Market Size of Irrigation Machinery Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 17.52 Billion |
| Market Size (2029) | USD 25.09 Billion |
| CAGR (2024 - 2029) | 7.46 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Irrigation Machinery Market Analysis
The Irrigation Machinery Market size is estimated at USD 17.52 billion in 2024, and is expected to reach USD 25.09 billion by 2029, growing at a CAGR of 7.46% during the forecast period (2024-2029).
- 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.
