Irrigation machinery includes various products like irrigation pipes, drip irrigation systems, pumps and other related equipment that are used for efficient supply of water to agricultural crops and landscapes. Precision irrigation systems help optimize water usage and maximize crop yields through controlled delivery of water directly to plant roots.

The global irrigation machinery market is estimated to be valued at US$ 8.11 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Rapid agricultural development in emerging economies has propelled the demand for advanced irrigation systems in the recent years. Countries like India, China, Brazil and others are witnessing significant expansion of irrigated agricultural areas to boost food production. This has fueled the adoption of precision irrigation techniques using machineries like drip irrigation and sprinklers. Various government initiatives in these markets to promote water conservation in agriculture through subsidies and financing schemes has also supported the growth of irrigation machinery industry. In the coming years, the market is expected to grow steadily with the increasing acceptance of technologically advanced irrigation solutions globally.

SWOT Analysis

Strength: Irrigation machinery has advanced mechanization and provides more efficient water usage compared to traditional irrigation methods. It saves both time and water.

Weakness: Initial investment required for installing irrigation machinery systems is high which can be unaffordable for small farms. Reliance on imported machinery can also impact the market.

Opportunity: Growing population and increasing demand for food will drive the need for efficient irrigation systems. Government support through subsidies can boost adoption of these systems.

Threats: Low availability of trained personnel for operations and maintenance is a challenge. Climate change impacts like erratic rainfall can reduce the effectiveness of certain machinery.

Key Takeaways

The Global Irrigation Machinery Market Size is expected to witness high growth. Being an agriculture-dominated country, regions like Asia Pacific hold the largest share currently. India and China especially have seen a rise in mechanized irrigation to boost farm productivity. Local manufacturers are gaining from the 'Make in India' initiative as well.

North America is another major region riding on increasing automation in agricultural sector. Major players like Deere & Company and Valmont Industries have strong presence here catering to large agricultural farms. The market is consolidated with top players accounting for over 60% share.

Key players operating in the irrigation machinery market are Finolex Pipes, Nelson Irrigation Corporation, Rivulis Irrigation Inc., Netafim Limited, Rain Bird Corporation, EPC Industries Limited, Lindsay Corporation, Jain Irrigation Systems Limited, Deere & Company, T-l Irrigation Co., Valmont Industries, and The Toro Company. These players are focusing on expanding their product portfolio as well as global footprint through partnerships. Technology integration with irrigation equipment is another area of focus.

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