Spreader Fertilizers Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Insights

The market of USD XX million in 2017 is expected to reach USD XX million by 2022, at a CAGR of XX%. Due to the industrial revolution and green revolution, the machinery market has grown substantially for capacity enhancement and efficient utilization of inputs.

The spreader fertilizer machinery market has a huge platform for growth by improvising the existing technology and by using precision farming techniques. Originating in the US and European countries, where farms are big (over 100 hectares), precision agriculture (PA) is becoming popular, globally. In the Western countries, PA is associated with increased farm mechanization for field operations like sowing, harvesting, weeding, balling, etc.  Global positioning systems, computer-based sensors, actuators, machine vision, and laser-based sensors are incorporated into mobile robots to configure autonomous systems into agricultural tasks. In modern farming, fleet robots are used to accomplish one or several agricultural tasks.  The system involves digitally connected robot farmhands, drones, satellite communication, ground-based sensors, and data centers.

Market Dynamics

High-yielding varieties with high requirement of irrigation and agri-inputs necessitated the adoption of farm mechanization in the agricultural fields. The increasing credit facility available to farmers and the growing concern over food security are driving the farm machinery market in the country. Starting with the demand for basic machinery like tractors, plows, and threshers, the current demand and invention are focused on pre-harvest and post-harvest machinery like seeders, sprayers, threshers, harvesters, drilling machines, etc.

Market Segmentation

The market is segmented based on phase type into dry spreaders, drop spreaders, rotary spreaders, pendulum spreaders and liquid spreaders. The machinery developed for application of fertilizers is composed of three main parts: the hopper or storage of fertilizer, the drop tube of fertilizer and fertilizer distributor. They are differentiated based on the spread pattern, operating mechanism and the physical composition of the fertilizer. There are various other kinds of spreaders such as broadcast spreader and liquid fertilizer spreader. Asia-Pacific and North America are major markets, followed by Europe. South America is a developing region and provides huge opportunities for players to invest and contribute a major share of growth in the region.

Key Industry Players

The major players include:

• AGCO
• Kubota
• Buhler Industries
• CNH Industrial

Acquisitions, mergers, and expansions are a few strategies employed by these players to increase their market share, globally.

what the Report Offers

• Market analysis for the global spreader fertilizers machinery market, with region-specific assessments and competition analysis on global and regional scales.
• Market definition, along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their market share.
• Identification and analysis of the macro and micro factors that affect the global spreader fertilizers machinery market on both, global and regional scales.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights into the major countries/regions where this industry is growing and identifying the regions still untapped.