Strengths and Changes in #TractorIndustry from the 2024 CIAME
The tractor is the power source of thousands of #agriculturalimplements, and its technical level and performance lead to the development of thousands of agricultural implements. The importance of this is self-evident, and many agricultural countries cultivate the tractor as the basic industry of agricultural machinery.
In China tractor is the largest scale and output value of agricultural machinery category, China has the world's largest number of tractor factories, the peak of the number of tractor factories in China is more than 250, and in 2024 there will be nearly 200 in CIAME, Changsha. According to the data provided by the organizer, nearly 60 tractor enterprises participated in the exhibition, and more than 1,500 tractors were displayed. It can be said that In a boat race, those who row the hardest will win.
European and American multinationals: technology-led, product-driven
Although the business structure of European and American multinational companies such as John Deere, Case New Holland, AGCO, CLASS, Deutz-Fahr, and so on are different, such as CLASS claiming to be a harvester expert, New Holland is an expert in the pasture. Still, these multinational giants are all, without exception, treating tractors as their main products. In the revenue structure, tractors account for the big head or account for an absolute share. If there were no tractors, it would not be possible for these companies to become the world's largest and most important companies in the world. Without the main business of tractors, these companies would not be able to become "monster" companies ranked in the top 10 on the global scale.
From the perspective of the market, at present, John Deere, Case New Holland, AGCO's tractor is still the strongest, leading the development of global agricultural machinery, there is no country and enterprise can cause substantial challenges to them. In the Chinese market, JD, Case, and AGCO's tractors are the objects that China's local enterprises learn and imitate.
Domestic head brand: the strong get stronger, wielding the scythe
The most noteworthy thing in this year's exhibition is the power shift and CVT tractor, and leading the most advanced technology is still undoubtedly YTO Dongfanghong and Weichai LOVOL.
Ten years ago, YTO spent a huge amount of money to acquire the French transmission factory, Weichai LOVOL self-developed CVT transmission came out, Weichai powershift transmission was re-released, indicating that the domestic preliminary attack on the advanced transmission technology, and the R & D stage to the industrialization stage of the development of this year's exhibition can be seen in a lot of CVT and power-shift transmission equipped tractor.