Published Date: 2019-06-21 | Pages: Ongoing | Tables: Ongoing | Report ID: 7286
Industry: Machinery & Equipment
Increasing farm sizes and the rising trend of modern farming practices such as precision farming are expected to augur well for the global agricultural sprayers market. The need to avoid crop damage and demand for more efficiency and productivity in the agriculture industry are anticipated to further improve the global market growth.
Players are anticipated to bank on growth opportunities available in developing countries. In June 2019, AGCO Corporation, an American agricultural equipment manufacturer, opened a new office in Morocco considering the country’s suitable geographic location in North Africa and its socio-economic contribution to the region. Moreover, agriculture is a significant contributor to the country’s economic development.
Increasing Practice of Advanced Agricultural Techniques to Encourage Growth
● Promotion of modern agricultural techniques through government support is anticipated to drive the growth of the global agricultural sprayers market
● Asian countries increasing the production of grains and cereals are foretold to create demand in the global agricultural sprayers market
● Growing emphasis on farm productivity and efficiency is expected to help manufacturers to cash in on lucrative sales opportunities
● Vast changes in spraying and farming technologies could be another important factor pushing the growth of the global agricultural sprayers market
● High growth of the agriculture industry in emerging economies is foreseen to augment the demand for agricultural sprayers
Players to Use Upgraded Technologies to Stand Out in Global Market
The vendor landscape of the global agricultural sprayers market is predicted to show a concentrated nature as top players take charge of the competition. With a view to gain a large share of the global market and expand their regional presence, manufacturers are prophesied to develop a new customer base, explore untapped and new markets, and invest in joint agreements. Some of the leading players of the global market are John Deere, CNH Industrial, EXEL Industries, Kubota, AGCO, Bucher Industries, Mahindra & Mahindra, and STIHL.
Leading companies such as John Deere are taking agricultural sprayers to the next level with the use of new and improved technologies. Some companies are also introducing new products to tighten their grip on the global agricultural sprayers market. In May 2019, John Deere updated its R4045 Sprayer with the all-wheel CommandDrive powertrain and launched the R4060 Sprayer with 1,600 gallon capacity.
Manufacturers to Focus on Emerging Countries and Adopt Open Innovation
Manufacturers of agricultural sprayers are predicted to increase their interest in developing countries where agriculture makes a decent contribution to economic growth. In March 2019, AGCO introduced its Farm Solutions agronomic solutions program in South America in partnership with InCeres and Tecgraf. In the following month, the company added Solinftec as a new partner to the program.
Vendors are also expected to focus on innovation and zero-emissions strategies to make their presence known in the global agricultural sprayers market. In May 2019, Japan’s tractor and heavy equipment manufacturer, Kubota announced the establishment of its Innovation Centers in Europe and Japan. The objective of establishing these centers is to accelerate the launch of new products, services, and businesses and to encourage open innovation for proactive engagement with sophisticated technologies such as AI and ICT. In June 2019, STIHL, a German manufacturer of chainsaws and other handheld power equipment, collaborated with American Green Zone Alliance for promoting the benefits of battery-powered professional landscape tools.
By Power Source
● Electric and Battery-driven
On the basis of value, trailed agricultural sprayers are forecast to secure a significant share of the global market. They are considered to be highly economical for mid-size farms. On the other hand, aerial and self-propelled agricultural sprayers are projected to exhibit quick growth in the global market. Among power source segments, fuel-based is prognosticated to take the lead globally due to its increasing adoption by farmers with large-size and mid-size farms.
Among key regions, Asia Pacific is expected to account for a remarkable share of the global agricultural sprayers market in terms of value. High production of cereals such as pearl millet and sorghum in India is anticipated to increase the use of agricultural sprayers in the country. Availability of large agricultural land and impressive annual agricultural production in the country could be other factors helping the India market to grow considerably.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.
The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.
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