Thresher Market Size (2023 – 2030)

The Global Thresher Market is estimated to be worth USD 82.35 Billion in 2023 and is projected to reach a value of USD 106.92 Billion by 2030, growing at a CAGR of 3.8% during the forecast period 2024-2030.

In the global agriculture industry, the market for threshers is a booming and important sector. The separation of grains from the harvested crop by threshers is a vital step in harvesting and a prerequisite for the global food production industry. This article gives a comprehensive overview of the global thresher market, consisting of its major drivers, trends, obstacles, and opportunities. Threshers are specialized farming tools used to separate grains from the husks and stalks that are produced on cereals like wheat, rice, corn, and barley. Despite their long history of use, modern threshers are today quite effective and adaptable thanks to technological developments. Threshers are essential for large-scale farming operations because they may greatly boost production while cutting costs. Several factors have contributed to the consistent growth of the worldwide thresher market in recent years. First, as the world's population grows and food demand rises, agricultural activity has escalated, necessitating the development of effective harvesting techniques. Threshers make it possible for farmers to quickly process their crops, guaranteeing timely harvesting and minimizing post-harvest losses. The global agriculture business depends on the thresher market for effective grain separation and crop harvesting. Growing food demand, agricultural mechanization, and technological improvements are some of the reasons propelling the industry. But there are still issues with pricing and environmental sustainability. The market for threshers is positioned for considerable development and transformation in the coming years because of ongoing improvements and the implementation of digital technologies. 

Global Thresher Market Drivers:

The increasing Global Population and Food Demand are boosting market size.

The rising need for food as a result of an expanding world population is a significant factor driving the worldwide thresher industry. As the world's population continues to increase, so does the demand for food production. Threshers effectively separate grains from crops including wheat, rice, corn, and barley, which is a vital step in the harvesting process. They give farmers the ability to quickly handle vast amounts of crops, assuring timely harvesting and minimizing post-harvest losses. Threshers considerably increase agricultural productivity and efficiency, which helps to fulfill the growing global food demand. The acceptance and expansion of the thresher industry will be fuelled by the rising need for food as the population continues to grow.

Agricultural Mechanization and Labor Efficiency are fuelling market expansion.

Another important factor propelling the global thresher market is the push toward agricultural mechanization. Mechanized agricultural practices are replacing labor-intensive manual farming methods in many locations. This change is being brought about by the need to increase labor productivity, lessen reliance on physical labor, and deal with labor shortage issues. Threshers provide a solution by automating the separation of grains, allowing farmers to cover more ground faster and produce more. Mechanization helps farmers properly utilize their resources while increasing production and lowering labor needs. The popularity of threshers in agricultural operations is anticipated to increase with the introduction of improved thresher models equipped with cutting-edge features and technologies, such as larger capacity, better grain quality, and decreased power consumption.

Global Thresher Market Challenges:

The availability and affordability of threshers, particularly for small-scale farmers in developing countries, is one of the biggest problems the market faces globally. Threshers can be expensive up front, making it challenging for farmers with little resources to acquire this agricultural equipment. Additionally, poor infrastructure, particularly in rural locations, such as shoddy road systems and limited access to power, creates obstacles to the effective deployment and operation of threshers. It is essential for the widespread acceptance and expansion of the thresher market, particularly in developing regions, to address the cost issue and improve accessibility to thresher technology through financing alternatives, government subsidies, and infrastructural development.

Global Thresher Market Opportunities:

The use of digital technologies represents a significant business opportunity for threshers worldwide. Threshers can be equipped with automation, data analytics, and Internet of Things (IoT) technologies, allowing for real-time monitoring, predictive maintenance, and improved operational efficiency. With sensors and networking options, smart threshers give farmers useful information about crop conditions, productivity, and machine efficiency. Manufacturers of threshers may deliver cutting-edge solutions that enhance performance, boost production, and give farmers useful data for making educated decisions about their farming operations by embracing digital technologies. 

COVID-19 Impact on Global Thresher Market:

The importance of food security and agricultural production has been brought to light by the COVID-19 pandemic. Governments and organizations are aware that supporting agriculture is essential to ensuring a reliable supply of food. Investments in agricultural equipment, particularly threshers, have been made to boost output and efficiency. The good news for the global thresher market is that this increased necessity for these machines to enhance crop harvesting and grain-separating procedures has led to a rise in their demand. The global thresher market has also been negatively impacted by the COVID-19 pandemic. Delays in production and delivery as well as a shortage of threshers have been brought on by issues with the global supply networks. The accessibility of trained workers for production and installation has been impacted by travel restrictions and lockdown procedures. Additionally, economic unpredictability and financial constraints have slowed investment and purchase decisions, which has had an impact on the thresher market's overall growth. These difficulties have led to short-term setbacks and market uncertainty.

Global Thresher Market Recent Developments:

• In May 2022, John Deere acquired an algorithm package from AI firm Light to hasten the shift to automated farming. Deere will be able to automate its agricultural equipment and deploy multi-array camera technology as a result of the acquisition. They intend to boost equipment speed and safety while reducing the need for human intervention by introducing AI into their product range. By applying cutting-edge algorithms, John Deere has advanced toward fully autonomous farming.

THRESHER MARKET REPORT COVERAGE:

Global Thresher Market Segmentation:

Global Thresher Market Segmentation: By Product

• Spike-Tooth Type

• Axial Flow Type

• Hammer Mill Type

• Wire-Loop Type

• Others

The market for threshers can be divided into spike-tooth type, axial flow type, hammer mill type, wire-loop type, and other types based on product. Due to its broad applicability across different crops, the spike-tooth type segment, which includes threshers with spiked teeth for grain separation, commands a sizeable market share. Due to its effectiveness and high-quality grain output, the axial flow type segment, which is defined by the axial flow mechanism for grain separation, is the one that is expanding the fastest. Using a hammering motion to separate grains, the hammer mill type sector has a substantial market share. The wire-loop type segment, which uses wire-loop technology for separating grains, is growing moderately. The market as a whole is influenced by several thresher kinds, including specialized and niche items. The axial flow type is the fastest escalating sector due to its efficiency and capacity to meet the rising demand for high-quality grain output, while the spike-tooth type holds the biggest market share.

Global Thresher Market Segmentation: By Application

• Groundnut

• Corn

• Wheat & Rice

• Sunflower

• Others

By application, the world market for threshers may be divided into groundnut, corn, wheat and rice, sunflower, and others. Wheat and rice account for the highest market share due to their widespread production and significant global consumption. Corn has a sizable market share thanks to the several industries in which it is used. Due to the rising demand for sunflower oil and its byproducts, sunflower is the segment with the quickest growth. Despite being a tiny market, groundnut oil is increasingly popular and is used in a variety of culinary applications. Niche crops and specialized uses are included in the "others" sector and contribute to the market as a whole. Wheat and rice lead the thresher market with a sizable market share, while sunflower emerges as the category with the quickest growth rate, driven by the rising demand for sunflower oil and associated products on the international market. 

Global Thresher Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

Region-wise subgrouping of the worldwide thresher market includes North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region now holds the greatest market share, thanks to the vast agricultural activity in nations like China and India, where threshers are widely employed for a variety of crops. The presence of significant agricultural machinery manufacturers is also advantageous to the area. Following closely is North America, where mechanical farming methods are used in nations like the United States and Canada, which account for a sizable market share. As a result of rising investments in agricultural mechanization and the adoption of cutting-edge farming technologies, the Asia Pacific area is also the category with the quickest growth. The thresher market is influenced by other areas, such as Europe, South America, and the Middle East & Africa, each of which has its market dynamics and prospects. 

Global Thresher Market Key Players:

1. Mahindra & Mahindra

2. John Deere

3. Kubota

4. Deluxe Agro Industries

5. AGCO

6. Bharat Industries

7. Iseki & Co

8. ALMACO

9. Alvan Blanch

10. Wuhan Acme Agro Tech

11. Unnati Threshers

12. Kovai Classic Industries

13. Hunan Sunfield Agricultural Machinery

14. Shandong Guangzhong Machinery

15. Rizhao Peakrising International