Abstract: Global Agricultural Sprayers Market to Reach $2. 8 Billion by 2027. Amid the COVID-19 crisis, the global market for Agricultural Sprayers estimated at US$1.
New York, July 22, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Agricultural Sprayers Industry” – https://www.reportlinker.com/p05797802/?utm_source=GNW
8 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027. Handheld, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$350.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Self-Propelled segment is readjusted to a revised 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $300.8 Million, While China is Forecast to Grow at 8% CAGR
The Agricultural Sprayers market in the U.S. is estimated at US$300.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$970 Million by the year 2027 trailing a CAGR of 8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Tractor-Mounted Segment to Record 6.5%…