Agricultural Sprayers Market Size, Trend, Analysis and Forecast by 2030
The global agricultural sprayers market size was USD 3.20 billion in 2022. The market is set to rise from USD 3.38 billion in 2023 to USD 5.18 billion by 2030 at a CAGR of 6.27% during 2023-2030.
Agriculture sprayers are devices utilized for applying materials in liquid form, including fertilizers, pesticides, insecticides and herbicides, to plants or crops. The increasing need for equipment for farmers in agricultural pest-controlling operations and a rise in youth involvement in agricultural activities are boosting the demand for agricultural sprayers.
Information Source: https://www.fortunebusinessinsights.com/agricultural-sprayer-market-107213
COVID-19 Impact:
Favorable Government Support for Agricultural Operations During Pandemic Boosted Market Growth
The COVID-19 outbreak had a positive impact on the agricultural sprayers market growth. This sector received favorable government support for agricultural operations. Increased demand for agricultural machinery, including agricultural sprayers, fostered market expansion amid pandemic.
Segments:
Surging Need to Decrease Cost of Agricultural Production to Propel Self-propelled Segment Growth
By product type, the market is categorized into self-propelled, tractor-mounted, trailed, handheld, and aerial. The self-propelled segment is set to register the largest agricultural sprayers market share as the increased preference for self-propelled sprayers among farmers decreases the cost of agricultural production.
Increasing Adoption of Electric & Battery-driven Sprayers due to their Lower Operational Expenses to Fuel Segment Growth
Based on the power source, the market is segregated into fuel-based, electric & battery-driven, solar, and manual. The electric & battery-driven segment is predicted to rise at a higher growth rate during the forecast period. Increasing adoption of electric & battery-driven sprayers over fuel and solar-based sprayers due to their lower operational expenses and easy maintenance factors is boosting segment growth.
Increasing Need for Hydraulic Nozzles to Regulate Constant Pressure Augments Segment Growth
On the basis of nozzle type, the market is classified into hydraulic nozzle, gaseous nozzle, centrifugal nozzle, and thermal nozzle. The hydraulic nozzle segment is expected to account for the largest share of the market. The increasing need for hydraulic nozzles to regulate constant pressure and also provide uniform distribution of sprays on plants is driving the segment growth.
Rapid Adoption of High-volume Sprayers to Decrease Cost, Time, and Labor to Foster Segment Growth
In terms of capacity, the market is divided into high, low and ultra-low. The high-volume segment growth is driven by increasing its adoption by field crop producers to decrease the cost, time, and labor. High-volume sprayers are generally mounted on tractors or trucks.
Increasing Need for Field Sprayers for Larger Cultivation Areas to Boost Segment Growth
By usage, the market is segmented into field sprayers, orchards sprayers, and garden sprayers. The field sprayers segment is expected to lead the global market. The segment’s growth is driven by the increasing need for field sprayers for larger cultivation areas for field crops.
From the regional ground, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
Report Coverage
The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Furthermore, the report provides valuable observations on market trends and significant industry advancements. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times.
Drivers and Restraints
Growing Investments in Innovative Farming Techniques to Fuel Market Growth
An increase in operational expenses due to labor shortages is pushing farmers to invest in innovative farming techniques and technology to boost sustainability is expected to boost the demand for agricultural sprayers in the coming years. Leading companies are concentrating on integrating next-generation technology, including sensors, robotics and analytics, to develop machinery. All these factors are fostering market expansion.
However, high capital investment for farmers impedes the sales of agricultural sprayers.
Regional Insights
Asia Pacific Leads the Market due to Rise in Machinery Usage in Agriculture Sector
Asia Pacific secures the leading market share. A rise in machinery usage in the agriculture sector by farmers to achieve sustainability and decrease operating costs is driving market expansion in the region.
North America is one of the top markets for agricultural sprayers. Increasing focus on new product launches and investments in developing cutting-edge technologies by key players is driving market growth in the region.
Competitive Landscape
Increasing Investments by Leading Players for New Product Development to Fuel Market Progress
Amazonen-Werke, Boston Crop Sprayers Ltd., EXEL Industries and Deere & Company are some of the renowned companies in the global market. These market participants are heavily investing in the development of cost-effective products integrating innovative technologies.
Key Industry Development
- May 2022: A Canadian-British agricultural equipment producer, Massey Ferguson Limited, introduced Massey Ferguson® 500R Series sprayers, which offers straightforward, reliable, and accessible application solutions for North American farmers.
Major Players Profiled in the Report:
- AG Spray Equipment Inc., (U.S.)
- Amazone H. Dreyer GmbH & Co. KG (Germany)
- Bucher Industries AG (Switzerland)
- CNH Industrial N.V. (U.K.)
- Deere & Company (U.S.)
- Exel Industries SA (France)
- H&H Farm Machine Co. (U.S.)
- KisanKraft Limited (India)
- Kubota Corporation (Japan)
- STIHL (Germany)