John Deere
- AGCO
- CLAAS KGaA
- First Tractor Company Limited
- Kubota Corporation
- CNH Industrial N.V.
- Valmont Industries Inc
Equipment - China Agriculture Equipment Market have been covered from 7 viewpoints:
- Tractor
- Harvesting
- Planting Equipment
- Hay & Forage Equipment
- Irrigation & Crop Processing Equipment
- Spraying Equipment
- Others
Horsepower - China Agricultural Tractors Market
- Agriculture Tractors < 40 hp
- Agriculture Tractors 41-100 hp
- Agriculture Tractors > 100 hp
Harvesting - China Agriculture Equipment Market have been covered from 3 viewpoints
- Combine Harvesters
- Forage Harvesters
- Others
Planting Equipment - China Agriculture Equipment Market have been covered from 4 viewpoints:
- Seed Drills
- Air Seeders
- Planters
- Others
Spraying Equipment - China Agriculture Equipment Market have been covered from 5 viewpoints:
- Tractor-mounted
- Self-propelled
- Trailed
- Handheld
- Aerial
For more information about this report visit https://www.researchandmarkets.com/r/c2b8ol
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