The number of combine harvesters in China was at 2.480 million in 2023. Forecast data indicates a steady growth: by 2024, it’s projected at 2.5609 million, gradually increasing each year to reach 2.871 million by 2028. This represents a year-on-year growth rate approximately ranging from 3% to 4%.

The compound annual growth rate (CAGR) for the period from 2024 to 2028 is expected to be around 3%.

Trends to watch for:

Technological advancements leading to more efficient and adaptable harvesting equipment.
Government policies affecting agricultural mechanization incentives.
Fluctuations in agricultural output impacting machinery demand.