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Agricultural Equipment in ChinaPublished by: Freedonia Group Inc Published: Jun. 1, 2009 - 188 Pages Table of Contents
AbstractDemand in China to grow 6.8% yearly through 2012Demand for agricultural equipment in China is projected to increase 6.8 percent annually to 118.0 billion yuan in 2012, outpacing growth in most other parts of the world. Gains will be supported by healthy expansion of agricultural activity as agricultural mechanization efforts continue and income levels rise in rural areas. Increased government subsidies for agricultural equipment purchases and technological improvements in part due to sustained foreign direct investment will also contribute to product gains. In addition, a rise in demand for highervalue large tractors, transplanters and computerized harvesting machinery will boost overall market value. However, advances will be constrained to some degree by short-term declines in agricultural product prices and improvements in the quality of domestically made equipment (reducing replacement demand). In addition, the reduced profitability of grain farming and the constant small size of household farms will prevent agricultural equipment demand from growing at a faster pace through 2012. Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery. Get Full Details About This Report >> |
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