Global Agricultural Threshers Market 2018-2022 | Rising Focus on Reducing Labor Cost for Post-Harvesting | Technavio
LONDON--(BUSINESS WIRE)--Nov 12, 2018-- analysts forecast the global agricultural threshers market to grow at a CAGR close to 3% during the forecast period, according to their latest market research report.
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Technavio analysts forecast the global agricultural threshers market to grow at a CAGR close to 3% by 2022. (Graphic: Business Wire)
The growing focus on agricultural mechanization is one of the major trends being witnessed in the . The productivity and quality of grain crops have a direct relationship with the proper utilization of agricultural implements such as agricultural threshers. Agricultural mechanization helps improve the timeliness of operations and production compared with manual operations.
According to Technavio analysts, one of the key factors contributing to the growth of the global agricultural threshers market is the government support in various countries to increase grain yield:
Global agricultural threshers market: Rising focus on reducing labor cost for post-harvesting
Manual threshing of the crop is highly labor intensive, and the overall expenditure for threshing can increase with the rise in labor costs. The increase in the wages of agricultural labors in many developing economies also increases the demand for agricultural implements such as threshers. For instance, in March 2017, the minimum wages of agricultural labors increased by around 40% in Telangana state, India, compared with the minimum wages in 2016. Such an increase in labor wages may decrease the overall profitability of farmers. So, farmers in such region can overcome the issues associated with an increase in labor wages by reducing the labor force.
According to a senior analyst at Technavio, “Agricultural threshers are available with a pedal or motor operated version. The portability of this equipment serves as a feasible option for the farmers to increase the quality of threshing, reduce crop loss, and save time. It also helps farmers avoid the dependence on labors for threshing manually.”
Global agricultural threshers market: Segmentation analysis
The global agricultural threshers market research report provides market segmentation by product (multi-crop threshers and single crop thresher), by technology (axial flow threshers and pedal-operated threshers), by cylinders, and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The multi-crop threshers segment held the largest market share in 2017, contributing to over 67% of the market. This product segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for more than 44% share. It was followed by the Americas and EMEA respectively. Many countries in APAC have a large number of smallholder farms. The increasing focus on agricultural mechanization in such farms significantly contributed to the region’s largest market share in 2017.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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CONTACT: Technavio Research
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES
SOURCE: Technavio Research
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PUB: 11/12/2018 10:00 AM/DISC: 11/12/2018 10:01 AM