Global Irrigation Machinery Market to reach USD 7,368.8 billion by 2027.Global Irrigation Machinery Market is valued at approximately USD 3.903.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.5 % over the forecast period 2021-2027. Irrigation Machinery is used for supplying water from sources to crops. The most common types of irrigation methods are sprinkler and drip irrigation. It is basically used to maintain hydration and growth of crops. The increasing food demand has led to the adoption of Irrigation Machinery across the forecast period. For Instance: according to the Food and Agriculture Organization of the United Nations in 2020, global food prices are increasing rapidly due to rising demand such as cereal price index rose by 1.9 %, sorghum prices rose by 8.6 %, Maize prices rose by 2.2 % and sugar prices index rose by 6.7 % from 2019. Climate change and irregular rainfall enhance the market growth of irrigation machinery Also, with the increasing government focus and investment in agricultural development, the adoption & demand for Irrigation Machinery is likely to increase the market growth during the forecast period. However, improper distribution and scarcity of water impede the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Irrigation Machinery market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to increasing government policies, rising subsidies etc. Whereas, North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as increasing technological innovations development towards irrigation and agricultural technologies would create lucrative growth prospects for the Irrigation Machinery market across Asia-Pacific region.

Major market players included in this report are:
Nelson Irrigation Corporation
Netafim Limited
EPC Industries Limited
Jain Irrigation Systems Limited
T-L Irrigation Co.
The Toro Company
Valmont Industries.
Orbia (Netafim Limited)
Rain Bird corporation
Rivulus Irrigation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Sprinkler Irrigation
Drip Irrigation
Pivot Irrigation
Others
By Application:
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Irrigation Machinery Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors