Global Variable Rate Technology (VRT) Market overview:

With the slowdown in world economic growth, the Variable Rate Technology (VRT) industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Variable Rate Technology (VRT) market size to maintain the average annual growth rate of 9.63% from 1070 million $ in 2014 to 1410 million $ in 2017, Market analysts believe that in the next few years, Variable Rate Technology (VRT) market size will be further expanded, we expect that by 2022, The market size of the Variable Rate Technology (VRT) will reach 2240 million $.

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The Global Variable Rate Technology Market is segmented on the basis of Type, Crop Type, Application method, Farm Size, Offering and Region. Based on Type segment into Variable rate seeding is being increasingly used by growers for reducing seed costs and maximization of yield by optimizing seeding rates according to field variability. Seeding is the basic functionality of any VRT system and is also the cheapest. Thus, growers adopting VRT mostly start with seeding VRT. For this reason, the seeding VRT segment is estimated to dominate the market.

On the basis of Crop Type Segment the oilseeds & pulses segment is projected to grow at the highest CAGR of from 2018 to 2022, due to increased usage of VRT in soybean and cotton. Soybean is an important global crop which finds major usage in animal feed. Population growth and increase in per capita meat consumption will continue to drive the demand for soybean production in the future. Cotton is the basic resource for thousands of consumer and industrial products manufactured in the U.S. and throughout the world, and the contribution made by cotton to the food and fiber industry continues to grow in importance. Thus, the use of VRT in oilseeds & pulses is expected to grow significantly.

Regionally, 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.

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Major Key Players:

1 Deere & Company

2 Trimble, Inc.

3 Agco Corporation

4 Topcon Corporation

5 Cnh Industrial N.V.

6 Kubota Corporation

7 Yara International Asa

8 Sz Dji Technology Co., Ltd.

9 Valmont Industries, Inc.

10 Lindsay Corporation

11 Raven Industries, Inc.

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Variable Rate Technology (VRT) Market Report 2018

1 Variable Rate Technology (VRT) Definition

2 Global Variable Rate Technology (VRT) Market Major Player Share and Market Overview

3 Major Player Variable Rate Technology (VRT) Business Introduction

4 Global Variable Rate Technology (VRT) Market Segmentation (Region Level)

5 Global Variable Rate Technology (VRT) Market Segmentation (Product Type Level)

6 Global Variable Rate Technology (VRT) Market Segmentation (Industry Level)

7 Global Variable Rate Technology (VRT) Market Segmentation (Channel Level)

8 Variable Rate Technology (VRT) Market Forecast 2018-2022

9 Variable Rate Technology (VRT) Segmentation Type

10 Variable Rate Technology (VRT) Segmentation Industry

11 Variable Rate Technology (VRT) Cost Analysis

12 Conclusion

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