China Wheeled Tractor Machinery Market (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 71 | Published By - Mordor Intelligence

Report Highlights

China’s wheeled tractor machinery market is currently worth USD X.X billion and is expected to grow at a CAGR of 7.1% from 2016 to 2021. China is one of the fastest developing agricultural countries with cultivated farmland limited at 0.08 ha per capita but a population of more than 1.4 billion. China is one of the largest agricultural plant and machinery markets. Tractors provide the power and traction to automate agricultural jobs, especially tillage. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. Agriculture has been one of the major industries in the country, with various incentives in the form of subsidies to farmers for purchasing farm machines as well as for grain production.

Market Dynamics

China has been the largest market for agricultural machinery and for wheeled tractors. A number of Chinese manufacturers are also involved with foreign farm machinery companies to produce advanced farm machines in the country. They are also involved in the improvement of the technical performance, along with improved quality and reliability. In addition, foreign-funded agricultural machinery ventures are an integral part of the country’s wheeled tractor machinery industry. The major driver of the market is the growing demand for agricultural products, which fuels the need to increase yield and productivity. In addition, energy-efficient machinery, along with optimized components and systems, drives the growth of China’s agricultural machinery market. Significant opportunities lie in providing advanced technological equipment in light of the competitive environment in the country where developments are happening at a high rate.

Market Segmentation

The market has been segmented based on the wheel tractor type and by geography.

On the basis of the wheel tractor type, the market is segmented into:

Utility tractors

Row crop tractors

Orchard type tractor

Industrial tractor

Garden tractor

Rotary tillers

Implement carrier

Earth moving tractor

The major companies in China’s wheeled tractor machinery market are:

AGCO tractor

BCS Agri

Case IH

Caterpillar Inc.

Claas Tractor

CNH Global NV

Deere and Company

Escorts

Farmtrac Tractor Europe

Fendt

Kioti Tractor

Kubota Tractor Corp

Mahindra & Mahindra Ltd.

Massey Ferguson Tractor

McCormick Tractors

SAME Deutz-Fahr

Shandong Wuzheng Group Co., Ltd.

Valtra

 

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