DUBLIN, July 20, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5g5w6k/global_and) has announced the addition of the "Global and Chinese Agricultural Machinery Industry Report, 2014-2016" report to their offering.
Since the implementation of policy of subsidies for purchasing agricultural machinery in 2004, China agricultural machinery industry has maintained double-digit growth, even with the operating revenue growth rate of 33.8% in 2011. However, China agricultural machinery industry transferred to a new situation (New Normal) in 2014 as the in-depth adjustment of industrial structure accelerated. In 2014, the operating revenue only went up by 8.8% year on year, and the growth rate fell by 7.5 percentage points from 2013.
After years of rapid growth, China's tractor, wheat& rice harvester, transplanter and other markets declined to varied extent in 2014, in which the tractor market slumped most evidently, especially small tractors.
Although China agricultural machinery industry witnesses landslide, the total subsidies and agricultural mechanization level continue to rise. In 2014, the subsidies amounted to RMB23.755 billion, setting a new record high; the total power of agricultural machinery reached 1.076 billion kilowatts, representing a year-on-year increase of 3.6%; the agricultural mechanization level hit 61.0%, fulfilling the goal of "Twelfth Five-year" Plan in advance.
At the same time, the mechanization level of three major crops (wheat, corn and rice) has improved significantly, especially corn and rice. The mechanization rate of corn harvesting jumped from 10.6% in 2008 to 55% in 2014; and that of rice harvesting soared from 51.2% to 81.0%. In contrast, the mechanization of potato, cotton, rapeseed, peanut and other crops still stays at a low level, which will be the development focus of the industry in future.
In addition, national industrial policies, market potentials and other factors have propelled almost all of well-known foreign agricultural machinery enterprises and powerful Chinese machinery and equipment manufacturers to successively access into the Chinese agricultural machinery market.
Key Topics Covered:
1. Status Quo of Agricultural Machinery Industry Worldwide
2 Policy Environment of Agricultural Machinery Industry in China
3 Development of Agricultural Machinery Industry in China
4 Key Agricultural Machinery in China
5 Key Provinces & Municipalities of Agricultural Machinery Industry in China
6 Key Agricultural Machinery Companies Worldwide
7 Key Agricultural Machinery Companies in China
8 Summary and Forecast
- AGCO - CLAAS Jinyee - CNH Industrial - Changzhou Dongfeng Agricultural Machinery Group Co., Ltd. - Claas - Competitive Edge - Foton Lovol International Heavy Industry Co., Ltd. - Jiangsu Changfa Group - John Deere - Kubota - Modern Agricultural Equipment Co., Ltd. - Same Deutz-Fahr - Shandong Changlin Machinery Group Co., Ltd. - Shandong Juming - Shandong Shifeng (Group) Co., Ltd. - Shandong Wuzheng (Group) Co. Ltd. - World Agricultural Machinery - Xingguang Agricultural Machinery - Xinjiang Machinery Research Institute Co., Ltd. - YTO Group Corporation - Zoomlion Heavy Machinery
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SOURCE Research and Markets