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Crop Sprayer Market 2021: Industry Analysis, Size, Share, Trends, Incremental Revenue, Outlook, Segmentation and Technological Advancement – 2027
May 07, 2021 (Heraldkeepers) —
Market Research Future (MRFR) confirms that the crop sprayer market 2020 can expand to a size of more than USD 4,977 million by 2025. MRFR also estimates that the market development can take place at a rate of 4.44% from 2015 to 2025 (evaluation period). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
The pandemic has also led to closing of numerous manufacturing facilities across countries, which has led to a substantial halt in the sales of farm crop sprayer market. Lockdowns post the onset of Novel Coronavirus not only reduced manufacturing activities but has also affected consumer demand for crop sprayers. However, the increasing consumption of advanced technologies in the agriculture sector for better farm yield and to cater to the mounting food demand can boost the demand for agricultural sprayers. Moreover, post SARS-CoV-2 outbreak, government efforts have multiplied significantly, in the form of initiatives to boost spending on agriculture and related equipment such as crop sprayers.
The worldwide industrial automation equipment industry, an otherwise thriving sector, has been deeply impacted by the suspension of manufacturing activities following the COVID-19 outbreak. Lack of labor and the bottlenecks in the supply chains equipment and materials have led to project delays across the industry, and could lead to more financial loss in the near future. Uncertainty has been the norm during the lockdown period, which makes it unpredictable how fast the industry can recover in the coming time.
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Key Boosters and Main Barriers
Surge in disposable incomes, population explosion, reduced natural sources and the fluctuating climate conditions have impacted food prices, which has aggravated the agricultural productivity scenario in recent times. Various strategies are being adopted to boost food productivity, one of which includes the deployment of the latest technologies like sprayers & applicators, which can help induce considerable market growth in the approaching years.
Green revolution has been a major game changer in the agriculture sector, with direct impact on traditional farming. Widespread efforts to upgrade farming techniques for higher food production across Latin America and Asia Pacific have been favorable for the market expansion. Likewise, Africa and Middle East are observing rigorous efforts in terms of green revolution approaches; however it is still not enough. The grave situation has compelled farmers to opt for advanced equipment and tools in farming. But the lack of funds and lower disposable income in underdeveloped countries restricts the demand for such tools and equipment. Therefore, government initiatives are increasing in number, which provide significant funding to farmers and those involved in the agriculture industry. Encouraged by such factors, more and more farmers are now becoming tech-savvy and are progressively adopting GPS software as well as tractors that are equipped with telematics, which can be key trends in the worldwide market.
In June 2020, ModernAg Inc. collaborated with MagGrow to launch an innovative crop sprayer technology for farmers and growers in Nebraska, Northern Missouri and Kansas. The sprayer efficiently facilitates a uniform spray profile, leading to more pesticide coverage in crops. This results in better coverage with a much lower application rate. Market companies are constantly churning out innovative products that can meet with the changing consumer demands and also help them make profits.
North America, Asia Pacific or APAC, Europe, and the rest of the world or RoW are the key markets for Crop Sprayer Market.
The European market is largely backed by the expanding farm sizes along with the widespread presence of highly renowned firms that sell crop sprayers. Some other factors boosting the market growth in the region can be the mounting demand for sprayers with large nozzles and booms as well as self-propelled sprayers for agricultural activities.
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Table Of Contents
0 Executive Summary
1.1 Definition 14
1.2 Scope Of The Study 14
1.3 Assumptions 14
1.4 Market Structure 15
2 Research Methodology
2.1 Research Process 16
2.2 Primary Research 16
2.3 Secondary Research 17
2.4 Market Size Estimation 17
2.5 Forecast Model 19
List Of Tables
TABLE 1 GLOBAL CROP SPRAYER MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 28
TABLE 2 GLOBAL CROP SPRAYER MARKET, BY CAPACITY, 2020-2027 (USD MILLION) 32
TABLE 3 GLOBAL CROP SPRAYER MARKET, BY REGION, 2020-2027 (USD MILLION) 36
TABLE 4 NORTH AMERICA: CROP SPRAYER MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 37
TABLE 5 NORTH AMERICA: CROP SPRAYER MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 37
TABLE 6 NORTH AMERICA: CROP SPRAYER MARKET, BY CAPACITY, 2020-2027 (USD MILLION) 38
TABLE 7 US: CROP PRODUCTION, 2020-2020 (IN MILLION METRIC TON) 38
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