2024: Based on 2024 wheel tractor subsidized sales data, the top ten brands are China First Tractor, Weichai Lovol, World Agricultural Machinery, Changzhou Dongfeng Agricultural Machinery, Jiangsu Changfa, Weifang Huaxia, Tai'an Taishan Guotai, Xuzhou XCMG, Kubota, and Deutz-Fahr.
2025: Subsidy disclosure data as of July 11, 2025, shows that the top ten wheel tractor companies by cumulative subsidized sales in 2025 are Weichai Lovol, China First Tractor, Changzhou Dongfeng Agricultural Machinery, Changfa Agricultural Equipment, World Agricultural Machinery, Luoyang Wannianhong, Weifang Huaxia, Yingxuan Heavy Industry, Weifang Liwang, and Shandong Guhe.
Based on dealer invoice value, the top ten companies are Weichai Lovol, China First Tractor, Changfa Agricultural Equipment, Changzhou Dongfeng Agricultural Machinery, World Agricultural Machinery, John Deere, Xuzhou XCMG, Yingxuan Heavy Industry, Case New Holland, and Zoomlion.
In the first half of 2025, China's tractor sales exceeded 90,000 units, generating approximately 10.43 billion yuan in sales, a 38% year-on-year decline. Subsidy data released as of July 11, 2025, showed that 99,185 large and medium-sized wheeled tractors had been subsidized in the first half of 2025, a 37% decrease from the first half of the previous year.
Monthly, in August 2025, China's total wheeled tractor sales reached 7,180 units, generating approximately 728 million yuan in sales, with an average unit price of 101,400 yuan.
In terms of market competition, in the first half of 2025, Weichai Lovol ranked first with sales of 19,521 units and sales of 2.74 billion yuan, accounting for over 26% of the market share.
China First Tractor Co., Ltd. followed closely behind, selling 17,411 units and generating 2.13 billion yuan in sales, for a 20.4% market share. The top two brands account for approximately 41% of the market share, and market concentration remains at a high level.
Features of China's Multi-Purpose Tractors
Diversified Functions: These tractors can be equipped with a variety of agricultural implements, performing various operations such as rotary tillage, seeding, plant protection, harvesting, and transport. For example, the Zoomlion RD504 wheeled tractor can perform plowing, harrowing, sowing, and straw return.
Adaptability: These tractors can adapt to diverse terrain and climatic conditions. For example, tractors designed for both wet and dry fields can operate efficiently.
For example, the YTO Dongfanghong MF704-7 (G4) features a sealed front axle to protect against mud and sand, high ground clearance, and a variety of wet and dry field tire options, making it suitable for both wet and dry field operations.
There are also models designed for hilly and mountainous terrain, such as the YTO MH804M tractor, which features a zigzag steering design with a minimum turning radius of only 3 meters, allowing for flexible operation on complex terrain such as terraces and slopes.
Current Development Status of China's Multi-Purpose Tractor Market
Market Size Growth: With the advancement of agricultural modernization, the market size of China's multi-purpose tractors is growing.
Data shows that multi-purpose tractor sales are expected to grow by over 12% annually in 2024, with the market size projected to grow from approximately 38 billion yuan in 2023 to over 62 billion yuan in 2030, achieving a compound annual growth rate of 7.2%.
Competitive Landscape: The market landscape is characterized by deepening domestic substitution. Leading companies such as YTO Group and Lovol Heavy Industry have increased their local component procurement rate to 92% through vertically integrated supply chains.
This cost advantage has enabled domestically produced 200-horsepower models to be 30%-40% cheaper than imported ones, increasing their market share from 58% in 2020 to 67% in 2024.
International giants John Deere and Kubota are focusing on the high-end market with engines over 300 horsepower, maintaining technological advantages in niche areas such as specialized models for fruit and vegetable greenhouses.
Technical Development Trends of Multi-Purpose Tractors in China
Intelligence: The adoption rate of unmanned driving systems will continue to increase, achieving centimeter-level operating accuracy through the fusion of Beidou high-precision navigation and AI vision technology.
From 2025 to 2030, the shipment share of intelligent connected tractors is expected to exceed 30%. For example, China YTO's LP2404-C power-shuttle heavy-duty tractor, equipped with an intelligent control system, optimizes both power output and fuel efficiency.
New Energy: The commercialization of hybrid and pure electric drive technologies is accelerating.
The market penetration rate of new energy tractors is expected to exceed 8% by 2025, and by 2030, a three-way market structure of fuel, hybrid, and pure electric tractors is expected to emerge.
