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Growing Farm Sizes and Corporatization Predicted to Drive the Global Agriculture Sprayer Market Through 2020, Says TechnavioAccording to the latest research study released by Technavio, the global agriculture sprayer market is expected to reach USD 4.48 billion by 2020. This research report titled 'Global Agriculture Sprayer Market 2016-2020', provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various end-user segments, including fuel-based, electric, and hand-held market. Closing yield gaps is a viable option to increase crop production and improve productivity. For instance, the actual yield of agricultural crops in North America is approximately 65%, with 35% being the yield gap. One of the essential components in the closing of yield gaps is the timely replacement of old and outdated agricultural machinery, which results in the smooth running of agricultural operations, cost reduction, improvement in productivity, and revenue generation. This factor will fuel demand in mature markets such as North America and Western Europe, where farmers replace older machinery with technologically sophisticated machinery seek to increase efficiency. Request sample report: http://bit.ly/1Yp5S4B "Farms owned and operated by small families have undergone corporatization, which is expected to continue. A large population of older adult farmers are selling their farm owing to the need for income security after retirement. The huge areas of land and capital available to corporations make them ideal for large-scale mechanized farming, leading to greater usage of mechanized sprayers," said Abhay Sinha, one of Technavio's lead analysts, specializing in research on agricultural equipment. "Refilling of fertilizers or chemicals is a time-consuming process. Mechanized sprayers enable farmers to fertilize their farm land efficiently, quickly, and effectively, making it a viable and economical option," added Abhay. Global agriculture sprayer market by type 2015
Source (News - Alert): Technavio research Global fuel-based agriculture sprayer market The global fuel-based agriculture sprayer market was valued at USD 1.92 billion in 2015. Fuel-based agriculture sprayers have high capacity and are highly efficient. The overall manufacturing cost of fuel-based sprayers is relatively low. Since they are low-priced and readily available in the market, they are high in demand compared to electric agriculture sprayers. As a result, their adoption rate is high in developing regions such as APAC and ROW, where the majority of farmers belong to the low-income group and cannot afford electric or other expensive self-propelled sprayers. Global electric agriculture sprayer market The global electric agriculture sprayer market was valued at USD 1.03 billion in 2015. The global electric agriculture sprayer market is growing steadily. With increased awareness and concern among farmers, along with the government initiatives to reduce pollution and dependence on fossil fuels, the demand for electric sprayers is on the rise. Electric sprayers are more economical and weigh less than their fuel-powered counterparts, making them easy to maneuver. Owing to technological advances, vendors are introducing self-propelled sprayers and battery-operated sprayers, among others, to ease the work of farmers. For instance, solar-powered sprayers are gradually gaining the attention of farmers as they can be charged using solar energy as well as electricity. Global hand-held agriculture sprayer market The global hand-held agriculture sprayer market was valued at USD 520 million in 2015. The global hand-held agriculture sprayer market is growing moderately. The market penetration of hand-held sprayers is observed more in developing countries such as India and Mexico as these sprayers are inexpensive compared to other types of sprayers. Hand-held sprayers are suitable for spraying on small farms or spot treatments on larger farms. Browse related reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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