January 23, 2020 by Steve Blade
Thresher Market, Thresher Market Report, Thresher Market size, Thresher Market Share, Thresher Market survey, Thresher Market intelligence, Thresher Market Trends, Thresher Market strategy, Thresher Market research report,
Mechanization is induced in farming activities where different equipment and machines are employed to enhance the crop yield. Threshers are the machineries which are used to perform heavy fieldwork. They perform tasks like separation of seeds and grains form chaff which in turn enhances the production from the farm. Mechanization of agricultural segment is getting increasingly adopted across the globe. New and advanced technologies along with equipment are employed to create advanced threshers in order to increase the profitability of different farming activities. Such moves are eyed as a blessing for agricultural segment as they reduce the labor-intensive activities.
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High price is major challenge
Global thresher market is predicted to grow at 3.3% CAGR in the period 2017-2026. The thresher market faces challenges in terms of high maintenance and purchase cost. High price discourages farmers to purchase Thresher Market. High interest rates are the other negative factors that are borne by the farmers. Farmers working at local and regional level along with small agricultural communities suffer the most because of the high purchase price, huge maintenance cost and high interest rates on loans.
The overall volume of threshers that is expected to be sold globally is estimated to exceed 1 million units. Spike-tooth threshers are getting adopted in different developing economies owing to their enhanced performance. Agriculture landscapes are preferring threshers over conventional methods due to less labor engagement. Axial flow threshers are also gaining significance amongst farmers as they hold the potential to increase the profitability of different agricultural activities including harvesting and threshing. Fact.MR report states that both the type of threshers i.e. spike-tooth and axial flow are expected to cumulatively acquire more than 45% of the market.
Wheat threshing is a prominent activity in global market
Major players are introducing hydraulic systems in threshers to gain from its advantages in different aspects that include power transmission, affordable maintenance and consistency of torque. Fact.MR report highlights the fact that majority of the threshers sold by the year 2026 will have hydraulic system in it. Manufacturers are developing such hybrid threshers as they are expected to witness surged demand in the coming years. The sale of the hybrid threshers is forecasted to grow at 3.5% CAGR in the coming years. Different positive attributes of hybrid threshers like flexibility in operation, enhanced safety and integration of sensors are projected to positively influence the sale of threshers in the coming years.
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Of all the major agricultural activities, wheat threshing is expected to acquire one-fourth global market share. Manufacturers in the global market are improving the design of threshers to efficiently assist in different activities like harvesting and threshing of the cash crops. Cash crops like wheat offer greater profits which generates lucrative opportunities in the market. Prominent players in the global thresher market are Mahindra and Mahindra, Rizhao Peakrising International Co. Ltd, haoqing Fengxiang Food Machinery Co. Ltd., Shandong Guangzhong Machinery Co., Ltd., ALVAN BLANCH, Zhengzhou aix machinery equipment co. ltd., Vishwakarmaagro, Amar Agriculture Machinery Group and Derre And Company.