The global crop sprayer market revenue is expected to expand at a lucrative CAGR over the forecast period. Growth in the agriculture industry in developing economies and government support towards modern agricultural techniques across the globe is a major factor expected to drive growth of the global market over the forecast period.
Crop sprayers are used broadly into the spraying of herbicides, fungicides, insecticides, and fertilizers towards crops for safety and better productivity from crop-damaging microorganisms. These are mainly significant and essential source necessary for the expansion of crop, which furthermore supply protection from pests, insects, and other organisms. It is one of the oldest tools used by the farmers in agricultural production.
The global crop sprayer market report has been segmented on the basis of power source, capacity, technology and region.
On the basis of power source, the target market is segmented into fuel-based, electric and hand-held. Due to technological advancements in fuel-based sprayers, this segment is expected to be the largest segment by source of power.
On the basis of capacity, the target market is segmented into ultra-low volume sprayers, low volume sprayers and high volume sprayers. The high volume sprayers segment is estimated to hold key share of the market during the forecast period.
On the basis of technology, the market classified into hydraulic nozzle spray technology (hydraulic spray systems), air-assisted electrostatic spray technology, variable rate technology (VRT) and others.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue over the forecast period. Agriculture is the major occupation and has a huge regional spread which consist of countries such as China, India and Japan. Thus, the increasing agricultural practices, use of advanced technological farm equipment, and requirement of high-quality agricultural produce are expected to drive the target market in this region.
Key players operating in the global market include Chafer Machinery Ltd, Zhejiang Ousen Machinery Co., Ltd., CNH Industrial, Bucher Industries, Deere & Company, Taizhou Sunny Agricultural Machinery Co., Ltd., Exel Industries, STIHL Holding AG & Co. KG, Hymatic Agro Equipment Pvt. Ltd., ASPEE Group and others.
In Dec 2016, New Holland Agriculture has introduced three new intelligent technology offerings across multiple product lines. This new innovative sprayer nozzle technology provides unmatched product delivery.