Market Overview
Market Research Future (MRFR) confirms that the crop sprayer market 2020 can expand to a size of more than USD 4,977 million by 2025. MRFR also estimates that the market development can take place at a rate of 4.44% from 2015 to 2025 (evaluation period). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
COVID-19 Analysis
The worldwide industrial automation equipment industry, an otherwise thriving sector, has been deeply impacted by the suspension of manufacturing activities following the COVID-19 outbreak. Lack of labor and the bottlenecks in the supply chains equipment and materials have led to project delays across the industry, and could lead to more financial loss in the near future. Uncertainty has been the norm during the lockdown period, which makes it unpredictable how fast the industry can recover in the coming time.
The pandemic has also led to closing of numerous manufacturing facilities across countries, which has led to a substantial halt in the sales of farm crop sprayer. Lockdowns post the onset of Novel Coronavirus not only reduced manufacturing activities but has also affected consumer demand for crop sprayers. However, the increasing consumption of advanced technologies in the agriculture sector for better farm yield and to cater to the mounting food demand can boost the demand for agricultural sprayers. Moreover, post SARS-CoV-2 outbreak, government efforts have multiplied significantly, in the form of initiatives to boost spending on agriculture and related equipment such as crop sprayers.
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Key Boosters and Main Barriers
Surge in disposable incomes, population explosion, reduced natural sources and the fluctuating climate conditions have impacted food prices, which has aggravated the agricultural productivity scenario in recent times. Various strategies are being adopted to boost food productivity, one of which includes the deployment of the latest technologies like sprayers & applicators, which can help induce considerable market growth in the approaching years.
Green revolution has been a major game changer in the agriculture sector, with direct impact on traditional farming. Widespread efforts to upgrade farming techniques for higher food production across Latin America and Asia Pacific have been favorable for the market expansion. Likewise, Africa and Middle East are observing rigorous efforts in terms of green revolution approaches; however it is still not enough. The grave situation has compelled farmers to opt for advanced equipment and tools in farming. But the lack of funds and lower disposable income in underdeveloped countries restricts the demand for such tools and equipment. Therefore, government initiatives are increasing in number, which provide significant funding to farmers and those involved in the agriculture industry. Encouraged by such factors, more and more farmers are now becoming tech-savvy and are progressively adopting GPS software as well as tractors that are equipped with telematics, which can be key trends in the worldwide market.
In June 2020, ModernAg Inc. collaborated with MagGrow to launch an innovative crop sprayer technology for farmers and growers in Nebraska, Northern Missouri and Kansas. The sprayer efficiently facilitates a uniform spray profile, leading to more pesticide coverage in crops. This results in better coverage with a much lower application rate. Market companies are constantly churning out innovative products that can meet with the changing consumer demands and also help them make profits.
Market Segmentation
- The farm sprayers overview in the report consists of segments like product and capacity.
- The crop sprayer market, depending on product, can be considered for electric, handheld and fuel-based. In 2018, the lead in the market was taken by fuel-based crop sprayers, which are anticipated to retain their top spot in the coming years as well.
- The capacity-based market categories are low-volume sprayers, high-volume sprayers and ultra-low-volume sprayers. Out of these, the demand for high-volume sprayers is the highest in the market, as of 2018. This demand is expected to remain intact throughout the review period.
Regional Insight
North America, Asia Pacific or APAC, Europe, and the rest of the world or RoW are the key markets for crop sprayers.
The European market is largely backed by the expanding farm sizes along with the widespread presence of highly renowned firms that sell crop sprayers. Some other factors boosting the market growth in the region can be the mounting demand for sprayers with large nozzles and booms as well as self-propelled sprayers for agricultural activities.
The RoW market, which comprises Middle East & Africa (MEA) and Latin America, is expected to perform decently in the coming years. In particular, the MEA market is scaling rapidly on account of the rising mechanization and large-scale irrigation that has boosted the production of crops such as vegetables, fruits, sugar and cereals. The rising level of production of maize, rice, chickpeas, lentils, fruits and vegetables across the region is also promoting the business growth.
Leading Players
Some of the players currently leading the crop sprayer industry include CNH Industrial (UK), Bucher Industries (Switzerland), ASPEE Group (India), Taizhou Sunny Agricultural Machinery Co., Ltd (China), Exel Industries (France), Zhejiang Ousen Machinery Co., Ltd. (China), Hymatic Agro Equipment Pvt. Ltd (India), Deere & Company (US), STIHL Holding AG & Co. KG (Germany), Chafer Machinery Ltd (UK), to mention a few.
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