Irrigation Accessories Market Size, Share, Growth, and Industry Analysis by Type (Sprinklers, Valves, Controllers, Filters, Pressure Pumps & Others), By Application (Residential, Commercial & Others) Regional Forecast By 2031

Updated On: 08 April 2024

Irrigation Accessories Market Report Overview

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The global irrigation accessories market size was USD 4960.82 million in 2021 and the market is expected to reach USD 8,110.58 million in 2031, exhibiting a CAGR of 4.97% during the forecast period.

The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Nearly all types of horticultural plants and vegetables use irrigation accessories. Irrigation technology's main objective is to manage wastewater. Drip irrigation decreases water loss in sandy soils that results from deep percolation, evaporation, and runoff. In contrast to spray irrigation, which wets the entire soil profile, the drip irrigation system, also known as the stream irrigation system, is a superb way to provide water directly to the root systems of plants. Agricultural irrigation systems are made up of irrigation equipment that supplies water to agricultural land and crops to encourage hydration and growth.

Irrigation accessories come in a wide variety today. Sprinklers, spray heads, spray stakes, misters, and drip lines are just a few examples. Several names are used for some products. The fundamental element of every irrigation network is a pipe. Sprinkler irrigation, surface irrigation, drip irrigation, sub-irrigation, and manual irrigation are among the several methods of irrigation. Depending on the type of system and installation, irrigation system installations include a variety of pipes, fittings, valves, and other equipment.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The irrigation accessories industry has been somewhat impacted by this.

LATEST TRENDS

"Government Organizations to Boost the Market Growth"

The main trend energizing the industry is government institution assistance. In order to encourage the adoption of new irrigation technology by offering farmers several benefits or subsidies, government agencies are pushing irrigation accessories in various nations. These incentives enable farmers to purchase these add-ons that streamline farm irrigation procedures, contributing to the global rise in irrigated acreage. it encourages the market as a whole to expand. The demand for the goods is anticipated to increase as a result. In order to encourage farmers to construct drip and sprinkler irrigation systems and improve water use efficiency, the Indian government, through the Per Drop More Crop scheme, pays subsidies or financial help at a rate of 45% to other cultivators and 55% to farmers. The market is anticipated to grow as a result. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the government support will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Irrigation Accessories Market Segmentation

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• By Types 

Based on type, the market is classified into Sprinklers, Valves, Controllers, Filters, Pressure Pumps & Others.  

• By Application

Based on the market is categorized into Residential, Commercial & Others.  

DRIVING FACTORS

"Enables Higher Cost Efficiency that Give the Market Extra Boost"

High-cost efficiency is the main element propelling the industry. As a result of technological developments, the labor force requirements for agriculture have dropped. The amount of labor necessary to operate an irrigation system is regarded as modest, depending on the level of automation. This type of irrigation has also been used in landscapes, home gardens, greenhouses, field crops, orchards, and vineyards in addition to crop fields. The use of irrigation has many advantages, including reduced weed development and soil erosion, regular water distribution, correct field levelling, and more. The sector is also leveraging cutting-edge technologies like IoT, automation, and remote monitoring to add accuracy to irrigation activities and increase water use efficiency. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing cost efficiency will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall irrigation accessories market growth.

"Increased Flexibility to Encourage Market Expansion"

Flexibility is another feature boosting industry expansion. For fields and landscapes with irregular terrain, soil texture, or contours, irrigation accessories are appropriate. Growers and landscapers are easily able to modify a system as necessary because these methods are fundamentally more adaptable. This factor accelerates industry expansion and market growth. System efficiency is typically improved as a result of this. When irrigation is used, less nitrogen is usually needed. Less fertilizer leaves the root zone thanks to the system's irrigation technique. Plants receive continuous hydration from the irrigation system when nutrients are added. It aids in the worldwide market's expansion. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"High Maintenance to Impede Market Expansion"

The high cost of acquisition and high maintenance costs for irrigation systems are two primary reasons that are limiting the market's growth. To maintain a constant water flow, a system needs constant pressure. Algae growth in lateral pipes that receive constant water flow can clog emitters by causing them to become blocked. The cost of replacing an irrigation system is another factor. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Irrigation Accessories Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for irrigation accessories in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in the residential & commercial sector is boosting the irrigation accessories market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•   Nelson Irrigation (U.S.)
•   Rain Bird Corporation (U.S.)
•   The Toro Company (U.S.)
•   Raindrip, Inc (U.S.)
•   Lindsay Corporation (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of irrigation accessories industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.