Agricultural Sprayers Market by Type (Handheld, Self-Propelled, Tractor-mounted, Trailed, Aerial), Power Source (Fuel-based, Electric & Battery-driven, Solar, Manual), Capacity (Ultra-low Volume, Low Volume, High Volume), & Region - Global Forecast to 2022

The agricultural sprayers market was valued at USD 1.75 Billion in 2016, and is projected to reach USD 2.63 Billion by 2022, growing at a CAGR of 7.12% from 2017, in terms of value. In terms of volume, the market is projected to reach 306.9 thousand units by 2022. The objectives of this study are to define, segment, and project the size of the agricultural sprayers market based on type, crop type, mode of application, form, and key regions.

• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To analyze the competitive environment of the agricultural sprayers market
• To provide the analysis of the research & development spending and funding activities in the agricultural sprayers market
• To project the size of the market, in terms of value (USD million) in the key regions, namely, North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments mergers, acquisitions, agreements/joint ventures, expansions, and new product launches—in the agricultural sprayers market

The years considered for the study are:

• Base year – 2016
• Estimated year – 2017
• Projected year – 2022
• Forecast period – 2017 to 2022

This report includes the estimation of market size for value (USD million), and volume (thousand units). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the agricultural sprayers market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (the FAO, Bloomberg Businessweek, Factiva, and companies’ annual reports), and their market share has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The various contributors involved in the value chain of agricultural sprayers include manufacturers, suppliers, distributors, intermediaries, and customers; agricultural product manufacturers such as John Deere (US), CNH Industrial (UK), EXEL Industries (France), Bucher Industries (Switzerland), Mahindra & Mahindra (India)., STIHL (Germany), AGCO Corporation (US), Kubota (Japan), Yamaha (Japan), BGroup S.p.A. (Italy), Amazonen-Werke (Germany), DJI (China).

Target Audience

• Associations and industry bodies
• Commercial research & development (R&D) institutions
• Agricultural sprayer manufacturers and suppliers
• Raw material suppliers and distributors
• Traders, distributors, and retailers
• Agricultural institutes, associations, and government agencies
• Commercial farmers
• Agricultural industry players
• Researchers
• Industry experts

Scope of the Report

The agricultural sprayers market is segmented as follows:

On the basis of Type

• Handheld
• Self-Propelled
  • Low HP (160 HP - 250 HP))
  • Medium HP (251 HP – 350 HP)
  • High HP (351 HP – 400 HP)
• Tractor-mounted
• Trailed
• Aerial

On the basis of Mode of Capacity

• Ultra-Low Volume
• Low Volume
• High Volume

On the basis of Mode of Farm Size

• Small
• Medium
• Large

On the basis of Crop Type

• Cereals
  • Corn
  • Rice
  • Wheat
  • Others (barley, sorghum, rye, hay, millet, and oats)
• Oilseeds
  • Soybeans
  • Rapeseed/Canola
  • Sunflower & Cottonseed
  • Others (palm, peanut/groundnut, coconut, olive, canola, safflower, and copra)
• Fruits & vegetables
• Others (turf & ornamentals, floriculture crops, permanent crops, pastures, grasslands, and other cultivations)

On the basis of Technology

• Hydraulic nozzle spray technology
• Air-assisted electrostatic spray technology
• Variable rate technology (VRT)
• Others (controlled droplet application (CDA), ultra-low volume spraying technology (ULV), targeted dispense technology, and other sensor-based technologies)

On the basis of Region

• North America
• Europe
• Asia Pacific
• South America
• RoW (Middle East and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Application Analysis

• Application analysis, which gives a detailed analysis of other applications of agricultural sprayers

Regional Analysis

• Further breakdown of the Rest of Asia Pacific agricultural sprayers market into key contributing countries
• Further breakdown of the Rest of World agricultural sprayers market into South American countries

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Agricultural Sprayers Market
    4.2 The Market for Agricultural Sprayers, By Region
    4.3 Market in Asia Pacific, By Crop Type & Country
    4.4 Market: Major Countries
    4.5 Market, By Type
    4.6 Market: Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Focus on Farm Efficiency and Productivity
                    5.2.1.2 Growing Farm Sizes
                    5.2.1.3 Rise in Production of Cereals and Grains in Asian Countries
                    5.2.1.4 Government Support Towards Modern Agricultural Techniques
           5.2.2 Restraints
                    5.2.2.1 High Capital Investment on Modern Agricultural Equipment
           5.2.3 Opportunities
                    5.2.3.1 Growing Trend of Precision and Other Modern Farming Practices
                    5.2.3.2 Growth in the Agriculture Industry in Developing Economies
           5.2.4 Challenges
                    5.2.4.1 Increasing Risk of Spray Drift

6 Agricultural Sprayers Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Handheld
    6.3 Self-Propelled
           6.3.1 Low HP
           6.3.2 Medium HP
           6.3.3 High HP
    6.4 Tractor-Mounted
    6.5 Trailed
    6.6 Aerial

7 Agricultural Sprayers Market, By Capacity (Page No. - 55)
    7.1 Introduction
    7.2 Ultra-Low Volume
    7.3 Low Volume
    7.4 High Volume

8 Agricultural Sprayers Market, By Farm Size (Page No. - 61)
    8.1 Introduction
    8.2 Large
    8.3 Medium
    8.4 Small

9 Agricultural Sprayers Market, By Crop Type (Page No. - 67)
    9.1 Introduction
    9.2 Cereals
           9.2.1 Maize
           9.2.2 Rice
           9.2.3 Wheat
           9.2.4 Others
    9.3 Oilseeds
           9.3.1 Soybean
           9.3.2 Rapeseed/Canola
           9.3.3 Sunflower & Cottonseed
           9.3.4 Others
    9.4 Fruits & Vegetables
    9.5 Others

10 Agricultural Sprayers Market, By Technology (Page No. - 80)
     10.1 Introduction
     10.2 Hydraulic Nozzle Spray Technology (Hydraulic Spray Systems)
     10.3 Air-Assisted Electrostatic Spray Technology
     10.4 Variable Rate Technology (VRT)
     10.5 Others

11 Agricultural Sprayers Market, By Power Source (Page No. - 86)
     11.1 Introduction
     11.2 Fuel-Based
     11.3 Electric & Battery-Driven
     11.4 Solar
     11.5 Manual

12 Agricultural Sprayers Market, By Region (Page No. - 93)
     12.1 Introduction
     12.2 North America
             12.2.1 US
             12.2.2 Canada
             12.2.3 Mexico
     12.3 Europe
             12.3.1 Germany
             12.3.2 France
             12.3.3 Spain
             12.3.4 UK
             12.3.5 Russia
             12.3.6 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
             12.4.2 India
             12.4.3 Australia
             12.4.4 Japan
             12.4.5 Rest of Asia Pacific
     12.5 South America
             12.5.1 Brazil
             12.5.2 Argentina
             12.5.3 Rest of South America
     12.6 Rest of the World (RoW)
             12.6.1 Middle East
             12.6.2 Africa

13 Competitive Landscape (Page No. - 132)
     13.1 Introduction
     13.2 Market Share Analysis

14 Company Profiles (Page No. - 134)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence & Recent Developments)*
     14.1 John Deere
     14.2 CNH Industrial
     14.3 Kubota
     14.4 Mahindra & Mahindra
     14.5 Stihl
     14.6 Agco Corporation
     14.7 Yamaha
     14.8 Bucher Industries
     14.9 DJI
     14.10 Exel Industries
     14.11 Amazonen-Werke
     14.12 Bgroup

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 167)
     15.1 Discussion Guide
     15.2 Company Developments
             15.2.1 Mergers & Acquisition
             15.2.2 New Product Launch
             15.2.3 Expansion
             15.2.4 Joint Venture & Agreement
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details

List of Tables (134 Tables)

Table 1 Agricultural Sprayers Market Size, By Type, 2015–2022 (USD Million)
Table 2 Agricultural Self-Propelled Sprayers Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 3 Agricultural Sprayers Market Size, By Type, 2015–2022 (Thousand Units)
Table 4 Handheld Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 5 Handheld Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 6 Self-Propelled Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 7 Low HP Self-Propelled Agricultural Sprayer Market Size, By Region, 2015–2022 (USD Million)
Table 8 Medium HP Self-Propelled Agricultural Sprayer Market Size, By Region, 2015–2022 (USD Million)
Table 9 High HP Self-Propelled Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 10 Self-Propelled Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 11 Tractor-Mounted Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 12 Tractor-Mounted Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 13 Trailed Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 14 Trailed Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 15 Aerial Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 16 Aerial Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 17 Agricultural Sprayers Market Size, By Capacity, 2015–2022 (USD Million)
Table 18 Agricultural Sprayers Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 19 Ultra-Low Volume Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 20 Ultra-Low Volume Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 21 Low-Volume Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 22 Low-Volume Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 23 High-Volume Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 24 High-Volume Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 25 Agricultural Sprayers Market Size, By Farm Size, 2015–2022 (USD Million)
Table 26 Agricultural Sprayers Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 27 Large Farms Market Size, By Region, 2015–2022 (USD Million)
Table 28 Large Farms Market Size, By Region, 2015–2022 (Thousand Units)
Table 29 Medium Farms Market Size, By Region, 2015–2022 (USD Million)
Table 30 Medium Farms Market Size, By Region, 2015–2022 (Thousand Units)
Table 31 Small Farms Market Size, By Region, 2015–2022 (USD Million)
Table 32 Small Farms Market Size, By Region, 2015–2022 (Thousand Units)
Table 33 Agricultural Sprayers Market Size, By Crop Type, 2015–2022 (USD Million)
Table 34 Agricultural Sprayers Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 35 Cereals Segment Sprayers Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 36 Cereals Market Size, By Region, 2015–2022 (USD Million)
Table 37 Cereals Market Size, By Region, 2015–2022 (Thousand Units)
Table 38 Maize Market Size, By Region, 2015–2022 (Thousand Units)
Table 39 Rice Segment Market Size, By Region, 2015–2022 (USD Million)
Table 40 Wheat Segment Market Size, By Region, 2015–2022 (USD Million)
Table 41 Others Segment Market Size, By Region, 2015–2022 (USD Million)
Table 42 Oilseeds Segment Sprayers Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 43 Oilseeds Market Size, By Region, 2015–2022 (USD Million)
Table 44 Oilseeds Market Size, By Region, 2015–2022 (Thousand Units)
Table 45 Soybean Segment Market Size, By Region, 2015–2022 (USD Million)
Table 46 Rapeseed/Canola Segment Market Size, By Region, 2015–2022 (USD Million)
Table 47 Sunflower & Cottonseed Segment Market Size, By Region, 2015–2022 (USD Million)
Table 48 Others Segment Market Size, By Region, 2015–2022 (USD Million)
Table 49 Fruits & Vegetables Market Size, By Region, 2015–2022 (USD Million)
Table 50 Fruits & Vegetables Market Size, By Region, 2015–2022 (Thousand Units)
Table 51 Others Market Size, By Region, 2015–2022 (USD Million)
Table 52 Others Market Size, By Region, 2015–2022 (Thousand Units)
Table 53 Agricultural Sprayers Market Size, By Technology, 2015–2022 (USD Million)
Table 54 Hydraulic Nozzle Spray Technology Market Size, By Region, 2015–2022 (USD Million)
Table 55 Air-Assisted Electrostatic Spray Technology Market Size, By Region, 2015–2022 (USD Million)
Table 56 Variable Rate Technology Market Size, By Region, 2015–2022 (USD Million)
Table 57 Others Market Size, By Region, 2015–2022 (USD Million)
Table 58 Size of the market for Agricultural Sprayers, By Power Source, 2015–2022 (USD Million)
Table 59 Size of the market for Agricultural Sprayers, By Power Source, 2015–2022 (Thousand Units)
Table 60 Fuel-Based Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 61 Fuel-Based Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 62 Electric & Battery-Driven Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 63 Electric & Battery-Driven Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 64 Solar Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 65 Solar Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 66 Manual Agricultural Sprayers Market Size, By Region, 2015–2022 (USD Million)
Table 67 Manual Agricultural Sprayers Market Size, By Region, 2015–2022 (Thousand Units)
Table 68 Size of the market for Agricultural Sprayers, By Region, 2015–2022 (USD Million)
Table 69 Size of the market for Agricultural Sprayers, By Region, 2015–2022 (Thousand Units)
Table 70 North America: Agricultural Sprayers Market Size, By Country, 2015–2022 (USD Million)
Table 71 North America: Market Size, By Country, 2015–2022 (Thousand Units)
Table 72 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 73 North America: Market Size, By Type, 2015–2022 (Thousand Units)
Table 74 North America: Market Size, By Farm Size, 2015–2022 (USD Million)
Table 75 North America: Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 76 North America: Market Size, By Crop Type, 2015–2022 (USD Million)
Table 77 North America: Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 78 North America: Market Size, By Capacity, 2015–2022 (USD Million)
Table 79 North America: Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 80 North America: Market Size, By Power Source, 2015–2022 (USD Million)
Table 81 North America: Market Size, By Power Source, 2015–2022 (Thousand Units)
Table 82 North America: Market Size, By Technology, 2015–2022 (USD Million)
Table 83 Europe: Agricultural Sprayers Market Size, By Country, 2015–2022 (USD Million)
Table 84 Europe: Market Size, By Country, 2015–2022 (Thousand Units)
Table 85 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 86 Europe: Market Size, By Type, 2015–2022 (Thousand Units)
Table 87 Europe: Market Size, By Farm Size, 2015–2022 (USD Million)
Table 88 Europe: Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 89 Europe: Market Size, By Crop Type, 2015–2022 (USD Million)
Table 90 Europe: Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 91 Europe: Market Size, By Capacity, 2015–2022 (USD Million)
Table 92 Europe: Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 93 Europe: Market Size, By Power Source, 2015–2022 (USD Million)
Table 94 Europe: Market Size, By Power Source, 2015–2022 (Thousand Units)
Table 95 Europe: Market Size, By Technology, 2015–2022 (USD Million)
Table 96 Asia Pacific: Agricultural Sprayers Market Size, By Country, 2015–2022 (USD Million)
Table 97 Asia Pacific: Market Size, By Country, 2015–2022 (Thousand Units)
Table 98 Asia Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 99 Asia Pacific: Market Size, By Type, 2015–2022 (Thousand Units)
Table 100 Asia Pacific: Market Size, By Farm Size, 2015–2022 (USD Million)
Table 101 Asia Pacific: Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 102 Asia Pacific: Market Size, By Crop Type, 2015–2022 (USD Million)
Table 103 Asia Pacific: Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 104 Asia Pacific: Market Size, By Capacity, 2015–2022 (USD Million)
Table 105 Asia Pacific: Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 106 Asia Pacific: Market Size, By Power Source, 2015–2022 (USD Million)
Table 107 Asia Pacific: Market Size, By Power Source, 2015–2022 (Thousand Units)
Table 108 Asia Pacific: Market Size, By Technology, 2015–2022 (USD Million)
Table 109 South America: Agricultural Sprayers Market Size, By Country, 2015–2022 (USD Million)
Table 110 South America: Market Size, By Country, 2015–2022 (Thousand Units)
Table 111 South America: Market Size, By Type, 2015–2022 (USD Million)
Table 112 South America: Market Size, By Type, 2015–2022 (Thousand Units)
Table 113 South America: Market Size, By Farm Size, 2015–2022 (USD Million)
Table 114 South America: Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 115 South America: Market Size, By Crop Type, 2015–2022 (USD Million)
Table 116 South America: Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 117 South America: Market Size, By Capacity, 2015–2022 (USD Million)
Table 118 South America: Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 119 South America: Market Size, By Power Source, 2015–2022 (USD Million)
Table 120 South America: Market Size, By Power Source, 2015–2022 (Thousand Units)
Table 121 South America: Market Size, By Technology, 2015–2022 (USD Million)
Table 122 RoW: Agricultural Sprayers Market Size, By Country, 2015–2022 (USD Million)
Table 123 RoW: Market Size, By Country, 2015–2022 (Thousand Units)
Table 124 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 125 RoW: Market Size, By Type, 2015–2022 (Thousand Units)
Table 126 RoW: Market Size, By Farm Size, 2015–2022 (USD Million)
Table 127 RoW: Market Size, By Farm Size, 2015–2022 (Thousand Units)
Table 128 RoW: Market Size, By Crop Type, 2015–2022 (USD Million)
Table 129 RoW: Market Size, By Crop Type, 2015–2022 (Thousand Units)
Table 130 RoW: Market Size, By Capacity, 2015–2022 (USD Million)
Table 131 RoW: Market Size, By Capacity, 2015–2022 (Thousand Units)
Table 132 RoW: Market Size, By Power Source, 2015–2022 (USD Million)
Table 133 RoW: Market Size, By Power Source, 2015–2022 (Thousand Units)
Table 134 RoW: Market Size, By Technology, 2015–2022 (USD Million)

List of Figures (38 Figures)

Figure 1 Agricultural Sprayers Market Segmentation
Figure 2 The Market For Agricultural Sprayers Segmentation, By Region
Figure 3 The Market For Agricultural Sprayers: Research Design
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown & Data Triangulation
Figure 7 Agricultural Sprayers Market, By Type, 2017 vs 2022
Figure 8 The Market For Agricultural Sprayers, By Farm Size, 2017 vs 2022
Figure 9 The Market For Agricultural Sprayers, By Power Source, 2017 vs 2022
Figure 10 Agricultural Sprayers Market: Regional Snapshot
Figure 11 Emerging Economies Offer Attractive Opportunities in the market for Agricultural Sprayers
Figure 12 Asia Pacific Segment Projected to Grow at Highest Rate, in Terms of Value
Figure 13 China Was the Largest Market for Agricultural Sprayers in the Asia Pacific Region in 2016
Figure 14 India is Projected to Be the Fastest-Growing Country-Level Market for Agricultural Sprayers From 2017 to 2022
Figure 15 Trailed Segment is Projected to Dominate During the Projected Period
Figure 16 Agricultural Sprayers Market in Asia Pacific is Experiencing A High Growth
Figure 17 Increasing Focus on Farm Efficiency and Productivity to Drive the Agricultural Sprayers Market Growth
Figure 18 Rice Production in Asian Countries (2014–2015)
Figure 19 Gross Agriculture Production Index: Asia
Figure 20 Handheld Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022 (Thousand Units)
Figure 21 Low-Volume Sprayers Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022
Figure 22 Medium Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022
Figure 23 Cereals Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022
Figure 24 Hydraulic Nozzle Spray Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022
Figure 25 Fuel-Based Segment is Expected to Dominate the Market for Agricultural Sprayers Through 2022
Figure 26 Geographic Snapshot (2017—2022): the Markets in North America are Projected to Register Moderate Growth
Figure 27 North America: Agricultural Sprayers Market Snapshot
Figure 28 Europe: Agricultural Sprayers Market Snapshot
Figure 29 Asia Pacific: Agricultural Sprayers Market Snapshot
Figure 30 John Deere: Company Snapshot
Figure 31 CNH Industrial: Company Snapshot
Figure 32 Kubota: Company Snapshot
Figure 33 Mahindra & Mahindra: Company Snapshot
Figure 34 Stihl: Company Snapshot
Figure 35 Agco Corporation: Company Snapshot
Figure 36 Yamaha: Company Snapshot
Figure 37 Bucher Industries: Company Snapshot
Figure 38 Exel Industries: Company Snapshot

The agricultural sprayers market is estimated to reach USD 1.86 Billion by 2017, and it is projected to reach USD 2.63 Billion by 2022, at a CAGR of 7.12% from 2017. In terms of volume, the market is projected to reach 306.9 thousand units by 2022. The agricultural sprayers market is driven by extensive changes in farming and spraying technologies. Moreover, increasing focus on farm efficiency and productivity, rising production of cereals & grains in Asian countries, and government support towards modern agricultural techniques are some of the major drivers driving the growth of the agricultural sprayers market. The major restraining factor for this market is the high initial investment. The types such as self-propelled and aerial sprayers need high initial investments, efficient farming tools, and skilled & knowledgeable farmers or growers.

The self-propelled and aerial segments are projected to be the fastest-growing types amongst the agricultural sprayers.

The cereals segment is estimated to dominate the agricultural sprayers amongst the crop types during the forecast period. Cereals is an important segment for the agricultural sprayers market as wheat and corn are grown abundantly in different regions. Corn is the third most widely grown cereal crop in the world, after wheat and rice. Thus, agricultural sprayers experience high demand from cereal producers to increase crop yield.

The trailed segment is estimated to dominate the agricultural sprayers market in terms of value. Although trailed sprayers are more economical for mid-size farms, but self-propelled are rising in popularity. With the objective of growing farm efficiency and rising technological advancements, farmers are re-considering their sprayers choices.

The Asia Pacific region dominated the agricultural sprayers market in 2016 and is projected to grow at the highest CAGR from 2017 to 2022, both in terms of value and volume.

India is projected to be the fastest-growing market in the region. The adoption rate of agricultural equipment in India is developing considerably. It is one of the top producers of cereals such as sorghum and pearl millet. The country ranks second in terms of agricultural production in the world. According to the World Bank, the total agricultural land in India was around 60.4% in 2014. Agriculture contributed to 17.3% of the total GDP of India in 2016.

High capital investment on modern agricultural equipment such as self-propelled sprayers and aerial sprayers act as a restraint for the agricultural sprayers market. However, the majority of the farmers are marginal farmers or small land holding farmers who find it difficult to invest in expensive equipment. Thus, the small-sized farms and low capital are the restraining factors for the adoption of advanced agricultural sprayers by the farmers.

The agricultural sprayers market is concentrated, with leading companies driving market growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as John Deere (US), CNH Industrial (UK), EXEL Industries (France), Kubota (Japan), AGCO Corporation (US)l, Bucher Industries (Switzerland), Mahindra & Mahindra (India)., and STIHL (Germany) have been profiled in the report. These leading players have adopted various strategies such as expansions, mergers & acquisitions, new product launches, and joint ventures/agreements to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

Small-scale players have also adopted these strategies to expand their businesses globally by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy enables them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.

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