IBISWorld’s Farming Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

Over the past five years, total revenue for the Farming Machinery Manufacturing industry has been growing at an annualized rate of 9.3% to an estimated $24.3 billion. This rapid growth was stimulated by increasing export volumes, strong domestic demand and consistent government subsidies.

State policies have had a significant effect on this industry. Government support for purchasing mechanical farming machinery has increased, leading to growth in domestic demand. Value-added tax reforms also raised the industry's technology level and production expansion. Overall industry output is expected to increase to 2.8 million units in 2017, 11.0% growth compared with 2012.

Industry profit as a share of revenue is estimated at 5.8%...

Industry Report - Industry SWOT Analysis Chapter

Industry value-added is expected to grow 7.1% per year in ten years to 2022, faster than China's GDP growth of 6.5% per year over the same period. Recent growth in industry revenue and value added was stimulated by government subsidies and assistance to farmers.

Competition is very intense in the Farming Machinery Manufacturing industry in China. Improving product features and the introduction of new products are the main ways that companies in the industry are able to gain additional revenue streams. Many small players have exited the market after being unable to survive in the competitive environment with high industry volatility. Growth in enterprises will slow in the next five years due to volatile external demand and intensified competition.


Additional Insights for the Farming Machinery Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Farming Machinery Manufacturing Industry are

  • Access to highly skilled workforce
  • Effective quality control
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Policies/Legislation and Level of Foreign Investment in the Farming Machinery Manufacturing industry impact industry performance..

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    Industry Products

    What is the Farming Machinery Manufacturing Industry?

    Firms in the Farming Machinery Manufacturing industry in China manufacture agricultural and farm-related mechanical machinery and equipment. The main products manufactured by this industry are machinery used for soil treatment, crop farming or fertilization, plant harvesting and gardening.

    Industry Products
    Agricultural operational machinery
    Manipulating machinery
    Industry Activities
    Agricultural tiller machinery: Tractor ploughs, harrow machines, rotary cultivators and suppression devices
    Agricultural operational machinery: Seeding machines, seed sowers, planting and transplanting machinery
    Harvesting machinery: Grain, corn, cotton, potato, peanut, sugar cane, tea, seed and other harvesters
    Manipulating machinery: Threshers, winnow machines, corn stripping machines and cutting machines
    Irrigation equipment: General, drip, micro- and jet irrigation equipment; water wheels; and windmills
    Plant-protection machinery: Weeding, cultivating, and fertilizing machinery, row crop thinners, roll crop planters
    Non-soil cultivating machinery: Mushroom production, seedling preparation and seed cultivation machinery
    Cutting machinery: grass and hay mowers, chaff cutters, hay tedders, swath turners and banding machines
    Lawn mowers for parks or sports grounds

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Policies/Legislation
  • Level of Foreign Investment
  • Systems and Technology - by Industry
  • Import Competition - Agricultural Machinery mfg
  • Industry Growth - Agriculture

  • Current Performance
  • Government support
  • Profit
  • Competitive landscape
  • International trade
  • Enterprises
  • Total industry wages
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Farming Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Farming Machinery Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Legume Growing
  • Cotton Growing
  • Tobacco Growing
  • Fruit and Nut Growing

  • Key Selling Industries
  • Engine Manufacturing
  • Iron and Steel Smelting
  • Paint Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Agricultural operational machinery
  • Other
  • Harvesters
  • Manipulating machinery
  • Chart: Farming Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government policy
  • Food prices
  • Greater farming efficiency
  • Product diversification

  • Major Markets
  • Agents (retailers)
  • Wholesalers
  • Exports
  • Direct
  • Chart: Major Market Segmentation for the Farming Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Farming Machinery Manufacturing

  • Basis of Competition
  • Price
  • Brand
  • Customer relationships
  • Distribution management
  • Technical expertise
  • Quality control
  • Government relationships

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Farming Machinery Manufacturing Industry

  • Industry Globalization
    Major Companies
    YTO GroupShandong Foton Heavy Industries Co., Ltd.Kubota Agricultural Machinery (Suzhou) Co., Ltd.John Deere Harvester (Jiamusi) Machinery Co., Ltd.Wuyang Huifang Modern Agri-Machinery Co. Ltd.
  • Table: YTO Group - financial performance
  • Table: Shandong Foton Heavy Industries Co., Ltd. - financial performance
  • Table: Kubota Agricultural Machinery (Suzhou) Co., Ltd. - financial performance
  • Table: John Deere Harvester (Jiamusi) Machinery Co., Ltd. - financial performance
  • Table: Wuyang Huifang Modern Agri-Machinery Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Farming Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Farming Machinery Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Farm Machinery Production (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A farm implement for stirring and pulverizing the soil, either before planting or to remove weeds and to aerate and loosen the soil after the crop has begun to grow.
  • Harrow
  • An implement for cultivating the surface of the soil.
  • Harvester
  • Used to harvest corn, wheat, or grain by cutting it onto a conveyor belt, where it goes into a shaker to separate the kernels from the stalks.
  • Thresher
  • Used to loosen the edible part of cereal grain from the scaly, inedible chaff that surrounds it.
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    This report on Farming Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Farming Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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