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.
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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.
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Agricultural Irrigation Machinery Market in US Facts at a Glance-
- Total Pages: 120
- Companies: 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 others
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
- Segments: 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 irrigation machinery that provides pivot irrigation systems which includes center pivot irrigation, tubing, railroad signal infrastructure, moveable barrier systems and crash cushions.
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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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Smart Irrigation Systems Market by Technology and Geography - Forecast and Analysis 2021-2025: The smart irrigation systems market has the potential to grow by USD 1.07 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 13.65%. To get more exclusive research insights: Download Free Sample Report
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Agricultural Irrigation Machinery Market in US Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.97% |
Market growth 2022-2026 |
$ 881.82 billion |
Market structure |
Concentrated |
YoY growth (%) |
9.30 |
Performing market contribution |
US at 100% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Grains and cereals - Market size and forecast 2021-2026
- Pulses and oilseeds - Market size and forecast 2021-2026
- Fruits and vegetables - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- Sprinkler irrigation - Market size and forecast 2021-2026
- Drip irrigation - Market size and forecast 2021-2026
- Pivot irrigation - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Deere and Co.
- Jain Irrigation Systems Ltd.
- Lindsay Corp.
- Nelson Irrigation Corp.
- Netafim Ltd.
- Rain Bird Corp.
- T L Irrigation Co.
- The Toro Co.
- Valmont Industries Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
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SOURCE Technavio
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