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Global Fertilizer Spreader Market to reach USD 1044.95 million by the end of 2029

Global Fertilizer Spreader Market Size study & Forecast, by Type (Drop Spreader, Broadcast Spreader), by Application (Farm, Public Gardens, Others) and Regional Analysis, 2022-2029

Product Code: OIRAL-10359433
Publish Date: 25-01-2023
Page: 200

Global Fertilizer Spreader Market is valued at approximately USD 691.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. A fertilizer spreader is a device that is used for scattering bulk materials, especially manure or fertilizer across public gardens, farms, home lawns, and in commercial turf applications. Factors such as the flourishing development of the agriculture sector, an increasing number of government initiatives to provide subsidies on these products, and low-interest rates, coupled with the growing inclination towards the adoption of automated agriculture equipment are driving the market growth globally.

The surging demand for fertilizers across farms is fueling the demand for fertilizer spreaders because of the shortage of labor across developing countries. According to Statista, in 2019, the market for complex fertilizers accounted for around USD 42 billion worldwide. Also, it is anticipated that the market for complex fertilizers reaches over USD 55 billion by 2027. Therefore, the high demand for fertilizer is augmenting the growth of the market. Moreover, rising technological advancements in the fertilizer spreader, as well as the increased focus on research and development are presenting various lucrative opportunities over the forecasting years. However, the fluctuation in raw material prices and lack of awareness about the availability of fertilizer spreaders is hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Fertilizer Spreader Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growth of the agriculture industry, along with the surging demand for machines for farming. Whereas, Europe is expected to grow with the highest growth rate during the forecast period, owing to factors such as the growing technology adoption and high per capita income in the market space.

Major market players included in this report are:
Deere & Company
Kubota Corporation
Mahindra & Mahindra Ltd.
AGCO Corporation
CNH Industrial N.V.
Claas KGaA mbH
Bucher Industries AG (KUHN Group)
Adams Fertilizer Equipment
Dalton AG Inc
Teagle Machinery Ltd

Recent Developments in the Market:
 In December 2020, KRM announced the introduction of an ISOBus fertilizer spreader with a belt feeding system that is specially designed for farm and public garden applications. It is tractor-mounted spreading equipment that features an ISOBus control system and spreads up to 40 meters.
 In March 2021, Giltrap Engineers declared the launch of its new WideTrec fertilizer spreader, which is a cost-effective automatic electronic system. The product is available with capacities of 4, 6, or 8 tons with a robust spreader with a spreading rate of 40 to 5000 kg/hectors.
 In January 2021 – Rauch Landmaschinenfabrik GmbH unveiled the introduction of a pneumatic fertilizer spreader for three-point attachment. The product offers features such as ISOBus control and is easy to use,along with it has a hopper capacity of 1,900 litres to 3,200 litres and uses centrifugal discs and distributes seeds or fertilizers by using its rods.

Global Fertilizer Spreader Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Drop Spreader
Broadcast Spreader By Application:
Public Gardens
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Fertilizer Spreader Market, by Region, 2019-2029 (USD Million)
1.2.2. Fertilizer Spreader Market, by Type, 2019-2029 (USD Million)
1.2.3. Fertilizer Spreader Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fertilizer Spreader Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fertilizer Spreader Market Dynamics
3.1. Fertilizer Spreader Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Flourishing development of the agriculture sector Surging demand for fertilizers across farms
3.1.2. Market Challenges Fluctuation in raw material prices Lack of awareness about the availability of fertilizer spreaders
3.1.3. Market Opportunities Rising technological advancements in the fertilizer spreader Increased focus on research and development
Chapter 4. Global Fertilizer Spreader Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Fertilizer Spreader Market, by Type
6.1. Market Snapshot
6.2. Global Fertilizer Spreader Market by Type, Performance – Potential Analysis
6.3. Global Fertilizer Spreader Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Fertilizer Spreader Market, Sub Segment Analysis
6.4.1. Drop Spreader
6.4.2. Broadcast Spreader
Chapter 7. Global Fertilizer Spreader Market, by Application
7.1. Market Snapshot
7.2. Global Fertilizer Spreader Market by Application, Performance – Potential Analysis
7.3. Global Fertilizer Spreader Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Fertilizer Spreader Market, Sub Segment Analysis
7.4.1. Farm
7.4.2. Public Gardens
7.4.3. Others
Chapter 8. Global Fertilizer Spreader Market, Regional Analysis
8.1. Fertilizer Spreader Market, Regional Market Snapshot
8.2. North America Fertilizer Spreader Market
8.2.1. U.S. Fertilizer Spreader Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Fertilizer Spreader Market
8.3. Europe Fertilizer Spreader Market Snapshot
8.3.1. U.K. Fertilizer Spreader Market
8.3.2. Germany Fertilizer Spreader Market
8.3.3. France Fertilizer Spreader Market
8.3.4. Spain Fertilizer Spreader Market
8.3.5. Italy Fertilizer Spreader Market
8.3.6. Rest of Europe Fertilizer Spreader Market
8.4. Asia-Pacific Fertilizer Spreader Market Snapshot
8.4.1. China Fertilizer Spreader Market
8.4.2. India Fertilizer Spreader Market
8.4.3. Japan Fertilizer Spreader Market
8.4.4. Australia Fertilizer Spreader Market
8.4.5. South Korea Fertilizer Spreader Market
8.4.6. Rest of Asia Pacific Fertilizer Spreader Market
8.5. Latin America Fertilizer Spreader Market Snapshot
8.5.1. Brazil Fertilizer Spreader Market
8.5.2. Mexico Fertilizer Spreader Market
8.5.3. Rest of Latin America Fertilizer Spreader Market
8.6. Rest of The World Fertilizer Spreader Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Deere & Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Kubota Corporation
9.2.3. Mahindra & Mahindra Ltd.
9.2.4. Agco Corporation
9.2.5. CNH Industrial N.V.
9.2.6. Claas KGaA mbH
9.2.7. Bucher Industries AG (KUHN Group)
9.2.8. Adams Fertilizer Equipment
9.2.9. Dalton AG Inc
9.2.10. Teagle Machinery Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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