Farming Machinery Manufacturing in China Industry Research Report – Now Available from IBISWorld

Over the past five years, total revenue for the Farming Machinery Manufacturing industry in China has been growing at an annualized rate of 26.2% to an estimated $20.6 billion. This rapid growth was stimulated by increasing export volumes, strong domestic demand and government subsidies, says IBISWorld.

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IBISWorld industry market research
Government support for China’s agricultural sector will continue to boost industry demand.

San Francisco, CA (PRWEB) July 21, 2013

Over the past five years, total revenue for the Farming Machinery Manufacturing industry in China has been growing at an annualized rate of 26.2% to an estimated $20.6 billion. This rapid growth was stimulated by increasing export volumes, strong domestic demand and government subsidies, says IBISWorld. Government support for purchasing mechanical farming machinery has led to growth in domestic demand. Value-added tax reforms also facilitated the industry's technology level and production expansion.

Many manufacturers operate on a small scale and are privately owned. The majority of these companies lack substantial capital technologies and employees, so they are only able to produce a single kind of products, or a small output. The top four firms – YTO Group, Shandong Foton Heavy Industries, Kubota Agricultural Machinery (Suzhou), and John Deere Harvester (Jiamusi) Machinery – account for about 29.1% of industry revenue in 2013. With price competition and falling profit margins, IBISWorld forecasts the industry will consolidate.

Revenue for the Farming Machinery Manufacturing industry is forecast to maintain steady growth. Domestic demand for high-tech, advanced automation in machinery will grow, as well as government support for the agricultural sector, says IBISWorld.

For more information, visit the Farming Machinery Manufacturing in China industry report page.

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IBISWorld Industry Report Key Topics

Firms in the Farming Machinery Manufacturing industry in China manufacture agricultural and farm-related mechanical machinery and equipment. The main products manufactured by this industry are machinery used for soil treatment, crop farming or fertilization, plant harvesting and gardening.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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    IBISWorld
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