Agricultural Equipment in China

NEW YORK, March 28, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Agricultural Equipment in China

http://www.reportlinker.com/p0701094/Agricultural-Equipment-in-China.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Machine_Tool_and_Equipment

Demand to register double digit growth through 2015

Demand for agricultural equipment in China reached Yen 135 billion in 2010, accounting for 18 percent of the world market. Demand is projected to grow 10.8 percent annually to Yen 225 billion in 2015. Growth will be supported by favorable government policies, improved access to equipment through agricultural machinery co-operatives, and healthy expansion of agricultural activity.

Planting, fertilizing equipment to see fastest gains

Tractors are the most significant type of agricultural equipment in China, accounting for 30 percent of total demand in 2010. Large, high powered tractors have greatly benefited from the Chinese government's subsidy policies and will continue to see strong growth over the forecast period. However, small tractors, because they are more affordable and practical for the average farming household, will continue to account for a greater share of demand. The high price of harvesting machinery units has largely been responsible for it having the lowest penetration rate of all agricultural equipment, though the segment will register above average growth through 2015, driven by increases in farmers' incomes. Planting and fertilizing equipment will see the fastest gains as Chinese farmers continue to adopt a wider range of farming equipment. Shipments of agricultural equipment are projected to rise 12.2 percent annually to Yen 258 billion in 2015. China's trade surplus will expand to Yen33 billion, primarily due to improvements in the quality and technology of domestic products, as well as low tariffs on exports.

Northeast region to exhibit most rapid demand growth

While all six regions in China will see strong demand growth through 2015, the terrain, climate, and economic condition of each region will play a significant role in relative growth. The core agricultural regions of the Central-North, Central- East and Central South, which together accounted for 74 percent of agricultural equipment demand in 2010, will continue to benefit from higher income levels and better developed infrastructure. Although it is one of the smaller regional markets for agricultural equipment, the Northeast will continue to see the fastest growth in demand through 2015. Part of the reason is that the Northeast -- while representing just over eight percent of China's total land area -- has nearly 20 percent of sown land. More importantly, the Northeast has one-third of national plain areas. Because many areas of the Northeast are flat, farms have sizable expanses of level land, making the application of large agricultural equipment practical.

Study coverage

Details on these and other findings are contained in Agricultural Equipment in China, an upcoming 205-page industry study, which presents historical demand data (2000, 2005, 2010) plus forecasts for 2015 and 2020 by product and region of China. The study also assesses market environment factors, evaluates company market share and profiles 34 industry competitors.

TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Economic Overview 5

Recent Economic Performance 6

Economic Outlook 8

Demographic Overview 11

Population 11

Rural Population 14

Currency Exchange Rates 16

Industrialization & Manufacturing Trends 18

Arable Land Outlook 21

Agricultural Land Usage 25

Labor Force Productivity in Agriculture 26

Agriculture Sector Outlook 29

Agricultural Output 31

Agricultural Value Added 33

The Twelfth Five Year Plan 35

III. OVERVIEW 38

Supply & Demand 38

Pricing Trends 40

Policies, Regulations & Standards 42

Agricultural Machinery Co-Operatives 47

Product Development & Technology 48

International Environment 50

World Outlook 51

Foreign Trade 52

IV. PRODUCTS 55

General 55

Farm Tractors 58

Small Farm Tractors 61

Large Farm Tractors 64

Harvesting Machinery 66

Combine Harvesters 69

Other Harvesting Machinery 71

Plowing & Cultivating Machinery 73

Plowing Machinery 75

Cultivating Machinery 77

Planting & Fertilizing Machinery 79

Planting Machinery 81

Fertilizing Machinery 83

Other Agricultural Equipment 85

Seed Processing Machines 86

Irrigation Equipment 88

Haying Machinery 89

Sprayers 91

All Other 92

Parts & Attachments 93

V. REGIONAL TRENDS 95

General 95

Regional Demographic & Economic Trends 97

Population Patterns 98

Economic Outlook 99

Regional Manufacturing Value Added Outlook 100

Regional Agricultural Outlook 102

Regional Sown Land 104

Regional Agricultural Equipment Demand 106

Central-North 108

Overview 108

Agricultural Equipment Demand 110

Northeast 112

Overview 112

Agricultural Equipment Demand 115

Central-East 116

Overview 116

Agricultural Equipment Demand 118

Central-South 120

Overview 120

Agricultural Equipment Demand 122

Southwest 124

Overview 124

Agricultural Equipment Demand 126

Northwest 128

Overview 128

Agricultural Equipment Demand 130

VI. INDUSTRY STRUCTURE 133

General 133

Industry Composition 134

Market Share 137

Product Development & Manufacturing 140

Marketing & Distribution 141

Financial Issues & Requirements 142

Mergers & Acquisitions 144

Cooperative Agreements 145

Foreign Participation in the Chinese Market 146

Legal & Regulatory Issues 147

Joint Ventures 149

Wholly Owned Foreign Enterprises 151

Representative Offices 152

Company Profiles 153

Anhui Changjiang Agricultural Machinery

Company Limited 154

Changfa Group 155

Changzhou Dongfeng Agricultural Machinery

Group Company Limited 157

China National Machinery Industry Corporation 158

Chinese Academy of Agricultural Mechanization Sciences 161

Chishan Group Company Limited 163

Chongqing Hesheng Industry Company Limited 164

Deere & Company 166

Fiat Industrial SpA 168

Foton Lovol International Heavy Industries

Company Limited 170

Guangxi Qinzhou Lishun Machinery Company Limited 172

Jiangsu Jianghuai Engine Company Limited 173

Jiangsu Lianyungang Huaxuan Machinery

Company Limited 174

Jiangsu World Agricultural Machinery, see WORLD

Group

John Deere Jiamusi Agricultural Machinery, see Deere &

Company

John Deere Tiantuo, see Deere & Company

Kubota Corporation 176

Liuzhou Wuling Motors Company Limited 177

Luoyang Sida Agricultural Machinery Company Limited 179

Luoyang Zhongshou Machinery & Equipment, see China

National Machinery Industry

Mahindra Yueda Yancheng Tractor Company Limited 180

Modern Agricultural Equipment, see Chinese Academy of

Agricultural Mechanization Sciences

Nanning Wuling-Guihua Vehicle, see Liuzhou Wuling

Motors

Nantong FLW Agricultural Equipment Company Limited 182

Nonghaha Group 183

Rongcheng Haishan Machinery Manufacturing,

see Chishan Group

Shandong Changlin Machinery Group Company Limited 184

Shandong Dafeng Machinery Company Limited 186

Shandong Huaxing Group Company Limited 187

Shandong Jinyi Machinery Manufacture Company Limited 188

Shandong Juming Group 189

Shandong Shifeng Group Company Limited 190

Shandong Wuzheng Group Company Limited 192

Shijiazhuang Agricultural Machinery Company Limited 194

Tong Yang Moolsan Company Limited 195

WORLD Group 197

Xi'an Yaao Agricultural Machinery Company Limited 199

Yanmar Company Limited 200

YTO Group, see China National Machinery Industry

Zhejiang Sanlian Combine Manufacturing

Company Limited 202

Zhejiang Sifang Group Corporation 203

Zhengzhou Sanzhong Harvesting Industrial

Company Limited 205

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Gross Domestic Product of China 11

2 Population of China 13

3 Rural Population in China by Region 15

4 Chinese Currency Exchange Rates, 2000-2010 17

5 Manufacturing Value Added in China 21

6 Arable Land Trends in China, 2000-2010 24

7 Agricultural Land Usage by Crop 26

8 Labor Force Productivity in Agriculture in China 29

9 Selected Agricultural Product Output in China 33

10 Agricultural Value Added in China 35

SECTION III -- OVERVIEW

1 Agricultural Equipment Supply & Demand in China 40

2 Selected Agricultural Equipment Pricing in China 42

3 World Agricultural Equipment Demand by Region 52

4 Chinese Foreign Trade in Agricultural Equipment 54

SECTION IV -- PRODUCTS

1 Agricultural Equipment Demand in China by Type 57

2 Farm Tractor Demand in China 61

3 Small Farm Tractor Supply & Demand in China 64

4 Large Farm Tractor Supply & Demand in China 66

5 Harvesting Machinery Demand in China 68

6 Combine Harvester Supply & Demand in China 71

7 Other Harvesting Machinery Supply & Demand in China 73

8 Plowing & Cultivating Machinery Demand in China 75

9 Plowing Machinery Supply & Demand in China 77

10 Cultivating Machinery Supply & Demand in China 79

11 Planting & Fertilizing Machinery Demand in China 81

12 Planting Machinery Supply & Demand in China 83

13 Fertilizing Machinery Supply & Demand in China 84

14 Other Agricultural Equipment Demand in China 86

15 Seed Processing Machinery Supply & Demand in China 87

16 Irrigation Equipment Supply & Demand in China 89

17 Haying Machine Supply & Demand in China 90

18 Sprayer Supply & Demand in China 91

19 All Other Agricultural Machinery Supply & Demand in China 92

20 Agricultural Equipment Parts & Attachments Supply

& Demand in China 94

SECTION V -- REGIONAL TRENDS

1 Population of China by Region 99

2 Gross Domestic Product of China by Region 100

3 Manufacturing Value Added in China by Region 102

4 Agricultural Value Added in China by Region 104

5 Gross Sown Area in China by Region 105

6 Agricultural Equipment Demand in China by Region 107

7 Central-North Region of China: Agricultural Equipment

Demand 112

8 Northeast Region of China: Agricultural Equipment Demand 116

9 Central-East Region of China: Agricultural Equipment

Demand 120

10 Central-South Region of China: Agricultural Equipment

Demand 124

11 Southwest Region of China: Agricultural Equipment Demand 128

12 Northwest Region of China: Agricultural Equipment Demand 132

SECTION VI -- INDUSTRY STRUCTURE

1 Revenue Data: Selected Agricultural Equipment

Companies, 2010 136

2 Selected Cooperative Agreements 146

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Population of China by Age, 2000-2020 14

2 Chinese Currency Exchange Rates, 2000-2010 18

SECTION IV -- PRODUCTS

1 Agricultural Equipment Demand in China by Type, 2010 58

SECTION V -- REGIONAL TRENDS

1 Agricultural Equipment Demand in China by Region, 2010 108

2 Central-North Region of China 110

3 Northeast Region of China 114

4 Central-East Region of China 118

5 Central-South Region of China 122

6 Southwest Region of China 126

7 Northwest Region of China 130

SECTION VI -- INDUSTRY STRUCTURE

1 Agricultural Equipment Market Share in China

by Company, 2010 137

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