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(IT-NEWSWIRE.COM, April 16, 2021 ) China is amongst the largest manufacturers of farming equipment and the largest market for agricultural equipment globally. Most of the farming equipment industries are mainly concentrated in Shandong, Henan, Jiangsu, Liaoning, and Zhejiang provinces. To maintain sound crop production and progressive development of the agriculture sector, the adoption of agriculture farm equipment has increased in China. It contributes to the China Agriculture Equipment Market's proper growth. As per research findings, China Agriculture Equipment Market was valued at US$ 27.8 Billion in 2020.
China Agriculture Equipment Market is anticipated to register significant growth projections during the forecast period backed by increasing government investments in developing the agriculture sector in China coupled with decent rebates and incentives initiated by the Chinese government for easy procurement of farm equipment. As per this report, the Agriculture Equipment Market Size in China will grow with a CAGR of 7.75% from 2020-2026.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=china-agricultural-equipment-market-sales-volume-forecast-and-opportunity-470-p.php
Although the agricultural equipment industry in China is based on evolving technology, the lack of human capital and the necessary infrastructure to develop sophisticated farming machines that can compete with foreign products are some of the major factors restraining its growth. Due to this, China relies heavily on imports for high-tech farming equipment. According to Renub Research new report, China Agriculture Equipment Market Opportunity will be US$ 43.5 Billion by 2026.
The demand for the large and medium tractor in China is quite huge, and its sales are increasing rapidly. Small tractors is the most extensive selling agriculture equipment as it's more affordable and used by an average farmer across China. Furthermore, the small tractor's demand is increasing because of the improving per capita income of the farmer in the country. The harvesting machine in the report has been categorized into a single harvesting machine that performs a single task and a combine/multipurpose harvesting machine that can perform harvesting of multiple crops. Further, the combine harvester has been categorized into three parts; rice combine harvester, wheat combine harvester and other combine harvesters.
In China, the companies dealing in Agricultural Equipment are competing based on equipment quality and promotion. New product launches, partnerships, and acquisitions are the major strategies adopted by the country's leading companies. Major Chinese Agricultural Equipment companies include John Deere, AGCO, CLAAS KGaA, First Tractor Company Limited and Kubota Corporation.
Renub Research report titled China Agriculture Equipment Market & Volume Forecast by Segments (Tractor Large & Small, Motorized Threshing, Towing Farm Machinery, Trans-Planter, Harvesting Single & Multi/Combine: Rice, Wheat, Others), Companies (AGCO, John Deere, CLAAS KGaA, Kubota Corporation, First Tractor Company Limited) provides a complete analysis of China agriculture equipment industry.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/china-agricultural-equipment-market-sales-volume-forecast-and-opportunity-470-p.php
China Agriculture Equipment Market & Volume by Segment have been covered from 6 viewpoints:
1) Large & Medium Tractor Sales
2) Small Tractor Sales
3) Large & Medium Towing Farm Machinery Sales
4) Motorized Threshing Machinery Sales
5) Trans-Planter Machinery Sales
6) Harvesting Machinery Sales
China Harvesting Machinery sales Market & Volume by Type have been covered from 2 viewpoints:
1) Single Harvesting Machinery Sales
2) Multi/Combine Harvesting Machinery Sales
China Combine Harvesting Machinery Market & Volume by Type have been covered from 3 viewpoints:
1) Rice Combine Harvesting Machinery Sales
2) Wheat Combine Harvesting Machinery Sales
3) Other Combine Harvesting Machinery Sales
All companies have been covered from 3 viewpoints:
Overviews
Recent Developments
Revenues
Company Analysis:
1) John Deere
2) AGCO
3) CLAAS KGaA
4) First Tractor Company Limited
5) Kubota Corporation
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today's ultra-competitive markets.
Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +911204219822 (IND)
Email: info@renub.com
Web: https://www.renub.com
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Renub Research
Rajat Gupta
Market Research, Bus
rajat.gupta@renub.com
Source: EmailWire.Com 
Source: EmailWire.com
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