Agricultural Sprayers Market Predicted to Expand at a CAGR of 6.0% during Forecast Period, 2019-2027

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global agricultural sprayers market trends during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the agricultural sprayers market during the forecast period.

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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.
• APEJ is also expected to be the high-growth market for agricultural sprayers, led by led by varied developmental programs in the regions key economies – China and India.

What are the Key Growth Drivers of Agricultural Sprayers Market?

• The permeation of advanced technologies into the agricultural industry has provided an impetus to the way modern agricultural sprayers are engineered. Adoption of next-generation technologies is fostering new trends in the agricultural sprayers market.
• Preference of young farmers are shifting from traditional farming techniques to new-age farming technologies, driving demand for advanced more effective, and convenient agricultural sprayers.
• Agricultural sprayers’ sales will remain significantly upheld by the Rapid rise in the production of grains and cereals, in line with the food fortification trend to meet nutrition-rich food requirements worldwide.
• Leading players in the agricultural sprayers industry are introducing innovative products with high performance characteristics, in terms of precision control and panoramic visibility, with the adoption of the sensors technology.

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As the agriculture industry is rapidly progressing towards digitization, technological advancements are viewed as the bedrock upon which the new-generation agricultural equipment, including agricultural sprayers, are developed. Albeit new-established, the inextricable relationship between technologies and farming equipment has bolstered demand for more efficient and convenient agricultural sprayers. As customers are spurning conventional fuels, the applications of batteries have expanded beyond automobiles and consumer electronics. Farmers are opting for battery-powered agricultural sprayers over solar or manual counterparts, in line with the need for sustainable yet cost-effective spraying equipment.

Leading manufacturers in the agricultural sprayers industry are introducing battery-operated, rechargeable, and portable agricultural sprayers. In addition, incorporation of the battery technology is enabling manufacturers to take a step ahead towards manufacturing smart and intelligent agricultural sprayers, and ultimately gain a competitive edge in the market.