Global Agricultural Sprayers Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 180 Pages
Agricultural sprayers are the equipment used for applying substances to plants in order to improve crop quality. These substances could be herbicides, pesticides or fertilizers and are widely used in agriculture and farming sectors. Rising awareness and shifting preference towards modern techniques for suitability and safety, increasing demand for self-propelled sprayers, growing production of crops, rising adoption of tractors are some of the factors that will likely to enhance the growth of the agricultural sprayers market in the forecast period of 2021-2028. On the other hand, escalating production of cereals & grains will further create new opportunities for the agricultural sprayers market in the above-mentioned period. The global agricultural sprayers market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)
Market Dynamics: Technological developments in spraying equipment
The advancements in technology have greatly affected the agricultural sector. Technology penetration in agriculture has eased the life of farmers and has indirectly increased their capital profit. Moreover, the awareness towards precision farming and increasing use of hi-tech agricultural equipment's has boosted the growth of technically advanced agricultural sprayers in agriculture sector. Moreover, various technologies such as drones and driverless sprayers, are providing important and attractive opportunities. Positioning technologies, such as combining GPS (global positioning system) and GIS (geographic information systems) have made yield mapping very easy and help farmers work in the field even under adverse weather conditions, such as fog, dust and rain. In order to meet the increasing demand for technology, there are companies that have greatly indulged in constantly updating their technology. For instance, companies like ASPEE and GUSS, are involved in making investment heavily in R&D to launch more advanced products. For instance, in 2018, Mahindra Tractors launched Grapemaster Bullet++. Grapemaster Bullet ++ is a tractor mounted sprayer for Vineyards that gives best performance with 17.9 kW (24 HP) and above tractors.
The high initial investment, however, is the main restraining factor for this market. High initial investments, efficient farming tools, and skilled & knowledgeable farmers or growers are required for self-propelled and aerial sprayer types.
Market Segmentation: Fuel-based segment is predicted to hold prominent share in the global market of agricultural sprayers
The global agricultural sprayers market has been segmented by energy source into fuel-based, electric & battery driven, manual handling and solar. The fuel-based segment is expected to hold the highest market share in the year 2020. The fuel-based crop sprayers run by use of conventional fuel such as diesel, gasoline, and petrol. The sprayer consists of an integrated or external spray tank, a high-pressure piston pump usually powered by a petrol engine, a pressure regulating valve and a hose. However, the fuel-based crop sprayers require expensive fuel and exhaust carbon dioxide as a pollutant that is harmful to the environment which might hamper the growth of the segment.
Based on capacity, the market has been segmented into ultra-low-volume, low-volume, and high-volume. Among these, the high-volume sprayers led the global agricultural sprayers market in 2020 and further expected to dominate during the forecast period. High volume sprayers usually spray solutions, prepared by mixing water with appropriate quantities of pesticides. This diluted mixture is sprayed by using hydraulic nozzles. The volume of liquid handled by high volume sprayers is more than 400 liters per hectare.
Geographical Penetration: Asia Pacific is the largest market for agricultural sprayers with a share of nearly XX% in 2020
By geography, Asia Pacific is expected to dominate the global agricultural sprayers market in the year 2019, growing with a CAGR of xx% during the forecast period. Asia-Pacific dominates the agricultural sprayers market due to growing agricultural practices owing to major occupation and rising import & export scenario in the region. 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 60.45% in 2019. GDP from agriculture in India averaged 4239.66 INR Billion from 2011 until 2020, reaching an all-time high of 6098.83 INR Billion in the fourth quarter of 2019.
The global agricultural sprayers market is highly fragmented. Some of the key players of market include Significant companies are expanding their networks by way of extending access to their products to a greater number of dealers. The other players in the market studied include local players that focus on the small-scale and medium-scale farmers, as compared to large-scale farmers, and cater to most of their farm equipment requirements accordingly. Some of the key players of market include Exel Industries, Deere & Company, H.D. Hudson Manufacturing Company, AGCO Corporation and Mahindra and Mahindra Ltd among others. In July 2018, Deere & Company has signed a definitive agreement to acquire PLA, a privately-held manufacturer of sprayers, planters, and specialty products for agriculture. PLA is based in Argentina, with manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil. In May 2019, John Deere expanded the top end of its 4-Series Sprayers with the introduction of its biggest sprayer yet - the 1,600-gallon (6057 liter) capacity R4060 Sprayer with the new CommandDrive powertrain. In addition, the existing R4045 Sprayer will come standard with CommandDrive beginning with Model Year 2020.
COVID-19 Impact: Decrease in sales of key players due to supply chain disruption
The spread of COVID-19 across the globe has contributed to supply chain disturbances across agricultural ecosystems, including the demand for agricultural sprayers. In the realistic scenario, it has been assumed that all 4 quarters of the financial year 2020 will see negative growth. Some recovery is expected by the first quarter of 2021, and the market might start picking momentum by the end of 2021. In this scenario, it has been assumed that COVID-19 will have a minimum impact from the first quarter of 2021. Major agricultural OEMs such as AGCO Corporation have reduced their sales guidance for the first half of FY 2020 by 10 to 20%, mainly due to disruptions in the supply chain. Most of the manufacturing facilities of these companies are operating below their standard capacity, which is expected to impact their sales negatively in the short- to medium-term. AGCO has stated that the net sales for the second quarter were approximately $2.0 billion, a decrease of approximately 17.2% compared to the second quarter of 2019. Net sales for the first six months of 2020 were approximately $3.9 billion, a decrease of approximately 10.9% compared to the same period in 2019.