CHICAGO, Dec. 7, 2022 /PRNewswire/ -- According to Arizton's latest research report, the fertilizer spreader market will grow at a CAGR of 4.37% from 2022-2028. Development of smart and autonomous spreaders, increased food consumption & population growth, and fiscal support to farmers through loans & subsidies are some of the latest trends in the market. A new frontier of innovation emerged as agriculture met digital technologies, opening various paths to smart agriculture in the future. GPS and remote sensing make farming more accurate and productive, thereby gaining high traction in the fertilizer spreader market.
The U.S. fertilizer spreader sales grew by approximately 10.3%, and the mounted type of spreader segment enjoyed high growth compared to 2020. Good business turnover among hobby and livestock farmers was one of the factors driving the steady growth of the mounted type of fertilizer spreader segment. The MEA and Latin America still have negligible farm mechanization, and vendors can explore these regions with a portfolio of mounted and trailed spreaders suitable for the specific regions. The fertilizer spreader market is in the growth stage, and manufacturers are looking for capacity augmentation in key countries.
The mounted fertilizer spreader segment generated the highest sales in almost all global regions. This segment mainly includes fertilizer spreaders mounted on trucks or tractors. The mounted fertilizer spreader and solid fertilizer type segments account for most of the development of the North American fertilizer spreader market. The mounted fertilizer spreader segment shipments are expected to reach 393.1 thousand units in 2028.
Fertilizer Spreader Market Report Scope
Report Attributes | Details |
Market Size (2028) | 755.6 thousand Units |
Market Size (2022) | 584.7 thousand Units |
CAGR (2022-2028) | 4.37 % |
Base Year | 2022 |
Historic Year | 2020-2021 |
Forecast Year | 2023-2028 |
Market Segments | Mounting Type, Fertilizer Type, and Geography |
Geographic Analysis | North America, Europe, APAC, Latin America, Middle East & Africa |
Largest Market | Asia-Pacific |
Key Leading Countries | US, Canada, Germany, France, Italy, Russia, Spain, India, China, New Zealand, Australia, Brazil, Mexico, Argentina, Turkey, and South Africa
|
Key Vendors | AGCO Corporation, CNH Industrial, Deere & Company, Kuhn Group, Amazonen-Werke, Adams Fertilizer Equipment, Eurospand Cavallo, CEA AGRIMIX, Montag Mfg, Salford Group, Cleris, Takakita, Enorossi, Vervaet, and Kuxmann |
Market Dynamics | ·Development of smart & autonomous spreaders ·Increased food consumption & population growth ·Fiscal support to farmers through loans & subsidies ·Increased farm mechanization |
Page Number | 191 |
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Population growth directly affects the demand for food items as the number of mouths to feed increases. Global food production will likely increase by 70% by 2050 to feed an additional 2.2 billion people. Developing countries need to double their food production. An additional 200 million tons of meat and one billion tons of cereals will be required to produce per annum by 2050. This projects the intensity of technical advances and innovations required in the coming years. Fertilizer spreaders, the muscle of modern agriculture, will play a vital part in global food production during the forecast period. This, in turn, causes the demand for the fertilizer spreader market to be fueling rapidly.
Why Should You Buy This Report?
This report is among the few in the market that offer outlook and opportunity analysis forecast in terms of:
- Market size & forecast volume 2020-2028 (Units)
- Segmentation by mounting type
- Segmentation by fertilizer type
- Segmentation by geography
- Major current and upcoming projects and investments
- Competitive intelligence about the economic scenario, advantages and benefits of fertilizer spreaders, market dynamics, and shares
- Latest and innovative technologies
- Import and export analysis
- COVID-19 impact analysis
- Company profiles of major and other prominent vendors
- Market shares of major vendors
AGCO Corporation, Deere & Co., CNH Industrial, Kuhn Group are the major global fertilizer spreader market vendors. The competition among these leading players on the global stage is high. Several players offer various agricultural equipment to achieve economies of scale. Most players follow the acquisition strategy. Vendors are using innovative market models to accelerate growth and concentrate on expanding their portfolios. Many foreign players are expected to expand their market presence, particularly in the developing countries of APAC and Europe, to gain more market share during the forecast period. Improvements in global economic conditions will boost demand expansion, making it an enticing time to introduce new products.
Farm Mechanizations to Boost the Market Demand
Prominent and emerging countries across the globe are witnessing a high rate of farm mechanization; however, the level of mechanization varies among geographical regions. In agricultural countries such as India, China, and the US, there is a need to implement advanced technology to increase production and net incomes due to high growth in the countries. These countries are also adopting farm mechanization at a faster rate. Fertilizer spreaders used on the farm generally account for some of the significant parts of mechanization in the country. In 2021, China and India were the largest fertilizer spreader market in terms of sales in APAC. According to the World Bank, more than 50% of the population will migrate to cities by 2050. This migration will drastically affect the workforce engaged in the agriculture sector, further boosting the contribution of farm mechanization.
Key Company Profiles
- AGCO Corporation
- CNH Industrial
- Deere & Company
- Kuhn Group
- Amazone Werke
- Adams Fertilizer Equipment
- Eurospand Cavallo
- CEA AGRIMIX
- Montag Mfg
- Salford Group
- Cleris
- Takakita
- Enorossi
- Vervaet
- Kuxmann
Market Segmentation Analysis
Mounting
- Mounted
- Trailed
- Self-propelled
Fertilizer
- Solid
- Liquid
Geography
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- Russia
- Spain
- APAC
- India
- China
- New Zealand
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- Turkey
- South Africa
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Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
8 INTRODUCTION
8.1 OVERVIEW
8.2 BENEFITS OF USING FERTILIZER SPREADERS
8.2.1 INCREASED PRODUCTION OUTPUT
8.2.2 FILL THE GAP IN MANUAL LABOR
8.2.3 INCREASED ATTENTION TO ACCURACY
8.3 IMPORT & EXPORT STATISTICS
8.3.1 TOP IMPORTERS OF MANURE SPREADERS & FERTILIZER DISTRIBUTORS
8.3.2 TOP EXPORTERS OF MANURE SPREADER & FERTILIZER DISTRIBUTOR
8.4 IMPACT OF RUSSIA-UKRAINE WAR ON FERTILIZER MARKET
8.4.1 EFFECTS OF THE WAR ON POTASH & NITROGEN PRODUCTION
8.5 INCREASED PRECISION FARMING
9 MARKET OPPORTUNITIES & TRENDS
9.1 DEVELOPMENT OF SMART & AUTONOMOUS SPREADERS
9.2 INCREASED FOOD CONSUMPTION & POPULATION GROWTH
10 MARKET GROWTH ENABLERS
10.1 FISCAL SUPPORT TO FARMERS THROUGH LOANS & SUBSIDIES
10.2 INCREASED FARM MECHANIZATION
10.3 LACK OF SKILLED FARM LABOR
11 MARKET RESTRAINTS
11.1 LACK OF AWARENESS OF LATEST DEVELOPMENTS IN AGRICULTURAL TECHNOLOGIES
11.1.1 LACK OF EDUCATED FARMERS IN EMERGING COUNTRIES
11.1.2 RESOURCE SCARCITY OF SMALL- & MEDIUM-SCALE FARMERS
11.2 IMPACT OF CLIMATE CHANGE ON AGRICULTURAL ACTIVITIES
11.3 VOLATILITY IN RAW MATERIAL COSTS
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 MOUNTING TYPE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 MOUNTED
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 TRAILED
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 SELF-PROPELLED
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
14 FERTILIZER TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 SOLID
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 LIQUID
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW
16 NORTH AMERICA
16.1 MARKET OVERVIEW
16.1.1 MARKET SIZE & FORECAST
16.2 MOUNTING TYPE
16.2.1 MARKET SIZE & FORECAST
16.3 FERTILIZER TYPE
16.3.1 MARKET SIZE & FORECAST
16.4 KEY COUNTRIES
16.4.1 US: MARKET SIZE & FORECAST
16.4.2 CANADA: MARKET SIZE & FORECAST
17 EUROPE
17.1 MARKET OVERVIEW
17.1.1 MARKET SIZE & FORECAST
17.1.2 EUROPE TYPE-APPROVAL (MOTHER) REGULATIONS
17.2 MOUNTING TYPE
17.2.1 MARKET SIZE & FORECAST
17.3 FERTILIZER TYPE
17.3.1 MARKET SIZE & FORECAST
17.4 KEY COUNTRIES
17.4.1 GERMANY: MARKET SIZE & FORECAST
17.4.2 FRANCE: MARKET SIZE & FORECAST
17.4.3 ITALY: MARKET SIZE & FORECAST
17.4.4 RUSSIA: MARKET SIZE & FORECAST
17.4.5 SPAIN: MARKET SIZE & FORECAST
18 APAC
18.1 MARKET OVERVIEW
18.1.1 MARKET SIZE & FORECAST
18.2 MOUNTING TYPE
18.2.1 MARKET SIZE & FORECAST
18.3 FERTILIZER TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 KEY COUNTRIES
18.4.1 INDIA: MARKET SIZE & FORECAST
18.4.2 CHINA: MARKET SIZE & FORECAST
18.4.3 NEW ZEALAND: MARKET SIZE & FORECAST
18.4.4 AUSTRALIA: MARKET SIZE & FORECAST
19 LATIN AMERICA
19.1 MARKET OVERVIEW
19.1.1 MARKET SIZE & FORECAST
19.2 MOUNTING TYPE
19.2.1 MARKET SIZE & FORECAST
19.3 FERTILIZER TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 KEY COUNTRIES
19.4.1 BRAZIL: MARKET SIZE & FORECAST
19.4.2 MEXICO: MARKET SIZE & FORECAST
19.4.3 ARGENTINA: MARKET SIZE & FORECAST
19.5 MIDDLE EAST & AFRICA
19.5.1 MARKET OVERVIEW
19.5.2 MARKET SIZE & FORECAST
19.6 MOUNTING TYPE
19.6.1 MARKET SIZE & FORECAST
19.7 FERTILIZER TYPE
19.7.1 MARKET SIZE & FORECAST
19.8 KEY COUNTRIES
19.8.1 TURKEY: MARKET SIZE & FORECAST
19.8.2 SOUTH AFRICA: MARKET SIZE & FORECAST
20 COMPETITIVE LANDSCAPE
20.1 COMPETITION OVERVIEW
21 KEY COMPANY PROFILES
21.1 AGCO CORPORATION
21.1.1 BUSINESS OVERVIEW
21.1.2 PRODUCT OFFERINGS
21.1.3 KEY STRATEGIES
21.1.4 KEY STRENGTHS
21.1.5 KEY OPPORTUNITIES
21.2 CNH INDUSTRIAL
21.3 DEERE & COMPANY
21.4 KUHN GROUP
21.5 AMAZONEN-WERKE H. DREYER SE & CO. KG
22 OTHER PROMINENT VENDORS
22.1 ADAMS FERTILIZER EQUIPMENT
22.1.1 BUSINESS OVERVIEW
22.1.2 PRODUCT OFFERINGS
22.2 EUROSPAND CAVALLO
22.3 CEA AGRIMIX
22.4 MONTAG MFG
22.4.1 BUSINESS OVERVIEW
22.4.2 PRODUCT OFFERINGS
22.5 SALFORD GROUP
22.5.1 BUSINESS OVERVIEW
22.5.2 PRODUCT OFFERINGS
22.6 CLERIS
22.6.1 BUSINESS OVERVIEW
22.6.2 PRODUCT OFFERINGS
22.7 TAKAKITA
22.7.1 BUSINESS OVERVIEW
22.7.2 PRODUCT OFFERINGS
22.8 ENOROSSI
22.8.1 BUSINESS OVERVIEW
22.8.2 PRODUCT OFFERINGS
22.9 VERVAET
22.9.1 BUSINESS OVERVIEW
22.9.2 PRODUCT OFFERINGS
22.10 KUXMANN
22.10.1 BUSINESS OVERVIEW
22.10.2 PRODUCT OFFERINGS
23 REPORT SUMMARY
23.1 KEY TAKEAWAYS
23.2 STRATEGIC RECOMMENDATIONS
24 QUANTITATIVE SUMMARY
24.1 MARKET BY GEOGRAPHY
24.2 MARKET BY MOUNTING TYPE
24.3 MARKET BY FERTILIZER TYPE
25 APPENDIX
25.1 ABBREVIATIONS
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