The agricultural sprayers market is driven by 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 agricultural sprayers market is estimated to reach USD 1.86 Billion by 2017, and it is projected to reach USD 2.63 Billion by 2022, at a CAGR of 7.12% from 2017. In terms of volume, the market is projected to reach 306.9 thousand units by 2022.
Agricultural Sprayers Market by Type (Handheld, Self-Propelled, Tractor-mounted, Trailed, Aerial), Power Source (Fuel-based, Electric & Battery-driven, Solar, Manual), Capacity (Ultra-low Volume, Low Volume, High Volume), & Region – Global Forecast to 2022
Key players such as
- John Deere (US)
- CNH Industrial (UK)
- EXEL Industries (France)
- Kubota (Japan)
- AGCO Corporation (US)
- Bucher Industries (Switzerland)
- Mahindra & Mahindra (India)
- STIHL (Germany)
have been profiled in the report.
Highlights >>
- The self-propelled and aerial segments are projected to be the fastest-growing types amongst the agricultural sprayers.
- The cereals segment is estimated to dominate the agricultural sprayers amongst the crop types during the forecast period. Cereals is an important segment for the agricultural sprayers market as wheat and corn are grown abundantly in different regions. Corn is the third most widely grown cereal crop in the world, after wheat and rice. Thus, agricultural sprayers experience high demand from cereal producers to increase crop yield.
- The trailed segment is estimated to dominate the agricultural sprayers market in terms of value. Although trailed sprayers are more economical for mid-size farms, but self-propelled are rising in popularity.
- The Asia Pacific region dominated the agricultural sprayers market in 2016 and is projected to grow at the highest CAGR from 2017 to 2022, both in terms of value and volume.
- India is projected to be the fastest-growing market in the region.
