Press release
Agricultural Sprayers Market - Dependency on Leading Market Players Promise Rising Growth, details Fact.MR study | Key Players - AGCO Corporation, Mahindra & Mahindra, STIHL, DJI, Yamaha Motor Sports, Bucher Industries, EXEL Industries, CNH Industrial
Request a PDF sample of the report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3476
According to the study, leading manufacturers are adopting cognitive technologies to meet growing end-user requirements for more efficient, productive, and precise agricultural machines. More than 75 million IoT-integrated agricultural equipment & machinery will be sold by 2020, according to the World Government Summit. The shift in end-user preferences for modern farming techniques and equipment has led to an upsurge in the sales of next-generation agricultural machineries, in turn influencing growth of the agricultural sprayers market.
The study opines that advancements in the battery technology, and its integration into the agricultural sprayers, will boost sales of battery-operated agricultural sprayers. Battery-operated agricultural sprayers are estimated to exceed 1.7 million units in 2020. Readers can find a complete assessment on salient factors instrumental in shaping the future of agricultural sprayers market in this study.
APEJ Remains Most Lucrative for Agricultural Sprayer Sales
The Fact.MR study estimates sales of agricultural sprayers in APEJ to close in on 1.3 million units by 2020. As the agriculture sector significantly contributes to the GDP of Asian countries, prospects remain bullish for sales of high-tech farming machineries in the region. APEJ is expected to account for over 43% of the global agricultural sprayers sales by 2020.
According to the study, gains from agricultural sprayer sales in China and India will remain promising, with key developmental programs taken by the governments in these countries that drives demand for agricultural machineries to improve productivity. Governing organizations in these countries are also offering subsidies and loans to farmers, encouraging the adoption of modern farming practices that involves advanced equipment and machinery. The agricultural sprayers market in APEJ will benefit from favorable government policies that prompt the shift from traditional, labor-intensive farming practices to a more mechanized approach.
Access the full research study @ https://www.factmr.com/report/3476/agricultural-sprayers-market
Leading players in the agricultural sprayers market are vying for opportunities in APEJ, to capitalize on increased demand. As products of the local manufacturers in the region are incompetent to those of their international competitors in terms of technology and specialization, opportunities remain robust for the latter in APEJ. Additionally, leading companies in the agricultural sprayers market are focusing on strategic partnership with local manufacturers, to meet the burgeoning demand for customized, sustainable, and technologically advanced agricultural sprayers.
Tractor-mounted Agricultural Sprayers Preferred among End-Users
The study finds that tractor-mounted sprayers are becoming a popular choice, not only among small-scale farmers, but also among large-scale end-users. In fact, large operators, who previously opted for self-propelled sprayers are making a move towards the tractor-mounted variants, as the latter facilitates large-scale farming operations.
Preference for the tractor-mounted agricultural sprayer over self-propelled category can also be backed by high operational and maintenance costs, limited application scope, and higher fuel consumption linked with the latter. Operational flexibility of tractor-mounted agricultural sprayers enables end-users to carry out both pest control processes and fertilization processes using a single equipment.
The study also highlights influence of the drone technology on prospects of the agricultural sprayers market. With the advent of ‘Agriculture 4.0,’ the agricultural machinery industry is witnessing a paradigm shift towards “precision agriculture”. Ongoing developments in the drone technology is expected to encourage market players to launch next-generation aerial sprayers in the upcoming years.
Fact.MR offers valuable insights on developments in the agricultural sprayers market during the forecast period 2019-2027. The market is projected to record a volume CAGR of 6% through 2027.
Have Any Query? Ask Our Industry Expert- https://www.factmr.com/connectus/sample?flag=AE&rep_id=3476
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Agricultural Sprayers Market - Dependency on Leading Market Players Promise Rising Growth, details Fact.MR study | Key Players - AGCO Corporation, Mahindra & Mahindra, STIHL, DJI, Yamaha Motor Sports, Bucher Industries, EXEL Industries, CNH Industrial here
News-ID: 1749111 • Views: …
More Releases from Fact.MR
Cloud Managed Services Market Is Projected To Increase At A CAGR Of Around 9.6% …
In 2021, the global sales of cloud managed services reached a substantial figure of US$ 86.1 billion. Projections indicate a noteworthy surge in market growth between 2022 and 2032, with an expected increase of 9.6%, surpassing historical growth rates. Among the various types of cloud managed services, Managed Network Services are anticipated to lead in revenue generation, with a projected growth rate of 9.1% during the period spanning from 2022…
Body Mist Market Is Projected To Reach A Size Of US$ 8.95 Billion By 2032: Fact. …
The forecast for the global body mist market indicates a steady expansion, with a projected 5% compound annual growth rate (CAGR) from 2022 to 2032. Starting with a market valuation of US$ 6 billion in 2022, this sector is anticipated to witness substantial growth, propelled by increasing demand worldwide. By 2032, the body mist market is estimated to reach a valuation of US$ 8.95 billion, highlighting its sustained growth trajectory…
Exosome Research Products Market: Forecasted to Reach US$ 1.9 Billion by 2033
In a recent industry report, Fact.MR, a company that offers competitive intelligence and market research, predicted that the global Exosome Research Products Market will reach US$ 1.9 billion by the end of 2033. Through 2033, sales of exosome research products and services are anticipated to generate revenue at a compound annual growth rate (CAGR) of 20.8%. In order to meet the anticipated growth in demand for exosome research goods in…
Nonwoven Fabric Market Surges: Projected 6.1% CAGR to Hit US$ 87.34 Billion by 2 …
According to a recently released analysis by market research and competitive intelligence source Fact.MR, the worldwide Nonwoven Fabric Market is projected to reach US$ 48.78 billion in 2024. By the end of 2034, the nonwoven fabric market is expected to be valued at US$ 87.34 billion worldwide. Nonwoven materials are widely used in medical applications because they are affordable and easily accessible. Hospitals utilize a lot of reusable and disposable…
More Releases for APEJ
Dimethylolpropionic Acid (DMPA) Market: APEJ to Remain Largest Consuming
Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report titled “Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020”. The global Dimethylolpropionic Acid (DMPA) market is projected to expand at a CAGR of over 8% during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions, regarding which FMI offers vital insights in detail in this report.
On the…
Ginger Market: APEJ to Present Attractive Growth Opportunities
The global ginger market is characterized by the presence of a large pool of established players, and therefore the market’s vendor landscape is fragmented and competitive in nature. The players are making use of new flavours in order to attract more customers and introducing new products with added nutrients, notes Transparency Market Research (TMR) in its report on the global ginger market. Some of the players within the market which…
Card Printing Ribbon Market APEJ to Spearhead
According to a new study by Transparency Market Research (TMR), the business landscape in the global card printing ribbon market is highly competitive. Zebra Technologies, Entrust Datacard Corp., IdentiSys Inc., HID Global Corp., Evolis SA, NBS Technologies Inc., AlphaCard, Unicard Systems Pty. Ltd., Dai Nippon Printing Co. Ltd., and Idp Corp. are some of the leading players in this market. They are likely to focus on mergers and acquisitions in…
Rigid Food Containers Market APEJ to Remain Largest
The global rigid food containers market is projected to register a moderate 4 % CAGR throughout the forecast period (2017-2022), according to a new study by Future Market Insights (FMI). The report estimates the global rigid food containers market to surpass revenues worth US$ 80,000 Mn by 2022-end.
Key Takeaways from FMI’s Report on Global Rigid Food Containers Market
Rigid food containers will continue to find the largest applications in ready-to-eat food…
Shrimp Market APEJ to Dominate the Global
Future Market Insights’ new report titled “Shrimp Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” studies the overall performance of the highly competitive global shrimp market for the assessment period of 10 years.
The global shrimp market is anticipated to expand at a significant CAGR over the forecast period and APEJ is likely to dominate the market by grabbing maximum revenue share during the assessed 10 year period.
Revenue from…
Aquafeed Market APEJ to Remain Dominant in Regional
A US$ 50 Bn market, the global aquafeed market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and…
