World Variable Rate Technology Market Analysis, Trends, and Forecasts 2020-2024

The report covers a forecast and an analysis of the Variable Rate Technology (VRT) Market on a and regional level. The study provides historical data for 2015, 2016, and 2017 and forecast from 2018 to 2024 based on revenue (USD Million) and volume (Kilotons).

Overview of Variable Rate Technology (VRT) Market:

Variable-rate technology (VRT) allows fertilizer, chemicals, lime, gypsum, irrigation water and other farm inputs to be applied at different rates across a field, without manually changing rate settings on equipment or having to make multiple passes over an area. In Precision agriculture, Variable Rate Application refers to the application of a material, such that the rate of application is based on the precise location, or qualities of the area that the material is being applied to.

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 0.0567373726722 from 1070.0 million $ in 2014 to 1410.0 million $ in 2020, analysts believe that in the next few years, Variable Rate Technology (VRT) market size will be further expanded, we expect that by 2024, The market size of the Variable Rate Technology (VRT) will reach 2240.0 million $.

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This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients’ information, which is very important for the manufacturers.

Product Type Segmentation:

The Variable Rate Technology (VRT) Market provides with the basic product type as Fertilizer Vrt, Crop Protection Chemical Vrt, Soil Sensing Vrt, Seeding Vrt and Yield Monitor Vrt. Variable rate seeding is being increasingly used for reducing seed costs and maximization of yield by optimizing seeding rates according to field variability. Seeding is the basic type of any VRT system and is also the cheapest. Thus, adopting VRT mostly start with seeding VRT. For this reason, the seeding VRT segment is estimated to dominate the market.

Industry Segmentation:

Using the Variable Rate Technology (VRT) Market it is possible of developing software by various industries such as Map-Based Vrt and Sensor-Based Vrt. Internet helps the users to access different applications with minimum costs & efforts. The VRT software Market is projected to grow at the highest rate due to its different functionalities such as data management, data security, crop health monitoring, farm work mapping, and stock management. Hardware systems such as Map-Based Vrt and Sensor-Based Vrt, handheld computers, sensors, and yield monitor systems accounted for more than half of the total VRT offering market in 2016, due to their extensive use in variable rate technology.

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Regional Segmentation:

The Variable Rate Technology (VRT) market is dominating North America due to the presence of players in the U.S. Growing Organization sizes and increasing application area of Variable Rate Technology (VRT) is supporting the market Variable Rate Technology (VRT) in North America and also South America. Asia-Pacific has emerged as a faster-growing market. Europe holds the second position in the market and the growing economy of the Asian countries India and China.

Top Key Players Segmentation: Deere and Company, Trimble, Agco Corporation, Topcon Corporation, Cnh Industrial N.V., Kubota Corporation, Yara International Asa, Sz Dji Technology Co., Ltd., Valmont Industries, Lindsay Corporation, Raven Industries and Ag Leader Technology. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Current Industry News:

1 Deere: Deere offers new, factory-installed Exact Rate Liquid Fertilizer Application System for select planters Feb 11 , 2020- As input costs continue to rise, farmers are looking for ways to enhance their planting equipment to provide precise placement and reduce inputs when possible. To address this concern John Deere has introduced ExactRate™, a factory-installed option that precisely monitors and controls the application of liquid fertilizer during planting.

“ExactRate gives operators row-by-row section control to help reduce fertilizer costs and the amount of chemicals applied by shutting off application in areas of overlap or non-application,” Ryan Hough, marketing manager for planting and seeding for John Deere said. “Using ExactRate, customers can follow the 4R Principles of Nutrient Stewardship by applying the right product, at the right rate, at the right time and in the right place.”

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Major Points in Table of Contents:

1 Variable Rate Technology (VRT) Product Definition
2 Variable Rate Technology (VRT) Market Manufacturer Share and Market Overview
2.1 Manufacturer Variable Rate Technology (VRT) Shipments
2.2 Manufacturer Variable Rate Technology (VRT) Business Revenue
2.3 Variable Rate Technology (VRT) Market Overview
3 Manufacturer Variable Rate Technology (VRT) Business Introduction
3.1 Deere & Company Variable Rate Technology (VRT) Business Introduction
3.1.1 Deere & Company Variable Rate Technology (VRT) Shipments, Price, Revenue and Gross profit 2014-2020
3.1.2 Deere & Company Variable Rate Technology (VRT) Business Distribution by Region
3.1.3 Deere & Company Interview Record
3.1.4 Deere & Company Variable Rate Technology (VRT) Business Profile
3.1.5 Deere & Company Variable Rate Technology (VRT) Product Specification
3.2 Trimble, Inc. Variable Rate Technology (VRT) Business Introduction
3.2.1 Trimble, Inc. Variable Rate Technology (VRT) Shipments, Price, Revenue and Gross profit 2014-2020
3.2.2 Trimble, Inc. Variable Rate Technology (VRT) Business Distribution by Region
3.2.3 Interview Record
3.2.4 Trimble, Inc. Variable Rate Technology (VRT) Business Overview
3.2.5 Trimble, Inc. Variable Rate Technology (VRT) Product Specification
3.3 Agco Corporation Variable Rate Technology (VRT) Business Introduction
3.3.1 Agco Corporation Variable Rate Technology (VRT) Shipments, Price, Revenue and Gross profit 2014-2020
3.3.2 Agco Corporation Variable Rate Technology (VRT) Business Distribution by Region
3.3.3 Interview Record
3.3.4 Agco Corporation Variable Rate Technology (VRT) Business Overview
3.3.5 Agco Corporation Variable Rate Technology (VRT) Product Specification
3.4 Topcon Corporation Variable Rate Technology (VRT) Business Introduction
3.5 Cnh Industrial N.V. Variable Rate Technology (VRT) Business Introduction
3.6 Kubota Corporation Variable Rate Technology (VRT) Business Introduction

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