Variable Rate Technology (VRT) Market, Global Outlook and Forecast 2023-2029

Variable-rate technology (VRT) describes any technology which enables producers to vary the rate of crop inputs. VRT combines a variable-rate (VR) control system with application equipment to apply inputs at a precise time and/or location to achieve site-specific application rates of inputs.
This report aims to provide a comprehensive presentation of the global market for Variable Rate Technology (VRT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Rate Technology (VRT). This report contains market size and forecasts of Variable Rate Technology (VRT) in global, including the following market information:
Global Variable Rate Technology (VRT) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Variable Rate Technology (VRT) market was valued at US$ 1482.9 million in 2022 and is projected to reach US$ 2123.6 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Fertilizer VRT Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Variable Rate Technology (VRT) include Deere, Trimble, Agco Corporation, Kubota, Yara International Asa, Valmont Industries, Lindsay Corporation, Raven Industries and Ag Leader, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Variable Rate Technology (VRT) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Variable Rate Technology (VRT) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Variable Rate Technology (VRT) Market Segment Percentages, by Type, 2022 (%)
    Fertilizer VRT
    Crop Protection Chemical VRT
    Soil Sensing VRT
    Seeding VRT
    Yield Monitor VRT
    Irrigation VRT
    Others
Global Variable Rate Technology (VRT) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Variable Rate Technology (VRT) Market Segment Percentages, by Application, 2022 (%)
    Cereals & Grains
    Oilseeds & Pulses
    Fruits & Vegetables
    Others
Global Variable Rate Technology (VRT) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Variable Rate Technology (VRT) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Variable Rate Technology (VRT) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Variable Rate Technology (VRT) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Deere
    Trimble
    Agco Corporation
    Kubota
    Yara International Asa
    Valmont Industries
    Lindsay Corporation
    Raven Industries
    Ag Leader
Outline of Major Chapters:
Chapter 1: Introduces the definition of Variable Rate Technology (VRT), market overview.
Chapter 2: Global Variable Rate Technology (VRT) market size in revenue.
Chapter 3: Detailed analysis of Variable Rate Technology (VRT) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Variable Rate Technology (VRT) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.