China is a global trendsetter in Electric Vehicle adoption. China consistently focuses on innovation and advancement in the field of agriculture. China is very country by agricultural land area in the compared to other countries in the world. Till 2018, the agricultural land area in China was 5.29 million sq. km. Electric tractors replacing traditional internal combustion engines with the fast pace in recent times. As electric tractor provides a better economy and needs less maintenance so agriculture industry getting shifting towards battery-operated vehicles.
The China Electric Tractor Market size was valued at $XX million in 2020 and is estimated to reach $xx million by 2028 at a CAGR of XX% from 2021 to 2028. In 2020, the agricultural division holds around 7.7% GDP of China. Logistics and transportation are also the key sectors in China where electric tractors are used at a wider scale. China has a mega manufacturing hub globally so the need for a cheaper mode of transport and logistics boosts the market of the electric tractor in china. Many mining places in china like Baizhiyan mine, Baoguosi, Benxi, Gongchangling, etc are also deploying electric tractors for less air and sound pollution which further rising the electric tractor market. Battery maintenance and higher battery replacement prices are major market restraints in electric tractor market development.
The key players in the Chinese Electric Tractor Market are Shanghai Gather Power Industry Co, Ltd, Banyitong Science and Technology Developing Co, Weifang Runda Machinery Co., Ltd., Ningbo Ruyi Joint Stock Co., Ltd., and others.
The China Electric Tractor Market is segmented on the basis of By Tractor Type, By Battery Type, By Drivetrain Technology, By Powertrain, By Application, By Regions, and Others.
Key Highlights of the report:
• Latest industry key improvement evaluation.
• A comprehensive study includes an estimation of the market origin.
• Valuable suggestion to companies in establishing their strength in the market.
• Regional market status and other niche verticals.
• Historical, present, and forecast magnitude of the market from the viewpoint of including both volume and value.
• Key players' strategies and their market shares.
• Significant transformation in the electric vehicle market kinetics.
Market Segmentation
By Tractor Type
• Light
• Medium-duty
• Heavy-duty
By Battery Type
• Lead Acid
• Lithium-ion
By Drivetrain Technology
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
By Application
• Agriculture
• Mining
• Logistics
• Construction
By Powertrain
• Parallel Hybrid
• Series Hybrid
• Combined Hybrid
By Regions
• Southern China
• Northern China
• Eastern China
• Western China
• Central China
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