DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ttcrbl/agricultural) has announced the addition of the "Agricultural Machinery Market in China 2014-2018" report to their offering.
The analysts forecast the Agricultural Machinery market in China to grow at a CAGR of 10.38 percent over the period 2013-2018.
One of the major trends in the Agricultural Machinery market in China is the emergence of new technologies. New and improved mechanization helps provide uniformity in conducting various agricultural processes, and also increases the speed and accuracy of mechanization making it an attractive preference over the manual method. For instance, enhanced mechanization provides a swift way of sowing, seeding, and spraying of fertilizers for healthy crop growth. Moreover, modern tractors are equipped with features such as modern sensors and GPS that aid the farmers in increasing the productivity. These are some of the major trends in farm machineries which are expected to affect the market positively and boost the demand for agricultural machineries.
According to the report, one of the major drivers in the Agriculture Machinery market in China is the increasing need for food productivity, and with the growing population the demand for food is also rising. However, the arable area has not grown with the increasing demand for food.
Further, the report states that the volatility in the price of raw materials poses a serious threat to the vendors and acts as a major challenge to the Agricultural Machinery market in China. Over the past few years, major raw materials used in the manufacture of agricultural machinery such as steel, rubber, and iron have undergone an increase in price.
Key vendors dominating this space are:
- Deere and Company
- Foton Lovol International Heavy Industry Co. Ltd.
-
YTO Group Corp.
Other vendors mentioned in the report are:
- Claas KGaA mbH
- Escorts Group
- Iseki & Co. Ltd.
- Kubota Tractor Corp.
- Kuhn Group
- Kverneland Group
- Mahindra & Mahindra Ltd.
- Same Deutz-Fahr Deutschland Gmbh
- Tractors and Farm Equipment Ltd.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Product
08. Geographic Segmentation
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/ttcrbl/agricultural
