Agricultural sprayers market projected to grow at a CAGR of 7.12%
The Agricultural Sprayers Market has grown in the last few years and is estimated to reach USD 1.86 billion by 2017. It is projected to reach USD 2.63 billion by 2022 at a CAGR of 7.12% from 2017, in terms of value. The agricultural sprayers market is driven extensive changes in farming and spraying technologies. Moreover, increasing focus on farm efficiency and productivity, rising production of cereals & grains in Asian countries, and government support towards modern agricultural techniques are some of the major drivers driving the growth of the agricultural sprayers market. The major restraining factor for the agricultural sprayers market is the high initial investment. The types such as self-propelled and aerial sprayers need high initial investments, efficient farming tools, and skilled & knowledgeable farmers or growers.
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The trailed segment to dominate the agricultural sprayers market through 2022
In 2016, the trailed segment accounted for the largest share of the agricultural sprayers market in terms of value. Trailed sprayers are mounted on a trailer and dragged by an agricultural tractor. These sprayers are applicable to those tractors that are able to carry high loads on their rear linkages. These sprayers tend to be very economical and efficient for medium and large farms which are still adopted by the farmers globally.
Asia Pacific is projected to be the largest region in the agricultural sprayers market in 2022
The Asia Pacific region is projected to grow at the highest CAGR between 2017 and 2022. It is also projected to dominate the agricultural sprayers market. Agriculture is the major occupation in this region and has a huge regional spread which comprises countries such as China, India, Australia, Japan, and Rest of Asia Pacific. Thus, the increasing agricultural practices, use of advanced technological farm equipment, and requirement of high-quality agricultural produce are expected to drive the agricultural sprayers market in this region.
Break-up of Primaries:
• By Company Type: Tier 1 – 34%, Tier 2 – 46%, and Tier 3 – 20%
• By Designation: C - Level Executives– 35%, Directors –55%, and Others* – 10%
• By Region: North America – 45%, Europe – 30%, Asia Pacific – 20%, RoW** - 5%.
*Others include sales managers, marketing managers, and product managers.
**RoW includes Africa and the Middle East.
The leading players in the agricultural sprayers market John Deere (US), CNH Industrial (UK), EXEL Industries (France), Kubota (Japan), AGCO Corporation (US), Bucher Industries (Switzerland), Mahindra & Mahindra (India), and STIHL (Germany)
The agricultural sprayers market is segmented on the basis of type, capacity, farm size, crop type, technology and key regions. On the basis of type, the market is segmented into handheld, self-propelled (low HP, medium HP, high HP); tractor-mounted; trailed; and aerial. On the basis of capacity, the market is segmented into ultra-low volume, low volume, & high volume. On the basis of farm size, the market is segmented into small, medium, & large. The crop type segment comprises cereals, oilseeds, fruits & vegetables, and others (turf and ornamentals, floriculture crops, permanent crops, pastures, grasslands, and other cultivations). The technology segment is further segmented into hydraulic nozzle spray technology, air-assisted electrostatic technology, variable rate technology, others (controlled droplet application (CDA), ultra-low volume spraying technology (ULV), targeted dispense technology and other sensor-based technologies). On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
Key Benefits of Buying the Report:
• To get a comprehensive overview of the agricultural sprayers market with specific reference to agricultural markets
• To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights of the major regions/countries in which the agricultural sprayers industry is flourishing
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