Agriculture is a key pillar of the economies for several countries in Latin America and Asia Pacific. Agricultural yield has been consistently increasing for the last few years. Manure plays an important role in the quality and production of crops. Consequently, the demand for manure spreading technology has been rising for the last few years. Manure spreaders are also called as muck spreaders, or honey wagons. They are employed for distributing manure, which works as a fertilizer, over the arable area.
Key players operating in the global manure spreader market 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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A key driver of the manure spreader market is the lack of manpower. 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.
A major restraint to the manure spreader market is the significant cost, coupled with lack of awareness. The cost of the machine is considerably high, as the machinery is technologically advanced and consists of numerous components, owing to which every farmer cannot afford it. Additionally, numerous farmers are not aware about the machinery, which in turn hampers the manure spreader market.
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