Global and China Agricultural Machinery Industry Report, 2020-2026

Global and China Agricultural Machinery Industry Report, 2020-2026

Affected by insufficient demand for traditional products, adjustment of purchase subsidy policies, and lower prices of grain crops, China’s agricultural machinery sales remain a downward trend.

In 2019, the total revenue of agricultural machinery enterprises (each with annual revenue over RMB20 million) nationwide was RMB 246.467 billion, a decrease of 4.43% over the previous year, and the industry’s profits were RMB 10.339 billion, down 0.25% from a year ago. In 2019, China produced 40,000 large tractors on a par with that in 2018; 238,000 medium-sized tractors were produced with a year-on-year increase of 17.2%; the output of small tractors jumped 3.7% year-on-year to 340,000 units; the harvester output was estimated at 255,000 units, a fall of 11.2% on an annualized basis.

China is superior in exporting agricultural machinery amid less dependence on imported products on account of ever better technologies about China-made agricultural machinery. In 2019, China imported 10,945 agricultural machines and fell 9.1% from the previous year. At the same time, China’s agricultural machinery exports in 2019 plummeted by 17.2% year-on-year due to the depressed industry, the upgrading of National Emission Standards IV, and the Sino-US trade war.

By the end of 2018, the total power of China’s agricultural machinery had reached 1.0037 billion kW, up 1.6% on a like-for-like basis. The comprehensive mechanization rate of crops for the whole year edged up 1.87 points YoY to 69.1%; wherein, the overall mechanization rate of wheat fetched the highest 95.89%, and the comprehensive mechanization rate of rice, corn and soybean was above 80% apiece. Under favorable policies, the comprehensive mechanization rate of crops in China is rising year by year, expectedly reaching 77% by 2026.

At present, China’s plant protection UAV penetration rate is far below the world average. It is clearly put forward in the State Council’s Guidelines on Accelerating the Transformation and Upgrade of Agricultural Mechanization and Agricultural Machinery & Equipment Industry issued in 2018 to ‘actively develop agricultural aviation, regulate and popularize plant protection UAVs’. So far, Hubei, Jiangxi, Shandong, Hunan, Anhui, Guangdong and other provinces and cities have rolled out subsidies for plant protection UAVs each of which is granted more than RMB 10,000.

Opportunities come with challenges in the agricultural machinery of China. The growing number of collective users such as cooperatives, farms, and agricultural reclamations year by year and the policies for subsoiling, deep plowing, land circulation and agricultural machinery purchase subsidies are conducive to the burgeoning demand for large, high-end and intelligent machines like high-power tractors. With stricter environmental requirements, off-road machinery emission standards will be inevitable upgraded and the technical threshold for industry accession will be raised ever.

Highlights in the report:
Status quo of global agricultural machinery market, development of agricultural machinery in major countries and key enterprises, etc.;
China’s agricultural machinery market environment and policy climate (including planning, subsidies and emission standards for agricultural machinery);
China’s agricultural machinery industry (overview, main products, major enterprises, agricultural mechanization , future trends);
Chinese tractors, harvesters, rice transplanters, cotton pickers, grain dryers, plant protection UAVs (sales volume, ownership, market characteristics, key enterprises, and development trends);
Development of agricultural machinery industry in China’s 17 major agricultural machinery producing provinces (including Heilongjiang, Shandong, Henan, etc.);
8 global and 18 Chinese agricultural machinery enterprises (operation, R&D, development strategy, etc.)

1. Status Quo of Global Agricultural Machinery Industry
1.1 Market Overview
1.1.1 Production
1.1.2 Major Agricultural Machinery
1.2 Major Countries
1.2.1 USA
1.2.2 Canada
1.2.3 Germany
1.2.4 Italy
1.2.5 Japan
1.3 Major Companies
2. Development Environment for Agricultural Machinery Industry in China
2.1 Market Environment
2.2 Policy Environment
2.2.1 Major Policies
2.2.2 Agricultural Machinery Purchase Subsidies
2.2.3 Agricultural Machinery Emission Standards
3. Development of Agricultural Machinery Industry in China
3.1 Status Quo
3.1.1 Overview
3.1.2 Main Product Markets
3.1.3 Import & Export
3.1.4 Market Pattern
3.2 Agricultural Mechanization
3.2.1 Total Power and Structure of Agricultural Machinery
3.2.2 Ownership and Structure of Agricultural Machinery
3.2.3 Level of Agricultural Mechanization
3.2.4 Agricultural Mechanization Services
3.3 Development Trend
4. Main Agricultural Machinery Products in China
4.1 Tractor
4.1.1 Status Quo
4.1.2 Product Structure
4.1.3 Enterprise Pattern
4.2 Harvester
4.2.1 Supply and Demand
4.2.2 Mechanized Harvesting of Main Crops
4.2.3 Wheat Harvester
4.2.4 Corn Harvester
4.2.5 Rice Harvester
4.3 Transplanter
4.3.1 Status Quo
4.3.2 Major Products
4.3.3 Major Regions
4.3.4 Export
4.3.5 Key Players
4.4 Cotton Picker
4.5 Grain Dryer
4.6 Plant Protection UAV
4.6.1 Subsidy Policy
4.6.2 Status Quo
4.6.3 Major Players
5. Key Provinces of Agricultural Machinery in China
5.1 Shandong
5.1.1 Total Amount of Agricultural Equipment
5.1.2 Level of Agricultural Mechanization
5.1.3 Agricultural Mechanization Services
5.1.4 Major Agricultural Machinery Enterprises
5.1.5 Development Planning
5.2 Heilongjiang
5.2.1 Total Amount of Agricultural Equipment
5.2.2 Level of Agricultural Mechanization
5.2.3 Agricultural Mechanization Services
5.2.4 Agricultural Machinery Enterprises
5.2.5 Development Planning
5.3 Henan
5.3.1 Total Amount of Agricultural Equipment
5.3.2 Level of Agricultural Mechanization
5.3.3 Agricultural Mechanization Services
5.3.4 Development Planning
5.4 Hebei
5.4.1 Total Amount of Agricultural Equipment
5.4.2 Level of Agricultural Mechanization
5.4.3 Development Planning
5.5 Anhui
5.5.1 Total Amount of Agricultural Equipment
5.5.2 Level of Agricultural Mechanization
5.5.3 Agricultural Mechanization Services
5.5.4 Development Planning
5.6 Hunan
5.6.1 Total Amount of Agricultural Equipment
5.6.2 Level of Agricultural Mechanization
5.6.3 Development Planning
5.7 Jiangsu
5.7.1 Total Amount of Agricultural Equipment
5.7.2 Level of Agricultural Mechanization
5.7.3 Agricultural Machinery Enterprises
5.7.4 Development Planning
5.8 Others
5.8.1 Jiangxi
5.8.2 Hubei
5.8.3 Jilin
5.8.4 Yunnan
5.8.5 Shanxi
5.8.6 Sichuan
5.8.7 Inner Mongolia
5.8.8 Liaoning
5.8.9 Shaanxi
5.8.10 Zhejiang
6. Global Major Agricultural Machinery Companies
6.1 John Deere
6.1.1 Profile
6.1.2 Operation
6.1.3 Development in China
6.2 CNH Industrial
6.2.1 Profile
6.2.2 Operation
6.2.3 Development in China
6.3 AGCO
6.3.1 Profile
6.3.2 Operation
6.3.3 Development in China
6.4 Claas
6.4.1 Profile
6.4.2 Operation
6.4.3 Development in China
6.5 SDF
6.5.1 Profile
6.5.2 Operation
6.5.3 Development in China
6.6 Kubota
6.6.1 Profile
6.6.2 Operation
6.6.3 Development in China
6.7 Mahindra
6.7.1 Profile
6.7.2 Operation
6.7.3 Agricultural Machinery Business
6.7.4 Development in China
6.8.1 Profile
6.8.2 Operation
6.8.3 Development in China
7. Key Agricultural Machinery Companies in China
7.1 YTO Group Corporation
7.1.1 Profile
7.1.2 Operation
7.1.3 Luoyang Zhongshou Machinery Equipment Co., Ltd.
7.1.4 Development Strategy
7.2 Foton Lovol International Heavy Industry Co., Ltd.
7.2.1 Profile
7.2.2 Operation
7.2.3 R&D Capability
7.2.4 Development Strategy
7.3 Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
7.3.1 Profile
7.3.2 Operation
7.3.3 Development Strategy
7.3.4 Key Projects
7.4 Shandong Changlin Machinery Group Co., Ltd.
7.4.1 Profile
7.4.2 Development Strategy
7.5 Jiangsu Changfa Group
7.5.1 Profile
7.5.2 Operation
7.5.3 Agricultural Machinery Subsidiary -- Jiangsu Changfa Agricultural Equipment Co., Ltd.
7.6 Shandong Shifeng (Group) Co., Ltd.
7.6.1 Profile
7.6.2 Operation
7.6.3 Development Strategy
7.7 Shandong Wuzheng (Group) Co. Ltd.
7.7.1 Profile
7.7.2 Operation
7.7.3 Development Strategy
7.8 Zoomlion Heavy Machinery Co., Ltd.
7.8.1 Profile
7.8.2 Operation
7.8.3 Development Strategy
7.9 Shandong Juming Machinery Co., Ltd.
7.9.1 Profile
7.9.2 R&D Capacity
7.9.3 Development Strategy
7.10 Jiangsu World Agricultural Machinery Co., Ltd.
7.10.1 Profile
7.10.2 Operation
7.10.3 Development Strategy
7.11 CLAAS Agricultural Machinery (Shandong) Co. Ltd.
7.11.1 Profile
7.11.2 Operation
7.12 Modern Agricultural Equipment Co., Ltd.
7.12.1 Profile
7.12.2 Operation
7.12.3 Development Strategy
7.13 Xinjiang Machinery Research Institute Co., Ltd.
7.13.1 Profile
7.13.2 Operation
7.13.3 Xinjiang Xinyan Moshine Technology Co., Ltd.
7.13.4 R&D Capacity
7.14 Thinker Agricultural Machinery Co., Ltd.
7.14.1 Profile
7.14.2 Operation
7.14.3 Competitive Edge
7.14.4 Development Strategy
7.15 Hebei Sino-Agri BOYO Agricultural Machinery Co., Ltd.
7.15.1 Profile
7.15.2 Operation
7.15.3 R&D Capability
7.16 Tianjin Yongmeng Machinery Manufacturing Co., Ltd.
7.16.1 Profile
7.16.2 Operation
7.16.3 R&D
7.17 LION Agricultural Equipment Co., Ltd.
7.17.1 Profile
7.17.2 Operation
7.17.3 Development Strategy
7.18 Hebei Nonghaha Agricultural Machinery Group Co., Ltd.
7.18.1 Profile
7.18.2 Operation
7.18.3 Development Strategy
8. Summary and Forecast
8.1 Summary
8.2 Forecast

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