China Agricultural Equipment Market, Sales Volume Forecast & Opportunity


China is the most promising country for the agricultural equipment industry, with an increasing demand for larger-sized machines (40+hp), enhanced by the growing trend of farm concentration, the expansion of farms cooperatives and the increase in land rental practices.The agricultural equipment market in China has made great achievements and China’s production of agricultural equipment has grown along with agricultural development in general. It is expected that China agricultural equipment market will be more than US$ 16 Billion by the year 2020. Large & Medium Tractors is having the highest market share in 2014 and this segment is likely to lead the market by the year 2020.

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Created by renubresearch 4 years 7 weeks ago – Made popular 4 years 7 weeks ago
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