Soil Aerators Market Expected to Reach $33.01 Billion by 2023


Posted October 19, 2020 by mitakumar2

The population growth, increase in demand for food, rising net farm income due to mechanization, along with a shift towards organic farming are some of the major driving factors for the soil aerators market.
 
The soil aerators market is estimated to be valued at USD 24.03 Billion in 2018 and is projected to reach USD 33.01 Billion by 2023, at a CAGR of 6.6%. The market is driven by the global increase in mechanization in farming, shrinking arable land, growth in net farming income, and rapid increase in commercial and residential space, leading to the growing demand for landscaping.

Key Players in the Market:

• Deere & Company (US)

• Mahindra and Mahindra (India)

• Bucher Industries (Switzerland)

• CNH Industrial (UK)

• ALAMO (US)

• AGCO Corporation (US)

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Target Audience:

• Agricultural & farming industry

• Farmers

• R&D institutes & laboratories

• Soil aerator manufacturers

• Regulatory bodies

• Crop and turf producers and suppliers

• Intermediary suppliers

• Pre-harvest agri and soil aerating equipment manufacturers

• Pre-harvest agri and soil aerator suppliers and distributors

• R&D institutes

Scope of the Report:

This research report categorizes the soil aerators market based on equipment type, mechanism, and mode of operation, application, and region.

Based on the equipment type the market has been segmented as follows:

• Primary tillage equipment

• Secondary tillage equipment

• Weeding equipment

• Soil aerating equipment

Based on the mechanism the market has been segmented as follows:

• Mechanical

• Pneumatic

Based on the Mode of Operation the market has been segmented as follows:

• Mounted

• Trailed

• Others

Based on the application the market has been segmented as follows:

• Agriculture

• Non-agriculture

Based on the region the market has been segmented as follows:

• North America

• Europe

• Asia Pacific

• RoW (South America, the Middle East, and Africa)

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Geographic Prominence:

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. Major growth drivers of the region include the adoption of smart, mechanized aerators owing to technological advancements in countries such as India, China, and Japan. In addition, factors such as an increase in footfall, overgrazing by livestock, the pressure exerted by heavy equipment, climatic conditions, strong government support through subsidies, and increased productivity requirements also drive the soil aerators market in the region.
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Issued By MarketsandMarkets™ INC.
Country United States
Categories Agriculture
Last Updated October 19, 2020