PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509414
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509414
Self-Propelled Forage Harvesters
Global Self-Propelled Forage Harvesters Market to Reach US$2.7 Billion by 2030
The global market for Self-Propelled Forage Harvesters estimated at US$1.7 Billion in the year 2023, is expected to reach US$2.7 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Hydraulic Actuators, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Electronic Actuators segment is estimated at 7.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$452.8 Million While China is Forecast to Grow at 6.7% CAGR
The Self-Propelled Forage Harvesters market in the U.S. is estimated at US$452.8 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$439.5 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.3% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Self-Propelled Forage Harvesters - Key Trends and Drivers
Self-propelled forage harvesters are sophisticated machines specifically engineered for harvesting and processing forage crops such as corn, grass, and sorghum into silage feed for livestock. These harvesters are favored by producers as they provide high-quality feed that enhances the productivity of dairy cattle in terms of milk yield and beef cattle in terms of weight gain. Unlike traditional tractor-towed harvesters, self-propelled forage harvesters function independently, equipped with engines that often deliver more than 1,000 horsepower. This capability allows them to cut, chop, and blow the harvested crop into trailers efficiently. These machines can produce various types of feed, including whole-plant corn silage, earlage, and haylage, making them versatile tools for modern farming. The robust and efficient design of the machines meets the high demands of large-scale agricultural operations, though they are complex and represent a significant financial investment for farmers.
Several factors are driving the growth of the self-propelled forage harvesters market. One primary driver is the increasing cultivation of forage crops to meet the growing demand for high-quality silage feed, essential for the expanding livestock industry. Technological advancements in agricultural machinery, such as the integration of IoT devices, AI, and precision farming techniques, have greatly enhanced the capabilities and efficiency of these harvesters. These technologies allow real-time monitoring and data analysis, optimizing the harvesting process and minimizing waste. Additionally, the global shortage of farm labor and the need for cost-effective agricultural practices are encouraging farmers to invest in automated and efficient harvesting solutions. Government subsidies and support programs in developing regions further promote the adoption of advanced agricultural machinery. However, the high cost and complexity of these machines, coupled with a preference for pre-used or rented equipment in some areas, pose challenges to market growth.
The market is witnessing the increasing use of advanced technologies such as GPS and automated steering systems, which enhance the accuracy and efficiency of harvesting operations, thus leading to precise crop management and improved productivity. There is also a noticeable shift towards sustainable and environmentally friendly practices, driven by innovations aimed at reducing fuel consumption and emissions. The development of smart features like real-time yield monitoring and data analytics helps farmers optimize their harvesting processes, resulting in better crop management and higher yields. Further, the growing awareness and adoption of renewable energy sources, such as using crop residues for biofuel production, are creating new market opportunities. With continuous technological advancements and strong government support, the self-propelled forage harvesters market is expected to experience significant growth in the coming years, revolutionizing agricultural practices and enhancing productivity worldwide.
Select Competitors (Total 51 Featured) -
- AGCO Corporation
- Alois Pottinger Maschinenfabrik Ges.m.b.H.
- Chaany Agro Industries
- CLAAS of America LLC
- CNH Industrial NV
- Deere & Company
- Gomselmash India Pvt Ltd.
- JF Maquinas Agricolas
- Krone NA, Inc.
- Kubota Australia
- Maschinenfabrik Bernard Krone GmbH
- New Holland Agriculture (Italy)
- Rostselmash
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Self-Propelled Forage Harvesters - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Increasing Demand for High-Quality Silage Spurs Growth
- Integration of IoT and AI Expands Addressable Market Opportunity
- Global Shortage of Farm Labor Drives Adoption of Automated Harvesters
- Sustainable Farming Practices Propel Growth
- Precision Farming Technologies Optimize Harvesting
- Growing Livestock Industry Accelerates Demand for Forage Harvesters
- Advanced GPS and Automated Steering Systems Enhance Operational Efficiency
- Shift towards Environmentally Friendly Practices Throws the Spotlight on Sustainable Equipment
- Real-Time Data Analytics Generates Demand for Smart Harvesters
- Development of Multifunctional Harvesters Expands Addressable Market
- Enhanced Safety Features in Modern Harvesters Strengthen Market Appeal
- Expansion of High-Capacity Forage Harvesters Drive Higher Efficiency
- Rising Investments in Agricultural Machinery Accelerate Market Growth
- Integration with Smart Farming Ecosystems Strengthens Business Case for Advanced Harvesters
- Technological Innovations in Chopping Mechanisms Propel Efficiency
- Adoption of Hybrid and Electric Harvesters Spurs Sustainable Practices
- Increasing Importance of Silage Quality in Milk Production Generates Demand
- Development of Compact and Mobile Harvesters for Varied Farm Sizes Propels Growth
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Self-Propelled Forage Harvesters Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Self-Propelled Forage Harvesters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Self-Propelled Forage Harvesters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Hydraulic Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Hydraulic Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Hydraulic Actuators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Electronic Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Electronic Actuators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Electronic Actuators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 11: USA Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 12: USA Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 13: USA 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 15: Canada Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 16: Canada 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- JAPAN
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 17: Japan Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 18: Japan Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 19: Japan 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- CHINA
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 20: China Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 21: China Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 22: China 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- EUROPE
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 23: Europe Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
- TABLE 24: Europe Historic Review for Self-Propelled Forage Harvesters by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 25: Europe 16-Year Perspective for Self-Propelled Forage Harvesters by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- FRANCE
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 29: France Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 30: France Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 31: France 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- GERMANY
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 32: Germany Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 33: Germany Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 34: Germany 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- ITALY
- TABLE 35: Italy Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 36: Italy Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 37: Italy 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- UNITED KINGDOM
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 38: UK Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 39: UK Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 40: UK 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- REST OF EUROPE
- TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 42: Rest of Europe Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 43: Rest of Europe 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- ASIA-PACIFIC
- Self-Propelled Forage Harvesters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 45: Asia-Pacific Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 46: Asia-Pacific 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
- REST OF WORLD
- TABLE 47: Rest of World Recent Past, Current & Future Analysis for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
- TABLE 48: Rest of World Historic Review for Self-Propelled Forage Harvesters by Actuator Type - Hydraulic Actuators and Electronic Actuators Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
- TABLE 49: Rest of World 16-Year Perspective for Self-Propelled Forage Harvesters by Actuator Type - Percentage Breakdown of Value Sales for Hydraulic Actuators and Electronic Actuators for the Years 2014, 2024 & 2030
IV. COMPETITION
