- The market for agricultural equipment is expected to cross USD 100 Billion by 2018
- Future Growth of agricultural equipment market will be led by large sized tractors and combine harvesters
- Agricultural equipment companies in China are increasingly forging joint ventures in the industry
Ken Research announced its latest publication on “China Agricultural Equipment Industry Outlook to 2018” which provides a comprehensive analysis of major countries and different agricultural equipment being used in the region. The report covers various aspects such as market size of China agricultural equipment market, segmentation on the basis of major equipments and future outlook of the market. The report is useful for agricultural equipment manufacturers and dealers, as well as new players venturing in the market.
Agricultural equipments have played a key role in the development of China’s agricultural sector, which consequently led to industrialization, social stability and prosperity. Realizing the importance of farm machinery, the country is engaged in strengthening its domestic production of the same. Manufacturing activities related to farm machinery in China have intensified rapidly in the past decade especially since the government is highly liberal towards the entry of foreign companies to set up joint ventures in the country, following a policy that ‘exchanges the market for technology’.
According to the research report, the Asian agricultural equipment market will grow at an impressive CAGR, thereby exceeding USD 100 billion by 2018, largely due to the need to ensure food security for its growing population.
“Since employing agricultural machinery is a viable technique for timely production of crops, China is increasingly producing and consuming agricultural machinery for maintaining a continuous supply of food for its population”,according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
– Market Size by Production, Revenue
– Market Segmentation by
o Combine Harvesters
o Rice Transplanters
o Cotton Processing Machinery
– Trends and Development
– Export and Import
– Competition and Market Share
– Growth Drivers
– Future Outlook
– Macro Economic Parameters
Key Products Mentioned in the Report
Cotton Processing Machinery
Companies Covered in the Report
The US Farm Equipment Industry Outlook to 2017 – Smart Technology Solutions Driving the Demand
India Agricultural Equipment Market Outlook to 2017 – High Labor Scarcity and Government Subsidies Driving Agricultural Mechanization
India Seed Industry Outlook to FY’2018 – Rapid Hybridization in Vegetables, Corn and Rice to Impel Growth