Haying and forage machinery is utilized in order to cater to the rising demand for plant-based feed for animals. Growing demand for automation in farming sector across the globe is likely to boost the haying and forage machinery market during forecast period. The agriculture industry largely depends on the equipment to enhance forage quality, output, cost-effectiveness, and processes such as the rate of drying. This equipment market comprises a variety of machines such as conditioner-mowers, sickle bar mowers, and others which are gaining popularity among farmers owing to their advantages. The haying and forage machinery market is anticipated to expand during the forecast period government subsidies for purchasing agriculture machinery, increasing cultivation of crops, labor shortage in developed region, increased consumption of silage and haylage by the livestock industry, and increasing demand for precision farming technologies. However, high cost of machinery and a lack of adoption of machinery are likely to hinder the haying and forage machinery market during the forecast period.
The introduction of stringent government initiatives is one of the key drivers that will lead to the growth of this market over the years. The governments of different countries provide subsidies on agricultural machinery to help farmers purchase forage harvesters and haying machines. Furthermore, the governments give credit facility to farmers from banking and non-banking financial corporations.
Incorporation of precision farming technologies is one of the key trends gaining popularity in this market. This technology uses machines with automated steering and innovations to increase productivity and profitability. Precision farming helps to sustain the farm and enables greater adaptability of these machines.
The haying and forage machinery market in North America is expected to have a total market share of more than 33% by 2020. Due to high labor costs, there is a lack of labor force in the agricultural sector, which in turn leads to the increased demand for agricultural machinery, including haying and forage machinery.
The Haying and Forage Machinery market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Haying and Forage Machinery.
This report presents the worldwide Haying and Forage Machinery market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
AGCO
CLAAS
CNH Industrial
Deere
Pottinger Landtechnik
Buhler Industries
Iseki
Krone
Kubota
KUHN Group
Kverneland
Lely
Vermeer
Haying and Forage Machinery Breakdown Data by Type
Mowers
Conditioners
Tedders
Balers
Others
Haying and Forage Machinery Breakdown Data by Application
OEMs
Aftermarket
Haying and Forage Machinery Production by Region
United States
Europe
China
Japan
Other Regions
Haying and Forage Machinery Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Haying and Forage Machinery status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Haying and Forage Machinery manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Haying and Forage Machinery :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Haying and Forage Machinery market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Haying and Forage Machinery. Industry analysis & Market Report on Haying and Forage Machinery is a syndicated market report, published as Global Haying and Forage Machinery Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Haying and Forage Machinery market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.