Global Grain Augers Market - 2023-2030

Global Grain Augers Market - 2023-2030

Market Overview

The global grain augers market reached US$ 138.6 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 214.3 million by 2030. The market is growing at a CAGR of 5.6% during the forecast period (2023-2030).

Grain auger manufacturers are constantly looking for ways to improve the efficiency of their products. This includes features like faster unloading speeds, improved hydraulic systems, and better designs for faster and more accurate grain handling which drives the garin augers market size. Many new grain augers came with automated features that make the handling of grain faster, easier, and safer which is driving the grain augers market value in forecast period.

Market Dynamics

The advantages of grain augers in farming drives the market expansion

Grain augers are commonly used on farms to move grain from one location to another, such as from a truck to a storage bin or from a bin to a truck for transport. During the harvest season, grain augers are used to transport crops such as wheat, corn, and soybeans from the combine to the grain cart or truck. Grain augers are used to move grain from a truck or wagon to a storage bin, as well as to move grain from one bin to another. For instance, on February 3, 2023, Ag Growth International Inc. (""AGI"") has expanded its line-up of premium, transportable grain handling solutions with the addition of the next-generation of hardworking, swing hopper augers, the AGI Westfield MKX 2 and AGI Hutchinson-Mayrath HX2 series. Large grain augers that can out load grains at a higher rate per hour are available to farming groups.

The hazards associated with grain augers hampers the market

When using grain augers to move grains on a farm, it's important to be aware of the potential health hazards associated with the buildup of grain dust. Workers who handle grains can be at risk of respiratory issues, noise exposure, and fire hazards. To minimize these risks, it's essential to follow safety guidelines such as ensuring proper ventilation, wearing appropriate personal protective equipment, providing workers with training on safety procedures, conducting regular maintenance of equipment, and following fire prevention guidelines. By taking these precautions, farmers can ensure a safe working environment for themselves and their workers while handling grains using augers.

COVID-19 Impact Analysis

The COVID-19 pandemic has had an impact on various aspects of the agricultural industry, including the use of grain augers on farms. Due to COVID-19 restrictions and safety measures, some farms have experienced reduced workforce availability, which can affect the operation of grain augers. With fewer workers available, it may be more difficult to handle and move grains efficiently and safely. COVID-19 has disrupted supply chains worldwide, including those in the agricultural industry. This disruption can impact the availability and delivery of parts and equipment necessary for the operation of grain augers, potentially leading to delays or equipment breakdowns which decreased the sales by 4% in grain augers market revenue.

Segment Analysis

The global grain augers market is segmented based on type, application, and region.

Movable grain augers accounts sizable share in the global grain augers market

Movable grain augers share expected to reach with 13.6% CAGR in 2030. Movable grain augers are a type of agricultural equipment used on farms to transport and move grains from one location to another. Unlike stationary augers, movable grain augers can be easily transported from one field to another, making them a versatile and efficient option for grain handling.

Movable grain augers come in various lengths, typically ranging from 25 to 111 feet (7.6 to 33.8 meters). The capacity of a movable grain auger is typically measured in bushels per hour (bph) and can range from 1,000 to 6,000 bph depending on the size and design of the auger. The size of the hopper varies depending on the design of the movable grain auger. Hopper sizes can range from 4 to 8 feet (1.2 to 2.4 meters) in diameter which drives the grain augers market value in the forecast period.

Geographical Analysis

North America holds the largest share in the global grain augers market

By region, the global grain augers market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.

Due to its significant grain production and export industry, North America is a major market for grain augers. It is expected that the North American grain augers market will grow steadily with a projected CAGR of 5.3% during the forecast period, as these tools are essential for farmers in the efficient and safe handling of grains during harvest and storage. Both the United States and Canada are key players in the industry, with a significant number of farms and large-scale agricultural production. According to the United States Department of Agriculture (USDA), the total grain production in North America (which includes the United States and Canada) in 2021 was 574.32 million metric tons. The demand for effective and secure grain handling equipment, such as grain augers, is likely to continue growing in North America as the industry expands and evolves.

Competitive Landscape

The major global players include Ag Growth International Inc, Astwell Augers Ltd, Bazooka Farmstar Inc, Berkshill Hathaway Inc, Buhler Industries Inc, CLAAS Group, Diversified Technologies, Elmer Manufacturing Inc, Grainline and Brandt Group of Companies.

Why Purchase the Report?
• To visualize the global grain augers market segmentation based on type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of grain augers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global grain augers market report would provide approximately 53 tables, 46 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies