Between 2013 and 2023, the number of combine harvesters in China's state farms grew significantly, peaking in 2016 with a 64.91% year-on-year increase. By 2023, the number reached 7.13 million units, showing slower growth trends with a modest 0.3% year-on-year increase. From 2019 to 2023, the average annual growth rate stood at 2.18%. Forecasts from 2024 suggest continued slow growth, with the number rising to 7.21 million units by 2028 and a 0.16% CAGR over the period.
Future trends to watch include technological advancements in agricultural machinery and potential policy changes in China that could influence equipment modernization and environmental considerations, potentially affecting future demand.
