LONDON--(BUSINESS WIRE)--Technavio analysts have predicted the global grain augers market to grow at a CAGR of more than 6% during the period 2018-2022, according to their latest market research report.
A major trend being witnessed in the market is the high adoption of grain augers with the reversible gearbox. Reversible gearbox in grain augers helps operators reverse the equipment without manually flipping the auger belts. Reversible gearbox in grain augers also assists operators in cleaning the equipment easily and conveniently in reduced time. The use of patented systems for reverse flighting helps manufacturers to offer unique benefits to end-users.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the increasing need for easy out load of grain as a key factor contributing to the growth of the global grain augers market:
Increasing need for easy out load of grain
Farmers and other farming organizations prefer equipment, which can rapidly move grains for storage or transport. The use of grain-handling equipment such as grain augers helps end-users to rapidly transport and efficiently store grains. Farming organizations can use large grain augers that can out load grains at an increased rate per hour. It helps end-users reduce the turnaround time significantly.
According to a senior analyst at Technavio for food service, “The ease of portability offered by grain augers helps farmers move grains from bags or field bins from the farm storage site up to the back paddock when needed. Grain augers also offer an economical and easy way to get the grains into the bin. Grain augers are available in different capacities and sizes and end-users can select grain augers based on their requirement.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global grain augers market segmentation
This market research report segments the global grain augers market into the following products (movable and stationary) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two products, the movable segment held the largest market share in 2017, accounting for nearly 69% of the market. This product is expected to post significant growth during the forecast period.
The Americas contributed to the highest share of the global grain augers market in 2017, accounting for a market share of approximately 42%. It was followed by the EMEA and APAC respectively in terms of market share. The Americas will dominate the global market through 2022.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.