China Agricultural
Equipment Industry Outlook to 2018 – Promoted by Favorable Government Policies provides comprehensive analysis of market size of farm equipments such as
tractors (small and medium-large tractors), combine harvesters, rice
transplanters and cotton processing machinery in China. The report provides
market share analysis of major players in more than 25HP tractor market and low
powered tractor industry along with the competitive landscape. The publication
provides future outlook and prospects of farm equipments production and sales
along with the cause and effect relationship of several macro-economic and
industry factors.
China, a large farming nation, comes under the category of
those countries to which agriculture serves as the foundation of the national
economy. Out of the world’s 500 million small farms (covering less than 2
hectares), China claims roughly 39% share of the total. The country is
constantly engaged in making itself self-sufficient in several commodities,
majorly focusing upon food security. With the growing population, the need for
food productivity is on a constant rise. The Chinese government has been paying
great attention to the ever growing demand for food and rural development and
realizes the importance of agricultural modernization for attaining the same.
The agricultural sector contributes nearly 10% to the overall
GDP of China. The industrial structure of agriculture in China is gradually
shifting from just grain production to overall development of agriculture and
from traditional agricultural production to agricultural industrialization. Due
to the continuously improving infrastructure of the country, compiled with
government support favoring farm mechanization, the agricultural equipments
market in China has broadened and developed tremendously since the past decade.
In 2011, the country overtook the EU countries and the US to become the largest
producer of farm equipments in the world.
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| China Agricultural Equipment Industry |
According to the government of China, the agricultural
sector of the nation is fundamental to the national economic and social
development. In addition to affiliated factors such as plant breeding and
improved agricultural practices with ecosystem approach, agricultural
mechanization in China has played a key role in making China one of the
strongest agricultural economies in the world. In order to cover the
technological gap between the domestically manufactured and imported products,
the government is also open to the establishment of joint ventures between
Chinese and foreign enterprises. In return, the multinational companies enjoy
access to the vast Chinese market. Phasing out the commune system and
encouraging private investment in agricultural machinery has made the market
even more attractive for such ventures. Thus, foreign companies can easily
enter and expand their investments in China.
Additionally, the government of
China has implemented subsidies for purchasing agricultural equipments both at
the central and state level. Favorable government policies have greatly
motivated farmers to invest in machinery.
In 2013, the level of mechanization in agricultural
practices in China reached 59%. Therefore, the country has yet to become fully
automated, signifying the fact that the farm machinery industry has still not
realized its full potential. The total production value of agricultural
equipments in the country reached USD ~ million in 2013, at a CAGR of 14.8%
during 2008-2013. Small tractors were the largest contributors to the
production value of the industry. Even though the market for large-medium
powered tractors is growing at a considerable pace, China lags behind in the
production of the same and mainly satisfies its demand by way of imports.
Domestic companies operating in the agricultural equipments
market in China have captured a larger share in the market. While YTO Group’s
First Tractor Company Ltd. and Foton Lovol are the two largest domestic
companies, foreign companies including John Deere and Case New Holland also
have a considerable presence in the country.
The agricultural equipment industry is constantly striving
towards increasing productivity, resource efficiency and quality upgradation.
In order to ensure constant food supply to the country’s population and
increasing farmers’ income, the industry is proactively exploring mechanization
practices that increase yield and income. The demand for agricultural
equipments in China is projected to increase further in the future, underpinned
by increasing food productivity, industrialization of agriculture and the
government’s role in promoting the usage of machinery for agricultural
processes.
Key Topics Covered in
the Report:
·
China agricultural equipment market size in
terms of production value and revenue
·
Market segmentation of agricultural equipment
market in China
·
Analysis of mechanization level of agricultural
processes and major crops in China
·
Export Import scenario of the agricultural
equipment market in China
·
Government regulations and support schemes
·
China agricultural equipment industry trends, growth drivers and issues
·
Market share of major companies operating in the
industry
·
Macro economic factors in the agricultural
equipment market in China
Table of Contents :
1. Asia Pacific Agricultural Equipment
Industry Introduction
1.1. Value Chain of the Agricultural
Industry and Equipments Used for Different Applications
1.2. Asia Pacific Agricultural Equipment
Market Size by Value, 2008-2013
1.3. Asia Pacific Agricultural Equipment
Market Segmentation by Geography, 2008-2013
1.4. Growth Drivers and Opportunities in
Asia Pacific Agricultural Equipment Industry
Shortage of Labor
Land Use Consolidation
Rising Farmers’ Income
1.5. Issues and Challenges in Asia Pacific
Agricultural Equipment Industry
Lack of Skilled Manpower
Tariff Difference on
Machines and Spare Parts
1.6. Competitive Landscape of Major
Companies in Asia Pacific Agricultural Equipment Industry
1.7. Asia Pacific Agricultural Equipment
Industry Future Outlook and Projections, 2014-2018 20
1.7.1. By Revenue, 2014-2018
1.7.2. By Geography, 2014-2018
2. China Agricultural Equipment Industry
Introduction
2.1. China Agricultural Equipment Market
Size by Production Value and Revenue, 2008-2013
2.2. China Agricultural Equipment Market
Segmentation (Tractors, Combine Harvesters, Rice Transplanters, Cotton
Processing Machinery), 2008-2013
2.2.1. By Production Volume, 2008-2013
2.2.2. Greater Than 25HP Tractor Sales in
China, 2008-2013
2.3. Total Power of Agricultural Equipments
in China, 2008-2013
2.4. Mechanization Level of Agriculture in
China, 2008-2013
2.4.1. National Agricultural Mechanization,
2008-2013
2.4.2. Mechanization Level of Agricultural
Processes, 2008-2013
2.5. Export and Import of Agricultural
Equipments in China, 2008-2013
2.6. Government Regulations and Support
Schemes for Agricultural Equipment Industry in China
2.6.1. Law on Promotion of Agricultural
Mechanization in China
2.6.2. Government Subsidies for Purchase of
Agricultural Equipment, 2008-2013
2.7. Trends and Developments in China
Agricultural Equipment Industry
Technological Joint
Ventures
The Expansion of
Agricultural Machinery Cooperatives and Owners
Increasing Proportion of
High Horse Power Tractors
2.8. Growth Drivers and Opportunities in
China Agricultural Equipment Industry
Growth of Agricultural
Activity
Favorable Government
Policies
Improved Access to
Agricultural Equipments
2.9. Issues and Challenges in China
Agricultural Equipment Industry
Poor Utilization Rate
Unbalanced Development of
the Agricultural Equipment Industry
Raw Material Price
Volatility
2.10. SWOT Analysis of China Agricultural
Equipment Industry
2.11. Market Share of Major Companies in
China Agricultural Equipment Industry
2.11.1. Market Share of Major Companies in
Greater Than 25HP Tractor Market in China, 2013
2.11.2. Market Share of Major Companies in Low
Powered (>25 HP) Tractor Market in China, 2011
2.12. Competitive Landscape of Major
Companies in China Agricultural Equipment Industry
2.13. China Agricultural Equipment Industry
Future Outlook and Projections, 2014-2018
2.13.1. By Production Value and Revenue,
2014-2018
2.13.2. By Segments, 2014-2018
2.13.3. Cause and Effect Relationship Between
Dependent And Independent Factors Prevailing in China Agricultural Equipment
Industry
2.14. Macroeconomic Factors in China
Agricultural Equipment Industry
2.14.1. Farmers’ Per Capita Income in China,
2008-2018
2.14.2. Agricultural Land in China, 2008-2018
2.14.3. Government Subsidies for Agricultural
Equipments in China, 2008-2018
2.14.4. Inflation Rate in China, 2008-2018
2.14.5. Major Crop Production in China,
2008-2013
2.14.6. Agricultural Workforce in China,
2008-2018
3. Appendix
3.1. Market Definitions
3.2. Abbreviations
3.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and
Independent)
Final Conclusion
3.4. Disclaimer
Contact Person- Ankur Gupta
Contact Email Id- ankur@kenresearch.com
