Grain Augers Market size is set to grow by USD 101 million from 2024-2028, Growing need for easy out-loading of grain boost the market, Technavio

NEW YORK, July 9, 2024 /PRNewswire/ -- The global grain augers market size is estimated to grow by USD 101 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.25% during the forecast period. The growing need for easy out-loading of grain is driving market growth, with a trend towards increasing availability of grain augers through rentals. However, hazards associated with grain augers pose a challenge. Key market players include Ag Growth International Inc., Astwell Augers Ltd., Bazooka-Farmstar Inc., Berkshire Hathaway Inc., Brandt Group of Companies, and others.

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Market Driver

The farm equipment rental market, specifically for grain augers, has experienced substantial growth due to the increasing availability of these machines through rental facilities. This trend is particularly beneficial for end-users, as it allows them to access the latest technologies without the high initial investment costs. Additionally, rental services provide convenience through hassle-free servicing and maintenance. Farmers, especially those with low-scale agricultural produce, find renting grain augers a flexible solution to adapt to economic conditions. The penetration of farm equipment rental services in developed countries like Europe and North America, through companies like Rental Yard.com and Flaman Agricultural, is expanding. This trend is also gaining traction in developing countries, such as Asia, where the demand for food grains is increasing, leading to agricultural activities and subsequently, the need for farm equipment rentals. Despite this growth, the increasing availability of grain augers on a rental basis may limit the market's expansion during the forecast period. 

The Grain Augers Market is experiencing significant growth due to the increasing focus on farm productivity and modernization initiatives in agricultural activities. Grain augers, also known as screw conveyors, play a crucial role in the efficient handling and transfer of wheat, oats, rice, corn, soybean, and other grains from the field to storage facilities. Data exchange between farm equipment and processing facilities is a trending topic, enabling real-time monitoring of field conditions, terrain, and hydraulic systems. Farm size, labor costs, and bottlenecks are key factors driving the demand for mechanized agriculture and advanced farming practices. Grain handlers, including grain augers, are essential for grain storage and processing facilities. Onboard scales help farmers optimize yields and reduce post-harvest losses, contributing to food security and sustainability. Skilled labor and mechanized agriculture are vital to address the challenges of increasing farm productivity while minimizing costs. The Grain Augers Market is expected to continue growing as agricultural machinery becomes more advanced and essential to the agricultural industry. Farmers and agricultural businesses must stay updated on the latest trends and technologies to remain competitive and successful. 

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Market Challenges

• Grain augers are essential equipment in the farming industry for transferring grains from storage bins to transport vehicles. However, their operation comes with significant hazards that increase the operating costs for end-users. Workers are at risk of respiratory problems due to grain dust, noise, and the danger of suffocation from grain flowing out of the bin. Improperly guarded grain augers pose a risk of injury, particularly cuts and fractures from sharp corkscrew blades. Electrocution is another hazard, especially with movable grain augers, which can result in fatalities. Injuries from grain augers, including loss of limbs and electrocutions, can impede the growth of the global grain augers market. For instance, in the US, around 60 farmworkers die annually from electrocution. Therefore, ensuring safe operations is crucial to mitigate these risks and maintain a healthy workforce.
• The Grain Augers Market faces various challenges in the agriculture industry. Governments and regulatory bodies impose rules on resource utilization and environmental sustainability. Modern farming technologies, such as combine harvesters and GPS guidance systems, require compatible grain handling equipment. SMEs in the agricultural equipment sector face labor shortages and social distancing requirements during the harvest season. Grain Augers are essential for loading Grain Bins, Grain carts, Grain wagons, and Grain chasers. Reversible Gearbox technology enhances efficiency and precision. However, challenges include the need for replacement parts, maintenance requirements, and operating costs. Advanced technology, such as telematics and automation, can improve yield mapping and logistics planning. Durability, weight, and materials are crucial factors in Grain Auger construction. Operating costs, environmental impact, emissions, fuel efficiency, and alternative power sources are essential considerations. Farm management systems must adapt to meet the demands of modern agriculture while complying with regulations and maintaining worker safety.

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Segment Overview 

This grain augers market report extensively covers market segmentation by

1. Product 
• 1.1 Movable
• 1.2 Stationary
2. End-user 
• 2.1 Farm
• 2.2 Commercial
3. Geography 
• 3.1 North America
• 3.2 Europe
• 3.3 APAC
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Movable-  The Grain Augers Market is experiencing steady growth due to increasing agricultural productivity and the need for efficient grain handling solutions. Farmers and grain processors seek reliable and durable augers to transport grain from storage bins to trucks or silos. Key players in this market focus on enhancing product performance and offering customized solutions to meet diverse customer needs. Competitive pricing and robust after-sales service are crucial factors driving market expansion.

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Research Analysis

The Grain Augers Market refers to the business segment dealing with the production, sale, and distribution of grain augers and related agricultural machinery. Grain augers are essential tools used in the agricultural industry for transporting and conveying grain from various sources, such as grain bins, wagons, carts, and combine harvesters, to storage facilities. These screw conveyors play a crucial role in modern farming practices, increasing efficiency and reducing post-harvest losses. Farmers and grain handlers rely on grain augers during the harvest season to ensure food security and sustainability. Agricultural modernization initiatives by governments and regulatory bodies, as well as the adoption of modern farming technologies, are driving the growth of the Grain Augers Market. Other related equipment, such as grain carts, grain wagons, grain chasers, trucks, storage bins, tractors, hoppers, GPS guidance systems, and combine harvesters, also contribute to the market's growth.

Market Research Overview

The Grain Augers Market refers to the business sector that caters to the production, sale, and maintenance of grain augers and related agricultural machinery. Grain augers are essential tools used in agricultural activities for transferring grain from the field to storage facilities such as grain bins or silos. They utilize screw conveyors to move grain and are commonly used during the harvest season with combine harvesters, grain carts, grain wagons, and grain chasers. Modern farming practices and agricultural modernization initiatives have led to an increased demand for grain augers and other agricultural machinery. This is due to the need for mechanized farming practices to improve crop yields, reduce post-harvest losses, and ensure food security. Governments and regulatory bodies play a crucial role in the Grain Augers Market by implementing policies and regulations that promote sustainability, resource utilization, and environmental sustainability. Advanced technology, such as GPS guidance systems, telematics, automation, precision, and yield mapping, is also driving the market's growth. The Grain Augers Market caters to various agricultural commodities, including wheat, oats, rice, corn, and soybean. Factors such as labor shortages, social distancing requirements, and protocols during the harvest season have highlighted the importance of efficient grain storage and processing facilities. The market's growth is influenced by various factors, including farm size, labor costs, farm management systems, data exchange, and farm productivity. Additionally, the market's competitive landscape includes various players, including SMEs, offering replacement parts, tractors, hoppers, onboard scales, and other agricultural equipment. The Grain Augers Market's future outlook is positive, with a focus on durability, weight, maintenance requirements, operating costs, environmental impact, emissions, fuel efficiency, alternative fuels, and power sources. The market's growth is expected to be driven by the agriculture industry's increasing adoption of advanced technology, mechanized agriculture, and alternative farming practices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Product
• Movable
• Stationary
• End-user
• Farm
• Commercial
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

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SOURCE Technavio