Global Grain Augers Market - Industry Analysis and Forecast | Technavio
May 20 2018 - 7:03AM
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.
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Technavio has published a new market
research report on the global grain augers market from 2018-2022.
(Graphic: Business Wire)
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.
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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.”
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180520005028/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com