Global market outlook for fertilizer spreaders

The growing demand for fertilizers to improve the production yield is boosting the sales of new fertilizer spreader across the globe. Vendors have come up with new models of spreaders with improved features such as extended spreading widths, intelligent speed monitoring systems to enhance spreading accuracy, and slow releasing fertilizer spreaders, which help in accurate fertilizer application and maintaining the quality of the soil. Other improvisations in the spreaders include LED rear lighting systems, increased hopper capacities, and section shut-off systems. Such technological advancements and improved features will accelerate the volume sales of fertilizer spreaders during the forecast period. Technavio’s market research analyst predicts the global fertilizer spreader market to grow at a CAGR of more than 6% by 2020.

As per this market research analysis, the fertilizer market is witnessing huge implementation of precision farming practices. Precision fertilizer spreaders help to improve crop yields and ramp up production through calibration systems to regulate the quantity of fertilizer and mass flow controllers to monitor the amount of fertilizer required per subplot. Also, these spreaders help in soil mapping, soil nutrient software packages to determine fertilizer application, and use satellite technology to guide fertilizer application. KUHN, AMAZONE, BBI, and Sulky are some of the popular brands for precision fertilizer spreaders in the market.

Segmentation by product type and analysis of the fertilizer spreader market

• Broadcast spreaders
• Drop spreaders

The broadcast spreader segment dominated the market in 2015 and accounted for around 64% of the total market share. These spreaders are also known as rotary spreaders or centrifugal spreaders and are mainly used for spreading granular fertilizers. Consolidation of farmland will positively influence the growth of this segment in the coming years as these spreaders are primarily suitable for use in large farms. Also, the vendors are introducing new broadcast spreaders with improved features such as balanced fertilizer distribution, GPS speed sensors to maintain the right speed, and pressure-based nozzle control systems to ensure a consistent pattern in the spreading of fertilizer.

Geographical segmentation and analysis of the fertilizer spreader market

• Americas
• APAC
• EMEA

APAC will continue its dominance in the market during the forecast period and is expected to occupy more than 60% of the overall market share by 2020. Rising dependence on fertilizers for improved crop productivity is a major factor contributing to the region's high market share. The increasing focus on the quality of crop production has prompted farmers to use phosphorous and potassium fertilizers, thereby boosting the sales of fertilizer spreaders in the region.

Competitive landscape and key vendors

This market is characterized by the presence of a limited number of established players. Vendors are making huge investments in research activities to offer improved quality and modified fertilizer spreaders. They are also focusing on the development of premium quality fertilizer spreaders, which help in the accurate application of fertilizers. The level of competition in the market is expected to intensify in the coming years due to the growth in strategic alliances and new product launches.

Leading vendors in the market are -

• AGCO
• CLAAS
• Kubota
• KUHN
• Deere & Company

Other prominent vendors in the fertilizer spreader market include Adams Fertilizer Equipment, BOGBALLE, Earthway Products, Farmec Sulky, Great Plains, KRM, Kverneland Group, Salford Group, Scotts, Sulk Burrel, and Teagle.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global fertilizer spreader market?
• What are the key market trends impacting the growth of the global fertilizer spreader market?
• What are the challenges to market growth?
• Who are the key vendors in the global fertilizer spreader market?
• What are the market opportunities and threats faced by the vendors in the global fertilizer spreader market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fertilizer spreader market?

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