The Manure Spreader Market to Expand Significantly Owing to the Lack of Manpower
Added: (Mon Mar 04 2019)
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Transparency Market Research in its new report titled, “Manure Spreader Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the manure spreader market. The TMR report anticipates that the lack of manpower is the key driver of the manure spreader market during the forecast period i.e, 2018-2026. The workforce is shifting from rural areas to urban areas owing to globalization, which offers new job opportunities in mega cities, resulting in a lack of labor. A lack of workforce is fueling the demand for advanced agricultural equipment such as manure spreaders. Another major driver for the manure spreader market is government support. Governments across the globe are promoting advanced and efficient agricultural equipment and also providing subsidies in order to reduce the import of corn and other farm products. Farmers are focusing on developing smart farms, which directly contribute to the increasing demand for equipment such as manure spreaders, says the report.
The report has segregated the manure spreader market based on prime mover, drive type, components, type, and geography. On the basis of prime mover, the market is split into three segments. However, tractor-mounted manure spreaders are most commonly used, as farmers have easy access to a tractor. The tractor-mounted segment dominated the market in 2017, and it is expected to maintain its dominant position in the market during the forecast period. Based on drive type, the manure spreader market is divided into two segments. Power Take-Off (PTO) type of manure spreader is preferred by end-users, as it has a higher efficiency and is able to handle a larger volume of manure. The PTO type segment is expected to hold a major share of the market during the forecast period. In terms of components, the manure spreader market is classified into four segments. The spreader and the transmission units are key components of the machine. These enable the machine to spread the manure at the desired speed and at the desired rate.
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Based on the type, the manure spreader market is classified into two segments. The pull type manure spreaders are commonly used owing to their simplicity and ease of operation. Pull type of manure spreaders can be employed with different types of prime movers. In terms of geography, the manure spreader market is segmented into five prominent regions. Latin America and Asia Pacific witness a prominent demand for the manure spreader machines. Farmers in the U. S. frequently utilize manure spreaders owing to increased awareness. North America dominates the global market and accounts for a major share in terms of revenue. Major players operating in the global manure spreader market are profiled in this report include Eaton, Deere & Company, AGCO Corporation, CNH INDUSTRIAL N.V., Millcreek Manufacturing Inc., Salford BBI., CMI, EMB MFG Inc., and Degelman Industries Ltd.
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