Agricultural Sprayers Market: Asia Pacific excluding Japan (APEJ) Remains the Le

Posted by Arslan on July 1st, 2019

The “Agricultural Sprayers Market Forecast, Trend Analysis & Competition Tracking –Global Market Insights 2019-2027” is a comprehensive report published by Fact.MR that assesses the prominent growth parameters of agricultural sprayers market. The report features the information acquired on assessing information and facts about agricultural sprayers market through
an extensive market research.

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.

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In Brief:

• The agricultural sprayers market grew at a volume CAGR of 4.5% during the period 2013-2018, underpinned by the transition from traditional farming methods to their high-tech variants.
• In 2018, the sales of of agricultural sprayers surpassed 2,780 thousand units, and are estimated to record a Y-o-Y growth of over 5.0% in 2019. Companies in the agricultural sprayers industry have introduced high-precision and more convenient agricultural sprayers, to help farmers boost efficiency and profitability of farming procedures.
• The technology of agricultural sprayers has witnessed significant advancements, with growing needs for improved efficiency, accuracy, and productivity in agricultural spraying. The global market for agricultural sprayers is expected to register a volume CAGR of 6% through 2027.
• Asia Pacific excluding Japan (APEJ) remains the leading market for agricultural sprayers, as farming remains a prominent occupation in most economies in the region.

Chapter Wise Analysis

Chapter 1 – Global Agricultural Sprayers Market - Executive Summary
This chapter provides the outlook of key growth prospects as a results of thorough analysis on the agricultural sprayers market. It also provides quick insights on the summary of global agricultural sprayers demand and supply across the world.

Chapter 2 – Market Overview
Definition of agricultural sprayers market is included in this chapter along with a detailed introduction to agricultural sprayers market with the help of the market structure. This chapter offers an information on prospects the agricultural sprayers market will grow during 2019-2027 in terms of
value (US$ billion) and volume (units).

Chapter 3 – Key Market Trends
This chapter provides thorough information about key trends in the agricultural sprayers market and how these trends will influence prospects of the market in coming future.

Chapter 4 – Market Background
With the help of the outlook of agriculture sector and investments in the sector across various regions, % share of agriculture in a country’s GDP, and overview of the fertilizers market and the insecticides and herbicides market, this chapter explains their effect on the market for agricultural
sprayers. It also provides unique information about the influence of the policy and regulatory landscape along with other macroeconomic factors on the growth of the agricultural sprayers market during 2019-2027.

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.

Agricultural Sprayers – Competitive Landscape

• CNH Industrial N.V. – a leading capital goods company headquartered in the United Kingdom – announced the launch of its new Miller Nitro® series sprayers — the Miller Nitro 7370 and 7410 front boom models — in August 2018.
• AGCO Corporation – an American agricultural equipment manufacturer – announced the opening of its new agricultural sprayer production line in Brazil with its core brands Massey Ferguson and Valtra, in January 2018.
• Cummins, a leading manufacturer of engines, filtration, and power generation products, recently announced that it has collaborated with Crinklaw Farm Services Inc., a California-based agribusiness service provider, to launch world’s first and only autonomous orchard sprayer – Global Unmanned Spray System (GUSS).