Irrigation Equipment Market by Component, Irrigation Type, Application

Description

List of Tables

Irrigation Equipment Market by Component (Tubing, Sprinklers, Emitter, Drippers, Pumping, Filters, Connectors, Sensors, Regulators), Irrigation Type (Drip, Sprinkler, Pivot Irrigation), Application (Agricultural, Non-agricultural)-Global Forecast to 2031

According to the research report titled 'Irrigation Equipment Market by Component (Tubing, Sprinklers, Emitter, Drippers, Pumping, Filters, Connectors, Sensors, Regulators), Irrigation Type (Drip, Sprinkler, Pivot Irrigation), Application (Agricultural, Non-agricultural)-Global Forecast to 2031,' the irrigation equipment market is projected to reach $15.75 billion by 2031, at a CAGR of 9.3% from 2024 to 2031. The report provides an in-depth analysis of the irrigation equipment market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges.

The growth of the irrigation equipment market is driven by increasing water scarcity, government initiatives for water conservation, and the growing need to mechanize agricultural operations. However, the high costs of implementing and maintaining advanced agricultural irrigation equipment restrain the growth of this market.

Furthermore, technological advancements in irrigation equipment and increasing automation in irrigation systems are expected to generate growth opportunities for the stakeholders in this market. However, the lack of awareness regarding advanced irrigation technologies is a major challenge impacting the market's growth.

Additionally, the increasing adoption of precision farming techniques and the emergence of Irrigation as a Service (IaaS) are prominent trends in the irrigation equipment market.

Key Players

The key players operating in the global irrigation equipment market are The Toro Company (U.S.), Jain Irrigation Systems Limited (India), Netafim Ltd. (Israel), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Hunter Industries Inc (U.S.), Rain Bird Corporation (U.S.), T-L Irrigation Company (U.S.), Reinke Manufacturing Co., Inc. (U.S.), Rivulis Irrigation Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Irritec S.p.A (Italy), Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China), and Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel).

Based on component, the global irrigation equipment market is segmented into tubing, emitter/drippers, irrigation valves, filters, sprinklers, irrigation controllers, sensors, pumping, connectors, pressure regulators, monitoring & controlling devices, and other components. In 2024, the tubing segment is expected to account for the largest share of the global irrigation equipment market.

The segment's large share is attributed to the increasing uptake of drip and sprinkler irrigation techniques, supportive governmental policies, ongoing advancements in tubing technology, and the lack of viable substitutes for tubing in irrigation systems. Moreover, this segment is also slated to register the highest CAGR during the forecast period of 2024-2031.

Based on irrigation type, the irrigation equipment market is mainly segmented into drip irrigation, sprinkler irrigation, pivot irrigation, and other irrigation types. In 2024, the drip irrigation segment is expected to account for the largest share of the global irrigation equipment market. The segment's large market share is attributed to several factors, including technological advances in drip irrigation systems, increasing acceptance of advanced agricultural practices, and escalating product launches by key market players. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024-2031.

Based on application, the global irrigation equipment market is primarily segmented into agricultural irrigation equipment and non-agricultural irrigation equipment. In 2024, the agricultural irrigation equipment segment is expected to account for the larger share of the global irrigation equipment market. The segment's large market share can be attributed to the expanding agricultural land area, the uptake of advanced irrigation methods in farming, escalating water scarcity issues in agriculture, and the presence of numerous suppliers of agricultural irrigation equipment. Additionally, advancements in agricultural technologies and governmental efforts aimed at promoting sustainable agricultural practices are further expected to support the growth of this segment during the forecast period of 2024-2031.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major geographies (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. North America is expected to witness significant growth during the forecast period of 2024-2031, mainly driven by the increasing adoption of autonomous and precision irrigation solutions, driven by advancements in technology and the integration of global positioning systems (GPS) into irrigation equipment. Moreover, in Canada, Brazil is slated to register the highest CAGR during the forecast period of 2024-2031.

Key Questions Answered in the Report:

What is the value of revenue generated by the irrigation equipment market?
At what rate is the global demand for irrigation equipment projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the irrigation equipment market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which component, irrigation type, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the irrigation equipment market?
Who are the major players in the irrigation equipment market? What are their specific product offerings in this market?
What recent developments have taken place in the irrigation equipment market? What impact have these strategic developments created on the market?

Scope of the Report:

Global Irrigation Equipment Market Assessment-by Components

Tubing
Sprinklers
Emitter/Drippers
Pumping
Irrigation Valves
Filters
Connectors
Irrigation Controllers
Sensors
Monitoring & Controlling Devices
Pressure Regulators
Other Components

Global Irrigation Equipment Market Assessment-by Irrigation Type

Drip Irrigation
Sprinkler Irrigation
Pivot Irrigation
Other Irrigation Types

Global Irrigation Equipment Market Assessment-by Application

Agricultural Irrigation Equipment
Open-field Agriculture
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Other Crop
Closed-field Agriculture
Non-agricultural Irrigation Equipment
Golf Courses & Sports Grounds
Commercial Areas
Residential Areas

Global Irrigation Equipment Market Assessment-by Geography

Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
North America
U.S.
Canada
Europe
France
Germany
Italy
U.K.
Spain
Rest of Europe
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa

Product Code: MRAGR - 104694

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Irrigation Equipment Market, By Component
- 3.2.2. Irrigation Equipment Market, By Irrigation Type
- 3.2.3. Irrigation Equipment Market, By Application
3.3. Irrigation Equipment Market-Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Increasing Water Scarcity Driving the Demand for Irrigation Equipment
- 4.2.2. Government Initiatives for Water Conservation Supporting Market Growth
- 4.2.3. Growing Need to Mechanize Agricultural Operations Increasing the Adoption of Irrigation Equipment
- 4.2.4. High Costs of Implementing and Maintaining Advanced Agricultural Irrigation Equipment Restraining Market Growth
- 4.2.5. Technological Advancements in Irrigation Equipment Expected to Accelerate Market Expansion
- 4.2.6. Increasing Automation in Irrigation Systems Expected to Generate Growth Opportunities for Market Stakeholders
- 4.2.7. Lack of Awareness Restricting the Adoption of Advanced Irrigation Technologies
4.3. Key Trends
- 4.3.1. Increasing Adoption of Precision Farming Techniques
- 4.3.2. Emergence of Irrigation as a Service (IaaS)
4.4. Porter's Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition

5. Irrigation Equipment Market Assessment-by Component

5.1. Overview
5.2. Tubing
5.3. Sprinklers
5.4. Emitter/Drippers
5.5. Pumping
5.6. Irrigation Valves
5.7. Filters
5.8. Connectors
5.9. Irrigation Controllers
5.10. Sensors
5.11. Monitoring & Controlling Devices
5.12. Pressure Regulators
5.13. Other Components

6. Irrigation Equipment Market Assessment-by Irrigation Type

6.1. Overview
6.2. Drip Irrigation
6.3. Sprinkler Irrigation
6.4. Pivot Irrigation
6.5. Other Irrigation Types

7. Irrigation Equipment Market Assessment-by Application

7.1. Overview
7.2. Agricultural Irrigation Equipment
- 7.2.1. Open-field Agriculture
  - 7.2.1.1. Cereals & Grains
  - 7.2.1.2. Fruits & Vegetables
  - 7.2.1.3. Oilseeds & Pulses
  - 7.2.1.4. Other Crops
- 7.2.2. Closed-field Agriculture
7.3. Non-agricultural Irrigation Equipment
- 7.3.1. Golf Courses & Sports Grounds
- 7.3.2. Commercial Areas
- 7.3.3. Residential Areas

8. Irrigation Equipment Market Assessment-by Geography

8.1. Overview
8.2. Asia-Pacific
- 8.2.1. China
- 8.2.2. India
- 8.2.3. Japan
- 8.2.4. Australia
- 8.2.5. Rest of Asia-Pacific (RoAPAC)
8.3. North America
- 8.3.1. U.S.
- 8.3.2. Canada
8.4. Europe
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. Italy
- 8.4.4. U.K.
- 8.4.5. Spain
- 8.4.6. Rest of Europe (RoE)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies
9.5. Market Share Analysis

10. Company Profiles

10.1. Nelson Irrigation Corporation
- 10.1.1. Company Overview
- 10.1.2. Product Portfolio
- 10.1.3. Strategic Developments
10.2. Netafim Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Overview
- 10.2.3. SWOT Analysis: Netafim Ltd.
- 10.2.4. Product Portfolio
- 10.2.5. Strategic Developments
10.3. Jain Irrigation Systems Limited
- 10.3.1. Company Overview
- 10.3.2. Financial Overview
- 10.3.3. SWOT Analysis: Jain Irrigation Systems Limited
- 10.3.4. Product Portfolio
- 10.3.5. Strategic Developments
10.4. T-L Irrigation Company
- 10.4.1. Company Overview
- 10.4.2. Product Portfolio
- 10.4.3. Strategic Developments
10.5. Valmont Industries, Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Overview
- 10.5.3. SWOT Analysis: Valmont Industries, Inc.
- 10.5.4. Product Portfolio
- 10.5.5. Strategic Developments
10.6. Lindsay Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Overview
- 10.6.3. SWOT Analysis: Lindsay Corporation
- 10.6.4. Product Portfolio
- 10.6.5. Strategic Developments
10.7. The Toro Company
- 10.7.1. Company Overview
- 10.7.2. Financial Overview
- 10.7.3. SWOT Analysis: The Toro Company
- 10.7.4. Product Portfolio
- 10.7.5. Strategic Developments
10.8. Rain Bird Corporation
- 10.8.1. Company Overview
- 10.8.2. Product Portfolio
- 10.8.3. Strategic Developments
10.9. Galcon Bakarim Agricultural Cooperative Society Ltd.
- 10.9.1. Company Overview
- 10.9.2. Product Portfolio
10.10. Chinadrip Irrigation Equipment (Xiamen) Co., Ltd.
- 10.10.1. Company Overview
- 10.10.2. Product Portfolio
- 10.10.3. Strategic Developments
10.11. Rivulis Irrigation Ltd.
- 10.11.1. Company Overview
- 10.11.2. Product Portfolio
- 10.11.3. Strategic Developments
10.12. Irritec S.p.A
- 10.12.1. Company Overview
- 10.12.2. Product Portfolio
- 10.12.3. Strategic Developments
10.13. Reinke Manufacturing Co., Inc.
- 10.13.1. Company Overview
- 10.13.2. Product Portfolio
- 10.13.3. Strategic Developments
10.14. Hunter Industries, Inc.
- 10.14.1. Business Overview
- 10.14.2. Product Portfolio
- 10.14.3. Strategic Developments

11. Appendix

11.1. Available Customization
11.2. Related Reports