Rockville, MD -- (SBWIRE) -- 07/11/2019 -- Increasing burden of soaring food consumption levels on the agricultural sector has driven the mechanization of farming tools to increase the farming outputs. Heavy fieldwork machines such as threshers are observed to play a key role in enhancing the crop yield and improving the quality of the harvest. While the use of threshers will become more imperative in future farming activities, their high prices will continue to pose a considerable challenge for market player. In the foreseeable future, high prices of threshers will deter their widespread adoption while farmers will struggle to cope with increased maintenance costs and high interest rates of agricultural equipment loans.
With soaring food consumption levels, agricultural sectors of developed as well as developing economies are striving to boost the production of farmlands and increase profitability. Agricultural mechanization continues to be recognized as a pivotal force that aims to increase farm outputs through the use of heavy fieldwork machines and equipment such as threshers. Farmers are using threshers to increase profitability of harvesting, threshing and other common farming activities.
Fact.MR foresees a sluggish growth for the threshers market during the period, 2017-2026. It has been observed that in the near future, the demand for threshers will dwindle on the back of financial infeasibility. Over the forecast period, the global market for threshers is assessed to expand at a CAGR of 2.8% in terms of volume. Key presumptive scenarios developed in the forecast study estimate the global threshers market to touch a valuation of US$ 3.38 billion by the end of 2026.
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The performance advantages of spike-tooth threshers will drive their adoption in developing countries. Less laborious operability of these threshers will drive their use across traditional agricultural landscape. Axial flow threshers are also expected to witness significant sales growth as farmers from around the world will be eyeing at their use in increasing the profitability of threshing and harvesting. By the end of 2026, axial flow threshers and spike-tooth threshers will collectively account for more than 45% of the overall global market value.
Key Deterrents for Adoption of Threshers
The mechanical advantage of threshers in farming activities is high on productivity, wherein new threshing technologies will be improving the quality of the harvest for future generations. Regardless, the sales of threshers are less likely to incur impressive growth in 2018 and beyond. Factors deterring farmers from purchasing threshers have been analyzed in the report, which include:
consistently high prices of threshers across the globe
cost-intensive maintenance of heavy fieldwork machines
challenges faced by traditional agricultural enterprises in terms of adapting to the advancements in threshers
high APRs of agricultural loans for threshers
It has been estimated that majority of local farmers across multiple geographies in the world will consider not buying threshers, which will incidentally drive the leasing or renting of these heavy machines.
Global Threshers Market: Manufacturing Insights
Key findings from the report reveal that majority of manufacturers will be developing threshers on hydraulics systems. Mechanization benefits of hydraulic threshers will continue to fuel their sales and translate high profits for market players. By 2026, more than half of million units of threshers sold in the global market will be developed on hydraulic mechanism. Several companies are also expected to extend the production of threshers developed on hybrid mechanism. Over the forecast period, hybrid mechanism of threshers is pegged to reflect a CAGR of 3.5% in terms of volume.
Prominent manufacturers namely, Mahindra and Mahindra, Derre And Company, Rizhao Peakrising International Co. Ltd, Deluxe Agro Industries, AGCO, Wuhan acme agro-tech co. ltd, Golden machinery equipment co. ltd, Zhaoqing Fengxiang Food Machinery Co. Ltd, Hunan Sunfield Agricultural Machinery Co., Ltd., Shandong Guangzhong Machinery Co., Ltd, ALMACO, ALVAN BLANCH, Amisy Farming Machine, Zhengzhou aix machinery equipment co. ltd, Cicoria, Vishwakarmaagro, Iseki and Co., and Amar Agriculture Machinery Group will be instrumenting the global production of threshers in the coming years.
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