Global Manure Spreaders Market 2017-2021
About Manure Spreaders
Manure spreader is a machine that is used to spread fertilizers over an arable land. This is used for transferring barnyard manure, composted manure from stores to the fields. The global manure spreader market is estimated to experience a steady growth in terms of volume sales during the forecast period. Shrinking labor force in countries like the US and India is leading to substantial losses and is encouraging many farmers to use manual spreaders.
Technavio’s analysts forecast the global manure spreaders market to grow at a CAGR of 6.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global manure spreaders market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Manure Spreaders Market 2017-2021
Technavio recognizes the following companies as the key players in the global manure spreaders market: AGCO, CNH Industrial, CLAAS, and Deere & Company.
Other Prominent Vendors in the market are: Agrihire, Çelikel, Degelman, Delica, Katyas Corporation, KUHN, KUBOTA, Lely, Shelbourne Reynolds Engineering, and Tirth Agro Technology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of new manure spreaders. The launch of new manure spreaders can increase the use and sales of machinery in the coming years. The growing demand for advanced features, improved performance, and better capacity in machinery has contributed to the development of new machinery.”
According to the report, one driver in the market is support from government in the form of subsidies. Governments across the world offer subsidies on agricultural machinery to improve farm production. They also help farmers buy machinery on credit from different banking and non-banking financial corporations. Some governments have also increased the minimum support price of agriculture commodities, like wheat and pulses, thereby increasing their income. This facility also makes purchasing agricultural equipment easy for the farmers.
Further, the report states that one challenge in the market is increasing sales of pre-owned machinery. As the cost of manure spreaders is very high, farmers are influenced to purchase used machines at a low price. For instance, Mascus is an online marketplace for used heavy machinery. Similarly, Fendt, an AGCO brand also started the Fendt Star Certified - Pre-owned machine program in 2015, which enables the customers of AGCO to purchase agricultural machinery that has been manufactured less than four years ago. These machines come with a one-year warranty. Therefore, the demand for used machinery is rising and becoming challenging for the manufacturers of new machinery. It is adversely affecting the demand for new haying and forage machinery.
AGCO, CNH Industrial, CLAAS, Deere & Company, Agrihire, Çelikel, Degelman, Delica, Katyas Corporation, KUHN, KUBOTA, Lely, Shelbourne Reynolds Engineering, and Tirth Agro Technology.
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