Thresher Market is Expected to Reach USD 146 billion by 2034 at a Compound Annual Growth Rate of 6.7%

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Thresher Market is Expected to Reach USD 146 billion by 2034 at a Compound Annual Growth Rate of 6.7%

The global thresher market is anticipated to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034, reaching a size of US$ 76.33 billion in 2024, according to a recently updated research report published by Fact.MR.

The global thresher market is anticipated to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034, reaching a size of US$ 76.33 billion in 2024, according to a recently updated research report published by Fact.MR. In addition to market expansion, population growth, and growing global food consumption are fueling the need for sophisticated agricultural machinery to boost productivity.

Threshers contribute to the world's food supply by increasing agricultural efficiency and productivity. As the world's population increases, threshers are anticipated to become increasingly common. Advanced threshers are being developed to extract seeds from stalks, husks, chaff, and straw as agricultural mechanization increases worldwide.

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Sales of threshers are rising quickly as a result of farming operations using mechanical equipment more productively and efficiently. As farmers cultivate a wider variety of crops, they require more adaptable threshing machinery. Grain quality and threshing efficiency are being enhanced by the incorporation of IoT and smart technology into threshers.

Leading regional markets that are expanding more quickly than the world average include North America and East Asia. More than two-thirds of global thresher sales come from these two regions combined.

Key Takeaways from the Market Study

Between 2024 and 2034, the global thresher market is expected to grow at a compound annual growth rate (CAGR) of 6.7%.The market is forecasted to climb to a value of US$ 146 billion by the end of 2034.
By the end of 2034, the market is expected to have grown to a value of US$146 billion.
By 2034, China is predicted to hold a 60.8% market share in East Asia.
It is projected that the sales of threshers in Japan will generate $8.29 billion in revenue by 2024.
From 2024 to 2034, the East Asian market is expected to grow at a compound annual growth rate (CAGR) of 7.8%.

Top Companies Advancing Innovation in the Threshers Industry

Alvan Blanch; ALMACO; Zhengzhou Aix Machinery Equipment Co., Ltd.; Amisy Farming Machine; Vishwakarma Agro; Cicoria; Amar Agriculture Machinery Group; Iseki and Co.; Deluxe Agro Industries; Mahindra and Mahindra; Deluxe Agro Industries; Rizhao Peakrising International Co. Ltd.; Wuhan Acme Agro-Tech Co., Ltd.; AGCO; Zhaoqing Fengxiang Food Machinery Co. Ltd.; Golden Machinery Equipment Co. Ltd.; Shandong Guangzhong Machinery Co., Ltd.; Hunan Sunfield Agricultural Machinery Co., Ltd.; Iseki and Co.

Due to the extensive agricultural activity in nations like China and India, where threshers are widely employed for a range of crops, Asia Pacific has a sizable thresher market share. Thresher sales are being impacted by the distinct market dynamics of other regions, including Europe, South America, the Middle East, and Africa. China's and many other nations' agricultural industries are rapidly modernizing, shifting from manual labor to mechanized farming. Threshers and other agricultural equipment are in great demand as a result of this change.

Threshers Industry News

To hasten the shift to mechanized farming, John Deere purchased an algorithm package from AI company Light in May 2022. Through the acquisition, Deere will be able to implement multi-array camera technology and automate its agricultural machinery. John Deere has used state-of-the-art algorithms to make major strides in completely autonomous farming.

A thresher was introduced in Zimbabwe in March 2024 as part of CIMMYT's Feed the Future Mechanization and Extension Activity, which is supported by USAID and aims to address issues in small grain processing and give farmers access to new markets. The introduction of this multi-crop thresher enhances the general quality of small-grain goods while also lessening the physical strain associated with human threshing. In order to boost small grain production and consumption in Zimbabwe and enhance food security and farmer livelihoods, this innovation is essential.

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Country-wise Insights

In 2024, North America is anticipated to account for 28.6% of the worldwide thresher market. Because of the extensive agricultural activity in nations like China and India, where threshers are widely employed for a range of crops, Asia Pacific has a sizable market share. The region's players also benefit from the presence of large producers of agricultural equipment. North America comes in second, with nations like the US and Canada using automated farming techniques and holding a sizable portion of the market.

The Asia Pacific region is also expanding steadily as a result of higher investments in agricultural mechanization and the use of advanced farming technologies. Every other region has its own market, including the Middle East, Africa, South America, and Europe.

In 2024, the United States is projected to hold a 42.6% market share in North America. The agricultural industry in the United States is sizable and highly technologically sophisticated. Grain crops like wheat, rice, and beans are the main crops that these threshers are utilized for. The nation's farms are becoming larger and more industrialized as a result of farm consolidation. The need for standalone threshing machines is declining as a result of these companies' frequent use of combined harvesters rather than individual threshers.

Manufacturers are thinking about offering complete post-harvest solutions or branching out into related agricultural equipment. This is a significant trend in the thresher market. Creating threshers that are energy-efficient and ecologically friendly is in line with trends in agricultural sustainability and appeals to farmers who care about the environment.

Category-wise Insights

The market for threshers is divided into product and mechanism categories. The market is further divided by product into drummy, hammer mill, spike tooth, rasp bar, wire-loop, axial flow, and syndicators. In 2024, axial flow is anticipated to have a significant market share of 22.3%.

Spike-tooth threshers' performance benefits are anticipated to propel their uptake in developing nations. These threshers are expected to become more common in traditional agricultural settings because to their less labor-intensive operability. Leading companies in the industry are producing threshers with hydraulic systems, which offer devices with excellent power transmission efficiency, consistent torque, and low maintenance costs.

By 2024, manual threshers are expected to hold a 38.9% global market share. Because they don't need fuel or electricity to operate, these threshers are less expensive to buy initially than motorized or automated threshers.

It is appropriate for farmers with less technical expertise because it has fewer intricate systems, which make it simpler to use and maintain. Many people prefer manual threshers because they are typically lighter and more compact than motorized ones. It is easy to move manual threshers between small plots or to other areas of a farm.