Global Subsoiler Market 2017-2021
A subsoiler is a tillage equipment that is used to break up compacted soil to improve the setting for growing crops. The subsoiler can plow about 2 feet into the soil. Various types of tillage used depending upon the purpose: subsoiling, deep plowing, and year-round tillage. Subsoilers are used as a part of preparatory cultivation in the process of primary tillage.
Technavio’s analysts forecast the global subsoiler market to grow at a CAGR of 4.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global subsoiler market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of subsoilers of various vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Subsoiler market 2017-2021
Technavio recognizes the following companies as the key players in the global subsoiler market: AGCO, Deere & Company, Great Plains Manufacturing, and Landoll
Other Prominent Vendors in the market are: Agrimir, Browns Agricultural, Evers Agro, Erth Engineering, LEMKEN, Lowery Manufacturing, Minos Agricultural Machinery, MOROARATRI, Pastò Agriculture, Stoess Manufacturing, and Unverferth.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased price of fuel. The increasing use of alternative fuels is one of the emerging trends spurring this market’s growth prospects in the coming years. Agricultural machinery works on fuel such as diesel and petrol. With the continuous increase in prices of these fuels, the farmers are increasingly focusing on the use of alternative fuels such as lubricant oils. For example, petroleum-based lubricants are being replaced with oil-based bio-lubricants. Although bio-lubricants are priced higher, they are increasingly preferred by farmers owing to the several benefits associated with their use, such as durability of fuel engine, low operating cost, and easy maintenance of machinery.”
According to the report, one of the major drivers for this market is Expansion of arable land. The improvement of arable land is also driving the market for subsoilers. Closing the yield gaps to attain potential yields is a viable option to increase the crop production and improve productivity. An essential component in closing the yield gaps is the timely replacement of agricultural equipment. This ensures smooth agricultural operations, cost reduction, improvement in productivity, and revenue generation. Therefore, farmers strive to increase efficiency by replacing older machinery with technologically advanced products such as subsoilers.
Further, the report states that one of the major factors hindering the growth of this market is Uncertainty of raw material prices for subsoilers. The cost of subsoilers is high, which includes the cost of raw materials like steel, rubber, glass, plastic, and iron. The volatility in the costs of raw materials is a major hindrance to the profit margin of the vendors. This poses a threat to the manufacturer producing efficient agricultural machinery at affordable prices.
AGCO, Deere & Company, Great Plains Manufacturing, Landoll, Agrimir, Browns Agricultural, Evers Agro, Erth Engineering, LEMKEN, Lowery Manufacturing, Minos Agricultural Machinery, MOROARATRI, Pastò Agriculture, Stoess Manufacturing, and Unverferth.
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