Agricultural Machinery in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the China agricultural machinery market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
For the purposes of this profile, the agricultural machinery market consists of sales of new tractors, above and below 50 HP, and new combine harvesters, valued at MSP. All currency conversions were calculated at constant average annual 2014 exchange rates.
The Chinese agricultural machinery market had total revenues of $9,701.6m in 2014, representing a compound annual growth rate (CAGR) of 16.9% between 2010 and 2014.
Market consumption volume increased with a CAGR of 9.7% between 2010-2014, to reach a total of 770.8 thousand units in 2014.
As China's the economy grew and people moved from rural areas to cities to work in sectors such as manufacturing, mechanization of agriculture began in earnest. This has been driving demand for agricultural machinery.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agricultural machinery market in China Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agricultural machinery market in China Leading company profiles reveal details of key agricultural machinery market players’ global operations and financial performance Add weight to presentations and pitches by understanding the future growth prospects of the China agricultural machinery market with five year forecasts by both value and volume Macroeconomic indicators provide insight into general trends within the China economy
Key Questions Answered
What was the size of the China agricultural machinery market by value in 2014? What will be the size of the China agricultural machinery market in 2019? What factors are affecting the strength of competition in the China agricultural machinery market? How has the market performed over the last five years? What are the main segments that make up China's agricultural machinery market?