Global Agricultural Irrigation Machinery Market - WishTree Insight

Global Agricultural Irrigation Machinery Market by Type (Drip Irrigation, Pivot Irrigation, and Sprinkler Irrigation), Application (Crop and Non-Crop), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Agricultural Irrigation Machinery market size was valued at USD 4.2 billion in 2022 and is expected to surpass USD 12.6 billion by 2032, expanding at a CAGR of 12.8 % during the forecast period, 2022–2032. The market's growth is attributed to the owing to developments in agriculture and the rising world population.

INTRODUCTION

Agricultural irrigation machinery refers to the equipment and systems used to deliver water to crops in order to sustain growth and improve crop yields. These systems can include various types of equipment, such as sprinklers, drip irrigation systems, pivot systems, and more.

The use of irrigation machinery in agriculture has many benefits. It allows farmers to grow crops in areas where water is scarce, improves crop yields, and reduces water consumption. Additionally, irrigation systems can help farmers to better control the amount of water and nutrients their crops receive, leading to healthier plants and higher yields.

The global market for agricultural irrigation machinery is driven by the increasing population, which leads to the growing demand for food, and the changing climate conditions that result in water scarcity and irregular rainfall. Developing countries are expected to be the major contributors to the market growth, due to the increasing investments in irrigation infrastructure, and the growing adoption of modern irrigation systems.

Overall, the global market for agricultural irrigation machinery is expected to grow at a steady pace in the coming years, as the demand for food continues to rise and the need for sustainable and efficient water management in agriculture becomes increasingly

Market Trends, Drivers, Restraints, and Opportunities

• Increasing population and food demand: With the global population projected to reach 9.7 billion by 2050, there is a growing need to increase food production to meet the demands of a larger population. Irrigation machinery plays a critical role in increasing crop yields and sustaining growth, which is why the market is expected to grow with the population.
• Climate change and water scarcity: Climate change is causing irregular rainfall patterns and water scarcity in many regions, making irrigation an essential tool for farmers. As a result, the market for irrigation machinery is expected to grow as farmers seek to adapt to changing weather patterns and water scarcity.
• Government support and investments: Governments around the world are investing in irrigation infrastructure and implementing policies to promote sustainable water management in agriculture. This is driving the demand for irrigation machinery and boosting the market growth.
• Technological advancements: Advancements in technology are improving the efficiency and precision of irrigation systems, making them more affordable and accessible to farmers. This is also increasing the adoption of irrigation machinery, boosting the market growth.
• Increasing adoption of precision agriculture: Precision agriculture is becoming more popular as it allows farmers to optimize the use of inputs such as water, fertilizer, and pesticides, which leads to increased crop yields and reduced costs. This is driving the demand for irrigation machinery which is equipped with precision technology.
• Increase in irrigated land: The global trend of expanding the irrigated land area is another significant factor boosting the market. This is because irrigation systems help farmers to produce more crops per unit area, which is essential to meet the increasing demand for food

Scope of the Report

Market Segment Insights

The pivot irrigation segment is projected to register a considerable CAGR

Based on type, the agricultural irrigation machinery market is divided into drip irrigation, pivot irrigation, and sprinkler irrigation. The pivot irrigation segment is expected to expand at a rapid pace during the forecast period owing to high demand in the farming sector. However, the drip irrigation segment is anticipated to hold a key share of the market in the coming years.

The crop segment is expected to expand at a rapid pace

Based on application, the agricultural irrigation machinery market is divided into crop and non-crop. The crop segment is expected to expand at a rapid pace during the forecast period owing to the increasing use of greenhouse practices for various fruits, vegetables, and field crops.

The Asia Pacific is anticipated to constitute a key market share

In terms of regions, the agricultural irrigation machinery market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to technological advancements and increased availability of modern agricultural irrigation machinery.

Competitive Landscape

Key players competing in the Agricultural Irrigation Machinery market are Jain Irrigation Systems Limited (India); Nelson Irrigation Corporation (U.S.); The Toro Company (U.S.); Netafim Limited (Israel); Valmont Industries (U.S.); EPC Industries Limited (India).

FAQs

How much is the market worth?

The Agricultural Irrigation Machinery market size was valued at USD 4.2 billion in 2022 and is expected to surpass USD 12.6 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 12.8%.

What are the key drivers of the market?

The market's growth is attributed to the owing to developments in agriculture and the rising world’s population.

What segments are covered in the Agricultural Irrigation Machinery report?

The segments covered in the report are type (drip irrigation, pivot irrigation, and sprinkler irrigation), and application (crop and non-crop).

Mention which region is expected to hold the highest share of the Agricultural Irrigation Machinery market.

The Asia Pacific region is expected to hold the highest share of the Agricultural Irrigation Machinery market.

Which segment holds the largest market share in Agricultural Irrigation Machinery by 2032?

The Crop segment holds the largest market share in Agricultural Irrigation Machinery by 2032.

Mention the key players in the market.

Jain Irrigation Systems Limited (India); Nelson Irrigation Corporation (U.S.); The Toro Company (U.S.); Netafim Limited (Israel); Valmont Industries (U.S.); EPC Industries Limited (India).