Mechanized Irrigation Systems Market CAGR 8% From 2019 To 2024: Driven by Growing Farm Size, Share, Industry Demand, Upcoming Development

Mechanized Irrigation Systems Market CAGR 8% From 2019 To 2024: Driven by Growing Farm Size, Share, Industry Demand, Upcoming Development

“Mechanized Irrigation Systems Market”
Mechanized Irrigation Systems Market is expected to garner a revenue of USD 11 billion by 2024, with a CAGR of approximately 8% during the forecast period, Global Mechanized Irrigation Systems Market Research Report: Information by Type, Crop Type and Region | Mechanized Irrigation Systems Market Industry

Mechanized Irrigation Systems Market Scenario

The Global Mechanized Irrigation Systems Market is expected to garner a revenue of USD 11 billion by 2024, with a CAGR of approximately 8% during the forecast period, 2019–2024.  according to the latest research report from Market Research Future (MRFR). The report presents a detailed analysis of the global mechanized irrigation systems market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global mechanized irrigation systems market are assessed in detail in the report.

The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global mechanized irrigation systems market are also studied in the report and projections are made for the growth trajectory of each distinct component. The various segments and sub-segments within the global mechanized irrigation systems market are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global mechanized irrigation systems market and provides a detailed look at the various competitive strategies employed by players in the global mechanized irrigation systems market. Likely future conditions with respect to the competitive landscape of the market are also explained in detail in the report.

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Mechanized irrigation systems are widely used in affluent regions to provide water to large areas of plantations. Mechanized irrigation systems use machines in place of human labor to supply water to the whole area under cultivation. It can take the form of drip irrigation, wherein small holes are made in the piping in order to deliver water close to the roots of the plants, or sprinkler irrigation systems, wherein a network of sprinklers covers a large area of land, spraying the whole area with water. Mechanized irrigation systems are mainly a hallmark of the agriculture sector in regions where individual farmers own large tracts of land and thus can’t afford the physical labor to manually irrigate each crop. Thus, mechanized irrigation systems are mainly seen in North America and Europe. However, the growing land area under cultivation in emerging regions such as Asia Pacific, Latin America, and Africa is likely to lead to growing utilization of mechanized irrigation systems in these regions over the forecast period. Growing awareness and increasing affluence of farmers in these regions are also likely to remain key drivers for the mechanized irrigation systems market over the forecast period.

Competitive Analysis

Leading players in the global mechanized irrigation systems market include Valmont Industries Inc., The Toro Company, Hunter Industries (Senninger Irrigation), Alkhorayef Group, T-L Irrigation Co., Mexichem SAB de CV, Rain Bird Corporation, Premier Irrigation Adritec, Mahindra & Mahindra Ltd., Rivulis, Jain Irrigation Systems Ltd., Nelson Irrigation, and Lindsay Corporation.

Segmentation

The global mechanized irrigation systems market has been segmented based on type, crop type, and region.
 By Type, the global mechanized irrigation systems market has been classified into drip irrigation systems, sprinkler irrigation systems, and others.
 By Crop Type, the global mechanized irrigation systems market has been classified as cereals & grains, pulses & oilseeds, fruits & vegetables, and others. The growing demand for cereals and grains around the world is likely to lead the segment to top position in the global mechanized irrigation systems market over the forecast period.

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Regional Analysis

North America dominates the global mechanized irrigation systems market at present and is likely to remain the global leader over the forecast period, primarily due to the large farm sizes in North America. Larger farms require mechanized irrigation systems, as the physical effort to manually irrigate the crops can be too much to handle for the farmer. This, allied to the affluence of American farmers, has led to a growing demand from the North America mechanized irrigation systems market. However, the growing agriculture sector in Asia Pacific is expected to make the region the fastest growing regional market over the forecast period.

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