report published by Infinium Global Research on drip irrigation market provides
in-depth analysis of segments and sub-segments in the North America drip
irrigation market. The study also highlights the impact of drivers, restraints,
and macro indicators on the North America drip irrigation market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the North American drip irrigation market.
According to the report, the North America drip irrigation market is projected
to grow at a CAGR of 10.50% over the forecast period of 2020-2026.
Drip irrigation is the most
efficient and suitable irrigation system for residential and commercial
applications. It is an ideal solution for irregular or small areas. Drip
irrigation limits the potential for liability by plummeting or removing
overspray on buildings, roadways, walkways, and other trafficked areas. It is
quickly gaining popularity as a low-cost and water-saving technique. The
benefits offered by the use of drip irrigation include healthier plants,
improved aesthetics, water and nutrient conservation, reduction of run-off and
erosion potential, and reduction in the hazards of overspray. Further, smaller
operations such as home gardens and landscape projects can benefit from the
efficiency of drip irrigation over traditional sprinkler systems. The lower cost
of drip irrigation can make landscaping feasible in areas where it otherwise
isn’t possible, not only in arid parts of the world but also carrying gardening
to rooftops in the city where the water weight of soil is an acute factor in
garden size and placement. Several manufacturers are also refining and
simplifying the hardware to reduce costs.
The drip irrigation business in
the North American region is divided between residential sectors and commercial
sectors including golf courses, universities, hotels, sports fields, and many
others. In addition, the rising implementation of water-saving techniques in
these areas majorly drives the growth of the drip irrigation market in the North
American countries. Further, a growing number of commercial spaces and increasing
spending on city landscaping projects are also expected to provide a major
boost to the drip irrigation market in the region. Besides, younger households
in the United States and Canada are increasingly inclining towards gardening
and lawn care activities under landscape maintenance and are also increasing
spending on garden landscaping and are keen on adopting water-saving
technologies, which provides a boost to the market. Moreover, a growing number
of commercial properties with green infrastructure in the US, Canada, and
Mexico will also propel the growth of the drip irrigation system businesses
operating in North America in the upcoming years. However, on the contrary, the
prevailing use of sprinkler irrigation systems in residential and commercial
spaces is most likely to hinder the market growth. Nevertheless, technological
advancements in these systems will create beneficial opportunities for market
players operating in North America in the upcoming years.
Additionally, the current concern
over the spread of coronavirus is also expected to have a moderate impact on
the drip irrigation market. The COVID-19 outbreak has led to a sudden pause in
manufacturing activities worldwide, affecting the demand for irrigation
systems. The flow of goods was one of the major concerns for the component
industry, as governments enforced strict transportation regulations in order to
control the pandemic. The shortage of raw materials was also another major
problem during the pandemic. The import of raw materials was hampered during
the pandemic, as many ports and warehouses were closed due to concern over the
spread of the virus and government restrictions. This, in turn, hampered the
revenue of the component manufacturers during the period of the COVID-19 pandemic.
On the other hand, the demand for the drip irrigation components remained
unchanged as the agriculture sector operated normally during the pandemic.
Among the geographies, the United
States is expected to hold the largest share in the North America drip
irrigation market. The industry is expected to offer huge opportunities for
market growth on account of the presence of numerous leading companies.
Furthermore, drip irrigation is commonly used in residential applications
across Canada as part of the drought-resistant xeriscaping. Water conservation
has become increasingly imperative and thus, smart initiatives like drip
irrigation are considered to be a better option for business owners and home in
The report on North America drip
irrigation market covers segments such as components, crop type, and
application. On the basis of components, the sub-markets include filters,
pressure pumps, valves, and emitters and drip tube. On the basis of crop type,
the sub-markets include fruits & vegetables, cereals & pulses, turf
& ornamentals, and oilseeds & pulses. On the basis of application, the
sub-markets include greenhouse, and agriculture and landscape.
The report provides profiles of
the companies in the market such as Toro Company, Hunter Industries
Incorporated, Rain Bird Corporation, Lindsay Corporation, and Netafim.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of drip irrigation market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.