Asia Pacific Harvester Thresher Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026. A thresher is a specialized piece of farm equipment that serves the purpose of threshing grain. It achieves this by removing the seeds from stalk and separating them from the husks.
Before the advent of such machines, the process of threshing was done manually by hand with the use of flails. This as expected was labour intensive and also time consuming, making it all the more important to automate the process. Mechanization of this process removed a substantial amount of drudgery from farm labour. It was after the 19th century that the market for threshers took off worldwide.
Drivers and Restraints of Asia Pacific Harvester Thresher Market:
The growth of the harvester thresher market is mainly driven by the boom in the agricultural industry. The rising populations along with the increased demand for food act as the major drivers for the market. Other drivers include technological advancements, research and development in the field and favourable government policies regarding agriculture. As for the restraints of the market, the technical skill required and the high costs are the main deterrents.
Asia Pacific Harvester Thresher Market - By Product:
Type I
Asia Pacific Harvester Thresher Market - By Applications:
Geographical Analysis:
Based on geography, the Asia-Pacific market is divided into
Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.
Major Key Players:
The Harvester Thresher market is highly competitive with a large number of players. Key market players dominating the market with their products are AGCO, CLAAS, CNH Industrial, Deere & Company, Dewulf, Kubota Agricultural Machinery, Kuhn, Lely, Lovol Heavy Industry, Ploeger, Pottinger, Preet, SDF and Sampo Rosenlew.
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