Global Agriculture Sprayer Market 2016-2020

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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