Crop Sprayer Market Research Report - Global Forecast till 2030

Crop Sprayer Market Research Report: Information by Product (Fuel-Based, Electric and Handheld), Capacity (Ultra-Low-Volume Sprayers, Low-Volume Sprayers and High-Volume Sprayers) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/IA - E/2121-CR | July 2019 | Region: Global | 120 pages

Crop Sprayer Market Overview


Crop sprayer market is projected to grow over USD 4,977 million by 2025 at an estimated CAGR of 4.44% during the forecast period.


Sprayers are devices that are used in the agriculture sector for spraying insecticides and pesticides on crops and plants to control diseases and pests. They are also used to spray herbicides to control micronutrients and weeds for the proper growth of crop plants.


The global crop sprayer market is very dynamic and is expected to witness high growth during the forecast period. The growth of the global market is influenced by the significant growth in the agriculture sector, government initiatives, and farm mechanization. The agriculture sector generates considerable revenue that helps drive the economy. Thus, the increase in productivity in the agriculture sector will result in increased use of crop sprayers, thereby boosting the growth of the global market. Various initiatives have been taken by the government to increase the investment in agriculture, which will result in the market growth of crop sprayer. Furthermore, the increase in production is due to the reduced time in the production and good quality of work, which increase the adoption of modern technology in agriculture, such as crop sprayers. Thus, all these factors are expected to drive the growth of the global market during the forecast period.


However, there is a high level of lack of awareness among farmers about the new technology for types of machinery. Farmers are generally using outdated and ineffective technology rather than using new technologies due to lack of knowledge of trending ones. This is expected to hamper the growth of the power tool market.


Key Competitors


The key players of the global crop sprayer market are Chafer Machinery Ltd (UK), Zhejiang Ousen Machinery Co., Ltd. (China), CNH Industrial (UK), Bucher Industries (Switzerland), Deere & Company (US), Taizhou Sunny Agricultural Machinery Co., Ltd (China), Exel Industries (France), STIHL Holding AG & Co. KG (Germany), Hymatic Agro Equipment Pvt. Ltd (India), and ASPEE Group (India).


The global crop sprayer market is expected to witness significant growth during the forecast period. In 2018, the crop sprayer global market was led by Asia-pacific followed by North America and Europe. Asia-Pacific dominated the global market owing to countries such as India, China, and Indonesia, which mainly promote agricultural production in the Asia-Pacific region. Therefore, the demand for low volume sprayers is more for farming in small plots. In Asia-Pacific, China is dominated in 2018 and expected to lead in the region during the forecast period. Moreover, China is continually upgrading and modernizing their farming processes to increase their agricultural income, boosting economic growth, and meeting the ever-increasing demand for crops and products. The rapid increase in the interest among customers for increasing the productivity of their farms has increased the penetration of sprayers in China.


North America held for the second largest market for the crop sprayer, as it is the primary producer of wheat, corn, and soybean, which require the use of agricultural equipment such as crop sprayer, thereby driving the growth of the market.


Segmentation


The global crop sprayer market has been segmented based on product, capacity, and region.


The crop sprayer global market by product has been segmented into fuel-based, electric, and handheld. Among these product types, in 2018, the global market was led by fuel-based and is projected to lead throughout the forecast period. The fuel-based crop sprayers run by use of conventional fuel such as diesel, gasoline, and petrol. The sprayer consists of an integrated or external spray tank, a high-pressure piston pump usually powered by a petrol engine, a pressure regulating valve and a hose. The fuel-based crop sprayers require expensive fuel and exhaust carbon dioxide as a pollutant that is harmful to the environment. These factors are expected to influence the demand for crop sprayers in the global market during the forecast period.


Based on capacity, the market has been segmented into ultra-low-volume sprayers, low-volume sprayers, and high-volume sprayers. Among these applications, the high-volume sprayers led the global crop sprayers market in 2018 and further expected to dominate during the forecast period. High volume sprayers usually spray solutions, prepared by mixing water with appropriate quantities of pesticides. This diluted mixture is sprayed by using hydraulic nozzles. The volume of liquid handled by high volume sprayers is more than 400 liters per hectare.


Regional Analysis


On the basis of region, the global market of crop sprayer is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).


Global Crop Sprayer Market, by Region, 2018


 Crop Sprayer Market


Source: MRFR Analysis


In Europe, the increasing farm sizes and the existence of a vast number of vendors are the primary factors for the growth of the market. Other factors contributing to the growth of the market in the European region are, high demand for self-propelled sprayers and sprayers with large booms and nozzles, which are being used for agricultural activities.


The rest of the world includes countries such as Latin America and the Middle East & Africa. In the Middle East & Africa, the large-scale irrigation along with increasing mechanization is enabling extensive production of high-value cash crops such as fruits, vegetables, cereals, and sugar. The production of rice, maize, lentils, chickpeas, vegetables, and fruits in the region also contribute to the growth of the global market.


Synopsis


The crop sprayer global market has been segmented based on product, capacity, and region. On the basis of the product, the market segmented into fuel-based, electric, and handheld. Among these types, the fuel-based segment is projected to be dominant throughout the forecast period, whereas the electric has registered as the fastest growing technology. On the basis of application, the high volume sprayers segment is projected to be dominant throughout the forecast period. On the basis of region, Asia-Pacific has accounted for the largest market share for Crop Sprayer followed by North America and Europe.


Market Segmentation



  • By Product: Fuel-based, electric, and handheld

  • By Capacity: Ultra-low-volume sprayers, low-volume sprayers, and high-volume sprayers


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segmentation (product/capacity) is driving market growth?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 4,977 million
  • 2030 : Significant value
  •   CAGR   4.44% CAGR (2020-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product, Capacity
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Chafer Machinery Ltd (UK), Zhejiang Ousen Machinery Co., Ltd. (China), CNH Industrial (UK), Bucher Industries (Switzerland), Deere & Company (US), Taizhou Sunny Agricultural Machinery Co., Ltd (China), Exel Industries (France), STIHL Holding AG & Co. KG (Germany), Hymatic Agro Equipment Pvt. Ltd (India), and ASPEE Group (India)
      Key Market Opportunities   Scope In The Developing Nations
      Key Market Drivers

  • Growth In Agriculture Sector
  • Government Initiatives
  • Farm Mechanization


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    Frequently Asked Questions (FAQ) :


    The market is prognosticated to mark 4.44% CAGR which is poised to be in alignment with food security goals of the governments across the world.

    The rising demand for increased productivity in agricultural sector is poised to drive market growth.

    Lack of awareness among the farmers can restrict market growth.

    On the basis of product, the fuel-based segment is projected to lead the market through the forecast period.