China Wheeled Tractor Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The China wheeled tractor machinery market, estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2021, at a CAGR of 7.1% over the forecast period. China is one of the fastest developing agricultural countries with cultivated farmland limited at 0.08 ha per capita but a population of more than 1.4 billion. China is one of the largest agricultural plant and machinery markets. Tractors provide the power and traction to automate agricultural jobs, especially tillage. The agricultural usage of tractors is the largest segment in the agricultural machinery sector. Improvement in efficiency is one of the reasons why tractors are popularly employed by farmers. Agriculture has been one of the major industries in the country, with various incentives in the form of subsidies to farmers for purchasing farm machines as well as for grain production.

Market Dynamics

A number of Chinese manufacturers are involved with foreign farm machinery companies to produce advanced farm machines in the country. They are also involved in the improvement of the technical performance, along with improved quality and reliability. In addition, foreign-funded agricultural machinery ventures are an integral part of the country’s wheeled tractor machinery industry. The major driver of the market is the growing demand for agricultural products, which fuels the need to amplify yield and productivity. In addition, energy-efficient machinery, along with optimized components and systems, drives the growth of China’s agricultural machinery market. Significant opportunities lie in providing advanced technological equipment in light of the competitive environment in the country.

Market Segmentation

On the basis of the wheel tractor type, the market is segmented into:

  • Utility tractors
  • Row crop tractors
  • Orchard type tractor
  • Industrial tractor
  • Garden tractor
  • Rotary tillers
  • Implement carrier
  • Earth moving tractor

Key Industry Players

The major companies in China’s wheeled tractor machinery market are:

  • AGCO Tractor
  • BCS Agri
  • Case IH
  • Caterpillar Inc.
  • CLAAS Tractor
  • CNH Global NV
  • Deere and Company
  • Escorts
  • Farmtrac Tractor Europe
  • Fendt
  • Kioti Tractor
  • Kubota Tractor Corp
  • Mahindra & Mahindra Ltd.
  • Massey Ferguson Tractor
  • McCormick Tractors
  • SAME Deutz-Fahr
  • Shandong Wuzheng Group Co. Ltd.
  • Valtra

Key Deliverables in the Study

  • Market analysis of the China wheeled tractor machinery market, with region specific assessments and competition analysis on national and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a national and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the China wheeled tractor machinery market on both national and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries in which this industry is growing and identifying the regions still untapped.

1. Introduction

1.1 Study Deliverables

1.2 Key Findings of the Study

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Study Phase

2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Technology Trends

4.1 Current Market Scenario

4.2 Technology Trends

5. Market Dynamics

5.1 Drivers

5.2 Restraints

5.3 Opportunities

5.4 Value & Supply Chain Analysis

5.5 Porter's Five Forces Framework

5.5.1 Bargaining Power of Suppliers

5.5.2 Bargaining Power of Consumers

5.5.3 Threat of New Entrants

5.5.4 Threat of Substitute Products and Services

5.5.5 Competitive Rivalry within the Industry

6. China Wheeled Tractor Machinery Market, Segmentation by Type                   

6.1 Wheeled Tractor

6.1.1 Utility Tractors

6.1.2 Row Crop Tractors

6.1.3 Orchard Type Tractor

6.1.4 Industrial Tractor

6.1.5 Garden Tractor

6.1.6 Rotary Tillers

6.1.7 Implement Carrier

6.1.8 Earth Moving Tractor

7. Competitive Landscape

7.1 Introduction

7.2 Market Share Analysis

7.3 Latest Products & Developments of Key Players

8. Company Profiles

8.1 Deere and Company

8.2 CNH Global NV

8.3 Mahindra & Mahindra Ltd.

8.4 AGCO Tractor

8.5 Farmtrac Tractor Europe

8.6 Kubota Tractor Corp

8.7 McCormick Tractors

8.8 Case IH

8.9 Deutz-Fahr

8.10 Claas Tractor

8.11 Kioti Tractor

8.12 BCS Agri

8.13 Massey Ferguson Tractor

8.14 Caterpillar Inc.

8.15 SAME Deutz-Fahr

8.16 Fendt

8.17 Escorts

8.18 Valtra

8.19 Shandong Wuzheng Group Co. Ltd.

9. Future Outlook of the Market

10. Disclaimer

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