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Jul 13, 2023

Manure Spreader Sales Valuation to Cross USD 1.3 billion by 2031, Lack of Manpower in Rural Areas Augmenting Market Trajectory: TMR Report

Rise in utilization of advanced agricultural equipment and surge in adoption of

Rise in utilization of advanced agricultural equipment and surge in adoption of mechanized farming methods are anticipated to propel the demand for manure spreaders

Wilmington, Delaware, United States, April 25, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Pressing need to improve crop productivity and reduce production costs for farmers is likely to drive the adoption of agricultural equipment, including manure spreaders. The global manure spreader market was valued at US$ 980.0 Mn in 2022 and is projected to reach US$ 1.3 Bn by 2031.

Constant advancements in agriculture machinery are likely to pave the way for advanced designs in side-discharge and rear-discharge spreaders. An instance is demand for manure spreaders integrated with industrial IoT (IIoT).

New designs in manure spreader machine are likely to broaden the market outlook in the near future. Rise in demand for automated manure spreaders is anticipated to accelerate market development. Rapid pace of adoption of sturdy and durable manure, compost, and fertilizer spreaders among farmers in developed countries such as those in North America is projected to augment the market value in the next few years.

Recent trends indicate a rise in adoption of organic farming methods in North America. This is likely to exert a favorable influence on the growth dynamics of the market.

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Key Findings of Study

Rapid Rate of Adoption of Tractor-mounted Manure Spreaders : Rise in adoption of tractor-based manure spreaders is expected to bolster the market. Increase in trend of mechanization of manure application in large farms and grasslands is anticipated to bolster the usage of tractor-mounted manure spreaders.

Farmers with small holdings in developing countries are also likely to purchase manure spreaders, encouraged by the availability of easy finance options. Surge in awareness about several benefits of manure spreader, such as enhanced crop productivity and economic usage of fertilizers, is anticipated to bolster the demand for these among farmers.

Advancement in Manure Spreader Technology to Open New Revenue Opportunities : Companies in the manure spreader market are undertaking R&D activities to launch advanced products. They are equipping the agriculture machinery with advanced hardware and software. An example is the deployment of an interactive user interface and cloud-based technology. Increase in trend of automation in farming machinery is projected to spur the manure spreader industry development.

Key Drivers

Rise in need to improve food security is anticipated to drive the adoption of precision agriculture equipment. Rapid increase in trend of farm mechanization in developed countries is expected to bolster market growth. Governments of many countries, especially those of developing countries, are encouraging mechanization in farming activities with the objective to promote crop productivity.

Continuous advancement in manure spreaders is expected to broaden the market outlook. Integration with AI technology is likely to strengthen the market prospects of next-generation manure spreaders.

Surge in adoption of tractors and trailers for large grasslands and farms is anticipated to accelerate manure spreader market development in the near future. Rapid expansion of the agriculture sector in developing countries is expected to bolster the market growth.

Governments are undertaking several initiatives to boost the adoption of advanced agriculture equipment and are offering subsidies to facilitate this. For instance, banks and financial institutions in India are offering loans to eligible farmers to enable them purchase tractors, combined harvesters, and farm implements.

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Regional Growth Dynamics

North America is projected to account for dominant market share from 2023 to 2031. Surge in usage of advanced farming machinery is expected to propel the market in the region. Rapid adoption of manure spreaders among farmers in the region can be ascribed to their high per capita income. Prominent presence of several agriculture equipment manufacturers who are engaged in designing and manufacturing of high-quality manure spreaders is likely to augment the market size in North America.

Asia Pacific is a lucrative market for manure spreaders. Rise in adoption of manure spreaders is driven by the growth in awareness about productivity gains and cost benefits among farmers. Increase in government support in facilitating the purchase of agriculture machinery in developing countries is likely to fuel the market.

Competition Landscape

The business landscape is highly competitive, with the presence of several small-sized companies in the manure spreader industry. Prominent companies are entering into partnerships in order to develop innovative products and increase their market share.

Key players operating in the manure spreader market are Agri-Spread, BOSSINI S.r.l, DANGREVILLE, Farmtech d.o.o., Fimaks Machinery Co., Ltd., JOSKIN S.A., GRV, PICHON, Rolland Trailers, SIP, and Ursus SA.

Key Points from TOC:

1. Executive Summary

1.1. Global Market Outlook

1.1.1. Market Size in Units, Value US$ Bn, 2017-2031

1.2. TMR Analysis and Recommendations

1.3. Competitive Dashboard Analysis

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Opportunity

2.4. Market Factor Analysis

2.4.1. Porter's Five Force Analysis

2.4.2. SWOT Analysis

2.5. Regulatory Scenario

2.6. Key Trend Analysis

2.7. Value Chain Analysis

2.8. Go to Market Strategy

2.8.1. Demand & Supply Side Trends

2.8.1.1. GAP Analysis

2.8.2. Identification of Potential Market Spaces

2.8.3. Understanding the Buying Process of the Customers

2.8.4. Preferred Sales & Marketing Strategy

3. COVID-19 Impact Analysis – Manure Spreader Market

4. Global Manure Spreader Market, By Type

4.1. Market Snapshot

4.1.1. Introduction, Definition, and Key Findings

4.1.2. Market Growth & Y-o-Y Projections

4.1.3. Base Point Share Analysis

4.2. Global Manure Spreader Market Size & Forecast, 2017-2031, By Type

4.2.1. Tractor Based

4.2.2. Ground Based

5. Global Manure Spreader Market, By Component

5.1. Market Snapshot

5.1.1. Introduction, Definition, and Key Findings

5.1.2. Market Growth & Y-o-Y Projections

5.1.3. Base Point Share Analysis

5.2. Global Manure Spreader Market Size & Forecast, 2017-2031, By Component

5.2.1. Hitch Frame

5.2.2. Walking Axle & Wheel Components

5.2.3. Material Trailer

5.2.4. Conveyor Chain/Slot Assembly

5.2.5. Beater Assembly

5.2.6. Chain Drive

5.2.7. Conveyer Axle

5.2.8. Others

6. Global Manure Spreader Market, By Discharge Type

6.1. Market Snapshot

6.1.1. Introduction, Definition, and Key Findings

6.1.2. Market Growth & Y-o-Y Projections

6.1.3. Base Point Share Analysis

6.2. Global Manure Spreader Market Size & Forecast, 2017-2031, By Discharge Type

6.2.1. Side Discharge

6.2.2. Rear Discharge

7. Global Manure Spreader Market, By Manure State

7.1. Market Snapshot

7.1.1. Introduction, Definition, and Key Findings

7.1.2. Market Growth & Y-o-Y Projections

7.1.3. Base Point Share Analysis

7.2. Global Manure Spreader Market Size & Forecast, 2017-2031, By Manure State

7.2.1. Solid

7.2.2. Liquid

TOC Continued……

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Manure Spreader Market Segmentation

Type

Tractor Based

Ground Based

Component

Hitch Frame

Walking Axle & Wheel Component

Material Trailer

Conveyor Chain/Slot Assembly

Beater Assembly

Chain Drive

Conveyor Axle

Others

Discharge Type

Side Discharge

Rear Discharge

Manure State

Solid

Liquid

Number of Axle

Single Axle

2-Axle

3-Axle

More than 3-Axle

Application

Farm

Feed Mill

Agriculture Department

Orchard

Others

Region

North America

Europe

Middle East & Africa

South America

Asia Pacific

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