The promulgation and implementation of the Law of the People's Republic of China on the Promotion of Agricultural Mechanization in 2004 and the first implementation of the subsidy policy for the purchase of agricultural machinery made a significant mark in the history of the development of agricultural machinery in China. 2004 also became the "first year" of a new round of agricultural mechanization development in China.

It is also due to the strong demand for agricultural mechanization production brought by national legislation, policies and the transfer of rural labor force, Oil cylinder manufacturer China's agricultural mechanization production and agricultural machinery industry have achieved rapid development in the past 10 years, and China's agricultural machinery industry has entered the "golden decade" of rapid development.

Ten years of rapid development has made domestic agricultural machinery workers form a kind of inertial thinking of development. People are more accustomed to and adapt to this rapid growth, so they have formed a continuous optimistic mood about market expectations. However, this optimism in 2014 was dampened by the "light" of the market. According to the data provided by the Statistics and Information Department of the National Machinery Federation, the key statistical product data from January to July shows that the tractor products are in a downward trend, of which the large and small tractors are down 7.46% and 11.64% respectively year on year, 0.12 and 0.43 percentage points higher than that of last month; Medium tractors dropped 6.86% year on year, 3.2 percentage points lower than that of last month.

Harvesting machinery showed a restorative growth, with a year-on-year growth of 7.27%, 5.79 percentage points higher than that of the previous month. In fact, in the past two years, the domestic agricultural machinery industry has begun to show a trend of sluggish growth. At first, the growth of individual products was sluggish and the overall situation was good. Later, the growth of individual products was good and the overall growth was sluggish. In 2014, there were only very few products, very few enterprises were hot, and the overall growth of products of a large number of enterprises and bulk consumption was sluggish.

According to the analysis, this change should not be the demand change caused by the industry cycle. It should be said that this is the sign that the agricultural machinery industry has entered the "new normal" of transformation and upgrading.

The performance of this "new normal" is that the market is saturated, the competition is fierce, the growth is weak, and the profit is compressed. However, the long-term prospect of the agricultural machinery industry is still promising. The agricultural machinery industry currently entering the transformation and upgrading stage has shown some new changes, mainly manifested as "market-oriented policies, user specialization, and land intensification".

In the past ten years, the total output value of agricultural machinery industry has climbed from 89.58 billion yuan in 2004 to 380 billion yuan in 2013, with an average annual growth rate of two digits; In 2004, the profit of agricultural machinery industry was less than 2.3 billion yuan, while in 2013, it reached 23.692 billion yuan; The comprehensive mechanization rate of agriculture increased sharply from 34.3% in 2004 to 59% in 2013.

In ten years, the output of large and medium-sized tractors in China has increased four times, and the annual output of combine harvesters has increased 335% in ten years. In 2012, it became the largest agricultural machinery manufacturing country and the largest agricultural machinery consumption market in the world.

The "new normal" faced by the development of agricultural machinery industry, Hydraulic cylinder manufacturer The enterprise requires us to seize the historical opportunity of industry transformation and upgrading, strengthen scientific and technological innovation, constantly improve our independent innovation ability, pay full attention to market forces, pay attention to changes in end-user demand, and promote production intensification. Only in this way can we realize the healthy and orderly development of agricultural machinery industry and usher in the next "golden decade" of higher quality of agricultural machinery industry.