China Agriculture Equipment Market Size - By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

China Agriculture Equipment Market Size - By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

China Agriculture Equipment Market Overview

According to SPER Market Research, the China Agriculture Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of 6.5%. In order to enhance productivity and efficiency, the sizeable country's agricultural production requires a sizable amount of machinery. Increasing demand from farmers and agricultural cooperatives has led to a rapid expansion of the China agriculture equipment market in recent years. Many reasons, including rising labour costs, the demand for greater productivity, and the modernization of agricultural techniques, are fueling the expansion of the China Agricultural Equipment Market.

Impact of COVID-19 on the China Agriculture Equipment Market

The Chinese market for agricultural equipment was significantly affected by the COVID-19 outbreak. The initial viral outbreak in China caused delays in the production, distribution, and supply chains for agricultural machinery and equipment. Quarantine regulations required the temporary closure of a large number of industries and manufacturing facilities, which led to delays and lower production. Also, the pandemic had a negative effect on the market for agricultural machinery and equipment because many farmers were unable to acquire finance and because the cost of raw materials for production rose.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered
By Tractors, By Equipment, By Sprayers, By Harvesting Machinery, By Haying & Forage Machinery.
Regions covered East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China.
Companies Covered AGCO Corporation, CNH Industrial NV, Lovol Heavy Industry Co. Ltd, Weichai Power Co. Ltd, YTO Group Corporation.

China Agriculture Equipment Market Segmentation:

By Equipment: Based on the Equipment, China Agriculture Equipment Market is segmented as; Plows, Harrows, Rotovators & Cultivators, Seed & Fertilizer Drills, Fertilizer Spreaders, Other Equipment.

By Haying & Forage Machinery: Based on the Haying & Forage Machinery, China Agriculture Equipment Market is segmented as; Mowers & Conditioners, Balers, Other Haying & Forage Machinery.

By Region: This report also provides the data for key regional segments of East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China.