5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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:
Acquisitions, mergers, and expansions are a few strategies employed by these players to increase their market share, globally.
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5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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