The Rice Milling Machinery Market size is estimated at USD 230.14 million in 2023, and is expected to reach USD 280 million by 2028, growing at a CAGR of 4% during the forecast period (2023-2028).
The rice milling machinery market is fragmented with a few big players, resulting in competition between small players. Buhler Group, Fowler Westrup, MillTECH Machinery Private Ltd, Savco Sales Pvt. Ltd and Satake Group are some of the prominent players with their distribution and manufacturing facilities worldwide. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market in the country.
Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years. These companies are making strategic partnerships by partnering with domestic companies to expand their distribution network and launch new innovative milling machinery that caters to the needs of the farmers in the respective regions.
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