Soil Aerators Market: Global Outlook, Trends, and Forecast to 2023

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 soil aerators market include Deere & Company (US), Bucher Industries (Switzerland), CNH Industrial (UK), ALAMO (US), and AGCO Corporation (US). Buhler Industries (India), LEMKEN (Germany), Salford Group (Canada), Evers Agro (the Netherlands) are other players that hold a significant share in the soil aerators market.

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Deere & Company is one of the active players in the soil aerators market; it is involved in manufacturing and distributing a broad range of agricultural and construction equipment and related services across the globe. It offers soil aeration equipment, weeding machines, and secondary and primary tillage tools through its agriculture and turf division, and supplies them through its connected network of dealers across the globe. The company, through its soil aerators segment, caters to commercial, residential, and golf & sports turf care industries. The company invests in technological upgradation in order to better serve its customers across the globe.

CNH Industrial was incorporated by the merger of Fiat Industrial S.p.A. and its subsidiary, CNH Global N.V. It is involved in the design, manufacture, marketing, distribution, and financing of agricultural and construction equipment, commercial vehicles, trucks, buses, and specialty vehicles for defense and firefighting, among other uses. It offers soil aeration equipment through the agricultural equipment division under brands such as New Holland Agriculture and Case IH Agriculture, Steyr in Europe, and Miller in Australia and North America. In January 2017, the company’s agriculture division, New Holland Agriculture, acquired Kongskilde Agriculture, a developer, and manufacturer of solutions for agricultural applications in the tillage and soil aeration market. This is expected to provide a significant product portfolio extension for tillage.

Bucher Industries is a machinery and construction company. The company designs, manufactures, and sells soil aerators namely, secondary tillage, primary tillage, weeders for farm & landscape maintenance, and hay & forage harvesting maintenance through its division, Kuhn Group. The Kuhn Group held approximately 2,000 patents, worldwide, as of 2016. It distributes its products through a network of dealers across Europe, North America, South America, the Middle East, Asia Pacific, and Africa. The company continues to focus on the agricultural machinery market by continuously introducing new products. It also focuses on updating its current products with new technical innovations for farming, which may boost its share in the agricultural machinery market.

The soil aerators market, by application, has been segmented into agriculture and non-agriculture. The market, by application, was dominated by the agriculture segment in 2018. The dominance of agriculture in soil aerators is attributable to the increase in large-scale holdings of farmers in most developed countries and an increasing trend of farm mechanization in developing countries. The emerging trends in agricultural technology include a variety of multifunctional equipment, which are aligned with sensors, and are automated/hydraulic; these equipment focused by agricultural machinery manufacturers led the farmers to increase their crop yield to meet the rising demand for food products, worldwide.

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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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Created on Jul 29th 2021 06:19. Viewed 141 times.

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