NEW YORK, Feb. 19, 2022– The Agricultural Irrigation Machinery Market Vendors in the US should focus on grabbing business opportunities from the Sprinkler Irrigation Segment as it accounted for the largest market share in the base year.
Moreover, the market share is expected to increase by USD 881.82 billion from 2021 to 2026, at an accelerated CAGR of 9.97% according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Segmentation Analysis & Forecasts
The agricultural irrigation machinery market share growth in the US by the sprinkler irrigation segment will be significant during the forecast period. The increase in preference for new models of sprinkler irrigation systems will accelerate the growth of the market during the forecast period. Some prominent vendors that offer sprinkler irrigation systems are Rain Bird Corp. and Lindsay Corp.
Agricultural Irrigation Machinery Market in US Facts at a Glance-
Total Pages: 120Companies: 10+ – Including Deere and Co., Jain Irrigation Systems Ltd., Lindsay Corp., Nelson Irrigation Corp., Netafim Ltd., Rain Bird Corp., T L Irrigation Co., The Toro Co., and Valmont Industries Inc. among othersCoverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysisSegments: Type (sprinkler irrigation, drip irrigation, pivot irrigation, and others) and Application (grains and cereals, pulses and oilseeds, fruits and vegetables, and others).
Vendor Insights-
The agricultural irrigation machinery market in US is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Deere and Co.- The company offers irrigation machinery that is used for lawn and garden, agriculture, construction, landscaping and grounds care, golf and sports turf, forestry, electronics, government and military sector.Jain Irrigation Systems Ltd.- The company offers irrigation machinery that is used in drip irrigation, micro and mini sprinklers, sprinkler irrigation, hose reel and boom irrigation, filters, dosing pump and injectors, PVC and piping systems, plumbing and drainage systems, plastic sheets, planting material, and environment controlled agriculture.Lindsay Corp.- The company offers Agricultural irrigation machinery that provides pivot irrigation systems which includes center pivot irrigation, tubing, railroad signal infrastructure, moveable barrier systems and crash cushions.
Latest Drivers & Trends Driving the Market-
Agricultural Irrigation Machinery Market in US Driver:High adoption of precision irrigation:
Precision irrigation has the potential to optimally match the irrigation requirement to increase the use of water and economic efficiencies by either reducing the cost of inputs or increasing the yield for the same inputs. Site-specific farming reduces costs and increases yields through efficient and effective crop inputs. Furthermore, it reduces the harmful impact on the environment by allowing farmers to apply the appropriate amount of inputs. The advancements in precision irrigation technology and mergers and acquisitions will further support the market growth during the forecast period. For instance, in August 2020, CropX, an irrigation systems company, partnered with Reinke Manufacturing to integrate its technologies with advanced precision irrigation technology. Agricultural Irrigation Machinery Market in US Trend:Growing popularity of time-based micro-irrigation practices:
Time-based micro-irrigation can be achieved using automated micro irrigation systems (smart sprinklers or smart irrigation controllers) to reduce water consumption and increase water usage efficiency. These smart irrigation systems draw on data from sensors instead of fixed timers to ensure timely irrigation. The systems also use weather forecasts and plant-care databases to determine watering needs and deliver just enough moisture at the right time. The growing popularity of time-based micro-irrigation practices has encouraged many vendors such as Hunter Industries, to offer smart sprinklers and irrigation controllers to carry out time-based irrigation. Thus, the growing popularity of time-based micro-irrigation practices in the US is anticipated to drive the growth of the market during the forecast period.
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