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Agriculture Sprayers Market Report 2024-2033: Market Size, Trends, Growth Drivers And Share Analysis | John Deere, CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Limited, Andreas Stihl AG & Co. KG
Agriculture Sprayers Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Agriculture Sprayers industry. This report on Agriculture Sprayers market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The agriculture sprayers market size has grown strongly in recent years. It will grow from $2.65 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase in global population, government subsidies and support, expansion of the agriculture industry, increased focus on organic farming, economic growth. The agriculture sprayers market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Key Market Players:
John Deere, CNH Industrial N.V., Kubota Corporation, Mahindra & Mahindra Limited, Andreas Stihl AG & Co. KG are prominent players in the Agriculture Sprayers industry.
Market Drivers:
According to the Agriculture Sprayers Market Report 2024 by The Business Research Company, The increase in focus on farm efficiency and productivity is expected to propel the growth of the agriculture sprayers market going forward. Farm efficiency refers to a measure of comparison of the yield of all crops on a given farm with the average yields of crops in the locality, whereas productivity is calculated as the ratio of agricultural outputs to inputs. Agriculture sprayers help increase farm efficiency and productivity, including reduced costs, improved spray efficiency, safety, and less harm to crops and the environment. For instance, according to the Indian budget, a division of the Ministry of Finance, Government of India, long-term trends indicate that the agriculture sector's share of the economy's overall GVA is around 18%, and the percentage of the agriculture and allied sectors in the total GVA increased to 20.2% in 2020-21. Therefore, an increase in focus on on-farm efficiency and productivity is driving the growth of agriculture sprayers market.
More information about the Global Agriculture Sprayers Market Report -
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Market segments for Agriculture Sprayers include:
1)By Type: Handheld, Self-Propelled, Low HP, Medium HP, High HP, Tractor-Mounted, Trailed, Aerial
2)By Nozzle Type: Hydraulic Nozzle, Gaseous Nozzle, Centrifugal Nozzle, Thermal Nozzle
3)By Capacity: Ultra-Low Volume, Low Volume, High Volume
4)By Power Source: Fuel-Based, Electric and Battery-Driven, Solar, Manual
5)By Usage: Field Sprayers, Orchard Sprayers, Gardening Sprayers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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