Supply and demand of global agricultural pump market in 2013

Europe and the United States and other developed countries are the major R&D, production and sales countries of agricultural water pumps. According to the data from the Agricultural Machinery Association's irrigation and drainage sub-committee, in 2009, the global agricultural pump market demand was about US$4.6 billion. It is expected that the future demand will increase at a rate of 5% per annum. In 2011, the demand for global agricultural pumping will exceed US$5 billion, and by 2015 it will exceed 6 billion US dollars.

At present, foreign agricultural water pump manufacturers are mainly concentrated in developed countries in Europe and America. The local agricultural irrigation technology is advanced, agricultural water pumps have become quite popular, and the market capacity is relatively stable. In developed countries, internationally renowned brand manufacturers rely on brand awareness and a well-established marketing network to occupy a large market share.

Developing countries are the main driving force behind the growth of the global agricultural water pump market. Because a considerable number of developing countries do not yet have agricultural pump manufacturing capabilities, especially in developing countries such as Africa, South America, and Southeast Asia, agricultural water pumps basically rely on imports. According to the United Nations World Food Programme, the number of hungry people in the world exceeded the one billion in history for the first time in 2009. This has a direct link with the low level of agricultural intensification, modernization, and mechanization in most developing countries. In order to solve the food problem, all countries have invested funds to increase food production. Therefore, as one of the most important and indispensable agricultural machinery, the agricultural water pump is in the stage of popularization and vigorous promotion in the local area, and there is a lot of room for growth in the future. These areas have also become the main export areas for agricultural pump companies in China.