LONDON--(BUSINESS WIRE)--The global self-propelled forage harvesters market 2018-2022 is expected to post a CAGR of around 8% during the forecast period, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the rising demand for silages with increased quality. Self-propelled forage harvesters are farming equipment that strongly influences the quality of silage and profitability. Milk producers are one of the key end-users of silages. The demand for silage with reliable quality is increasing in major milk producing countries such as the US and India. Feeding animals with silages of improved quality help to increase the productivity and quality of milk produced.
This market research report on the global self-propelled forage harvesters market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact 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 key emerging trends in the global self-propelled forage harvesters market:
Global self-propelled forage harvesters market: Growing preference for self-propelled forage harvesters with 3D camera
Key leading manufacturers focus on delivering self-propelled forage harvesters with features that increase the operational efficiency of the equipment and reduces the workload of operators. For instance, Deere & Company offers the 8000 Series self-propelled forage harvesters with a 3D camera. Active Pill control in the equipment uses a 3D camera to automatically detect the transport of crops.
“Latest features in self-propelled forage harvesters such as 3D camera, reduce fatigue in operators and increase the efficiency of the production of forage,” says a senior analyst at Technavio for research on agricultural equipment.
Global self-propelled forage harvesters market: Segmentation analysis
This market research report segments the global self-propelled forage harvesters market by end-user (hydraulic actuators and electronic actuators) and by geographical regions (APAC, EMEA, and the Americas).
Manufacturers offering self-propelled forage harvesters in the Americas are focusing on expanding their product portfolio to meet the growing demand for agricultural machines. This increased the demand for agricultural machines pushes the sales of self-propelled forage harvesters in the Americas. Manufacturers in the region are also focusing on participating in various trade exhibitions to display advanced models of self-propelled forage harvesters.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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