Over the past five years, total revenue for the Farming Machinery Manufacturing industry has been growing at an annualized rate of 6.0% to an estimated $25.7 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 2.9 million units in 2018, 6.5% annual growth compared with 2013.Industry profit as a share of revenue is estimated at 5.8%...purchase to read more.

Industry Report - Industry Products Chapter

Agricultural operational machineryThe largest product segment in this industry is agricultural operational machinery, which includes various types of planting and transplanting machinery and seeding machines. This segment is expected to account for around 44.1% of industry revenue in 2018. The share of this segment has slightly decreased over the past few years as new and specialized agricultural machinery products were developed.Harvester machineryHarvester machinery products are expected to account for 13.6% of total industry revenue in 2018. This includes corn harvesters, rice harvesters, grain harvesters, forage machinery, shearing equipment, cotton pickers and other machinery. The...purchase to read more.

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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    What's in this report

    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
  • Harvesters
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 supportProfitCompetitive landscapeInternational tradeEnterprisesTotal 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

  • 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
    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
    YTO Group, Shandong 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

  • 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
    Table: Industry Data for the Farming Machinery Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)
  • Farm Machinery Production (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Farming Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Farming Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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