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Published Date: 2016-04-15Number of Pages: 108

Mechanized Irrigation Systems Market (Type - Center Pivot Irrigation Systems and Lateral Move Irrigation Systems; Application - Land Application of Wastes, Nursery Crops, Agricultural Crop, and Lawns & Gardens) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Mechanized Irrigation Systems Market: Snapshot

World’s population is escalating, estimated to reach nine billion by 2050, which would mean the current production of food crop should double in quantity. With depleting arable land, the demand for methods that increase the production capacity of farms is increasing, which in turn is reflecting positively on the global mechanized irrigation systems market. This report projects the demand in the global mechanized irrigation systems market to increment at a robust CAGR of 14.9% during the forecast period of 2016 to 2024. Some of the key factors driving this market are: higher returns on investment in comparison to alternatives, efficiency in usage of water resources, especially in the drought-prone areas, growing government support in the emerging economies, and outreach of new technologies in the developing nations. On the other hand, high initial investment and consistent requirement of maintenance are two important restraints faced by the global mechanized irrigation systems market. 

As per the evaluation of the report, the global mechanized irrigation systems market was worth US$10.0 bn in 2015, and estimates it to swell to a worth of US$35.0 bn by the end of 2015. As mechanized irrigation systems are adaptable to diverse conditions of crop, weather, soil type, and field conditions, the vendors operating in this market are expected to gain ample of opportunities in all regions across the globe.

Center Pivot Irrigation Systems Most Profitable Segment

Based on product type, the global mechanized irrigation systems market is segmented into center pivot irrigation and lateral move irrigation, with the former segment accounting for more than two-third of the demand in 2015. Since the choice of mechanized irrigation systems depends on physical location of the arable land, overall investment, source of water supply, and weather conditions, pivot irrigation are seen to be more adaptable than later move irrigation and is anticipated to stay as the most profitable throughout the forecast period.

Application-wise, the report categorizes the global mechanized irrigation systems market into land application of wastes, agricultural crops, laws and gardens, and nursery crops. In 2015, agricultural crops category accounted for about 68% of the demand, gaining traction from growing food demand and increased focus by developed and emerging economies to minimum usage of water.

North America Serving Maximum Demand

Across all major regions explored by this report, including North America, South and Central America, Europe, Asia Pacific, and the Middle East and Africa, North America accounted for the maximum, 34% of the demand in 2015. This substantial demand was primarily caused by the developed countries of the U.S. and Canada. Some of the states in the U.S., such as Montana, California, Idaho, Colorado, and Arkansas have total irrigated acres and surface water withdrawals, whereas states such as Texas, Oklahoma, Kansas, South Dakota, and Nebraska use groundwater as their primary source of water.

The global mechanized irrigation systems market is fragmented, with most of the major players actively looking for mergers and acquisitions of promising new entrants. Some of the key companies operating in the global mechanized irrigation systems market, that have been profiled in this report, are EPC Industries Limited, Driptech India Pvt. Ltd., Jain Irrigation Systems Limited, HUNTER INDUSTRIES, Lindsay Corporation, Rain Bird Corporation, Reinke Manufacturing Company, Inc., Netafim Limited, The Toro Company, Nelson Irrigation Corporation, Premier Irrigation Adritec, Rivulis Irrigation, T-L Irrigation, and Valmont Industries.

This research study analyzes the market for mechanized irrigation systems both in terms of volume (1 unit per 160 acres) and revenue (US$ Bn). The mechanized irrigation systems market has been segmented on the basis of type, application, and geography. In terms of region, the market has been divided into five segments that comprise 19 countries, which are the major players in the global mechanized irrigation systems market. For the research, 2015 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional as well as country-specific level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the mechanized irrigation systems business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global mechanized irrigation systems market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global mechanized irrigation systems market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. 

The high-level analysis in the report provides detailed insights into the mechanized irrigation systems business globally. There are currently numerous drivers of the market. Some of the most prominent drivers are efficient usage of water and fertilizers and mechanized irrigation systems to play a vital role in higher crop yield with improved quality globally. Market attractiveness analysis was carried out for the mechanized irrigation systems market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the mechanized irrigation systems market in different regions. The parameters are irrigated land, government support, agricultural production, water resources, and penetration of mechanized irrigation systems in each region.    

In 2015, approximately 65 million acres of farmland were irrigated across the U.S. which made a significant contribution to the overall agricultural production in the country. In 2015, 488 million acres of farmland were equipped for irrigation globally. However, only 84% of the total irrigated area is expected to be cultivated. As of 2015, countries with the largest irrigated areas were India (163 million acres), China (155 million acres), and the U.S. (65 million acres). Efficient mechanized irrigation systems, such as center pivot and lateral move systems, and water management practices can help maintain the profitability of farms in an era of increasingly costly and limited water supplies. 

The mechanized irrigation systems market was segmented on the basis type (center pivot irrigation systems and lateral move irrigation systems) and by application (land application of wastes, nursery crops, agricultural crops, and lawns & gardens). The mechanized irrigation systems market was analyzed across five geographies: North America, Asia Pacific, Europe, and Middle East and Africa, and Central and South America. Regional data has been provided for each sub-segment of the mechanized irrigation systems market. Key players in the mechanized irrigation systems market includes Driptech India Pvt. Ltd., EPC Industries Limited, HUNTER INDUSTRIES, Jain Irrigation Systems Limited, Lindsay Corporation, Nelson Irrigation Corporation, Netafim Limited, Premier Irrigation Adritec, Rain Bird Corporation, Reinke Manufacturing Company, Inc., Rivulis Irrigation, The Toro Company, T-L Irrigation, and Valmont Industries.        

The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Mechanized Irrigation Systems Market: By Type

  • Center Pivot Irrigation Systems
  • Lateral Move Irrigation Systems 

Mechanized Irrigation Systems Market: By Application

  • Land Application of Wastes
  • Nursery Crops
  • Agricultural Crops
  • Lawns & Gardens 

Mechanized Irrigation Systems Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Ukraine
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Egypt
    • Israel
    • Rest of MEA
  • South and Central America (SCA)
    • Brazil
    • Chile
    • Venezuela
    • Rest of SCA


 
 
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