Europe Harvester Thresher Market

Europe Harvester Thresher Market Size (2024 to 2032)

The European harvester thresher market was valued at USD 16.88 billion in 2023 and is anticipated to reach USD 17.69 billion in 2024 from USD 88.88 billion by 2032, growing at a healthy CAGR 4.80% during the forecast period from 2024 to 2032.

A thresher is a specialized piece of farm equipment that serves the purpose of threshing grain.  It achieves this by removing the seeds from the 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 labor. It was after the 19^th century that the market for threshers took off worldwide.

The growth of the harvester thresher market is mainly driven by the boom in the agricultural industry. The rising population, 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 favorable government policies regarding agriculture. As for the restraints of the market, the technical skill required and the high costs are the main deterrents.

SEGMENT ANALYSIS

Europe Harvester Thresher Market Analysis By Product

• Type I
• Type II
• Type III

Europe Harvester Thresher Market Analysis By Application

• Application 1
• Application 2
• Application 3

COUNTRY ANALYSIS

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The European region has the second highest market share globally only behind the likes of North America, albeit with a low CAGR rate. The low growth rate of the region can be attributed to the fact that most countries in the region are in their pinnacle of development and the room to grow is fast decreasing.

KEY MARKET 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.