The North American agricultural irrigation machinery market was valued at over USD XX in 2016 and is expected to reach USD XX in 2021, growing at a CAGR of XX% during the forecast period. AGCO has introduced new sets of tractors with increased horsepower. The challenger 1000 series is made according to the changing needs of the North America. Irrigation mechanization involves the methods through which the crucial and scarce resource of water can be optimally distributed. The most prominent of the mechanisms are the drip and sprinkler irrigation systems. Drip irrigation involves the release of water at the ground level in a drop-wise manner, whereas sprinkler systems deliver water in a more voluminous fashion.
Market Dynamics
In the present agricultural scenario, water scarcity is a major challenge and a key driver for the use of micro-irrigation machinery systems. In the majority of the countries, water scarcity leads to deterioration of the food production quality and quantity. Fragmented land needs a controlled amount of water and the irrigation system has proved fruitful in this area. Irrigated land is twice as productive as the rain-fed land.
Market Segmentation
The market is segmented by the type of irrigation into:
- Sprinkler Irrigation
- Drip Irrigation
Some of the key players in this market
- Nelson Irrigation Corporation
- Netafim Limited
- Rain Bird Corporation
- The Toro Company
- Valmont Industries
