Investment Rating - The report does not explicitly state an investment rating for the agricultural machinery industry Core Insights - The Chinese agricultural machinery market is projected to grow from CNY 598.71 billion in 2023 to CNY 931.56 billion by 2028, reflecting a compound annual growth rate (CAGR) of approximately 9.1% [21][33] - The tractor market specifically is expected to see growth, with total tractor production estimated to reach 65.7 million units by 2028 [30] - The average price of tractors is anticipated to increase from CNY 146,000 in 2023 to CNY 190,000 by 2028, indicating a trend towards higher-value machinery [31][33] Summary by Sections 1. Market Size Overview - The Chinese agricultural machinery market size was CNY 5,987.09 billion in 2023 and is expected to reach CNY 6,254.78 billion in 2024E [21] - The tractor market size specifically was CNY 802.27 billion in 2023, with projections of CNY 1,248.29 billion by 2028 [33] 2. Tractor Production - Large tractor production is projected to grow from 10.73 million units in 2023 to 26.7 million units by 2028 [23] - Medium tractor production is expected to stabilize around 27 million units from 2024E to 2028E [25] - Small tractor production is forecasted to decline from 16.9 million units in 2023 to 12 million units by 2028 [27] 3. Tractor Market Size - The tractor market size is calculated as the product of total tractor production and average price, with the market expected to grow significantly over the next five years [33] 4. Tractor Market Share in Agricultural Machinery - The share of the tractor market within the overall agricultural machinery market is projected to remain stable at approximately 13.4% from 2023 to 2028 [36]
中国农业机械行业市场规模测算逻辑模型 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-11-22 12:02