Europe Box Spreader Market

Growing Agri-tech to Spur the Box Spreader Sales Over the Assessment Period

Based on the Fact.MR analysis, the Europe box spreader market is estimated to be valued at US$ 361.9 million in 2023 and grow at a CAGR of 3.7% over the forecast period from 2023-2033.

Box-spreader is tools to carry fertilizers, manure, construction materials, and other materials, to spread them evenly for further processes such as sowing seeds, construction, and more. The growing agricultural needs due to the rising population and agritech industry growth propel the demand for the box spreader market.

Report Attributes	Details
Box Spreader Market Size (2022A)	US$ 350.6 Million
Estimated Market Value (2023E)	US$ 361.9 Million
Forecasted Market Value (2033F)	US$ 521.9 Million
Europe Market Growth Rate (2023-2033)	3.7% CAGR
Germany Estimated Market Value (2023E)	US$ 90.5 Million
France Market Growth Rate (2023-2033)	~4.3% CAGR
United Kingdom Market Growth Rate (2023-2033)	~2.5% CAGR
Key Companies Profiled	RAUCH Landmaschinenfabrik GmbH Swenson Products Pronar Sp. z o.o. KUHN SAS

Comprehensive Analysis of the Box Spreader Market

Box-spreader has diverse applications across the construction, mining, and agriculture sectors, which augments the market's growth. Further, with the advent of technology, the market is estimated to witness a positive growth outlook over the projection period across Europe, especially in Germany and France.

• Short-Term Growth Projection: Customization coupled with the growing demand for rental services to bolster sales of the box spreader over the period.
• Medium-Term Growth Projection: Agritech industry growth to pave the way for the market’s growth.
• Long-Term Growth Projection: R&D to offer immense growth opportunities to the market by opening a plethora of applications for the market.

Over the 2018-2022 historical period, the Europe box spreader market registered a CAGR of 3.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.7% CAGR between 2023 and 2033.

Market share analysis of box spreader based on mode of operation and country is provided in a nutshell in the above image. Under the mode of operation segment, the hydraulic sub-segment is estimated to reach a market share of 44.0% in 2023.

“Customization and Upgrading Technological Features to Gear up Sales of Box Spreaders”

With the shifting consumer requirements and demands, manufacturers have to provide customized products to meet their customer's specific requirements. Customization plays a crucial role in defining the competitiveness of a brand and the potential to retain customers.

Further, technology enhances the performance of the machinery and improves the quality of the output. Box spreaders with a detachable conveying cartridge open up fruitful possibilities for the expansion of the box spreader's sales. The cartridge that can be replaced adds a new level of versatility to snow and ice management by enabling users to select between an auger, dual auger, pintle chain, or belt conveyor in addition it becomes easier to service and repair. Such features are anticipated to meet the customer's specific demand and augment the market's growth over the forecast period.

Additionally, there are safety features that permit tool-free access for routine maintenance, wide base rails, remote chain tensioning, and a conveyor for more even spread and to reduce material bridging, among others. There are also spinner deflectors that do not require tool adjustment, shed a spinner drive design to control fouling and clogging in the chute, a telescoping discharge chute for even high flow rates, and a fully replaceable conveyor cartridge, among others. Such features drive the market's growth over the projection period.

“High Cost of Machinery to Restrain the Market’s Growth”

Box-spreader has the capacity to a challenge and the presence of alternatives to overcome such challenges restrain the growth of the market. Further, the machine has a high initial and high maintenance cost which also hampers its growth. As potential customers switch to feasible alternatives. However, with the customization and integration of technology, such challenges can be overcome over the forecast period.

Country-wise Insights

What are the factors driving the market’s growth across Germany?

Box spreaders are used for spreading manure or construction material for farming and road construction respectively. In earlier times workforce is used to accomplish such tasks, which resulted in more labor, time, and cost. Box spreaders integrated into trucks or tractors manage the spreading material task efficiently and material is evenly distributed for better output.

In Germany, box spreaders' demand is rising owing to the increasing labor cost and flourishing agritech sector. For instance, the labor cost in Germany is around 30% more than the EU average. German Federal Office statistics show that in 2021, the average hourly wage in Germany was 37.3 euros, and 41.9 euros in the industrial sector.

Hence, the growing labor cost creates a market for the agritech to reduce the operational cost and enhance productivity. in Germany there are 277 AgriTech startups, and this, in turn, drives the box spreader’s growth.

Why is the France box spreader market expected to be highly lucrative?

The growing development of highways and railways creates ample opportunities for the market. For instance, in accordance with a comprehensive transportation plan, France will spend US$ 5.3 billion on highway construction and maintenance up to 2022.

The government pledged to invest US$ 13.8 billion in general transportation, which includes the fund for highways. The railways will receive more than half of the funding. In such developments, the material bed is to be prepared for that box-spreader has a high requirement, owing to this market will witness favorable growth across France.

Category-wise Insights

Why electric-type is gaining traction in the box spreader market?

Electric mode of operation is gaining traction owing to the fact that fuel prices are rising, further, in the near future it is estimated that inflation and rising fuel prices to reduce the adoption of fuel-driven machinery or vehicles. On the back of such factors, market players have adopted electrical energy to fuel the box-spreaders and ensure high-profit margins. Hence, driving the segment's growth in the market.

Which end-use industry is gaining traction over the forecast period?

Fertilizer and manure spreading requirements drive the market's growth as box-spreader spreads the fertilizer and manure evenly for further usage and also save labor costs and time. Due to this factor, the segment is projecting high demand for the box spreader.

Key Stratagems by Market Players

Prominent market players in the box spreader market include RAUCH Landmaschinenfabrik GmbH, Swenson Products, Pronar Sp. z o.o., and KUHN SAS, among others.

Manufacturers are adopting various strategies for gaining high-profit margins and remaining competitive in the market. Establishing long-term trade relations with the end-users to ensure revenue growth during unfavorable trade situations.

Further, establishing an online presence leads to brand recognition and help out market players reach more customer through the online platform and also understand the customer's needs and wants.

Fact.MR has provided detailed information about the price points of key manufacturers of box spreader positioned across countries, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Box Spreader Industry Research

• By Hopper Capacity :

  • 200-500
  • 500-700
  • 700 & above

• By Mode of Operation :

  • Mechanical
  • Hydraulic
  • Electric

• By Application :

  • Cargo lifting and shifting
  • Fertilizer and manure spreading
  • Surface mining
  • Others

• By End-Use Industry :

  • Shipping Industry
  • Railroad industry
  • Manufacturing industry
  • Agricultural industry
  • Mining industry
  • Health care industry

• By Country :

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • BENELUX
  • NORDICs
  • Portugal
  • Rest of Europe