Global and China Agricultural Machinery Markets 2017-2021: Operation, R & D and Development Strategy of 8 Global and 18 Key Chinese Enterprises

Although China's agricultural machinery industry is facing many challenges, the industry is still promising in the long run. The state has introduced Thirteenth Five-Year Plan for National Agricultural Mechanization Development, Action Program for Agricultural Machinery and Equipment Development (2016-2025) and other policies to promote the full agricultural mechanization. Data show that China's comprehensive agricultural mechanization level hit more than 65% in 2016, away from the goal of 70% in 2020.

Although China's agricultural machinery industry is facing many challenges, the industry is still promising in the long run. The state has introduced Thirteenth Five-Year Plan for National Agricultural Mechanization Development, Action Program for Agricultural Machinery and Equipment Development (2016-2025) and other policies to promote the full agricultural mechanization. Data show that China's comprehensive agricultural mechanization level hit more than 65% in 2016, away from the goal of 70% in 2020.

On the other hand, the technologies of mechanized planting, corn mechanized harvesting and other weak links are promoted more radically while the traditional agricultural machinery market declines; the market share of power shift tractors, vertical axis harvesting machinery and supporting large complex agricultural machinery keeps rising. Therefore, high-end and intelligent products will become new growth engines in the market in the future with the further adjustment of the agricultural machinery demand structure.

In the face of the sluggish agricultural machinery market and the drop of the downstream demand, Chinese agricultural machinery enterprises compete with each other more intensely day by day. Some enterprises even witness the broken capital chain and cannot survive. However, some other enterprises have achieved steady growth by launching new products (such as Zoomlion, Sinoagri BOYO), opening up overseas markets (Foton Lovol, China YTO), expanding the industrial chain (Jiangsu World), mergers and acquisitions (LuoYang Zhongshou Machinery Equipment, Lion Agricultural Equipment) and other ways.

The report focuses on the followings:

Companies Mentioned

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