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Irrigation Machinery Trends and Forecast
The future of the global irrigation machinery market looks promising with opportunities in the agriculture, ornamental & sport, and industrial markets. The global irrigation machinery market is expected to reach an estimated $21.0 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand for food across worldwide and rising need for efficient irrigation systems for their better yield output.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Irrigation Machinery by Segment
The study includes a forecast for the global irrigation machinery by type, application, and region.
Irrigation Machinery Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Precision Irrigation
• Traditional Irrigation
Irrigation Machinery Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Agriculture
• Ornamental & Sports
• Industrial
• Others
Irrigation Machinery Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Irrigation Machinery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies irrigation machinery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the irrigation machinery companies profiled in this report include-
• Finolex Pipes
• Nelson Irrigation
• Rivulis Irrigation
• Netafim
• Rain Bird
• EPC Industries
• Lindsay
Irrigation Machinery Market Insights
Lucintel forecasts that precision irrigation is expected to witness highest growth over the forecast period.
Within this market, agriculture will remain the largest segment due to expanding use of water quality management system to save water and develop efficient crop production systems.
North America is expected to witness highest growth over the forecast period due to growing concern towards water scarcity and existence of supportive government initiatives in the form of subsidies for agriculture in the region.
Features of the Global Irrigation Machinery Market
Market Size Estimates: Irrigation machinery market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Irrigation machinery market size by type, application, and region in terms of value ($B).
Regional Analysis: Irrigation machinery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the irrigation machinery market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the irrigation machinery market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the irrigation machinery market size?
Answer: The global irrigation machinery market is expected to reach an estimated $21.0 billion by 2030.
Q.2 What is the growth forecast for irrigation machinery market?
Answer: The global irrigation machinery market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the irrigation machinery market?
Answer: The major drivers for this market are growing demand for food across worldwide and rising need for efficient irrigation systems for their better yield output.
Q4. What are the major segments for irrigation machinery market?
Answer: The future of the irrigation machinery market looks promising with opportunities in the agriculture, ornamental & sport, and industrial markets.
Q5. Who are the key irrigation machinery market companies?
Answer: Some of the key irrigation machinery companies are as follows:
• Finolex Pipes
• Nelson Irrigation
• Rivulis Irrigation
• Netafim
• Rain Bird
• EPC Industries
• Lindsay
Q6. Which irrigation machinery market segment will be the largest in future?
Answer: Lucintel forecasts that precision irrigation is expected to witness highest growth over the forecast period.
Q7. In irrigation machinery market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing concern towards water scarcity and existence of supportive government initiatives in the form of subsidies for agriculture in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the irrigation machinery market by type (precision irrigation and traditional irrigation), application (agriculture, ornamental & sports, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Irrigation Machinery Market, Irrigation Machinery Market Size, Irrigation Machinery Market Growth, Irrigation Machinery Market Analysis, Irrigation Machinery Market Report, Irrigation Machinery Market Share, Irrigation Machinery Market Trends, Irrigation Machinery Market Forecast, Irrigation Machinery Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Irrigation Machinery Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Irrigation Machinery Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Irrigation Machinery Market by Type
3.3.1: Precision Irrigation
3.3.2: Traditional Irrigation
3.4: Global Irrigation Machinery Market by Application
3.4.1: Agriculture
3.4.2: Ornamental & Sports
3.4.3: Industrial
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Irrigation Machinery Market by Region
4.2: North American Irrigation Machinery Market
4.2.2: North American Irrigation Machinery Market by Application: Agriculture, Ornamental & Sports, Industrial, and Others
4.3: European Irrigation Machinery Market
4.3.1: European Irrigation Machinery Market by Type: Precision Irrigation and Traditional Irrigation
4.3.2: European Irrigation Machinery Market by Application: Agriculture, Ornamental & Sports, Industrial, and Others
4.4: APAC Irrigation Machinery Market
4.4.1: APAC Irrigation Machinery Market by Type: Precision Irrigation and Traditional Irrigation
4.4.2: APAC Irrigation Machinery Market by Application: Agriculture, Ornamental & Sports, Industrial, and Others
4.5: ROW Irrigation Machinery Market
4.5.1: ROW Irrigation Machinery Market by Type: Precision Irrigation and Traditional Irrigation
4.5.2: ROW Irrigation Machinery Market by Application: Agriculture, Ornamental & Sports, Industrial, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Irrigation Machinery Market by Type
6.1.2: Growth Opportunities for the Global Irrigation Machinery Market by Application
6.1.3: Growth Opportunities for the Global Irrigation Machinery Market by Region
6.2: Emerging Trends in the Global Irrigation Machinery Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Irrigation Machinery Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Irrigation Machinery Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Finolex Pipes
7.2: Nelson Irrigation
7.3: Rivulis Irrigation
7.4: Netafim
7.5: Rain Bird
7.6: EPC Industries
7.7: Lindsay
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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