Agricultural Sprayers Market Growth Opportunities and Recent Developments

The global agricultural sprayers market is projected to reach USD 3.1 billion by 2025, recording a CAGR of 6.5% during the forecast period. Factors such as an increase in farm sizes, demand for high efficiency in agricultural operations, and cost reduction for productivity improvement are expected to drive agricultural sprayers' demand during the forecast period. Asia Pacific segment will dominate the market due to its increase in large- and medium-sized farmlands, increasing agricultural practices, and rising use of advanced technological farm equipment.

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By power source, the fuel-based sprayer segment is the fastest-growing segment in the market during the forecast period

Fuel-operated sprayers are most efficient due to their strong engine, capacity to cover large farm areas, and reduced human effort, but they also demand proper maintenance. For their running, all engines need fuel, air, and a proper system of ignition. Thus, in a petrol engine, clean petrol, clean air, and healthy ignition are essential. Fuel-based sprayers are used for high volume spraying.

By crop type, the cereals segment is projected to account for the largest share in the global market during the forecast period

Cereals form an important segment for the agricultural sprayers market as wheat and maize are grown abundantly in different regions. The use of agricultural sprayers helps farmers cover larger farm sizes and protect crops, resulting in higher crop yield. According to the OECD-FAO Agricultural Outlook for 2014–2023, the global wheat utilization volume is projected to reach 774 million tons by 2023; 295 million tons is projected to be utilized in developed countries while the remaining 479 million tons are expected to be utilized in developing countries. Agricultural sprayers experience high demand from cereal producers to increase crop yield. Thus, increasing demand for cereals and grains in consumers' diets drives the growth of the market.

Asia Pacific is projected to account for the largest market share during the forecast period

The Asia Pacific market is estimated to account for the largest share in 2019. This is primarily attributed to agriculture, which is the major occupation in the region; it has a huge regional presence, including countries such as China, India, Australia, Japan, and the Rest of Asia Pacific. Thus, the increasing agricultural practices, use of advanced technological farm equipment, and requirement of high-quality agricultural produce are expected to drive the agricultural sprayers market in this region.

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Key Market Players:
John Deere (US), CNH Industrial N.V. (UK), Kubota Corporation (Japan), AGCO Corporation (US), Bucher Industries AG (Switzerland), Mahindra & Mahindra Ltd. (India), Yamaha Motor Corp. (Japan), STIHL (Germany), EXEL Industries (France), AMAZONEN-Werke (Germany), BGROUP S.p.A. (Italy), Agro Chem Inc. (US), Boston Crop Sprayers Ltd. (UK), H&H Farm Machine Co. (US), Buhler Industries Inc. (Canada), AG Spray Equipment, Inc. (US), John Rhodes AS Ltd (UK), and H.D. Hudson Manufacturing Company (US).

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