South America agricultural sprayers market was valued at USD 642.9 million in 2017 and is expected to register a CAGR of 6.8% during the forecast period (2018-2023). In the year 2017, agricultural sprayers market revenue for Brazil was highest with USD 265.8 million followed by Argentina.
Demand for agricultural sprayers has been increasing due to technological developments in spraying machinery and changing farming trends which have resulted in making farming activities more efficient and environment-friendly. The average farm size in Brazil and Argentina is 65 hectare and 620 hectares which lead to higher demand for agricultural sprayers in these countries.
Changing Farming Trends
Advanced sprayers are one of most recently developed technologies, in terms of farming equipment. There is a huge transformation from traditional farming trends to modern farming trends. The recent trend is all about less tillage and this has brought many advancements, like self-propelled sprayers, for both pre- and post-plant treatments. Kastens and Kevin Dhuyvetter has compiled its own sprayer spreadsheet model for evaluating the sprayers on factors, like market price of the sprayers, number of seasons the sprayers can be used before they are sold, number of acres covered by the sprayers annually (depending on labor), operating efficiency of sprayers, fuel per hour, and many other factors. As the size of the farm is increasing, there is a huge demand from producers for sprayers. Self-propelled machines and pull-type sprayers are few types of sprayers that have been the beneficiaries of this trend. Self-propelled machines can be used whenever the producer is in need, however, it has huge initial investment. Self-propelled machines can be used in tall crops, like corn, and these are more suitable for chemical applications. Pull-type sprayers are one of the most commonly used sprayers that can be used by the producers with their existing tractors. This helps in saving the additional investment costs in horsepower and the maximum utilization of tractors. With these, farmers can save the maintenance of additional electric and hydraulic systems.
Lack of Technical Knowledge and Skill
Most farmers are generally unaware about the dosage limits and pesticides risks, thus, they require proper training about integrated pest management practices. Crop protection chemicals have the potential to kill the crops if they have overdosed (acute) or underdosed (chronic). With farmworkers, who are unaware about the dosage limits, were pesticides risks are higher, require proper knowledge about integrated pest management programs. This results is less adoption of the sparyers as farmers opt for broadcasting of the crop protection chemicals. Many farmers are not adopting sprayers in their farms, due to lack of technological skills. Farmers’ training is essential for using various sprayers. Lack of proper information and lack of economic means to gather and understand information needed to operate the sprayers are reasons for lower adoption rate of this farming approach. Improper usage can damage equipment and repairing them could be very expensive for the farmers. Operational, technical, and verbal skills are most needed skills for people who use sprayers to excel in the field. Improper skills will also lead to farmers not able to analyze information made available to them by equipment, which will lead to wrong decision making. This might destroy the crops leading to severe monetary losses.
Brazil Dominates the Agricultural Sprayers Market in terms of Revenue
Brazil accounts for around 41.3% share of the total agricultural sprayers market revenue in South America. The large size of agricultural lands in Brazil is a major reason behind the high demand for agricultural sprayers. The popularity of electrostatic sprayers is, especially increasing in the country, owing to the efficiency of the equipment.
Key Developments in the Market
July 2018– Deere and Company has signed a definitive agreement to acquire PLA to provide innovative, cost-effective equipment, technology and services to the customers to enhance their productivity.
January 2018 – AGCO opened a new production line of sprayers under brands Massey Ferguson and Valtra in Brazil which is expected to enhance the production volume of agricultural sprayers for the company in the region by 40%.
Major Players of South America Agricultural Sprayers Market
The major players include – AGCO, CNH Industrial, Deere & Company, DJI, Exel Industries and others.
Agricultural Sprayers Market
(2014 – 2023)
Largest Market Share by Revenue
AGCO, CNH Industrial, Deere & Company, DJI, Exel Industries and others.
South America Agricultural Sprayers Market offers the latest trends, growth prospects, industry competitiveness, major players, countries’ market share and forecast to 2023.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the South America agricultural sprayers market and growth trends during the forecast period
- The report outlines drives, restraints, and trends that are currently affecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights into the competitors’ overview and company share analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Technological Developments in Spraying Equipment
3.1.2 Changing Farming Trends
3.1.3 Increasing Size of Agricultural Land
3.2.1 Lack of Technical Knowledge and Skills
3.2.2 Impact of Beliefs and Traditional Practices
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Buyers
4.1.2 Bargaining Power of Suppliers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
5. Market Segmentation
5.1 By Source of Power
5.1.1 Manual Operated
5.1.2 Battery Operated
5.1.3 Solar Operated
5.1.4 Fuel Operated
5.2 By Usage
5.2.1 Field Sprayers
5.2.2 Orchard Sprayers
5.2.3 Gardening Sprayers
5.3 By Country
5.3.5 Rest of South America
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.2 CNH Industrial
7.3 Deere & Company
7.5 Exel Industries
7.6 HD Hudson
7.7 Hockley International Limited
7.8 Kubota Corporation
7.9 Mahindra & Mahindra Ltd
7.10 PLA Group
8. Future Outlook of the Market