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According to Technavio's analyst, the laser land levelers market size is expected to be valued at USD 166.57 million by 2026 with a progressing CAGR of 5.6%.
This laser land levelers market research report has covered details of key players and demographic segmentation that highlight potential growth areas and competition. Furthermore, the post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches.
Laser land levelers market segmentation: Type (rotary laser, plain level laser, and dot laser) and geography (North America, APAC, Europe, South America, and Middle East and Africa)
Laser land levelers market vendors: AgriPak Group, Beri Udyog Pvt. Ltd., Bharat Engineering Co., CANAMEK Systems Inc., Celec Enterprises, DASMESH Mechanical Works Pvt. Ltd., Deere and Co., Hexagon AB, Jaycee Strips and Fasteners Pvt. Ltd., KS Agrotech Pvt. Ltd., Mara Srl, MOBA Mobile Automation AG, Osaw Udyog Pvt. Ltd., PDC Agro Works, Raj Hydraulics, Rajasthan Mechanical Works Ltd., Saron Mechanical Works, Topcon Positioning Systems Inc., Trimble Inc., and Machino Agriculture Implements Pvt. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for water-saving technologies in agriculture is notably driving the laser land levelers market growth, although factors such as rising adoption of alternative land leveling methods may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser land levelers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Laser Land Levelers Market Driver
One of the key factors driving the global laser land levelers industry growth is the growing demand for water-saving technologies in agriculture owing to climate changes and limited water resources. Laser leveled land displays a homogenous surface with improved water distribution, negligible water loss, and high irrigation water application efficiency. Thus, webinars are organized to aware farmers of the benefits of laser land levelers. For instance, in November 2021, the International Rice Research Institute (IRRI) and Philippine Rice Research Institute (PhilRice) WateRice project conducted a webinar on laser land leveling and mechanical transplanting. The goal is to enhance the farmers' incomes through sustainably intensified rice production systems with appropriate technologies. Such initiatives will support the market growth during the forecast period.
Key Laser Land Levelers Market Trend
Rising demand for climate-smart practices that save scarce resources for agriculture is one of the key laser land levelers market trends that is expected to impact the industry positively in the forecast period. Government bodies are also allocating budgets to support farmers and promote climate-smart practices. For instance, In February 2022, the Canadian government announced the allocation of funds for USD 187.7 million to 12 recipient organizations in the agriculture sector to provide direct support to farmers in lower emissions and improving resiliency to climate change. Laser land leveling contributes to sustainable agriculture, which helps minimize the impact of climate change on agriculture. Therefore, such factors will further support the growth of the global laser land levelers market in the coming years.
Key Laser Land Levelers Market Challenge
One of the key challenges to the global laser land leveler industry growth is the rising adoption of alternative land leveling methods. For instance, machinery such as plows, bars, scrapers, grading blades, laser land levelers, and hydraulically operated levelers mounted on wheels are used with tractors. In addition, farmers also prefer cost-effective types of machinery for agriculture operations. Laser land levelers are expensive compared with the other methods of land leveling. Hence, the inclination toward other methods for land leveling may limit the growth of the market in focus during the forecast period.
This laser land levelers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global laser land levelers market as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laser land levelers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the laser land levelers market encompasses successful business strategies deployed by the key vendors. The laser land levelers market is fragmented and the vendors are deploying growth the following strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laser land levelers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the laser land levelers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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33% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for laser land levelers in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The government and NGO's initiatives to raise awareness regarding climate-smart agricultural practices will facilitate the laser land levelers market growth in APAC over the forecast period. For instance, the Agricultural Stabilization and Conservation Service (ASCS) cost-sharing program promote laser leveling by lowering investment costs.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Owing to the rising number of fatalities from COVID-19, many North American countries, including the US, Canada, and Mexico, implemented nationwide lockdowns in 2020, which resulted in the temporary closure of manufacturing units. Further, agriculture activities in the region were halted for a short period of time in 2020, which reduced the demand for machinery for irrigation systems. This adversely impacted the growth of the laser land levelers market in North America in 2020. However, the ongoing vaccination drives and the resumption of manufacturing units in the region have increased the demand for laser land levelers in the agriculture sector. Thus, the market in focus will grow during the forecast year
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The laser land levelers market share growth by the rotary laser segment will be significant during the forecast period. The high demand for rotary laser land levelers, as they are heavier and bigger in size and can be used for indoor and outdoor land leveling applications, will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laser land levelers market size and actionable market insights on post COVID-19 impact on each segment.
Tunable Laser market - The market share is expected to increase by USD 532.78 million from 2021 to 2026, at a CAGR of 8.67%.
Land Surveying Equipment market - The market share is expected to increase to USD 3.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%.
Land Based Smart Weapons market - The market share is expected to increase by USD 2.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.69%.
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Laser Land Levelers Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
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Market growth 2022-2026 |
$ 166.57 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.12 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key consumer countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AgriPak Group, Beri Udyog Pvt. Ltd., Bharat Engineering Co., CANAMEK Systems Inc., Celec Enterprises, DASMESH Mechanical Works Pvt. Ltd., Deere and Co., Hexagon AB, Jaycee Strips and Fasteners Pvt. Ltd., KS Agrotech Pvt. Ltd., Mara Srl, MOBA Mobile Automation AG, Osaw Udyog Pvt. Ltd., PDC Agro Works, Raj Hydraulics, Rajasthan Mechanical Works Ltd., Saron Mechanical Works, Topcon Positioning Systems Inc., Trimble Inc., and Machino Agriculture Implements Pvt. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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