Asia Pacific Harvester Thresher Market By Product (Type I, Type II And Type III), By Applications (Application 1, Application 2 And Application 3)
PR-Inside.com: 2017-12-07 11:01:19
Asia Pacific Harvester Thresher Market was worth USD XX.XX billion in 2017 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2022. A thresher is a specialized piece of farm equipment that serves the purpose of threshing grain. It achieves this by removing the seeds from stalk and separating them from the husks.
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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 labour. It was after the 19th 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.
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The Asia Pacific Harvester Thresher market is broadly classified on the basis Product into Type I, Type II and Type III and based on Applications into Application 1, Application 2 and Application 3. Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan and Australia. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.
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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.
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