NEW YORK, July 5, 2021 /PRNewswire/ --
Technavio has been monitoring the automatic irrigation equipment market, operating under the capital goods industry. The latest report on the automatic irrigation equipment market 2021-2025 estimates it to register an incremental growth of USD 1.58 billion, at a CAGR of about 11% during the forecast period.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. As the business impact of COVID-19 spreads, the Automatic Irrigation Equipment Market 2021-2025 is expected to have negative & inferior growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Badger Meter Inc., Hunter Industries Inc, Jain Irrigation Systems Ltd., Lindsay Corp., Morrill Industries Inc., Nelson Irrigation Corp., Netafim Ltd., Orbit Irrigation Products LLC, Rain Bird Corp., and The Toro Co. are among some of the major market participants.
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Technological advances in automatic irrigation equipment have been instrumental in driving the growth of the market. However, the easy availability of substitutes for automatic irrigation systems might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
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Automatic Irrigation Equipment Market 2021-2025: Segmentation
Automatic Irrigation Equipment Market is segmented as below:
Based on geographic segmentation, 30% of the market's growth originated from North America during the forecast period. In addition, automatic irrigation controllers led the product segment in 2020. Furthermore, the agriculture end-user segment is likely to contribute the highest automatic irrigation equipment market share during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic irrigation equipment market size.
Automatic Irrigation Equipment Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automatic irrigation equipment market report covers the following areas:
This study identifies the growing adoption of automatic irrigation equipment in the US as one of the prime reasons driving the automatic irrigation equipment market growth in North America during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automatic Irrigation Equipment Market 2021-2025: Key Highlights
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com/
Report: https://www.technavio.com/report/automatic-irrigation-equipment-market-industry-analysis
SOURCE Technavio
https://www.technavio.com/report/automatic-irrigation-equipment-market-industry-analysis
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