Global Variable Rate Technology (VRT) Sales Market Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Agriculture
Publisher : MRA | Format : PDF
Global Variable Rate Technology (VRT) Sales Market Report 2024
Market Analysis and InsightsGlobal Variable Rate Technology (VRT) Market
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
Due to the COVID-19 pandemic, the global Variable Rate Technology (VRT) market size is estimated to be worth US$ 1441.2 million in 2022 and is forecast to a readjusted size of US$ 2157.9 million by 2033 with a CAGR of 5.5% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Fertilizer VRT accounting for % of the Variable Rate Technology (VRT) global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Cereals & Grains segment is altered to an % CAGR throughout this forecast period.
The United States Variable Rate Technology (VRT) market is estimated at US$ million in 2022, while China was US$ million. The proportion of the United States is % in 2022, while Chinese percentage was %, and it is predicted that China share will reach % in 2033, trailing a CAGR of % through the analysis period.
The global key players of Variable Rate Technology (VRT) include Deere, Trimble, Agco Corporation, Kubota, Yara International Asa, Valmont Industries, Lindsay Corporation, Raven Industries and Ag Leader, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
In United States, in terms of revenue, in 2022, the top three players hold a share about %, while in China, top three players hold a share nearly %.
Global Variable Rate Technology (VRT) Scope and Market Size
The global Variable Rate Technology (VRT) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Variable Rate Technology (VRT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2033.
Segment by Type
Fertilizer VRT
Crop Protection Chemical VRT
Soil Sensing VRT
Seeding VRT
Yield Monitor VRT
Irrigation VRT
Others
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
Deere
Trimble
Agco Corporation
Kubota
Yara International Asa
Valmont Industries
Lindsay Corporation
Raven Industries
Ag Leader
Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
Due to the COVID-19 pandemic, the global Variable Rate Technology (VRT) market size is estimated to be worth US$ 1441.2 million in 2022 and is forecast to a readjusted size of US$ 2157.9 million by 2033 with a CAGR of 5.5% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Fertilizer VRT accounting for % of the Variable Rate Technology (VRT) global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Cereals & Grains segment is altered to an % CAGR throughout this forecast period.
The United States Variable Rate Technology (VRT) market is estimated at US$ million in 2022, while China was US$ million. The proportion of the United States is % in 2022, while Chinese percentage was %, and it is predicted that China share will reach % in 2033, trailing a CAGR of % through the analysis period.
The global key players of Variable Rate Technology (VRT) include Deere, Trimble, Agco Corporation, Kubota, Yara International Asa, Valmont Industries, Lindsay Corporation, Raven Industries and Ag Leader, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
In United States, in terms of revenue, in 2022, the top three players hold a share about %, while in China, top three players hold a share nearly %.
Global Variable Rate Technology (VRT) Scope and Market Size
The global Variable Rate Technology (VRT) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Variable Rate Technology (VRT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2033.
Segment by Type
Fertilizer VRT
Crop Protection Chemical VRT
Soil Sensing VRT
Seeding VRT
Yield Monitor VRT
Irrigation VRT
Others
Segment by Application
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Deere
Trimble
Agco Corporation
Kubota
Yara International Asa
Valmont Industries
Lindsay Corporation
Raven Industries
Ag Leader
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices