Industry Analysis & Industry Trends
In 2011, the Mechanical Farming and Equipment Machinery industry in China maintained relatively rapid growth of about 11.2% to $10.0 billion (constant 2011 dollars). Sales revenue of the industry increased at an annualized rate of 23.3% from 2006 to 2011. This rapid growth was stimulated by increasing export volumes, strong domestic demand and consistent government subsidies.
In 2011, as the world continues to recover gradually from the financial crisis, export revenue is expected to increase to an estimated $2.22 billion, up 12.5% from 2010. Export value was a strong stimulating factor for the robust increase in industry revenue in 2007 and 2008.... purchase to read more
Industry Report - Industry Products Chapter
The largest product segment in this industry is agricultural operational machinery, including various types of planting and transplanting machinery and seeding machines. This segment accounted for around 47.6% of industry revenue in 2011. The share of this segment in total has slightly decreased over the past few years as new and specialized agricultural machinery products were developed.
Harvester machinery products accounted for 12% of total industry revenue in 2011. This includes corn harvesters, rice harvesters, grain harvesters, forage machinery, shearing equipment, cotton pickers and other machinery... purchase to read more