The Agriculture Sprayers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Agriculture Sprayers Global Market Report 2024, The agriculture sprayers market size has grown strongly in recent years. It will grow from $2.65 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase in global population, government subsidies and support, expansion of the agriculture industry, increased focus on organic farming, economic growth.
The agriculture sprayers market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing food demand, rising awareness about the importance of crop protection, rise in e-commerce, rise in disposable income. Major trends in the forecast period include smart and autonomous sprayers, organic and sustainable spraying, drones for spraying, iot integration, multi-function sprayers.
The increase in focus on farm efficiency and productivity is expected to propel the growth of the agriculture sprayers market going forward. Farm efficiency refers to a measure of comparison of the yield of all crops on a given farm with the average yields of crops in the locality, whereas productivity is calculated as the ratio of agricultural outputs to inputs. Agriculture sprayers help increase farm efficiency and productivity, including reduced costs, improved spray efficiency, safety, and less harm to crops and the environment. For instance, according to the Indian budget, a division of the Ministry of Finance, Government of India, long-term trends indicate that the agriculture sector’s share of the economy’s overall GVA is around 18%, and the percentage of the agriculture and allied sectors in the total GVA increased to 20.2% in 2020–21. Therefore, an increase in focus on on-farm efficiency and productivity is driving the growth of agriculture sprayers market.
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The agriculture sprayers market covered in this report is segmented –
1) By Type: Handheld, Self-Propelled, Low HP, Medium HP, High HP, Tractor-Mounted, Trailed, Aerial
2) By Nozzle Type: Hydraulic Nozzle, Gaseous Nozzle, Centrifugal Nozzle, Thermal Nozzle
3) By Capacity: Ultra-Low Volume, Low Volume, High Volume
4) By Power Source: Fuel-Based, Electric and Battery-Driven, Solar, Manual
5) By Usage: Field Sprayers, Orchard Sprayers, Gardening Sprayers
Top Major Players:
John Deere
CNH Industrial N.V.
Kubota Corporation
Mahindra & Mahindra Limited
Andreas Stihl AG & Co. KG.
Asia-Pacific was the largest region in the agriculture sprayers market in 2023.
The increase in the adoption of innovative agricultural equipment has emerged as a key trend in the agriculture sprayers market. Major companies operating in the agricultural sprayer market are developing innovative agricultural equipment to strengthen their position in the market. For instance, in March 2021, GUSS Automation, a US-based agricultural machinery manufacturer, launched an autonomous orchard sprayer to increase efficiency and precision and keep their crews safer. GUSS uses a unique combination of LiDAR, GPS, and the latest technology to autonomously roll through the orchard, spraying each tree with precision and efficiency.
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The agriculture sprayers market report table of contents includes:
1. Executive Summary
2. Agriculture Sprayers Market Characteristics
3. Agriculture Sprayers Market Trends And Strategies
4. Agriculture Sprayers Market – Macro Economic Scenario
5. Global Agriculture Sprayers Market Size and Growth
………….
31. Global Agriculture Sprayers Market Competitive Benchmarking
32. Global Agriculture Sprayers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Agriculture Sprayers Market
34. Agriculture Sprayers Market Future Outlook and Potential Analysis
35. Appendix
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