Farm VRT enable various applications of inputs such as fertilizers, chemicals, pesticides, and irrigation across different fields at various rates as per the requirement.
Scope of the Report:This report studies the Farm Variable Rate Technology (VRT) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Farm Variable Rate Technology (VRT) market by product type and applications/end industries.
North America is estimated to account for the largest share of the variable rate technology market in 2018. Considering this potential, new market players are entering the market. The increase in automation and digitization of agriculture is creating new business models for this market. Asia-Pacific has been projected as the fastest-growing market for variable rate technology, owing to large farmlands and a high population growth rate. In this region, Australia held the largest market share in 2017, whereas the Chinese VRT market is projected to grow at the highest CAGR during the forecast period.
The global Farm Variable Rate Technology (VRT) market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Farm Variable Rate Technology (VRT).
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Deere (U.S.)
AGCO (U.S.)
Trimble (U.S.)
CNH Industrial (U.K.)
Topcon (Japan)
Raven Industries (U.S.)
Ag Leader (U.S.)
SZ DJI Technology (China)
Yara International ASA (Norway)
Kubota Corporation
Valmont Industries
Lindsay
Raven Industries
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Fertilizer VRT
Crop protection chemical VRT
Soil sensing VRT
Seeding VRT
Yield monitor VRT
Irrigation VRT
Others
Market Segment by Applications, can be divided into Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
