Harvester Thresher Market

Global Harvester Thresher Market Size (2024 to 2032)

The global harvester thresher market was valued at USD 56.71 billion in 2023 and is anticipated to reach USD 56.91 billion in 2024 from USD 88.88 billion by 2032, growing at a healthy CAGR 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 labor-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 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.

REPORT COVERAGE

REGIONAL ANALYSIS

The Harvester Thresher Market was dominated by North America in 2016, with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.

KEY PLAYERS IN THE GLOBAL HARVESTER THRESHER MARKET

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.

DETAILED SEGMENTATION OF THR GLOBAL HARVESTER THRESHER MARKET INCLUDED IN THIS REPORT

This research report on the global harvester thresher market size is segmented and sub-segmented based on product, application, and region.

By Product

• Type I
• Type II
• Type III

By Application

• Application 1
• Application 2
• Application 3

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa