NEW YORK, May 29, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Agricultural Equipment in Chinahttp://www.reportlinker.com/p0701094/Agricultural-Equipment-in-China.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Machine_Tool_and_Equipment
Demand to register doubledigit growth through 2015
Demand for agricultural equipment in China reached ¥135 billion in 2010, accounting for 18 percent of the world market. Demand is projected to grow 10.8 percent annually to ¥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 ¥258 billion in 2015. China's trade surplus will expand to ¥33 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 4General 4Economic Overview 5Recent Economic Performance 6Economic Outlook 8Demographic Overview 11Population 11Rural Population 14Currency Exchange Rates 16Industrialization & Manufacturing Trends 18Arable Land Outlook 21Agricultural Land Usage 25Labor Force Productivity in Agriculture 26Agriculture Sector Outlook 29Agricultural Output 31Agricultural Value Added 33The Twelfth Five Year Plan 35
III. OVERVIEW 38
Supply & Demand 38Pricing Trends 40Policies, Regulations & Standards 42Agricultural Machinery Co-Operatives 47Product Development & Technology 48International Environment 50World Outlook 51Foreign Trade 52
IV. PRODUCTS 55
General 55Farm Tractors 58Small Farm Tractors 61Large Farm Tractors 64Harvesting Machinery 66Combine Harvesters 69Other Harvesting Machinery 71Plowing & Cultivating Machinery 73Plowing Machinery 75Cultivating Machinery 77Planting & Fertilizing Machinery 79Planting Machinery 81Fertilizing Machinery 83Other Agricultural Equipment 85Seed Processing Machines 86Irrigation Equipment 88Haying Machinery 89Sprayers 91All Other 92Parts & Attachments 93
V. REGIONAL TRENDS 95
General 95Regional Demographic & Economic Trends 97Population Patterns 98Economic Outlook 99Regional Manufacturing Value Added Outlook 100Regional Agricultural Outlook 102Regional Sown Land 104Regional Agricultural Equipment Demand 106Central-North 108Overview 108Agricultural Equipment Demand 110Northeast 112Overview 112Agricultural Equipment Demand 115Central-East 116Overview 116Agricultural Equipment Demand 118Central-South 120Overview 120Agricultural Equipment Demand 122Southwest 124Overview 124Agricultural Equipment Demand 126Northwest 128Overview 128Agricultural Equipment Demand 130
VI. INDUSTRY STRUCTURE 133
General 133Industry Composition 134Market Share 137Product Development & Manufacturing 140Marketing & Distribution 141Financial Issues & Requirements 142Mergers & Acquisitions 144Cooperative Agreements 145Foreign Participation in the Chinese Market 146Legal & Regulatory Issues 147Joint Ventures 149Wholly Owned Foreign Enterprises 151Representative Offices 152Company Profiles 153Anhui Changjiang Agricultural MachineryCompany Limited 154Changfa Group 155Changzhou Dongfeng Agricultural MachineryGroup Company Limited 157China National Machinery Industry Corporation 158Chinese Academy of Agricultural Mechanization Sciences 161Chishan Group Company Limited 163Chongqing Hesheng Industry Company Limited 164Deere & Company 166Fiat Industrial SpA 168Foton Lovol International Heavy IndustriesCompany Limited 170Guangxi Qinzhou Lishun Machinery Company Limited 172Jiangsu Jianghuai Engine Company Limited 173Jiangsu Lianyungang Huaxuan MachineryCompany Limited 174Jiangsu World Agricultural Machinery, see WORLDGroupJohn Deere Jiamusi Agricultural Machinery, see Deere &CompanyJohn Deere Tiantuo, see Deere & CompanyKubota Corporation 176Liuzhou Wuling Motors Company Limited 177Luoyang Sida Agricultural Machinery Company Limited 179Luoyang Zhongshou Machinery & Equipment, see ChinaNational Machinery IndustryMahindra Yueda Yancheng Tractor Company Limited 180Modern Agricultural Equipment, see Chinese Academy ofAgricultural Mechanization SciencesNanning Wuling-Guihua Vehicle, see Liuzhou WulingMotorsNantong FLW Agricultural Equipment Company Limited 182Nonghaha Group 183Rongcheng Haishan Machinery Manufacturing,see Chishan GroupShandong Changlin Machinery Group Company Limited 184Shandong Dafeng Machinery Company Limited 186Shandong Huaxing Group Company Limited 187Shandong Jinyi Machinery Manufacture Company Limited 188Shandong Juming Group 189Shandong Shifeng Group Company Limited 190Shandong Wuzheng Group Company Limited 192Shijiazhuang Agricultural Machinery Company Limited 194Tong Yang Moolsan Company Limited 195WORLD Group 197Xi'an Yaao Agricultural Machinery Company Limited 199Yanmar Company Limited 200YTO Group, see China National Machinery IndustryZhejiang Sanlian Combine ManufacturingCompany Limited 202Zhejiang Sifang Group Corporation 203Zhengzhou Sanzhong Harvesting IndustrialCompany Limited 205
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT China2 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 China2 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 China2 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 China2 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 STRUCTURECompanies, 2010 136
2 Selected Cooperative Agreements 146
LIST OF CHARTS SECTION II -- MARKET ENVIRONMENT China2 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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Industry Analysis and InsightsNicolas Bombourg
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