Mechanized Irrigation Systems Market Size was valued at USD 9.9195 billion in 2023. The Mechanized Irrigation Systems market industry is projected to grow from USD 11.5760565 Billion in 2024 to USD 34.12374 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 14.47% during the forecast period (2024 - 2032). Increased investments in research and development and corporations buying more farms from farmers are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Any advanced irrigation system requires significantly higher capital for installation than the traditional methods of flood irrigation and rain-fed agriculture. The capital investment is a cumulative cost of the equipment and setup costs, which include the cost of pipes, sprinklers, pumps, electrical lines, well connectors, power units, and installation charges. The equipment cost is half of the capital investment, whereas the other half of the capital is incurred as installation charges. Moreover, sprinkler irrigation systems are mainly adopted for cost-intensive agricultural practices, such as orchards and agricultural fields. This high investment for low-value crops would yield a low return on investments. This factor drives the Market CAGR.
Additionally, The fact that firms buy more farms from farmers and cultivate more land is the reason for the growth of irrigation systems in the industry. Many electric generators are attracted by the lucrative market and relatively high CAGR. Their heavy investment in R&D bore fruit. The goal is to create a new system of irrigation systems that is more efficient than the previous generation and can bring a higher price to market.Advancements in the existing irrigation systems for better monitoring and control of water resources and higher efficiency are driven by the growing demand for sprinkler irrigation systems. Key players largely adopt technological advancements in incorporating additional features or enhancing their products' existing features. Developing remotely controllable systems and user-friendly control panels enables farmers to effectively handle center pivots and irrigation stream flow.Thus, driving the Mechanized Irrigation Systems market revenue.
Based on type, the Mechanized Irrigation Systems market segmentation includes Drip Irrigation Systems, Sprinkler Irrigation Systems, and Others.Drip irrigation systems are marketed because they are more efficient and save more water than other irrigation systems.
Based on crop type, the Mechanized Irrigation Systems market segmentation includes cereals grains, pulses oilseeds, fruits & vegetables, and others. The cereals grainssegment dominated the marketbecause cereals and grains are the most widely grown crops in the world. They are grown in all parts of the globe and require a significant amount of water. In some cases, up to 70% of the water used in agriculture is used to irrigate cereals and grains.
Figure1: Mechanized Irrigation Systems Market, by Crop Type, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Segmented by Region, the study provides market insights for North America, Europe, Asia Pacific and the rest of the world.The North American Mechanized Irrigation Systems market area will dominate this market, owing to many corporations in the farming business and increasingly being farmed by advanced technologies like tractors. Mechanized irrigation systems will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: MECHANIZED IRRIGATION SYSTEMS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Mechanized Irrigation Systems market accounts for the second-largest market share due to the crop yields increasing dramatically in thiRegionon, and the farmers and national governments benefit immensely from this. Further, the German Mechanized Irrigation Systems market held the largest market share, and the U.K. Mechanized Irrigation Systems market was the fastest-growing market in the EuropRegiongion.
The Asia-Pacific Mechanized Irrigation Systems Market has grown at the largest CAGR from 2023 to 2032. This is due torapidly urbanizing and modernizing. Agriculture is becoming increasingly corporatized, and mechanized irrigation systems are rapidly gaining popularity in Region. Moreover, China’s Mechanized Irrigation Systems market held the largest market share, and the IndianMechanized Irrigation Systems market was the largest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Mechanized Irrigation Systems market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Mechanized Irrigation Systems industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Mechanized Irrigation Systems industry to benefit clients and increase the market sector. The Mechanized Irrigation Systems industry has offered some of the most significant advantages in recent years. Major players in the Mechanized Irrigation Systems market, includingLindsay Corporation (U.S.), Jain Irrigation Systems Ltd (India), Nelson Irrigation (U.S.), Rivulis (Israel), Premier Irrigation Adritec (India), Mahindra & Mahindra Ltd. (India), Rain Bird Corporation (U.S.), T-L Irrigation Co. (U.S.), Mexichem S.A.B. de C.V. (Mexico), Alkhorayef Group (Saudi Arabia), The Toro Company (U.S.), Hunter Industries (U.S.), and Valmont Industries, Inc. (U.S.)., and others, are attempting to increase market demand by investing in research and development operations.
Reinke Manufacturing Inc. is one of the world's best-known centers for pivot and lateral action irrigation systems. Since 1954, Reinke has developed products designed to increase agricultural yields, save labor and protect the environment.Reinke Manufacturing opens a new distribution center in Tifton, Georgia, USA. The expansion will help the company serve the eastern and eastern regions.
Toro Company, an American company located in the Minneapolis suburb of Bloomington, Minnesota, designs, manufactures, and sells lawn mowers, snowblowers, and irrigation equipment for commercial, landscaping, agricultural, and public use.The Toro company has invested in GreenSight Agronomics (USA), a technology partnership. Through the partnership, GreenSight's technology and analytics on autonomous drone hardware, remote sensing, and mapping sensors will be combined with Toro's water management expertise.
Mechanized Irrigation Systems Industry Developments
September 2016: Lindsay introduced 9500DS Drop Span Option to its pivot system product line. This new product allows growers to irrigate more acres while avoiding permanent obstacles such as buildings, fences, and equipment.
February 2019: Reinke Manufacturing opens a new distribution center in Tifton, Georgia, USA. The expansion will help the company serve the eastern and northern regions of the United States.
Mechanized Irrigation Systems Type Outlook
Mechanized Irrigation Systems Crop Type Outlook
Mechanized Irrigation Systems Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 9.9195Â billion |
| Market Size 2024 | USD 11.5760565 billion |
| Market Size 2032 | USD 34.12374046 billion |
| Compound Annual Growth Rate (CAGR) | 14.47 %(2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Crop Type, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Lindsay Corporation (U.S.), Jain Irrigation Systems Ltd (India), Nelson Irrigation (U.S.), Rivulis (Israel), Premier Irrigation Adritec (India), Mahindra & Mahindra Ltd. (India), Rain Bird Corporation (U.S.), T-L Irrigation Co. (U.S.), Mexichem S.A.B. de C.V. (Mexico), Alkhorayef Group (Saudi Arabia), The Toro Company (U.S.), Hunter Industries (U.S.), and Valmont Industries, Inc. (U.S.) |
| Key Market Opportunities | Heavy investments in research and development |
| Key Market Dynamics | Corporations are buying more farms from farmers |
Mechanized Irrigation Market Highlights:
Frequently Asked Questions (FAQ) :
The Mechanized Irrigation Systems market size was valued at USD 8.5 Billion in 2022.
The market is witnessed to grow at a CAGR of 14.47 % in the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market areLindsay Corporation (U.S.), Jain Irrigation Systems Ltd (India), Nelson Irrigation (U.S.), Rivulis (Israel), Premier Irrigation Adritec (India), Mahindra & Mahindra Ltd. (India), Rain Bird Corporation (U.S.).
The drip irrigation system category dominated the market in 2022.
Cereal grains witnessed the largest share of the market.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
