Market Share of China Agricultural Machinery Industry
In the Chinese agricultural machinery market, companies are not only competing based on equipment quality and promotion but are also focused on strategic moves in order to gain higher market shares. New product launches, partnerships, and acquisitions are the major strategies being adopted by leading companies in the market studied. The Chinese agricultural machinery market is fragmented in nature. The top five domestic manufacturers account for less than 25% of the market. Major Chinese agricultural equipment companies include First Tractor, the YTO Group, and Changzhou Dongfeng Agricultural Equipment.
China Agricultural Machinery Market Leaders
YTO Group Corporation
Lovol Heavy Industry Co. Ltd
AGCO Corporation
Weichai Power Co. Ltd
CNH Industrial NV
*Disclaimer: Major Players sorted in no particular order
