Global Irrigation Machinery Market Size By Type (Sprinkler Irrigation, Drip Irrigation), By Application (Crop, Non-Crop), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Irrigation Machinery Market size was valued at USD 4836.55 Million in 2024 and is projected to reach USD 12622.91 Million by 2031, growing at a CAGR of 12.74% during the forecasted period 2024 to 2031.
Think of it this waywater scarcity is a major push for the Irrigation Machinery Market in many countries. Using machines for irrigation is a fairly new thing in agriculture, and it's really fueling market growth. People prefer irrigation machinery over doing things by hand because it boosts productivity and yield per hectare, and it cuts down on water usage – which is a big deal for water conservation! All this, in turn, creates more demand for these machines. Plus, food demand is going up as the world's population grows, and that's ultimately helping the Irrigation Machinery Market grow too. Want the full picture? The Global Irrigation Machinery Market report gives you a holistic evaluation. It dives deep into key segments, trends, the things that help and hurt the market, the competition, and all the factors that really matter.
Global Irrigation Machinery Market Definition
Irrigation machinery? Think of it as the tools we use to give our crops a good drink, helping them grow nice and strong. Irrigation itself is just the way we get that water to the plants, like using streams or rivers as handy channels. With water being scarce in many places, these machines are a big deal. You'll often see sprinklers and pumps out there, especially when the rain isn't cooperating. Farmers rely on them, particularly when the weather throws us a curveball with sudden changes or a lack of rain. There's all sorts of irrigation gear for different jobs, too. For example, an automated system can really cut down on the manual work and help us use resources more efficiently. Learn more about irrigation.
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Global Irrigation Machinery Market Overview
Water shortage is a big problem in today’s agricultural scenario and is a driving force behind the use of irrigation machinery systems. Consolidation of farmlands in different parts of the world allows more farmers to invest in costly irrigation machinery, which drives the demand in the market. The market is also being driven by an increase in knowledge and awareness of drip irrigation systems. The drip irrigation segment is expected to grow at the fastest rate.
Subsurface drip irrigation systems are commonly used in developing countries to supplement fodder maize production. This helps the farmers to concentrate on the cattle while also ensuring that the animals have enough food. This results in significant financial savings and increased revenue in the global market for micro-irrigation systems. These factors in turn are propelling the growth of the Global Irrigation Machinery Market.
The high initial maintenance costs of automatic irrigation equipment, operational difficulties with automatic irrigation equipment, and the easy availability of substitutes could restrain the growth of the Irrigation Machinery Market. Also, the factor which can restrain the growth of Irrigation Machinery is the high cost that farmers have to bear, particularly when they are located far from a water source.
Global Irrigation Machinery MarketSegmentation Analysis
The Global Irrigation Machinery Market is Segmented on the basis of Type, Application, and Geography.
Irrigation Machinery Market, By Type
Sprinkler Irrigation
Drip Irrigation
Pivot Irrigation
Based on Type, the market is segmented into Sprinkler Irrigation, Drip Irrigation, and Pivot Irrigation. Due to the high demand in the farming sector, Pivot Irrigation holds the strongest market share in terms of Type of Irrigation machinery used.
Irrigation Machinery Market, By Application
Crop
Non-crop
Based on Application, the market is segmented into Crop and Non-crop. Due to the increasing use of greenhouse practices for various fruits, vegetables and field crops, the crop segment holds the strongest share in the market.
Irrigation Machinery Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Based on Geography, the Global Irrigation Machinery Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific leads the market due to technological advancements and increased availability of modern agricultural irrigation machinery.
Key Players
The “Global Irrigation Machinery Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Nelson Irrigation Corporation, Netafim Limited, EPC Industries Limited, Jain Irrigation Systems Limited, T-l Irrigation Co., The Toro Company, Valmont Industries, Deere & Company, Lindsay Corporation, and Rain Bird Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Nelson Irrigation Corporation, Netafim Limited, EPC Industries Limited, Jain Irrigation Systems Limited, T-l Irrigation Co., The Toro Company, Valmont Industries.
SEGMENTS COVERED
By Type
By Application
By Geography
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dig deep into the market using both numbers and, well, everything else! We break it down by segmentation, looking at economic stuff but also things that aren't about money. You'll get the market value (in USD Billion) for every piece of the puzzle. We'll point out which region and segment we think will be the rocketship – the fastest-growing and most dominant. Expect a geography-by-geography breakdown, showing where the product/service is being used and what's influencing the market in each place. Plus, we map out the competitive landscape, ranking the big players and tracking new service/product launches, partnerships, expansions, and acquisitions over the last five years. We include extensive company profiles with overviews, insights, benchmarking, and even SWOT analyses for the major players. We’ll give you a look at the current and future market, covering recent developments, growth opportunities, the driving forces, and the challenges/restraints in both emerging and established regions. We also offer an in-depth analysis using Porter’s five forces, provide insight through the Value Chain, and paint a picture of the market's dynamics, including future growth opportunities. Oh, and you also get 6 months of analyst support after your purchase.
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