LONDON–(COMMERCIAL THREAD) – The Global Self-Propelled Forage Harvester Market 2018-2022 is expected to exhibit a CAGR of around 8% during the forecast period, according to the latest market research report of Technavio.
A key factor in the growth of the market is the increasing demand for better quality silage. Self-propelled forage harvesters are agricultural equipment that strongly influences silage quality and profitability. Milk producers are one of the main end users of silage. Demand for reliable quality silage is increasing in major milk producing countries such as the United States and India. Feeding animals with better quality silage helps to increase the productivity and quality of the milk produced.
This market research report on Global Self-Propelled Forage Harvester Market 2018-2022 Also provides an analysis of the most important trends that are expected to impact the market outlook during the forecast period. Technavio ranks an emerging trend as a major factor that has the potential to have a significant impact on the market and contribute to its growth or decline.
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In this report, Technavio highlights the growing preference for Self-Propelled Forage Harvesters with 3D Camera as one of the major emerging trends in the global Self-Propelled Forage Harvester Market:
Global Self-Propelled Forage Harvester Market: Growing Preference For Self-Propelled Forage Harvesters With 3D Camera
Leading manufacturers are focused on providing self-propelled forage harvesters with features that increase equipment operational efficiency and reduce operator workload. For example, Deere & Company offers the 8000 series self-propelled forage harvesters with a 3D camera. The active pill control in the equipment uses a 3D camera to automatically detect the transport of cultures.
“The latest features of self-propelled forage harvesters such as the 3D camera reduce operator fatigue and increase the efficiency of forage production” explains a senior analyst at Technavio for agricultural equipment research.
Global Self-Propelled Forage Harvesters Market: Segmentation Analysis
This market research report segments the global Self-Propelled Forage Harvester market by end user (hydraulic actuators and electronic actuators) and by geographic regions (APAC, EMEA, and Americas).
Manufacturers offering self-propelled forage harvesters in the Americas are focused on expanding their product portfolio to meet the growing demand for agricultural machinery. This increased demand for agricultural machinery is driving sales of self-propelled forage harvesters in the Americas. Manufacturers in the region are also focusing on attending various trade shows to showcase advanced models of self-propelled forage harvesters.
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Market segmentation analysis
Market size and forecast
Five forces analysis
Main leading countries
Positioning of sellers in the market
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