- The key vendors in the combine harvester market in China 2015-2019 are CNH Industrial Capital LLC, Deere & Co. and Foton Lovol International Heavy Industry Co. Ltd.
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the combine harvester market in China 2015-2019. Growing popularity of machine rental services is one of the key trends upcoming in the market. Machine rental services are increasing in popularity among smallholders. As low financial ability and land fragmentation hinder the buying of combine harvesters, Chinese smallholders are looking toward machine rental services to gain access to machines and enhance productivity without having to wholly own the equipment. The combine harvester market in China is forecast to grow at a CAGR of 12.14% in terms of revenue and 8.03% in terms of unit shipments during 2014-2019.
“Advances in agriculture technology have empowered farmers to achieve higher yield per acre,” says Faisal Ghaus, Vice President of Technavio Research.
“Vendors are manufacturing combine harvesters with greater capacity to match the growing yields, thereby increasing overall efficiency.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
