The global Irrigation equipment market was expected to be valued at USD 6.2 billion in 2023 and is anticipated to reach 7.30 billion in 2024 from USD 26.47 billion by 2032, growing at a CAGR of 17.50% from 2024 to 2032.
The provision of water to crops or plants in controlled amounts at regular intervals is called irrigation. It is especially used in times of inadequate rainfall. Due to the irregular climate changes and unseasonal rainfalls, farmers have become increasingly dependent on irrigation to provide water for crops.
Irrigation equipment is very useful in this situation. Different types of irrigation systems such as sprinkler and drip irrigation are increasingly adopted in farming and landscaping. Each type of irrigation systems requires different types of equipment and have different purposes. Automated irrigation systems are available in recent days greatly reducing the manual effort and also decreasing the consumption of resources.
The increasing scarcity of water and energy resources has increased the demand for controlled irrigation systems, which provide effective distribution of resources, in turn increasing the demand for irrigation equipment. The growing sophistication of irrigation equipment, government initiatives in the form of subsidies to increase the reach of the equipment and rise in the food demand are driving the market growth. However, the lack of awareness among farmers in developed countries and the high initial investments required to install the equipment are hindering market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
17.50% |
Segments Covered |
By Product, Crop Type, End Users and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Netafim, Rivulis Irrigation, Jain Irrigation Systems, Rain Bird, Eurotrip, The Toro Company, Hunter Industries, Nelson Irrigation, Valmont Industries, T-L Irrigation Co, and Others. |
Center pivot equipment holds the largest market share due to the high demand for them in large-scale farming. The fruits and vegetable crops segment hold the largest market share. It is because of the increasing greenhouse and horticulture practices for food and vegetables and also these crops consume more water than other types of crops.
North America leads the irrigation equipment market due to the high awareness and high adoption rate of the latest equipment in this region. The Asia Pacific is expected to be the fastest-growing market due to the increasing efforts of the governments to bring the equipment to the farmers and the presence of largely agricultural land.
Some of the major players in the Irrigation Equipment market are Netafim, Rivulis Irrigation, Jain Irrigation Systems, Rain Bird, Eurotrip, The Toro Company, Hunter Industries, Nelson Irrigation, Valmont Industries, and T-L Irrigation Co.
By Product:
By Crop Type:
By End Users:
By Region
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