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A Comprehensive Analysis on Thresher Market Trends By Key Players- Kirloskar Oil Engines, Mahindra & Mahindra, Shrachi Agro, LANCER AGRICO, Deere & Company
A thresher is an agriculture machinery utilized to remove grains from its chaff and stalks. It utilizes the conventional method of beating the husks in order to remove the grain. A typical thresher is utilized to obtain grains of wheat, peas, soybeans, corn, and rice. A thresher is also known as thresher machine.
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Increased demand for rapid farming technologies, preference for machine-based farming, and less time consumption are primary factors driving the global thresher market. Conventional methods of separating grains consume considerable time and require more labor. A thresher consumes significantly lower time for separating grains and eliminates the need for number of labor, which in turn saves expenses over labor and helps the farmer to increase production. Therefore, the preference for thresher machines among farmers is increasing due to the rising demand for grains. Increase in population, urbanization, and import and export at the international level is fueling the demand for grains and food, which in turn is propelling the global thresher market.
A key restraint to the global thresher market is its cost. Significant number of farmers across the globe have significantly lower per capita income and hence, they are not capable of buying expensive machinery such as thresher.
The global thresher market can be segmented based on thresher type, number of crops handled, power source, and region. Based on thresher type, the global thresher market can be categorized into seven segments. Spike tooth threshers are simple in construction and hence, being preferred by large number of farmers across the globe. Rapid operation, low power consumption, and low cost of spike tooth thresher are attracting consumers.
In terms of number of crops handled, the global thresher market can be divided into two segments. Multi-grain threshers are capable of handling several crops with just minor changes in it, which eliminates the need of using separate threshers for different crops. Multi-grain threshers reduce the expense of farmers, and hence, their demand is increasing across the globe. Based on power source, the global thresher market can be segregated into three segments. Tractor-powered threshers are capable of operating in diverse conditions and do not require electricity for threshing. Therefore, tractor-powered threshers are significantly popular amongst farmers, especially across Asia Pacific.
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In terms of region, the global thresher market can be segmented into five prominent regions. Asia Pacific has a considerably large agriculture sector, which is witnessing an increase in demand for machine-based farming. Increasing per capita income, unavailability of labor due to rapid urbanization, and increasing demand for rapid farming techniques are fueling the demand for threshers across Asia Pacific. North America accounts for a prominent share of the global thresher market. Higher per capita income and preference for individual agriculture machinery by the farmers across North America has led to the large number of threshers across the region.
Key players operating in the global thresher market include Kirloskar Oil Engines Ltd, Mahindra & Mahindra Ltd, Shrachi Agro, Alvan Blanch Development Company Limited, LANCER AGRICO LTD., Deere & Company, and Kovai Classic Industries.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
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Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
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