Agricoltura
Optimistic Sales of Agricultural Sprayers Set to Push Market Growth at 6% CAGR, Reports Fact.MR Study
According to this intelligent Fact.MR study, tractor-mounted sprayers are gaining popularity among both small-scale farmers and large-scale end-users. Interestingly, large operators, who previously selected self-propelled sprayers are making a shift towards the use of tractor-mounted variants.
It has been noted that preference for the tractor-mounted agricultural sprayer over self-propelled variant is significantly backed by greater operational and maintenance costs, higher fuel consumption and limited application scope associated with the latter. Tractor-mounted agricultural sprayers provide operational flexibility, thereby, enabling end-users to manage both pest control and fertilization processes with a single equipment.
It has been estimated that sales of agricultural sprayers across APEJ are likely to reach 1.3 million units by 2020. Since the agriculture sector ominously contributes to the GDP of Asian countries, forecasts remain brawny for sales of high-tech farming machineries in the target region. As per this assessment, APEJ is projected to account more than 43% of the global agricultural sprayer sales until 2020. Furthermore, profits from agricultural sprayer sales in India and China would stay favorable, with vital developmental programs initiated by the governments in these nations.
Another crucial factor motivating the demand for agricultural sprayers is concerned with the rapid rise in the production of cereals and grains. In addition, the food fortification trend to fulfill nutrition-rich food requirements across the globe has undoubtedly pumped sales of agricultural sprayers by impressive numbers.
The final section of the study diligently drops light on the contributions by leading players functioning in the global agricultural sprayers market. Some of the prime players mentioned in the report are AGCO Corporation, STIHL, Mahindra & Mahindra, DJI, Bucher Industries, Yamaha Motor Sports, EXEL Industries, Kubota, CNH Industrial and Deere & Co. Each of these players are carefully assessed in terms of their product offerings, financials, services and several other factors.
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