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The global agricultural threshers market is expected to grow at a CAGR of almost 3% during the forecast period
Agricultural threshers industry growth is expected to accelerate over the next five years, driven by the rising focus on ameliorating labor costs for post-harvesting. The manual method of threshing involves the beating of a sack on a wooden board which is a time-consuming process and the chances of crop losses are high. Agricultural threshing machines help reduce the time involved and also lower the overall expenditure on threshing owing to rise in wages of agricultural labors in many developing economies. In addition, the portability of the threshing machine makes it a feasible agricultural equipment for farmers to increase the quality of threshing, which is expected to fuel the demand for agricultural threshers. Technavio’s agricultural threshers industry analysis reveals promising markets around the world.
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APAC will drive the largest growth for the agricultural threshers market over the next five years
Almost 47% of the incremental growth in the global agricultural threshers market will be driven by APAC, while the Americas and EMEA will make sizeable contributions to the global market size. APAC dominated the global agricultural threshers market in terms of market share followed by the Americas and EMEA. Also, APAC is expected to retain their dominant position in the global agricultural threshers market at the end of the forecast period, owing to many countries in the region having a large number of smallholder farms. According to this latest market research report, APAC is forecasted to witness the fastest rate of growth in the global agricultural threshers market, while the Americas will display a lower CAGR than EMEA during the period of forecast.
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ALMACO, Alvan Blanch, and Cicoria are among the leading agricultural thresher machine manufacturers
The global agricultural threshers market is slated to become highly concentrated during the course of the forecast period owing to the existence of a few international and regional thresher machine manufacturers who offer the agricultural equipment such as single crop threshers and multi crop threshers. Most of the leading agricultural machinery manufacturers are vying for their share of the global agricultural threshers market, and all the key players must differentiate themselves to gain vital traction over their peers.
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Mahindra & Mahindra
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