According to Ag Equipment Intelligence’s research report “Chinese Tractor Market: Analysis & Forecast” released on July 1, annual 41-100 horsepower tractor sales in China are forecast to reach over 1.6 million by 2026.
In order to independently pursue growth in China, the world’s largest tractor manufacturer, Mahindra & Mahindra, has announced it is selling its entire stake in a Chinese tractor joint venture company.
The most ambitious attempt yet by a Chinese manufacturer to enter mainstream Western tractor and machinery markets takes another step this fall when a subsidiary of Lovol Heavy Industries starts assembling tractors in Italy for sale in a number of European countries.
Despite the a slowdown in China’s economy, Japanese farm equipment maker, Kubota, is betting that demand for ag machinery will remain strong well into the future.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.