HomeBusinessReady To Use Haying and Forage Machinery Market Growth and Forecast 2018-2026
Ready To Use Haying and Forage Machinery Market Growth and Forecast 2018-2026
January 26, 2020
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 haying and forage machinery market can be segmented based on type, sales channel, and region. Based on haying and machinery type, the market can be classified into mowers, conditioners, tedders, balers, and others. Mowers are used to mow hay. There are two types of mowers: sickle bar and disc or rotary. The sickle bar mower provides neat and clean forage. It requires low power so smaller tractor can be used to run them. Conditioners perform the function of rolling the forage. There are two types of roll conditioners: include rubber rolls and steel rolls. Conditioners crush the hay stems with pressure and allow the moisture to evaporate more rapidly and consequently, crops dry out at a rapid pace. This machinery consumes less time for its operations and provides clean forage. This in turn, is anticipated to boost the demand for haying and foraging machinery during the forecast period.
Based on sales channel, the haying and forage machinery market can be divided into OEMs and aftermarket. The OEMs segment is likely to dominate the market during the forecast period. Presence of major players in the haying and forage machinery market provides advanced and precise machinery and strong presence of service centers, which attracts more consumers.
Based on region, the global haying and forage machinery market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global haying and forage machinery market, and the trend is expected to continue during the forecast period, owing to high labor cost and a lack of labor force in the agriculture industry. After North America, Europe is likely to dominate the haying and forage machinery market during forecast period owing to the presence of major forage crop cultivators in the region.
Key players operating in the global haying and forage machinery market include Deere & Company, AGCO Corporation, CNH Industrial, CLAAS KGaA mbH, PÖTTINGER Landtechnik GmbH, Buhler Industries Inc., Krone NA, Inc., and Kverneland AS.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.