Infinium Global Research Agriculture Sprayers Market | Page 8

Agricultural Sprayers Market: Global Industry Analysis, Trends, Market Size and Forecasts
up to 2023
validate the global market size of agricultural sprayers. With the help of primary interviews
and secondary research the market size of agricultural sprayers is determined for each
country studied, which then is added to arrive at regional market size and thereby obtaining
global market size. This in turn helps us to validate the market size of agricultural sprayersin
the world market.
Executive Summary
Global Agricultural Sprayers Market Highlights, (USD Million)
The global agricultural sprayers market is expected to grow at a CAGR of 6.6% between
2017 and 2023 in terms of value.The global agriculture industry has evolved over the years
and the trends for mechanised agriculture have taken over the conventional agriculture.
Lack of skilled work force and decreased farm sizes has resulted in use of mechanical
equipment to increase the farm productivity. The agricultural sprayers are used for various
applications such as spraying herbicides, pesticides, and insecticides among others. The
innovations in the agriculture mechanical tools have brought about several changes in the
agricultural sprayers market. There are varieties of sprayers available in the market.
The global agricultural sprayers market is driven by factors such as innovations in
agriculture sprayers, increased focus of the farmers to use modern tools to increase the
farm productivity, growing demand for grains and vegetables in the world market due to
growing population. Moreover, government support for farmers in emerging markets is
likely to support the growth in this market over the forecast period.
Geographically, Asia-Pacific region accounted for the largest market share in the
agricultural sprayers market over the period of 2016 to 2017. This trend is projected to
continue over the forecast period, as the majority of the economies in the region are
agriculture-based economies. Moreover, Europe is projected to be the second largest
market for the agricultural spray ers. The leading players in the global agricultural sprayers
market include Bgroup, Amazonen-Werke, Exel Industries, DJI, Bucher Industries, Yamaha,
Agco Corporation, Stihl, Mahindra & Mahindra, and John Deere.
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