Outlook of the global agriculture sprayer market
Technavio’s market research analyst predicts the global agriculture sprayer market to grow moderately at a CAGR of about 5% until 2020. Agriculture sprayers are used by farmers to apply herbicides, pesticides, and fertilizers to crops. The growing adoption of advanced farming techniques is leading to the increased adoption of agriculture sprayers during the predicted period. Moreover, the availability of agriculture sprayers in the form of portable sprayers, such as backpacks and sprayer guns, and as trailed sprayers will result in its augmented adoption during the forecast period.
The rising demand for self-propelled sprayers will impel market growth during the forecast period. Recently, it has been observed that farmers prefer less tillage as it prevents soil degradation. This trend has augmented the demand for self-propelled crop sprayers that can be used for both pre- and post-plant treatments. Though traditional pull-type sprayers are still in use, self-propelled units are becoming more popular as they allow more control over application time and cause less crop damage.
Product-based segmentation of the agriculture sprayer market
- Fuel based
- Electric
- Hand-held
In this market study, analysts have estimated the fuel-based sprayer segment to account for more than 53% of the total market share by 2020. Fuel-based agriculture sprayers have high capacity and are highly efficient; thus, they are in high demand when compared to electric agriculture sprayers. Since these sprayers are inexpensive and readily available in the market, their demand, especially from developing regions like APAC and ROW, will increase rapidly during the forecast period.
Geographical segmentation and analysis of the global agriculture sprayer market
- APAC
- Europe
- North America
- ROW
In 2015, Europe accounted for about 34% of the total market share and is anticipated to grow steadily at a CAGR of approximately 5% during the forecast period. Growing farm size and the presence of a vast number of vendors are the primary growth impelling factors for the market in this region. Also, factors like the high demand for self-propelled sprayers and sprayers with large booms and nozzles will also aid in the growth of this market in Europe during the forecast period.
Competitive landscape and key vendors
The global agriculture sprayer market is highly concentrated due to the presence of numerous international and regional vendors. The providers in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The increasing level of competition in this market will compel vendors to reduce their product prices, which in turn will have an adverse effect on their profit margins and growth potential.
Top vendors in the market are -
- AGCO
- STIHL
- Deere & Company
- Case IH
Other prominent vendors in the market include Ag Spray Equipment, Buhler Industries, Demco, Equipment Technologies, Great Plains, Hardi International, Indo-German Agricultural Sprayer & Pressing Works, Labdhi International, and Taizhou City Jiaojiang Jiangnan Agriculture Machinery Factory.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global agriculture sprayer market?
- What are the key market trends impacting the growth of the agriculture sprayer market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global agriculture sprayer market?
- What are the trending factors influencing the market shares of Europe, North America, APAC, and ROW?
- What are the key outcomes of the five forces analysis of the agriculture sprayer market?
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Table of content
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Vendor segmentation
- Common currency conversion rates
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Global agriculture machinery market: An overview
- Global agriculture: An overview
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by type
- Global agriculture sprayer market by type
PART 07: Geographical segmentation
- Global agriculture sprayer market by geography
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
- AGCO
- Case IH
- Deere & Company
- STIHL
- Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio