In-depth analysis and data-driven insights on the impact of COVID-19 included in this global sprayer market report.
The global sprayer market is expected to grow at a CAGR of 4.6% during the period 2019−2025.
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Sprayer Market – Segmentation
Sprayer Market by Product
Sprayer Market by Application
Sprayer Market by Fuel Type
Sprayer Market by Distribution Channel
Sprayer Market – Dynamics
The market for agriculture sprayer has doubled in the past five years. One of the major reasons for the rise in sprayer ownership is that many farmers in recent years have increased their land area for farming, which gives them a real cost-per-acre advantage, thereby increasing the need for sprayers. Managing farms require capital, land and human resources, technological applications, and social and political arrangements. Modern equipment and machinery and the level of education and training available to farmers ensure better management of farms with increased productivity. Corp rotation, seasonal oil change, field scouting, and water drainage systems are some of the well-known methods to increase crop yield. Methods to control diseases, insects and weeds, and efficient use of irrigation and fertilizers are crucial factors for increasing productivity. These rising concerns have propelled the demand for sprayers in the farming industry.
Key Drivers and Trends fueling Market Growth:
Sprayer Market – Geography
The US government is offering farming equipment loans at flexible interest rates and repayment schedules. This is helping small scale farmers to purchase farming equipment, including sprayers. For instance, the US government has extended loans for agriculture equipment, USDA microloans, guaranteed operating loans, and direct operating loans. In 2018, the farm bills authorized an amendment to increase loan limits, encouraging farmers to buy technologically advanced sprayers on credit. Canada also has subsidies on high priced farming equipment. Drone sprayers are used for both commercial and agriculture applications in the US. However, the adoption rate is less in Canada. With the increasing number of orchards in the country, Canada has huge potential for the drone sprayer market. Agriculturists consider drones to be cost effective and an agronomically sensible tool for agricultural activities.
Sprayer Market by Geography
Major Vendors
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