The soil aerators market is estimated to be valued at USD 24.03 billion in 2018 and is projected to reach 33.01 billion by 2023, at a CAGR of 6.6% from 2018. The market is driven by the shrinking arable land, population growth & increase in demand for food, increase in net farm income due to mechanization, and a shift toward organic farming. Small and fragmented land holding restricting the usage of heavy farm equipment is the major restraint for the growth of this market.
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Market Dynamics
Drivers
Restraints
- Shrinking Arable Land
- Population Growth and Increase in Demand for Food
- Increase in Residential and Commercial Landscaping
- Increase in Net Farm Income Due to Mechanization
- Shift Toward Organic Farming
- Small and Fragmented Land Holding Restricting the Usage of Heavy Farm Equipment
Opportunities
- Innovations in Soil Aerator Types
Challenges
- Lack of Awareness of Soil Aerators
- Rise in No-Tillage Farming in the Us
Browse in-depth TOC on “Soil Aerators Market“
73 – Tables
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The Asia Pacific market is estimated to be the largest in 2018, owing to the rising urbanization and standard of living, an increase in footfall, overgrazing by livestock, the pressure exerted by heavy equipment, climatic conditions, strong government support through subsidies, and increased productivity requirements. The major factors driving the Asia Pacific market for soil aerators are the growth in farm mechanization levels, for both, the agricultural and non-agricultural sector, and reduced cost of production. The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023 and is driven by China, Japan, India, and Australia.
Key soil aerating service providing players include the following:
- Deere & Company (US)
- Alamo (US)
- AGCO Corporation (US)
- CNH Industrial (UK)
- Mahindra & Mahindra (India)
- Bucher Industry (Switzerland)
- Buhler Group (India)
- Evers Agro (Netherlands)
The key players in the soil aerators market adopted acquisitions as their key growth strategy to increase their market share and profits. Expansions and investments was the second most important growth strategy to be adopted by market players.
