Agricultural Sprayers Market Competitive Analysis, Statistics, Regional, Demand, Development Status, Opportunities Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Agricultural Sprayers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agricultural Sprayers Market products.

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According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Agricultural Sprayers Market was valued at USD 3.6 Billion in the year 2017. Global Agricultural Sprayers Market is further estimated to grow at a CAGR of 5% from 2019 to reach USD 5.28 Billion by the year 2025. Agricultural Sprayers are devices used to apply insecticides, pesticides and other fertilizers to crops so as to control pests and insects causing diseases. They are widely used in agriculture and farming sector.

Major market players in Agriculture Sprayers Market CNH Industrial, Bucher Industries, Deere & Company, STIHL Holding AG & Co. KG, Hymatic Agro Equipment Pvt. Ltd., Chafer Machinery Ltd, S & K sprayers, Zhejiang Ousen Machinery Co. Ltd., Boston Crop Sprayers, Cleveland crop sprayers Ltd, and (A brief overview of 10 companies is also provide in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Asia Pacific region holds the highest Market share in 2017 and North America region is considered as the fastest growing Market in the forecasted period due to growing demand and rising population. At a country level, India, China, and Indonesia holds the notable Market share and is projected to grow strongly in the coming years due to the strongly growing crop sector and using Agricultural Sprayers as a dominant application.

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SWOT Analysis of Agriculture Sprayers Market:
Strength:
Increasing use of Agricultural Sprayers to control diseases
Weakness:
High investments to develop modern agriculture equipment
Opportunities:
High opportunities in Asia-pacific region
Growing preference for Agricultural Sprayers
Threats:
Low focus on R&D due to high costs

The segmentation is done on the basis of product, by capacity and by region. On the basis of products, the global Agricultural Sprayers Market is sub-segmented as Fuel-Based, Electric and Hand-Held of which the fuel-based segment is expected to grow at the highest CAGR during the forecasted period due to rise in consumption and rapidly growing population. The fuel-based segment is expected to hold around 52% of the global Market in terms of product.

Agriculture Sprayers Market Segmentation:
By Capacity
• Ultra-Low Volume Sprayers
• Low Volume Sprayers
• High Volume Sprayers

By Products
• Fuel-Based
• Electric
• Hand-Held

By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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