World Agricultural Sprayers Market to See 7.12% CAGR to 2022, Says M&M in Its Report Published at MarketPublishers.com20 Nov 2017 • by Natalie Aster
LONDON – The agricultural sprayers market has gained traction in the recent past and is projected to increase from USD 1.86 billion in 2017 to amount to USD 2.63 billion by 2022, posting a 7.12% CAGR by value. The market growth is mainly propelled by the enormous changes in agricultural and spraying technologies. Furthermore, greater focus on agricultural efficiency and productivity, surging cereal & grain production in Asia, and government backup for modern farming techniques are amid the major factors stimulating the market growth. Meantime, the key restraint of the agricultural sprayers market is significant initial investments.
In 2016, the trailed segment grabbed the biggest share of the overall market by value. The APAC market is poised to see the fastest CAGR through to 2022. Agriculture is the key occupation in this region, specifically in the countries like China, Australia, India, Japan, among others. Thus, the expanding farming practices, usage of cutting-edge technological agricultural equipment, and requirement of high-quality farm produce are poised to propel the agricultural sprayers market in this region.
EXEL Industries, John Deere, Kubota, CNH Industrial, AGCO Corporation, Bucher Industries, Mahindra & Mahindra, and STIHL, amid others, are the leading players in the market space.
In-demand research publication “Agricultural Sprayers Market - Global Forecast to 2022” elaborated by M&M offers an extensive analysis of the market on a global level as well as explores the current situation across the leading regional and country markets. It provides information on the market’s background and current performance, dynamics, key driving factors, segmentation, shares, market sizing, growth rates, etc. The study gives an insightful overview of the competitive scenario, provides detailed profiles of the top market participants, sheds light on the most promising growth areas, canvasses emerging growth challenges and opportunities, and also offers 6-year forecasts of the agricultural sprayers market.
Visit M&M online page at MarketPublishers.com to find a full collection of the publisher’s reports.