news

on august 29, citic securities research report pointed out that due to the transition from "national iii" to "national iv" at the end of 2022, as well as the continued promotion of high-standard farmland construction and land transfer policies, the domestic horsepower extension and upgrading trend is still in its infancy. the domestic tractor market is expected to usher in a wave of machine replacement in 2025/2026, and the large-scale tractor track is expected to usher in a rise in both volume and price. referring to overseas markets, mature markets are led by leading companies and occupy an absolute dominant position in the market. the continuous enhancement of product intelligence has brought about a continuous growth in the scale of the industry. in view of the current complex and changing international situation, food security is of great importance, and the gap between my country's agricultural machinery and developed countries in europe and the united states is large. the agricultural machinery industry is in the initial critical stage of industrial upgrading with shortcomings, intelligence, and localization. the national policy support continues to exert force and is optimistic about the development prospects of the agricultural machinery industry, especially the development of the large-scale tractor track. it is recommended to focus on the leading agricultural machinery industry companies with high self-sufficiency rates of core components in the industry and advanced layout of technology and channels.