North America and Europe to Dominate the Agricultural Variable Rate Technology Market - PowerPoint PPT Presentation

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North America and Europe to Dominate the Agricultural Variable Rate Technology Market


North America is estimated to account for the largest share of the variable rate technology market. The increase in automation and digitization of agriculture is creating new business models for this market. Request for Sample Report: – PowerPoint PPT presentation

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Date added: 15 October 2019
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Title: North America and Europe to Dominate the Agricultural Variable Rate Technology Market

MarketsandMarkets Presents
  • North America and Europe to Dominate the
    Agricultural Variable Rate Technology Market

  • The variable rate technology market was valued at
    USD 1.31 Billion in 2016. It is projected to grow
    at a CAGR of 9.65 from 2017, to reach 2.24
    Billion by 2022. The objectives of the study are
    to define, segment, and measure the size of the
    market with respect to its type, crop type,
    application method, farm size, offering, and
    region. The report also aims to provide detailed
    information about the crucial factors influencing
    the growth of the market, strategical analysis of
    micromarkets, opportunities for stakeholders,
    details of competitive landscape, and profile of
    the key players with respect to their market
    share and competencies.
  • North America is estimated as the largest
    contributor to the global variable rate
    technology market due to early adoption of
    variable rate technologies by countries in this
    region such as the U.S. and Canada. The presence
    of a large number of vendors, continuous
    advancements in technology, and reduced price of
    equipment are contributing to the growth of the
    variable rate technology market in North America.
  • Request for Sample Report https//www.marketsandm

Key Players
  • Deere Company (U.S.)
  • AGCO Corporation (U.S.)
  • Trimble, Inc. (U.S.)
  • CNH Industrial N.V. (U.K.)
  • Topcon Corporation (Japan)
  • Raven Industries, Inc. (U.S.)
  • Ag Leader Technology (U.S.)
  • SZ DJI Technology Co., Ltd. (China)
  • Yara International ASA (Norway)

(No Transcript)
Market Dynamics
  • Drivers
  • Improved Efficiency and Productivity Through
    Improved Crop Yields and Field Quality
  • Favorable Government Initiatives for Adoption of
    Modern Agricultural Techniques
  • Increase in Average Age of Farmers in Developed
  • Restraints
  • High Initial Capital Investment
  • Lack of Technical Awareness and Understanding
    Regarding Advantages of VRT Over Traditional
    Agricultural Practices

  • Opportunities
  • Integration of Smartphones With Agricultural
    Hardware and Software Applications
  • VRT Services Provided By Leading Market Players
    in Developing Economies
  • Challenges
  • Lack of Data Management Practices for Productive
    Utilization of VRT in Agriculture
  • Smaller Land Holdings in Developing Economies

Target Audience
  • Variable rate technology component manufacturers
  • Variable rate technology product importers and
  • Variable rate technology product traders,
    distributors, and suppliers
  • Government and research organizations
  • Original equipment manufacturers
  • Satellite service providers
  • Software, service, and technology providers
  • Original equipment manufacturers
  • Commercial research development (RD)
    institutions and financial institutions
  • End users

Contact Us
  • Mr. Shelly Singh
  • MarketsandMarkets INC.
  • 630 Dundee Road
  • Suite 430
  • Northbrook, IL 60062
  • USA 1-888-600-6441

About MarketsandMarkets
  • MarketsandMarkets provides quantified B2B
    research on 30,000 high growth niche
    opportunities/threats which will impact 70 to
    80 of worldwide companies revenues. Currently
    servicing 7500 customers worldwide including 80
    of global Fortune 1000 companies as clients.
    Almost 75,000 top officers across eight
    industries worldwide approach MarketsandMarkets
    for their painpoints around revenues decisions.
  • Our 850 fulltime analyst and SMEs at
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