Laser Land Levelers Market
Laser Land Levelers Market Forecasts to 2030 - Global Analysis By Type (Rotary Laser Land Levelers, Plain Level Laser Land Levelers, Dot Laser Land Levelers and Other Types), Application (Landscaping, Seeding and Plantation, Agriculture, Construction and Other Applications) and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $797.55 MN |
|
Projected Year Value (2030) |
US $1374.85 MN |
|
CAGR (2023 - 2030) |
8.09% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Laser Land Levelers Market is accounted for $797.55 million in 2023 and is expected to reach $1374.85 million by 2030 growing at a CAGR of 8.09% during the forecast period. Innovative agricultural instruments called laser land levelers use laser technology to precisely level and grade farmland. These devices employ a laser transmitter to project a light plane across the field, and the land leveler's receiver modifies the equipment's height in response to the laser signal. This guarantees precise and even terrain leveling, maximizing irrigation effectiveness, and encouraging consistent crop growth.
According to the Agricultural Equipment Manufacturers Association, laser land levelers have become an integral part of modern farming practices, revolutionizing the way farmers manage their land and significantly improving overall agricultural efficiency.
Market Dynamics:
Driver:
Increasing knowledge of precision farming
The increased awareness of precision agriculture's benefits among farmers is closely linked to the sharp increase in the use of laser land levelers. Laser land levelers provide an accurate and automated way to grade and level fields as farmers look to maximize their land management techniques. Furthermore, modern farmers who want to increase their overall agricultural efficiency will find these tools appealing because they can produce consistent and accurate land profiles, which lead to higher crop yields.
Restraint:
Initial capital expenditure
The initial capital expenditure needed for laser land levelers is a major barrier to their widespread adoption. For small and medium-sized farmers with limited funding, the expense of acquiring and putting this cutting-edge technology into practice may be a barrier. However, even though laser land levelers have longer-term advantages such as greater yields and efficiency, some farmers may find the upfront costs prohibitive, which would hinder the technology's overall market penetration.
Opportunity:
Growing interest in eco-friendly farming
A major opportunity exists for laser land levelers due to the growing global emphasis on sustainable agricultural practices. By conserving water, cutting down on input costs, and encouraging effective land management, these tools support sustainable farming practices. Additionally, in order to achieve these sustainability goals, laser land levelers are expected to be essential tools as the market for ecologically and resource-conscious farming techniques expands.
Threat:
Competitive market structure
The market for laser land levelers is highly competitive due to the entry of multiple manufacturers competing for market share. Strong rivalry can result in problems like pricing wars, which can reduce businesses profit margins. It becomes imperative to maintain a competitive edge, which calls for constant innovation, potent marketing techniques, and differentiation to withstand the demands of a crowded market. Moreover, businesses are being forced to strategically position themselves and provide distinctive value propositions to customers as a result of the impending threat of market saturation and decreased profitability.
Covid-19 Impact:
The market has experienced various effects due to the COVID-19 pandemic. Manufacturers are facing logistical challenges and production delays as a result of labor shortages, supply chain disruptions, and mobility restrictions. Many farmers have been forced by the negative effects on the economy to reconsider their capital expenditures, which may mean postponing purchases of laser land levelers and other precision farming tools. Furthermore, as the industry looks for resilient ways to manage uncertainty and maximize productivity in the post-pandemic landscape, the epidemic has also brought attention to the significance of technologies that improve sustainability and efficiency in agriculture, which could hasten the adoption of laser land levelers.
The Rotary Laser Land Levelers segment is expected to be the largest during the forecast period
The market for laser land levelers is expected to have the largest share in the Rotary Laser Land Levelers segment. Due to their efficiency and versatility, rotary laser land levelers are the preferred choice for large-scale agricultural operations. These tools evaluate the topography using a revolving laser beam, enabling accurate and reliable land leveling. Additionally, farmers seeking the best land grading are highly interested in them because of their advanced features, which include GPS integration and automatic slope control, as well as their ability to cover large areas rapidly.
The Construction segment is expected to have the highest CAGR during the forecast period
In the laser land levelers market, the construction segment is projected to have the highest CAGR. Laser land levelers have become increasingly popular in the construction industry because of their accuracy and productivity when it comes to grading and site preparation. In order to minimize manual labor, ensure precise grading, and enhance the foundation preparation process in building projects, laser land levelers are essential. Moreover, the strong expansion of the construction segment can be attributed to the growing need for cutting-edge technologies that expedite project completion, increase construction efficiency, and reduce errors.
Region with largest share:
It is projected that the laser land leveling market will hold the largest share in the North American region. Precision farming and advanced agricultural technologies have become widely adopted in the region, which can be attributed to their dominance. Farmers in North America are spending more and more money on laser land levelers in an effort to maximize crop productivity, improve irrigation efficiency, and grade their land more effectively. Furthermore, the region's substantial market share can also be attributed to the existence of well-established agricultural infrastructure, government initiatives that are supportive, and rising public awareness of the advantages of precision agriculture.
Region with highest CAGR:
The laser land leveling market is growing at the highest CAGR in the Asia-Pacific region. Modern farming techniques and the growing adoption of precision agriculture practices are driving this region's notable growth. Asia-Pacific farmers are increasingly using laser land levelers as a means of optimizing land use, achieving sustainable agricultural practices, and improving irrigation efficiency. Additionally, the agricultural environment in the area is changing quickly thanks to government programs, technological developments, and rising public awareness of the advantages of precision farming.
Key players in the market
Some of the key players in Laser Land Levelers market include Hexagon AB, Trimble Inc., Mahindra and Mahindra Ltd., AgriPak, Dasmesh Mechanical Works Pvt. Ltd., Machino Agriculture Implements Pvt. Ltd., Canamek System Inc, Moba Mobile Automation AG, Rajasthan Mechanical Works Ltd., Mitsui and co. Ltd., Saron Mechanical Works, TK Agro Industries, Osaw Udyog Pvt. Ltd., Jaycee Strips and Fasteners Pvt. Ltd. and Deere and Co.
Key Developments:
In February 2024, Mahindra & Mahindra and the Volkswagen Group have signed an agreement under which Volkswagen’s MEB (Volkswagen open platform for electric vehicles) will be supplied for Mahindra’s purpose-built electric platform INGLO. With the agreement, Volkswagen and Mahindra are deepening their collaboration, which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate a potential expansion of the collaboration, M&M informed the stock exchanges.
In October 2023, Trimble announced a definitive agreement to form a joint venture with AGCO to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market. In aggregate, Trimble expects approximately $ 3 billion in value from the transaction from pre-tax cash proceeds, Trimble’s 15 percent stake in the joint venture, and the related commercial agreements.
In July 2023, Hexagon AB, a provider of digital reality solutions, combining sensor, software and autonomous technologies, has announced an agreement with diversified mining company Mineral Resources (MinRes) to provide an autonomous haulage solution for a fleet of 120 fully autonomous road trains in Australia, which will transform safety, productivity and sustainability in the region.
Types Covered:
• Rotary Laser Land Levelers
• Plain Level Laser Land Levelers
• Dot Laser Land Levelers
• Other Types
Applications Covered:
• Landscaping
• Seeding and Plantation
• Agriculture
• Construction
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Laser Land Levelers Market, By Type
5.1 Introduction
5.2 Rotary Laser Land Levelers
5.3 Plain Level Laser Land Levelers
5.4 Dot Laser Land Levelers
5.5 Other Types
6 Global Laser Land Levelers Market, By Application
6.1 Introduction
6.2 Landscaping
6.3 Seeding and Plantation
6.4 Agriculture
6.5 Construction
6.6 Other Applications
7 Global Laser Land Levelers Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Hexagon AB
9.2 Trimble Inc.
9.3 Mahindra and Mahindra Ltd.
9.4 AgriPak
9.5 Dasmesh Mechanical Works Pvt. Ltd.
9.6 Machino Agriculture Implements Pvt. Ltd.
9.7 Canamek System Inc
9.8 Moba Mobile Automation AG
9.9 Rajasthan Mechanical Works Ltd.
9.10 Mitsui and co. Ltd.
9.11 Saron Mechanical Works
9.12 TK Agro Industries
9.13 Osaw Udyog Pvt. Ltd.
9.14 Jaycee Strips and Fasteners Pvt. Ltd.
9.15 Deere and Co.
List of Tables
1 Global Laser Land Levelers Market Outlook, By Region (2021-2030) ($MN)
2 Global Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
3 Global Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
4 Global Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
5 Global Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
6 Global Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
8 Global Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
9 Global Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
10 Global Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
11 Global Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
12 Global Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
13 North America Laser Land Levelers Market Outlook, By Country (2021-2030) ($MN)
14 North America Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
15 North America Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
16 North America Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
17 North America Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
18 North America Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
19 North America Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
20 North America Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
21 North America Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
22 North America Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
23 North America Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
24 North America Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
25 Europe Laser Land Levelers Market Outlook, By Country (2021-2030) ($MN)
26 Europe Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
27 Europe Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
28 Europe Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
29 Europe Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
30 Europe Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
31 Europe Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
32 Europe Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
33 Europe Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
34 Europe Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
35 Europe Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
36 Europe Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
37 Asia Pacific Laser Land Levelers Market Outlook, By Country (2021-2030) ($MN)
38 Asia Pacific Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
39 Asia Pacific Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
40 Asia Pacific Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
41 Asia Pacific Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
42 Asia Pacific Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
43 Asia Pacific Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
44 Asia Pacific Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
45 Asia Pacific Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
46 Asia Pacific Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
47 Asia Pacific Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
48 Asia Pacific Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
49 South America Laser Land Levelers Market Outlook, By Country (2021-2030) ($MN)
50 South America Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
51 South America Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
52 South America Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
53 South America Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
54 South America Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
55 South America Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
56 South America Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
57 South America Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
58 South America Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
59 South America Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
60 South America Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
61 Middle East & Africa Laser Land Levelers Market Outlook, By Country (2021-2030) ($MN)
62 Middle East & Africa Laser Land Levelers Market Outlook, By Type (2021-2030) ($MN)
63 Middle East & Africa Laser Land Levelers Market Outlook, By Rotary Laser Land Levelers (2021-2030) ($MN)
64 Middle East & Africa Laser Land Levelers Market Outlook, By Plain Level Laser Land Levelers (2021-2030) ($MN)
65 Middle East & Africa Laser Land Levelers Market Outlook, By Dot Laser Land Levelers (2021-2030) ($MN)
66 Middle East & Africa Laser Land Levelers Market Outlook, By Other Types (2021-2030) ($MN)
67 Middle East & Africa Laser Land Levelers Market Outlook, By Application (2021-2030) ($MN)
68 Middle East & Africa Laser Land Levelers Market Outlook, By Landscaping (2021-2030) ($MN)
69 Middle East & Africa Laser Land Levelers Market Outlook, By Seeding and Plantation (2021-2030) ($MN)
70 Middle East & Africa Laser Land Levelers Market Outlook, By Agriculture (2021-2030) ($MN)
71 Middle East & Africa Laser Land Levelers Market Outlook, By Construction (2021-2030) ($MN)
72 Middle East & Africa Laser Land Levelers Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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