According to a new market report by Lucintel the future of the drip irrigation market looks promising with opportunities in the surface and subsurface applications. The drip irrigation market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increase in efficiency of water usage with drip irrigation, and effective cost savings in agricultural production.
In this market, inline and online are the major emitter/dripper type segments. Within the drip irrigation market, surface and subsurface are the major applications. Surface system is the largest segment for drip irrigation. Field crops, fruits & nuts, and vegetable crops are the major crop type segments of the drip irrigation market.
Asia Pacific is expected to remain the largest market over the forecast period as the focus of agriculture has shifted from traditional crops to more commercial crops in the region.
Jain Irrigation Systems Ltd., Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Chinadrip Irrigation Equipment Co. Ltd., Elgo Irrigation Ltd., Shanghai Huawei Water Saving Irrigation Corp., Antelco Pty Ltd., EPC Industries, Microjet Irrigation, T-L Irrigation, Sistema Azud, Metzer Group, Grupo Chamartin Chamsa, and Dripworks Inc. are among the major manufacturers of drip irrigation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the drip irrigation market by dripper type, component type, crop type, application, and region. Lucintel has prepared a comprehensive research report entitled " Drip Irrigation Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the drip irrigation market by dripper type, component type, crop type, application, and region as follows:
By Emitter/Dripper Type [$M shipment analysis for 2013 – 2024]:
• Inline
• Online
By Component [$M shipment analysis for 2013 – 2024]:
• Emitters/Drippers
• Pressure Pumps
• Drip Tubes/Drip Lines
• Valves
• Filters
• Fittings & Accessories
By Crop Type [$M shipment analysis for 2013 – 2024]:
• Field Crops
• Fruits & Nuts
• Vegetable Crops
• Other Crops
By Application [$M shipment analysis for 2013 – 2024]:
• Surface
• Subsurface
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
• Asia-Pacific
o China
o Japan
o India
o South Korea
• ROW
o Middle East & Africa
o South America
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the drip irrigation market by emitter/dripper type (inline and online), component (emitters/drippers, pressure pumps, drip tubes/drip lines, valves, filters, and fittings & accessories), crop type (field crops, fruits & nuts, vegetable crops, and other crops), application (surface and subsurface) , and region (North America, Europe, Asia Pacific, and ROW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the drip irrigation market?
Q.5.What are the business risks and threats to the drip irrigation market?
Q.6.What are emerging trends in the drip irrigation market and the reasons behind them?
Q.7.What are some changing demands of customers in the drip irrigation market?
Q.8.What are the new developments in the drip irrigation market? Which companies are leading these developments?
Q.9.Who are the major players in the drip irrigation market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the drip irrigation market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in the drip irrigation market?