Forage Harvester Market Size to Surpass USD 21,179.00 million with a Growing CAGR of 9.20% by 2029, Share, Trends, Growth Strategies and Competitive Analysis

Data Bridge Market Research analyses that the forage harvester market will witness a CAGR of 9.20% for the forecast period of 2022-2029 and is likely to reach at USD 21,179.00 million by the end of the forecast period of 2022-2029.
Forage harvesters are pieces of automated agricultural equipment that are used to harvest or cultivate forage plants in order to alter and create feed and silages that can be fed to livestock. The self-propelled grouping of this agricultural equipment does not require an additional power source; they can be unconnected self-powered equipment.

Since forage crop cultivation is rapidly expanding, the market for forage harvesters is expected to grow. In addition, the growing demand for agricultural machines around the world is expected to drive the market for forage harvesters from 2022 to 2029. The growing demand for high-quality harvests with increased yield and productivity is also fuelling market growth. Furthermore, factors such as farm labour shortages, various government-backed subsidy policies supporting the purchase of farming machinery in developing economies, and technological advancements in agricultural machinery are key determinants fuelling the target market's growth.

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Some of the major players operating in the forage harvester market are CLAAS KGaA GmbH, Rostselmash, Maschinenfabrik Bernard KRONE GmbH & Co. KG, Dep Agro Machineries Private Limited, Ewellix AB, Krone NA, Inc., Deere & Company, CNH Industrial America LLC., Naugra Export, AGCO GmbH, Zoomlion Heavy Industry Science&Technology Co., Ltd., Chaany Agro Industries, Manish Agro Industries, JF MÁQUINAS AGRÍCOLAS, Takakita Co., Ltd., Ritchie Bros. Auctioneers, Gomselmash and Agro Equipment Group s.c., among others.

Forage Harvester Market Country Level Analysis

The forage harvester market is analysed and market size, volume information is provided by country, type and application as referenced above.

The countries covered in the forage harvester market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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