The global grain augers market is expected to grow by USD 103.70 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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Technavio has announced its latest market research report titled Global Grain Augers Market 2020-2024 (Graphic: Business Wire)
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Read the 120-page report with TOC on “Grain Augers Market Analysis Report by Product (Movable and Stationary), Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/grain-augers-market-industry-analysis
The grain augers market is driven by increasing government support in the agriculture sector. In addition, the increasing adoption of grain augers with reversible gearbox is anticipated to boost the growth of the grain augers market.
Governments across the world are undertaking various initiatives and programs to promote the growth of the agriculture sector. For instance, in July 2015, the Government of India launched the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) to provide cultivation areas with required irrigation facilities, reduce wastage of water, and improve the efficiency of water used. Similarly, China is planning to introduce multiple changes to its grain policies to meet the increasing feed demand and deal with the COVID-19 pandemic. Such initiatives are increasing the production of good grains worldwide. This is expected to increase the demand for grain handling products such as grain augers during the forecast period.
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Major Five Grain Augers Companies:
Ag Growth International Inc.
Ag Growth International Inc. operates its business through a unified segment. The company offers two models of grain augers under the R series. The products are available with 8-inches diameter and 10-inches diameter. They also feature an electric clutch with remote control for easy operation.
Astwell Augers Ltd.
Astwell Augers Ltd. operates its business through a Unified segment. The company offers Standard Auger. It is a smooth finish auger conveyor used to transfer free-flowing granular and pelleted materials such as cereals, sawdust, plastic granules, meals, and powders.
Berkshire Hathaway Inc.
Berkshire Hathaway Inc. operates its business through segments such as Manufacturing, McLane Company, Service and Retail, BNSF, Berkshire Hathaway Energy, and Insurance, Corporate and other. The company offers six inches auger for grains moving applications.
Buhler Industries Inc.
Buhler Industries Inc. operates its business through segments such as Agricultural and Non-agricultural. The company offers BackSaver grain augers. These models range from 50 feet to 114 feet lengths and 10-inches, 13-inches, and 16-inches tube sizes.
CLAAS Group operates its business through the Unified segment. The company offers 7XL grain auger. It is a new extra long unloading auger to provide full compatibility for working within a 12m controlled traffic farming system.
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Grain Augers Market Product Outlook (Revenue, USD Million, 2020-2024)
Grain Augers Market Geography Outlook (Revenue, USD Million, 2020-2024)
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