Irrigation Machinery Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||North America|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Irrigation Machinery Market Analysis
- The irrigation machinery is expected to register a CAGR of 9.5% during the forecast period.
- The climatic changes and the increase in global warming have brought changes in rainfall patterns, making irrigation in agriculture difficult. Hence, the use of irrigation machinery has made it easy to serve thousands of acres around the world. The most-used modern irrigation methods are sprinkler and drip irrigation. They primarily serve to sustain crop growth and moisture.
- Crucial factors, such as government subsidies and policies, technological innovations, and increasing concern over water scarcity, are driving the market's growth. Also, the market for irrigation machinery is anticipated to grow with increased scarcity of natural irrigation systems and enhanced demand for crop productivity.
- Sprinkler irrigation machinery is the largest segment in the global irrigation machinery market. Several leading market players are investing in R&D to develop innovative products and maintain a strong market foothold. The growing usage of efficient irrigation systems for their better yield output and other associated benefits is coupled with the continuous introduction of advanced models by key market players to make it the largest segment of the market studied.
- North America is considered the fastest-growing market. The companies located in the region are launching new products, thereby dominating the studied market with faster innovations and product launches. Government policies are also supplementing the growth of the market by providing various subsidies to the farmers.
Irrigation Machinery Industry Segments
Irrigation machinery used in supplying water to agricultural land and crops to promote hydration and growth is categorized as the agricultural irrigation system. The report presents a wide-ranging analysis of the global market size of agricultural irrigation machinery. To eliminate any double-count error in market estimations, bulk buyers procuring irrigation systems for retail sale, after value-addition through further processing, are not considered in the market.
The Irrigation Machinery Market is Segmented by Irrigation Type (Sprinkler Irrigation (Pumping Unit, Tubing, Couplers, Spray/Sprinkler Heads, Fitting and Accessories, Sensors, Controllers, Injectors, and Flow Meters), Drip Irrigation (Valves, Backflow Preventers, Pressure Regulators, Filters, Emitters, Tubing, and Other Drip Irrigations) Pivot Irrigation, and Other Irrigation Types), Application Type (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Other Application Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts in terms of value (USD million) for all the above segments.
|By Irrigation Type|
|Other Irrigation Types|
|By Application Type|
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Other Application Types|
Irrigation Machinery Market Trends
This section covers the major market trends shaping the Irrigation Machinery Market according to our research experts:
Subsidies from Governments and Support from Financial Institutions
Government organizations are promoting irrigation machinery in various countries to encourage the adoption of advanced irrigation technologies by providing multiple benefits or subsidies to farmers. These subsidies are helping farmers buy irrigation machinery to simplify the irrigation practices on the farm, thereby aiding the increased land under irrigation around the world. For instance, according to the World Data Atlas, the total irrigated area worldwide increased by 74,613 thousand hectares from 2019 to 2020. Additionally, in the United States, increasing water conservation and subsidies for drip irrigation are anticipated to enhance water consumption and crop yield. This is expected to augment the demand for drip irrigation machinery.
Along with this, Uganda is a region primarily dependent on agriculture. Still, the lack of water infrastructure and increasingly erratic rainfall due to climate change are just two of the challenges faced by its farmers. To help ease the hardships of farmers, the World Bank is supporting the Ministry of Agriculture and 40 local governments across Uganda as part of the Uganda Intergovernmental Fiscal Transfers Program for Results (UgIFT). In Sep 2020, the Board of Directors approved USD 300 million in additional financing to the UgIFT to boost local government (LGs) service delivery in education, health, water and environment, and micro irrigation, including in areas hosting large populations of refugees. This initiative helped farmers buy irrigation equipment at a lower cost, learn to use the irrigation equipment, and understand when and how to water crops.
The Indian government, under the Per Drop More Crop scheme, offers subsidies or financial assistance at a rate of 55% of the indicative unit cost to farmers and a rate of 45% to other cultivators in order to encourage farmers to install drip and sprinkler irrigation systems to promote the water use efficiency. This is expected to strengthen the market. Owing to favorable government policies regarding low-interest loans and subsidies for implementing modern and advanced irrigation systems, the irrigation machinery market is likely to witness significant growth worldwide.
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North America Dominates the Market
The rate of adoption of irrigation systems in North America has increased over the past few years. Water scarcity is a significant challenge and a key driver for using irrigation machinery systems. Micro irrigation systems, such as drip and sprinklers, reduce water wastage and increase productivity.
The growing sophistication of equipment and government initiatives in the form of subsidies is driving market growth. Water development programs at the federal, state, and local levels and improvements in groundwater pumping technologies are contributing to the expansion of the irrigated area in North America. Farmers in the region have been able to avail themselves of timely subsidies in the form of agriculture equipment loans at flexible interest rates and repayment schedules. This has helped even small-scale farmers invest in agricultural irrigation equipment, thereby expanding the market of irrigation systems.
For instance, the US government extends loans on farm equipment through USDA Direct Operating Loans, USDA Operating Microloans, and USDA Guaranteed Operating Loans. The 2018 Farm Bill further increased the farm loan limit for US farmers to better access credit for high capital costs related to agriculture systems, including irrigation systems. The availability of loans and subsidies is propelling the demand for agricultural irrigation machinery, resulting in the growth of the market studied in the country.
As reported by Statistique Canada, the total irrigated area in the country in 2020 was 605,907 hectares. With 345,581 hectares, the field crops contributed to most of the irrigation, while the forage crops accounted for 205,866 hectares. The large, irrigated area in the country is driving the market for irrigation machinery subsequently in the region.
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Irrigation Machinery Market Competitor Analysis
The irrigation machinery market is consolidated, with major players occupying a significant share of the market studied. These players include Orbia (Netafim Limited), Jain Irrigation Systems Limited, The Toro Company, Vamont Industries, and Rain Bird Corporation. These key players are investing in new product launches and acquisitions for business expansions.
Irrigation Machinery Market Top Players
Orbia (Netafim Limited)
Jain Irrigation Systems Ltd
The Toro Company
Rain Bird Corporation
*Disclaimer: Major Players sorted in no particular order
Irrigation Machinery Market Recent Developments
March 2022: John Deere entered a joint venture with SurePointAg Systems, a manufacturer of liquid fertilizer applications, spray tendering systems, and irrigation injection equipment. Through this, SurePoint will have access to Deere technologies to enhance productivity across a range of products
February 2022: Toro announced the launch of the Tempus Automation system for agriculture irrigation. This system is the first in the industry to feature 4G/Wi-Fi/LoRa/Bluetooth technology and outperforms the competition, especially in range, ease of installation, and use.
December 2021: Netafim India launched a ground-breaking field crops sprinkler irrigation system called Flexi Sprinkler Kit in India. This new product has a robust D-Net 3D diffusion arm that ensures the highest level of water distribution uniformity for higher crop yields.
Irrigation Machinery Market Report - Table of Contents
1.1 Study Assumptions & Market Definition
1.2 Scope Of The Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Irrigation Type
5.1.1 Sprinkler Irrigation
184.108.40.206 Pumping Unit
220.127.116.11 Spray/Sprinklers Heads
18.104.22.168 Fittings and Accessories
22.214.171.124 Flow Meters
5.1.2 Drip Irrigation
126.96.36.199 Backflow Preventers
188.8.131.52 Pressure Regulators
184.108.40.206 Other Drip Irrigations
5.1.3 Pivot Irrigation
5.1.4 Other Irrigation Types
5.2 By Application Type
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Other Application Types
5.3 By Geography
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Nelson Irrigation Corporation
6.3.2 Orbia (Netafim Limited)
6.3.3 EPC Industries Limited
6.3.4 Jain Irrigation Systems Limited
6.3.5 T-l Irrigation Co.
6.3.6 The Toro Company
6.3.7 Valmont Industries
6.3.8 Deere & Company
6.3.9 Lindsay Corporation
6.3.10 Rain Bird Corporation
6.3.11 Rivulus Irrigation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Irrigation Machinery Market Research FAQs
What is the study period of this market?
The Irrigation Machinery Market is studied from 2018 - 2028.
What is the growth rate of Irrigation Machinery Market?
The Irrigation Machinery Market is growing at a CAGR of 9.5% over the next 5 years.
Which region has highest growth rate in Irrigation Machinery Market?
North America is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Irrigation Machinery Market?
North America holds highest share in 2021.
Who are the key players in Irrigation Machinery Market?
Orbia (Netafim Limited), Jain Irrigation Systems Ltd, Valmont Industries, The Toro Company, Rain Bird Corporation are the major companies operating in Irrigation Machinery Market.
Irrigation Machinery Industry Reports
In-depth industry statistics and market share insights of the Irrigation Machinery sector for 2020, 2021, and 2022. The Irrigation Machinery research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Irrigation Machinery report PDF.