Market Size of Europe Agricultural Sprayer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Agricultural Sprayers Market Analysis
The European agricultural sprayers market is expected to register a CAGR of 4.3% during the forecast period.
- Some companies have highly indulged in constantly upgrading their technology to meet the growing technology demand. For instance, companies like ASPEE and GUSS have been investing heavily in R&D to launch more advanced sprayers.
- With the enforcement of the new European Union Framework Directive on the sustainable use of pesticides, it is anticipated to enhance the value of the field crop and air-assisted sprayers market. The demand for production capacity is increasing directly with the rise in farms.
- The Spanish government has made it easier for farmers to acquire loans from banks to purchase agricultural equipment and forestry machinery, which is one of the major reasons for the high adoption rate of sprayers during the forecast period. Owing to technological advancements, vendors are introducing self-propelled sprayers and battery-operated sprayers, among others, to ease the work of farmers. For instance, solar-powered sprayers are gradually gaining the attention of farmers in Europe, as they can be charged using solar energy and electricity.
- Globally, Europe is the largest market for agricultural sprayers. The expanding farm sizes and an increase in replacement demand are some of the factors that are likely to fuel the growth of the agricultural sprayer market in Europe during the forecast period. Farm robotics and the adoption of new technologies are becoming increasingly popular in European agrarian lands.
- The introduction of robotics into the fieldwork, in turn, helps reduce the labor concerns currently witnessed in the European agricultural industry. Spraying and weeding robots are becoming immensely popular in the European market, with these being able to address the current labor issues and excess pesticide spraying challenges faced by the market.