PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1228223
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1228223
The earth augers market is expected to reach USD 2.18 billion by 2028.
An auger is a spiral-shaped tool used to drill holes into the ground, dirt, and even concrete surfaces or material. In earth augers, the spiraling metal shaft attached to the blade at the end of the equipment is known as "flighting." The flighting rotates to scrape, siphon, or cut out drilled materials. Debris from the drilled materials (soil, dirt, or ice) moves with the flighting and out of the hole between the blade's rotation. Augers can be identified by different types - power earth drills, ice augers, grain augers, and others. Earth augers are powered by gas and electric motors, which are attached in front or rear to the truck or used manually (by hand).
Battery-powered earth augers are becoming a mainstream consumer durable product, thereby witnessing a high adoption by end-users in Europe, North America, and APAC. Consumers and businesses are expected to use ground maintenance services extensively, thereby driving the global earth augers market. As countries in Europe and North America have many lifestyle communities and public parks, the need for garden equipment is strong in these regions. In addition, non-profit organizations and policymakers have embarked on various projects, such as green roof programs, to boost urban green spaces and increase sales in the US industry. Top developments in the earth augers market include rapid growth in the landscaping industry, the development of sustainable cities in the West, the transfer of consumer focus to advanced technology, and the proliferation of battery-powered augers.
MARKET TRENDS & OPPORTUNITIES
Escalating Demand for Earth Augers in Construction Industry
In the residential segment, portable earth auger is prominently used for specific projects. Major earth augers market vendors designed these for multiple purposes and various size variations. They can get into backyards and small spaces for landscape projects. The commercial sector has been projected constant growth in 2022, with the reopening of the economy. The construction of hotels, private & government offices, amusement parks, and sports & convention centers is growing, thereby supporting the commercial construction market, which increases the demand for earth augers.
Evolution of New Technologies in Augers
Rapid technological advancements in recent years have led to the emergence of new technologies for agriculture equipment. These technologies help enhance the effectiveness and efficiency of farm machines. One such ground-breaking innovation in terms of garden and lawn care equipment is the introduction of autonomous brushless earth auger equipment powered by the following technologies:
Major vendors in the global earth augers market are focusing to increases the torque capacity. For instance, Ryobi's Auger has 30% more torque than the average gas unit. This earth auger is equipped with advanced technology. It is a lightweight auger with reduced vibration for increased comfort, an added advantage. This development of new technology propels the growth rate of the earth augers market in the forecast period.
SEGMENTATION ANALYSIS
INSIGHTS BY PRODUCT TYPE
The global earth augers market is categorized as portable, front-type, and rear-type earth augers by product type. Portable earth augers dominated the product type segment and accounted for a revenue share of 39.65% in terms of revenue in 2022. The segment is expected to grow enormously during the forecast period due to its drilling performance in distinct soil conditions. The growth is further propelled by the factor that portable earth augers are highly preferred in tight areas as they drill at a moderate speed, allowing the operator to control the equipment better. Moreover, these augers are highly popular among price-sensitive customers as they are more affordable than front-type and rear-type augers.
Segmentation by Product
INSIGHTS BY FUEL TYPE
The global earth augers market by fuel type segments into gas-powered, battery-powered, and electric corded. In 2022, the gasoline-powered earth auger dominated the market, accounting for a revenue share of 62.03%. The highest percentage of the gasoline-based earth auger was attributed to their more power than battery-based earth augers. Countries like the US, Germany, Sweden, and France increase the most revenue for the gas-powered earth augers market. Also, the horticulture industries increased in numbers across these countries.
Segmentation by Fuel Type
INSIGHTS BY END-USER
The agriculture sector led the earth augers market by end-user segment and accounted for USD 660.22 million in 2022 and is growing with a CAGR of 5.21% during the forecast period. The growth is attributed to the increase in the inclination of the population for farming. The growing popularity of various agriculture, horticulture, and government initiatives to encourage the farming industry are boosting the demand for agricultural product export and import in various countries. As a result, the need for the plantation & maintenance of agricultural land is growing significantly.
Segmentation by End-User
INSIGHTS BY START TYPE
The trigger start is leading the earth augers market by start type. In 2022, trigger-type earth augers accounted for a revenue share of 61.25% in the global earth augers market. It was expected to project an incremental growth of USD 336.39 million during the forecast period. Nowadays, most earth auger vendors like honda and Ryobi are shifting to electric trigger-type technology rather than recoil starter rope. The trigger starts the engine efficiently instead of using a recoil starter cord to turn over the engine. So the trigger-type technology drove the earth auger segment in the forecasting period.
Segmentation by Start Type
INSIGHTS BY AUGER BIT SIZE
The global > 9-inch earth augers market was valued at USD 603.62 million in 2022. 9-Inches augers are used for mailbox holes, digging fence posts, and holes for larger plants. Capable of drilling holes for 6-by-6 posts. These types of augers are mostly used for drilling holes in wide spaces. Typical industrial applications include drilling holes for telephone poles, solar posts, and deck posts. These blades offer a quick circular motion that helps boost their drilling performance.
Segmentation by Auger Bit Size
INSIGHTS BY BY DISTRIBUTION CHANNEL
In 2022, the offline distribution channel dominated the global earth augers market and accounted for a revenue share of 62.26% of the market. This segment is expected to witness an incremental growth of USD 272.66 million during the forecast period. Factors such as the broad reach in areas that lack better connectivity and brand loyalty, along with the quality of products, are driving the growth of this segment.
Segmentation By Distribution Channel
GEOGRAPHICAL ANALYSIS
Segmentation by Geography
COMPETITIVE LANDSCAPE
Key Vendors
Other Prominent Vendors
KEY QUESTIONS ANSWERED:
How big is the earth augers market?
What is the growth rate of the earth augers market?
Who are the key players in the global earth augers market?
What are the significant trends impacting the global earth augers market?
Which region holds the largest global earth augers market share?
LIST OF TABLES