Forage Harvester Market
PUBLISHED: 2024 ID: SMRC27440
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Forage Harvester Market

Forage Harvester Market Forecasts to 2030 - Global Analysis By Forage Type (Alfalfa Forage, Corn Forage, Grass Forage, Legumes Forage and Other Forage Types), Discharge Type (Rear-Discharge, Top-Discharge and Side-Discharge), Drive Type and By Geography

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4.4 (98 reviews)
Published: 2024 ID: SMRC27440

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Forage Harvester Market is accounted for $4.34 billion in 2024 and is expected to reach $8.47 billion by 2030 growing at a CAGR of 11.8% during the forecast period. A forage harvester is a specialized agricultural machine designed for cutting and processing forage crops, such as silage, hay, and green feed. These machines are equipped with sharp blades and a chopping mechanism that efficiently cuts the plant material into smaller pieces, making it easier to handle and transport. Forage harvesters can be self-propelled or towed behind tractors, and they often feature adjustable cutting heights to accommodate different crop types and growth stages. 

According to the Food and Agriculture Organization of the United Nations, the global consumption of milk, meat, and eggs is projected to increase by 76% by 2050.

Market Dynamics: 

Driver: 

Increasing demand for animal feed

The rising demand for animal feed, driven by a growing global population and increased livestock production, is significantly enhancing the forage harvester market. As the agricultural sector seeks to maximize productivity and sustainability, innovations in forage harvesting technology are emerging. Modern machines are now equipped with advanced features such as precision cutting, automated adjustments for varying crop conditions, and improved chopping mechanisms to enhance feed quality. These advancements not only increase harvesting efficiency but also reduce waste and operational costs. 

Restraint:

Maintenance and repair expenses

The maintenance and repair expenses for the forage harvester are significantly impacting its operational efficiency and overall profitability. Frequent breakdowns, often due to wear and tear, lead to increased downtime, disrupting the harvesting schedule during crucial periods. High repair costs, whether from parts replacement or specialized labor, strain the budget, making it difficult for operators to invest in other essential equipment or improvements. As maintenance becomes more frequent, it not only raises immediate costs but also signals potential underlying issues that could escalate if not addressed promptly. This vicious cycle not only affects the financial viability of the harvester but also reduces the confidence of operators in its reliability, potentially leading to lost business opportunities.

Opportunity:

Rising focus on sustainable farming

As farmers increasingly seek environmentally friendly methods, manufacturers are integrating advanced technologies to improve efficiency and reduce waste. Modern forage harvesters now feature precision engineering, allowing for more accurate cutting and minimal crop loss, which conserves resources and maximizes yield. Innovations such as GPS-guided systems and data analytics enable farmers to optimize their harvesting operations, reducing fuel consumption and lowering carbon footprints. Additionally, the shift towards sustainable agriculture is also prompting the development of machinery that can operate on diverse terrains and under varying conditions, ensuring that forage harvesters are versatile and adaptable.

Threat:

Labor shortages

Labor shortages are significantly impacting the forage harvester industry, creating challenges in both production and operational efficiency. With fewer skilled workers available, manufacturers struggle to meet the growing demand for forage harvesting equipment, essential for livestock feed and biofuel production. This shortage not only delays the manufacturing process but also affects maintenance and repair services, leading to increased downtime for existing machinery. However, agricultural operations that rely on forage harvesters face difficulties in finding qualified operators, resulting in reduced harvesting capacity and potential crop losses.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the forage harvester industry, disrupting supply chains and altering market dynamics. Initially, lockdowns and restrictions led to factory shutdowns and reduced production capacity, resulting in delays in equipment availability. Farmers faced challenges in sourcing spare parts and machinery, affecting their harvesting operations and overall productivity. Labor shortages due to health concerns and quarantine measures hampered fieldwork, complicating the timely harvesting of forage crops. 

The Corn Forage segment is expected to be the largest during the forecast period

Corn Forage segment is expected to be the largest during the forecast period as it improves efficiency and productivity in harvesting operations. By integrating advanced technology, such as precision sensors and real-time data analytics, the new design aims to optimize cutting, processing, and collection of corn silage. This modernization allows for better adaptability to varying field conditions and crop maturity, ensuring maximum yield and quality of forage. Innovations like improved chopping mechanisms and adjustable processing speeds contribute to reduced fuel consumption and lower operational costs.

The Top-Discharge segment is expected to have the highest CAGR during the forecast period

Top-Discharge segment is expected to have the highest CAGR during the forecast period as it enhances the functionality and efficiency of forage harvesters, which are crucial for agricultural operations involving the collection of forage crops. This innovation focuses on improving the discharge mechanism, allowing for a more effective and uniform distribution of chopped material. By optimizing the discharge height and angle, the Top-Discharge system ensures that the harvested forage is evenly spread, minimizing crop damage and maximizing the utilization of the harvested material. Moreover, the design incorporates advanced materials and engineering techniques that reduce wear and tear, enhancing durability and reducing maintenance costs. 

Region with largest share:

North America region is anticipated to command the largest share of the market over the projected period by uniting manufacturers, agricultural technology companies, and research institutions, stakeholders are fostering innovation in efficiency, sustainability, and productivity. These collaborations enable the sharing of cutting-edge technologies, such as precision agriculture tools and automated systems, which optimize harvesting processes and reduce resource waste. Furthermore, partnerships with local farmers and agribusinesses provide valuable insights into regional needs, ensuring that products are tailored to specific environmental conditions and crop types. This collective approach not only accelerates the development of advanced forage harvesting solutions but also enhances market reach and competitiveness. 

Region with highest CAGR:

Europe region is estimated to witness profitable growth during the extrapolated period by promoting sustainable agricultural practices and improving operational efficiency. Stricter environmental standards encourage manufacturers to innovate and develop machines that reduce emissions and energy consumption. This regulatory framework pushes for the integration of advanced technologies, such as precision agriculture and automation, which not only increase productivity but also minimize the ecological footprint of farming operations. Furthermore, compliance with safety and quality standards ensures that equipment is reliable and safe for operators, fostering trust among consumers. 

Key players in the market

Some of the key players in Forage Harvester market include AGCO Corporation, Alamo Group, Buhler Industries, CNH Industrial N.V, Crown Equipment Corporation, Deere and Company, Kubota Corporation and Kverneland Group.

Key Developments:

In July 2024, AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (""AIP"") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.

In April 2024, Swiss technology group Buhler Industries, in partnership with leading Canadian packaging equipment manufacturer Premier Tech, has announced the launch of the CHRONOS OMP-2090 B, a fully automatic bagging station. The new bagging station was developed for a wide range of powdery and other non-free-flowing products.

Forage Types Covered:
• Alfalfa Forage
• Corn Forage
• Grass Forage
• Legumes Forage
• Other Forage Types 

Discharge Types Covered:
• Rear-Discharge
• Top-Discharge
• Side-Discharge

Drive Types Covered:
• Self-Propelled
• Tractor-Mounted

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
    
2 Preface   
 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Emerging Markets  
 3.7 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Forage Harvester Market, By Forage Type   
 5.1 Introduction  
 5.2 Alfalfa Forage  
 5.3 Corn Forage  
 5.4 Grass Forage  
 5.5 Legumes Forage  
 5.6 Other Forage Types  
    
6 Global Forage Harvester Market, By Discharge Type   
 6.1 Introduction  
 6.2 Rear-Discharge  
 6.3 Top-Discharge  
 6.4 Side-Discharge  
    
7 Global Forage Harvester Market, By Drive Type   
 7.1 Introduction  
 7.2 Self-Propelled  
 7.3 Tractor-Mounted  
    
8 Global Forage Harvester Market, By Geography   
 8.1 Introduction  
 8.2 North America  
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe 
 8.4 Asia Pacific  
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand 
  8.4.6 South Korea 
  8.4.7 Rest of Asia Pacific 
 8.5 South America  
  8.5.1 Argentina 
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America 
 8.6 Middle East & Africa  
  8.6.1 Saudi Arabia 
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa 
  8.6.5 Rest of Middle East & Africa 
    
9 Key Developments   
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers  
 9.3 New Product Launch  
 9.4 Expansions  
 9.5 Other Key Strategies  
    
10 Company Profiling   
 10.1 AGCO Corporation  
 10.2 Alamo Group  
 10.3 Buhler Industries  
 10.4 CNH Industrial N.V  
 10.5 Crown Equipment Corporation  
 10.6 Deere and Company  
 10.7 Kubota Corporation  
 10.8 Kverneland Group  
    
List of Tables    
1 Global Forage Harvester Market Outlook, By Region (2022-2030) ($MN)   
2 Global Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
3 Global Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
4 Global Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
5 Global Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
6 Global Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
7 Global Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
8 Global Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
9 Global Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
10 Global Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
11 Global Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
12 Global Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
13 Global Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
14 Global Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   
15 North America Forage Harvester Market Outlook, By Country (2022-2030) ($MN)   
16 North America Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
17 North America Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
18 North America Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
19 North America Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
20 North America Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
21 North America Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
22 North America Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
23 North America Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
24 North America Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
25 North America Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
26 North America Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
27 North America Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
28 North America Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   
29 Europe Forage Harvester Market Outlook, By Country (2022-2030) ($MN)   
30 Europe Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
31 Europe Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
32 Europe Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
33 Europe Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
34 Europe Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
35 Europe Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
36 Europe Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
37 Europe Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
38 Europe Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
39 Europe Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
40 Europe Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
41 Europe Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
42 Europe Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   
43 Asia Pacific Forage Harvester Market Outlook, By Country (2022-2030) ($MN)   
44 Asia Pacific Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
45 Asia Pacific Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
46 Asia Pacific Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
47 Asia Pacific Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
48 Asia Pacific Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
49 Asia Pacific Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
50 Asia Pacific Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
51 Asia Pacific Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
52 Asia Pacific Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
53 Asia Pacific Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
54 Asia Pacific Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
55 Asia Pacific Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
56 Asia Pacific Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   
57 South America Forage Harvester Market Outlook, By Country (2022-2030) ($MN)   
58 South America Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
59 South America Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
60 South America Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
61 South America Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
62 South America Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
63 South America Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
64 South America Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
65 South America Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
66 South America Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
67 South America Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
68 South America Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
69 South America Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
70 South America Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   
71 Middle East & Africa Forage Harvester Market Outlook, By Country (2022-2030) ($MN)   
72 Middle East & Africa Forage Harvester Market Outlook, By Forage Type (2022-2030) ($MN)   
73 Middle East & Africa Forage Harvester Market Outlook, By Alfalfa Forage (2022-2030) ($MN)   
74 Middle East & Africa Forage Harvester Market Outlook, By Corn Forage (2022-2030) ($MN)   
75 Middle East & Africa Forage Harvester Market Outlook, By Grass Forage (2022-2030) ($MN)   
76 Middle East & Africa Forage Harvester Market Outlook, By Legumes Forage (2022-2030) ($MN)   
77 Middle East & Africa Forage Harvester Market Outlook, By Other Forage Types (2022-2030) ($MN)   
78 Middle East & Africa Forage Harvester Market Outlook, By Discharge Type (2022-2030) ($MN)   
79 Middle East & Africa Forage Harvester Market Outlook, By Rear-Discharge (2022-2030) ($MN)   
80 Middle East & Africa Forage Harvester Market Outlook, By Top-Discharge (2022-2030) ($MN)   
81 Middle East & Africa Forage Harvester Market Outlook, By Side-Discharge (2022-2030) ($MN)   
82 Middle East & Africa Forage Harvester Market Outlook, By Drive Type (2022-2030) ($MN)   
83 Middle East & Africa Forage Harvester Market Outlook, By Self-Propelled (2022-2030) ($MN)   
84 Middle East & Africa Forage Harvester Market Outlook, By Tractor-Mounted (2022-2030) ($MN)   

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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