Variable Rate Technology (VRT) Market, Global Outlook and Forecast 2022-2028

March 2022 | 67 pages | ID: VECE4833D621EN
Market Monitor Global

Abstracts

Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.

This report contains market size and forecasts of Variable Rate Technology (VRT) in Global, including the following market information:

Global Variable Rate Technology (VRT) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Variable Rate Technology (VRT) market was valued at 1482.9 million in 2021 and is projected to reach US$ 2123.6 million by 2028, at a CAGR of 5.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Fertilizer VRT Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Variable Rate Technology (VRT) include Deere, Trimble, Agco Corporation, Kubota, Yara International Asa, Valmont Industries, Lindsay Corporation, Raven Industries and Ag Leader. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Variable Rate Technology (VRT) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Variable Rate Technology (VRT) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Variable Rate Technology (VRT) Market Segment Percentages, by Type, 2021 (%)

• Fertilizer VRT
• Crop Protection Chemical VRT
• Soil Sensing VRT
• Seeding VRT
• Yield Monitor VRT
• Irrigation VRT
• Others

Global Variable Rate Technology (VRT) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Variable Rate Technology (VRT) Market Segment Percentages, by Application, 2021 (%)

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Global Variable Rate Technology (VRT) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Variable Rate Technology (VRT) Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Variable Rate Technology (VRT) revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Variable Rate Technology (VRT) revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Deere
• Trimble
• Agco Corporation
• Kubota
• Yara International Asa
• Valmont Industries
• Lindsay Corporation
• Raven Industries
• Ag Leader

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Variable Rate Technology (VRT) Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Variable Rate Technology (VRT) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL VARIABLE RATE TECHNOLOGY (VRT) OVERALL MARKET SIZE

2.1 Global Variable Rate Technology (VRT) Market Size: 2021 VS 2028
2.2 Global Variable Rate Technology (VRT) Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Variable Rate Technology (VRT) Players in Global Market
3.2 Top Global Variable Rate Technology (VRT) Companies Ranked by Revenue
3.3 Global Variable Rate Technology (VRT) Revenue by Companies
3.4 Top 3 and Top 5 Variable Rate Technology (VRT) Companies in Global Market, by Revenue in 2021
3.5 Global Companies Variable Rate Technology (VRT) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Variable Rate Technology (VRT) Players in Global Market
  3.6.1 List of Global Tier 1 Variable Rate Technology (VRT) Companies
  3.6.2 List of Global Tier 2 and Tier 3 Variable Rate Technology (VRT) Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Variable Rate Technology (VRT) Market Size Markets, 2021 & 2028
  4.1.2 Fertilizer VRT
  4.1.3 Crop Protection Chemical VRT
  4.1.4 Soil Sensing VRT
  4.1.5 Seeding VRT
  4.1.6 Yield Monitor VRT
  4.1.7 Irrigation VRT
  4.1.8 Others
4.2 By Type - Global Variable Rate Technology (VRT) Revenue & Forecasts
  4.2.1 By Type - Global Variable Rate Technology (VRT) Revenue, 2017-2022
  4.2.2 By Type - Global Variable Rate Technology (VRT) Revenue, 2023-2028
  4.2.3 By Type - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Variable Rate Technology (VRT) Market Size, 2021 & 2028
  5.1.2 Cereals & Grains
  5.1.3 Oilseeds & Pulses
  5.1.4 Fruits & Vegetables
  5.1.5 Others
5.2 By Application - Global Variable Rate Technology (VRT) Revenue & Forecasts
  5.2.1 By Application - Global Variable Rate Technology (VRT) Revenue, 2017-2022
  5.2.2 By Application - Global Variable Rate Technology (VRT) Revenue, 2023-2028
  5.2.3 By Application - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Variable Rate Technology (VRT) Market Size, 2021 & 2028
6.2 By Region - Global Variable Rate Technology (VRT) Revenue & Forecasts
  6.2.1 By Region - Global Variable Rate Technology (VRT) Revenue, 2017-2022
  6.2.2 By Region - Global Variable Rate Technology (VRT) Revenue, 2023-2028
  6.2.3 By Region - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Variable Rate Technology (VRT) Revenue, 2017-2028
  6.3.2 US Variable Rate Technology (VRT) Market Size, 2017-2028
  6.3.3 Canada Variable Rate Technology (VRT) Market Size, 2017-2028
  6.3.4 Mexico Variable Rate Technology (VRT) Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Variable Rate Technology (VRT) Revenue, 2017-2028
  6.4.2 Germany Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.3 France Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.4 U.K. Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.5 Italy Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.6 Russia Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.7 Nordic Countries Variable Rate Technology (VRT) Market Size, 2017-2028
  6.4.8 Benelux Variable Rate Technology (VRT) Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Variable Rate Technology (VRT) Revenue, 2017-2028
  6.5.2 China Variable Rate Technology (VRT) Market Size, 2017-2028
  6.5.3 Japan Variable Rate Technology (VRT) Market Size, 2017-2028
  6.5.4 South Korea Variable Rate Technology (VRT) Market Size, 2017-2028
  6.5.5 Southeast Asia Variable Rate Technology (VRT) Market Size, 2017-2028
  6.5.6 India Variable Rate Technology (VRT) Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Variable Rate Technology (VRT) Revenue, 2017-2028
  6.6.2 Brazil Variable Rate Technology (VRT) Market Size, 2017-2028
  6.6.3 Argentina Variable Rate Technology (VRT) Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Variable Rate Technology (VRT) Revenue, 2017-2028
  6.7.2 Turkey Variable Rate Technology (VRT) Market Size, 2017-2028
  6.7.3 Israel Variable Rate Technology (VRT) Market Size, 2017-2028
  6.7.4 Saudi Arabia Variable Rate Technology (VRT) Market Size, 2017-2028
  6.7.5 UAE Variable Rate Technology (VRT) Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Deere
  7.1.1 Deere Corporate Summary
  7.1.2 Deere Business Overview
  7.1.3 Deere Variable Rate Technology (VRT) Major Product Offerings
  7.1.4 Deere Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.1.5 Deere Key News
7.2 Trimble
  7.2.1 Trimble Corporate Summary
  7.2.2 Trimble Business Overview
  7.2.3 Trimble Variable Rate Technology (VRT) Major Product Offerings
  7.2.4 Trimble Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.2.5 Trimble Key News
7.3 Agco Corporation
  7.3.1 Agco Corporation Corporate Summary
  7.3.2 Agco Corporation Business Overview
  7.3.3 Agco Corporation Variable Rate Technology (VRT) Major Product Offerings
  7.3.4 Agco Corporation Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.3.5 Agco Corporation Key News
7.4 Kubota
  7.4.1 Kubota Corporate Summary
  7.4.2 Kubota Business Overview
  7.4.3 Kubota Variable Rate Technology (VRT) Major Product Offerings
  7.4.4 Kubota Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.4.5 Kubota Key News
7.5 Yara International Asa
  7.5.1 Yara International Asa Corporate Summary
  7.5.2 Yara International Asa Business Overview
  7.5.3 Yara International Asa Variable Rate Technology (VRT) Major Product Offerings
  7.5.4 Yara International Asa Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.5.5 Yara International Asa Key News
7.6 Valmont Industries
  7.6.1 Valmont Industries Corporate Summary
  7.6.2 Valmont Industries Business Overview
  7.6.3 Valmont Industries Variable Rate Technology (VRT) Major Product Offerings
  7.6.4 Valmont Industries Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.6.5 Valmont Industries Key News
7.7 Lindsay Corporation
  7.7.1 Lindsay Corporation Corporate Summary
  7.7.2 Lindsay Corporation Business Overview
  7.7.3 Lindsay Corporation Variable Rate Technology (VRT) Major Product Offerings
  7.7.4 Lindsay Corporation Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.7.5 Lindsay Corporation Key News
7.8 Raven Industries
  7.8.1 Raven Industries Corporate Summary
  7.8.2 Raven Industries Business Overview
  7.8.3 Raven Industries Variable Rate Technology (VRT) Major Product Offerings
  7.8.4 Raven Industries Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.8.5 Raven Industries Key News
7.9 Ag Leader
  7.9.1 Ag Leader Corporate Summary
  7.9.2 Ag Leader Business Overview
  7.9.3 Ag Leader Variable Rate Technology (VRT) Major Product Offerings
  7.9.4 Ag Leader Variable Rate Technology (VRT) Revenue in Global Market (2017-2022)
  7.9.5 Ag Leader Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Variable Rate Technology (VRT) Market Opportunities & Trends in Global Market
Table 2. Variable Rate Technology (VRT) Market Drivers in Global Market
Table 3. Variable Rate Technology (VRT) Market Restraints in Global Market
Table 4. Key Players of Variable Rate Technology (VRT) in Global Market
Table 5. Top Variable Rate Technology (VRT) Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Variable Rate Technology (VRT) Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Variable Rate Technology (VRT) Revenue Share by Companies, 2017-2022
Table 8. Global Companies Variable Rate Technology (VRT) Product Type
Table 9. List of Global Tier 1 Variable Rate Technology (VRT) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Variable Rate Technology (VRT) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Variable Rate Technology (VRT) Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Variable Rate Technology (VRT) Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Variable Rate Technology (VRT) Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Variable Rate Technology (VRT) Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Variable Rate Technology (VRT) Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Variable Rate Technology (VRT) Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Variable Rate Technology (VRT) Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Variable Rate Technology (VRT) Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Variable Rate Technology (VRT) Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Variable Rate Technology (VRT) Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Variable Rate Technology (VRT) Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Variable Rate Technology (VRT) Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Variable Rate Technology (VRT) Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Variable Rate Technology (VRT) Revenue, (US$, Mn), 2023-2028
Table 30. Deere Corporate Summary
Table 31. Deere Variable Rate Technology (VRT) Product Offerings
Table 32. Deere Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 33. Trimble Corporate Summary
Table 34. Trimble Variable Rate Technology (VRT) Product Offerings
Table 35. Trimble Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 36. Agco Corporation Corporate Summary
Table 37. Agco Corporation Variable Rate Technology (VRT) Product Offerings
Table 38. Agco Corporation Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 39. Kubota Corporate Summary
Table 40. Kubota Variable Rate Technology (VRT) Product Offerings
Table 41. Kubota Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 42. Yara International Asa Corporate Summary
Table 43. Yara International Asa Variable Rate Technology (VRT) Product Offerings
Table 44. Yara International Asa Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 45. Valmont Industries Corporate Summary
Table 46. Valmont Industries Variable Rate Technology (VRT) Product Offerings
Table 47. Valmont Industries Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 48. Lindsay Corporation Corporate Summary
Table 49. Lindsay Corporation Variable Rate Technology (VRT) Product Offerings
Table 50. Lindsay Corporation Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 51. Raven Industries Corporate Summary
Table 52. Raven Industries Variable Rate Technology (VRT) Product Offerings
Table 53. Raven Industries Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)
Table 54. Ag Leader Corporate Summary
Table 55. Ag Leader Variable Rate Technology (VRT) Product Offerings
Table 56. Ag Leader Variable Rate Technology (VRT) Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Variable Rate Technology (VRT) Segment by Type in 2021
Figure 2. Variable Rate Technology (VRT) Segment by Application in 2021
Figure 3. Global Variable Rate Technology (VRT) Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Variable Rate Technology (VRT) Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Variable Rate Technology (VRT) Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Variable Rate Technology (VRT) Revenue in 2021
Figure 8. By Type - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 9. By Application - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 10. By Region - Global Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 11. By Country - North America Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 12. US Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 16. Germany Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 17. France Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 24. China Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 28. India Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 30. Brazil Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Variable Rate Technology (VRT) Revenue Market Share, 2017-2028
Figure 33. Turkey Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Variable Rate Technology (VRT) Revenue, (US$, Mn), 2017-2028
Figure 37. Deere Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Trimble Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Agco Corporation Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Kubota Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Yara International Asa Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Valmont Industries Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Lindsay Corporation Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Raven Industries Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Ag Leader Variable Rate Technology (VRT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)