Market Overview:
The global forage machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forage crops due to their high nutritive value and rising awareness about their benefits among consumers. In addition, the increasing adoption of mechanized farming practices is also propelling the growth of the global forage machinery market. On the basis of type, mowers accounted for a major share of the global forage machinery market in 2017. This can be attributed to their growing popularity among farmers as they are easy-to-use and help in cutting grass quickly and efficiently. Balers are another key type segment of the global forage machinery market, owing to their ability to compress hay into small bales that can easily be transported and stored.
Product Definition:
Forage Machinery is a type of agricultural equipment used for harvesting and processing hay and other forages. The machinery includes mowing machines, balers, rakes, tedders, and choppers.
Mowers:
Mowers are used for cutting grass in residential lawns, sports fields, and golf courses among other applications. The global market is expected to witness significant growth over the forecast period owing to increasing urbanization and growing awareness about maintaining a clean and green environment.
The Forage Machinery industry has been witnessing strong growth over the past few years on account of rising demand from various end-use industries including agriculture & food processing, landscaping services, waste management & recycling industries.
Balers:
The balers are used to bind, compact and store the hay or forage material. It is also known as bale mower or hay raker. The balers can be of two types: single-stage and multi-stage. Single stage bales consists of a frame around which a tarpaulin is placed; this tarpaulin is then rolled over the top of the frame to compress the hay into individual bales.
Application Insights:
The demand for the global forage machinery has witnessed a paradigm shift due to rising awareness among farmers about the benefits of using such equipment. The feed mill application segment accounted for over 35% of the total market revenue in 2017 and is expected to witness significant growth over the forecast period.
Feed mills are widely used across farms as they reduce labor costs and offer ease in handling large volumes of feed material. Furthermore, increasing use of technologically advanced products with enhanced performance is further anticipated to drive demand across all regions during the estimated time frame. Rising awareness among consumers regarding animal nutrition coupled with growing emphasis on improving animal productivity worldwide is projected to propel industry expansion at a CAGR exceeding 5% from 2018 to 2030 globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.6% over the forecast period, owing to increasing demand for technologically advanced and efficient equipment from several major end-users including farms, ranches, feed mills and OEMs.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to rapid development in agriculture across countries such as China and India. Furthermore, favorable government policies are also expected to drive regional product demand over the next eight years.
Latin America is also likely have significant growth opportunities due towards increasing adoption by smallholders across Brazil.
Growth Factors:
- Increasing demand for forage crops from livestock industry
- Growing popularity of silage as a feedstock
- Proliferation of dairy farms and increase in milk production
- Rising awareness about the benefits of forage machinery among farmers
- Technological advancements in forage harvesting and processing equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Forage Machinery Market Research Report
By Type
Mowers, Balers, Forage Harvesters, Rakes, Tedders, Others
By Application
Feed Mill, Farms, Others
By Companies
AGCO, Alois Pöttinger, CLAAs, CNH Industrial, Deere and Company, Kubota, Buhler Industries, Foton Lovol, IHI, Krone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Forage Machinery Market Report Segments:
The global Forage Machinery market is segmented on the basis of:
Types
Mowers, Balers, Forage Harvesters, Rakes, Tedders, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Feed Mill, Farms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AGCO
- Alois Pöttinger
- CLAAs
- CNH Industrial
- Deere and Company
- Kubota
- Buhler Industries
- Foton Lovol
- IHI
- Krone
Highlights of The Forage Machinery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mowers
- Balers
- Forage Harvesters
- Rakes
- Tedders
- Others
- By Application:
- Feed Mill
- Farms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forage Machinery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forage machinery is a category of equipment used to harvest hay, straw, or other forages. The machines may be mounted on tractors or trailers and are designed to cut the forages into small pieces while they are still in the field.
Some of the major players in the forage machinery market are AGCO, Alois PƒÂ¶ttinger, CLAAs, CNH Industrial, Deere and Company, Kubota, Buhler Industries, Foton Lovol, IHI, Krone.
The forage machinery market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forage Machinery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forage Machinery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forage Machinery Market - Supply Chain
4.5. Global Forage Machinery Market Forecast
4.5.1. Forage Machinery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forage Machinery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forage Machinery Market Absolute $ Opportunity
5. Global Forage Machinery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Forage Machinery Market Size and Volume Forecast by Type
5.3.1. Mowers
5.3.2. Balers
5.3.3. Forage Harvesters
5.3.4. Rakes
5.3.5. Tedders
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forage Machinery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Forage Machinery Market Size and Volume Forecast by Application
6.3.1. Feed Mill
6.3.2. Farms
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forage Machinery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Forage Machinery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Forage Machinery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Forage Machinery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Forage Machinery Demand Share Forecast, 2019-2026
9. North America Forage Machinery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Forage Machinery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Forage Machinery Market Size and Volume Forecast by Application
9.4.1. Feed Mill
9.4.2. Farms
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forage Machinery Market Size and Volume Forecast by Type
9.7.1. Mowers
9.7.2. Balers
9.7.3. Forage Harvesters
9.7.4. Rakes
9.7.5. Tedders
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Forage Machinery Demand Share Forecast, 2019-2026
10. Latin America Forage Machinery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Forage Machinery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Forage Machinery Market Size and Volume Forecast by Application
10.4.1. Feed Mill
10.4.2. Farms
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forage Machinery Market Size and Volume Forecast by Type
10.7.1. Mowers
10.7.2. Balers
10.7.3. Forage Harvesters
10.7.4. Rakes
10.7.5. Tedders
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Forage Machinery Demand Share Forecast, 2019-2026
11. Europe Forage Machinery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Forage Machinery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Forage Machinery Market Size and Volume Forecast by Application
11.4.1. Feed Mill
11.4.2. Farms
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forage Machinery Market Size and Volume Forecast by Type
11.7.1. Mowers
11.7.2. Balers
11.7.3. Forage Harvesters
11.7.4. Rakes
11.7.5. Tedders
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o- Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Forage Machinery Demand Share, 2019-2026
12. Asia Pacific Forage Machinery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Forage Machinery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Forage Machinery Market Size and Volume Forecast by Application
12.4.1. Feed Mill
12.4.2. Farms
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forage Machinery Market Size and Volume Forecast by Type
12.7.1. Mowers
12.7.2. Balers
12.7.3. Forage Harvesters
12.7.4. Rakes
12.7.5. Tedders
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Forage Machinery Demand Share, 2019-2026
13. Middle East & Africa Forage Machinery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Forage Machinery Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Forage Machinery Market Size and Volume Forecast by Application
13.4.1. Feed Mill
13.4.2. Farms
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forage Machinery Market Size and Volume Forecast by Type
13.7.1. Mowers
13.7.2. Balers
13.7.3. Forage Harvesters
13.7.4. Rakes
13.7.5. Tedders
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Forage Machinery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Forage Machinery Market: Market Share Analysis
14.2. Forage Machinery Distributors and Customers
14.3. Forage Machinery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AGCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alois Pöttinger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CLAAs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CNH Industrial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Deere and Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kubota
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Buhler Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Foton Lovol
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IHI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Krone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
