A thresher is an agriculture machinery utilized to remove grains from its chaff and stalks. It utilizes the conventional method of beating the husks in order to remove the grain. A typical thresher is utilized to obtain grains of wheat, peas, soybeans, corn, and rice. A thresher is also known as thresher machine.
Increased demand for rapid farming technologies, preference for machine-based farming, and less time consumption are primary factors driving the global thresher market. Conventional methods of separating grains consume considerable time and require more labor. A thresher consumes significantly lower time for separating grains and eliminates the need for number of labor, which in turn saves expenses over labor and helps the farmer to increase production. Therefore, the preference for thresher machines among farmers is increasing due to the rising demand for grains. Increase in population, urbanization, and import and export at the international level is fueling the demand for grains and food, which in turn is propelling the global thresher market.
A key restraint to the global thresher market is its cost. Significant number of farmers across the globe have significantly lower per capita income and hence, they are not capable of buying expensive machinery such as thresher.
The global thresher market can be segmented based on thresher type, number of crops handled, power source, and region. Based on thresher type, the global thresher market can be categorized into seven segments. Spike tooth threshers are simple in construction and hence, being preferred by large number of farmers across the globe. Rapid operation, low power consumption, and low cost of spike tooth thresher are attracting consumers.
In terms of number of crops handled, the global thresher market can be divided into two segments. Multi-grain threshers are capable of handling several crops with just minor changes in it, which eliminates the need of using separate threshers for different crops. Multi-grain threshers reduce the expense of farmers, and hence, their demand is increasing across the globe. Based on power source, the global thresher market can be segregated into three segments. Tractor-powered threshers are capable of operating in diverse conditions and do not require electricity for threshing. Therefore, tractor-powered threshers are significantly popular amongst farmers, especially across Asia Pacific.
In terms of region, the global thresher market can be segmented into five prominent regions. Asia Pacific has a considerably large agriculture sector, which is witnessing an increase in demand for machine-based farming. Increasing per capita income, unavailability of labor due to rapid urbanization, and increasing demand for rapid farming techniques are fueling the demand for threshers across Asia Pacific. North America accounts for a prominent share of the global thresher market. Higher per capita income and preference for individual agriculture machinery by the farmers across North America has led to the large number of threshers across the region.
Key players operating in the global thresher market include Kirloskar Oil Engines Ltd, Mahindra & Mahindra Ltd, Shrachi Agro, Alvan Blanch Development Company Limited, LANCER AGRICO LTD., Deere & Company, and Kovai Classic Industries.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.