Agricultural Sprayers Market Analysis By Type (Self-propelled, Tractor-mounted, Trailed, Handheld, Aerial), By Power Source (Fuel-based, Electric & Battery-driven, Manual, Solar) & Forecast By - 2033
- PUBLISHED ON
- 2024-06-05
- NO OF PAGES
- 275
- CATEGORY
- Agriculture
Agricultural Sprayers market size was valued at USD 1,350 million in 2022 and is projected to reach USD 3,860 million by 2033, growing at a CAGR of 6.8% during the forecast period.
Report Attributes | Description |
Market Forecast in 2022 | USD 1,350 million |
Market Forecast in 2033 | USD 3,860 million |
CAGR % 2023-2033 | 6.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Deere & Company; AGCO Corporation; CNH Industrial N.V.; Bucher Industries AG; Horsch Maschinen GmbH; Kubota Corporation; Hardi International A/S; Lemken GmbH & Co. KG; Mahindra & Mahindra Ltd.; STIHL Holding AG & Co. KG |
Agricultural Sprayers Market- Description
The global agricultural sprayers market refers to the industry involved in the manufacturing and distribution of equipment used for spraying fertilizers, pesticides, and other chemicals onto crops to enhance their growth and protect them from pests and diseases.
Agricultural Sprayers market: Key Trends
• Increasing Adoption of Self-Propelled Sprayers
Self-propelled sprayers are witnessing increased adoption due to their efficiency and ease of use. These sprayers are equipped with powerful engines, advanced navigation systems, and large capacity tanks, enabling farmers to cover larger areas quickly.
• Growing Emphasis on Integrated Pest Management (IPM)
Integrated Pest Management is an approach that focuses on combining multiple pest control strategies, including biological controls and cultural practices, to minimize the use of chemical pesticides.
Agricultural Sprayers Market- Geographical Analysis
The global agricultural sprayers market exhibits a diverse geographical distribution, reflecting the varying agricultural landscapes and farming practices across different regions. North America has traditionally held a significant share in the market, driven by the extensive mechanization and adoption of advanced agricultural technologies in countries such as the United States and Canada.
Agricultural Sprayers Market- Impact of COVID-19
The COVID-19 pandemic has had a significant impact on various industries worldwide, including the agricultural sprayers market. The pandemic led to disruptions in global supply chains, affecting the availability and distribution of agricultural sprayers. Manufacturing facilities faced temporary shutdowns, logistical challenges, and shortages of raw materials, which hindered production and caused delays in the delivery of sprayers to customers.
Agricultural Sprayers market: Segmental Analysis
Type
• Self-propelled
• Tractor-mounted
• Trailed
• Handheld
• Aerial
Power Source
• Fuel-based
• Electric & Battery-driven
• Manual
• Solar
Agricultural Sprayers Market: Key Companies
• Deere & Company
• AGCO Corporation
• CNH Industrial N.V.
• Bucher Industries AG
• Horsch Maschinen GmbH
• Kubota Corporation
• Hardi International A/S
• Lemken GmbH & Co. KG
• Mahindra & Mahindra Ltd.
• STIHL Holding AG & Co. KG
• Others
Agricultural Sprayers Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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Market Research Process
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global Agricultural Sprayers market size was valued at USD 1,350 million in 2022 and is projected to reach USD 3,860 million by 2033, growing at a CAGR of 6.8% during the forecast period.
What are the drivers shaping various markets?
"Increasing Adoption of Self-Propelled Sprayers: - Self-propelled sprayers are witnessing increased adoption due to their efficiency and ease of use. These sprayers are equipped with powerful engines, advanced navigation systems, and large capacity tanks, enabling farmers to cover larger areas quickly. Self-propelled sprayers also offer enhanced maneuverability, improved operator comfort, and reduced soil compaction compared to traditional tractor-mounted sprayers. "
Who are the key competitors of market Players?
Some of the major players operating within the market are Deere & Company; AGCO Corporation; CNH Industrial N.V.; Bucher Industries AG; Horsch Maschinen GmbH; Kubota Corporation; Hardi International A/S; Lemken GmbH & Co. KG; Mahindra & Mahindra Ltd.; STIHL Holding AG & Co. KG
What are the top performing segments, and countries / regions of each of the markets?
Asia Pacific is a rapidly growing market for agricultural sprayers, primarily due to the increasing population and rising food demand in countries like China and India. The adoption of modern agricultural practices and the need for higher crop yields are driving the demand for efficient spraying equipment in this region.
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