In 2023, the number of machinery for agricultural drainage and irrigation on state farms in China was lesser than the forecast of 55.55 million units in 2024. From 2024 to 2028, the number of machinery is projected to grow steadily, reaching 77.61 million units, indicating an annual growth rate (CAGR) of approximately 8.75%.
Future trends to watch for include advancements in automation and smart technologies that could enhance efficiency in agricultural machinery. Integrating these innovative technologies may further drive growth and investment in this segment, influencing both production and adoption rates on state farms.
