Market Size of Asia-Pacific Irrigation Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Agricultural Irrigation Machinery Market Analysis
The Asia-Pacific irrigation machinery market is expected to register a CAGR of 6.2% during the forecast period, 2020-2025. Water scarcity, being the major concern in the current agricultural scenario, is the foremost factor driving the growth of this sector, followed by the awareness about micro-irrigation systems and the need for high productivity to meet the demand for food. In 2018, the drip irrigation system dominated the market, in terms of revenue, having accounted for aboout 75.5% of the industry. The area under drip irrigation has shown strong growth in productivity over the past few years.
The consolidation of farmlands in various parts of the world is making it possible for more farmers to invest in expensive irrigation machinery, which, in turn, is driving the market. New product launches, mergers and acquisitions, expansion of business units, and opening new manufacturing plants are the most important ventures being undertaken by the companies, to stay active in the market studied.
APAC Agricultural Irrigation Machinery Industry Segmentation
Irrigation machineries are used to supply water to the crops from a nearby source, by means of a certain channel. This report presents a deeper analysis of the industry's growth trends.
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Asia-Pacific Irrigation Machinery Market Size Summary
The Asia-Pacific irrigation machinery market is poised for significant growth, driven by the pressing issue of water scarcity and the increasing awareness of micro-irrigation systems. These factors are crucial as they align with the need for enhanced agricultural productivity to meet the rising food demand. The market has seen a strong preference for drip irrigation systems, which have dominated in terms of revenue due to their effectiveness in improving productivity. The consolidation of farmlands has enabled more farmers to invest in advanced irrigation machinery, further propelling market expansion. Companies are actively engaging in new product launches, mergers, acquisitions, and the establishment of new manufacturing facilities to maintain a competitive edge in this dynamic market.
Government initiatives across the Asia-Pacific region are playing a pivotal role in promoting advanced irrigation technologies. Various countries are offering subsidies and benefits to encourage the adoption of micro-irrigation systems. In India, significant financial support has been allocated to promote these technologies under the Pradhan Mantri Krishi Sinchayee Yojna, focusing on crops like cotton and sugarcane. The Indian Agricultural Research Institute is also contributing by developing web-based applications to design efficient micro-irrigation systems. The market is characterized by a few major players holding substantial market share, and with continued government support, the market is expected to experience robust growth, benefiting key companies such as Jain Irrigation Systems Limited, EPC Industries Ltd, and Netafim Ltd.
Asia-Pacific Irrigation Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Sprinkler Irrigation
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2.1.1.1 Pumping Unit
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2.1.1.2 Tubing
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2.1.1.3 Couplers
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2.1.1.4 Spray/Sprinklers Heads
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2.1.1.5 Fittings and Accessories
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2.1.2 Drip Irrigation
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2.1.2.1 Valves
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2.1.2.2 Backflow Preventers
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2.1.2.3 Pressure Regulators
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2.1.2.4 Filters
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2.1.2.5 Emitters
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2.1.2.6 Tubing
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2.1.2.7 Other Drip Irrigation Techniques
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2.1.3 Pivot Irrigation
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2.2 Application
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2.2.1 Crop
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2.2.1.1 Field Crop
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2.2.1.2 Vegetable
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2.2.1.3 Fruit
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2.2.2 Non-crop
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2.2.2.1 Turf and Ornamental
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 Japan
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2.3.1.3 India
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2.3.1.4 Saudi Arabia
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2.3.1.5 Rest of Asia-Pacific
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Asia-Pacific Irrigation Machinery Market Size FAQs
What is the current Asia-Pacific Irrigation Machinery Market size?
The Asia-Pacific Irrigation Machinery Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Irrigation Machinery Market?
Jain Irrigation Systems Ltd. (JISL), EPC Industries Ltd, Netafim Ltd, Rivulis Irrigation Ltd and Harvel Agua India Private Limited are the major companies operating in the Asia-Pacific Irrigation Machinery Market.
