Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Haying and Forage Machinery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Haying and Forage Machinery. This report contains market size and forecasts of Haying and Forage Machinery in global, including the following market information:
Global Haying and Forage Machinery Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Haying and Forage Machinery Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Haying and Forage Machinery companies in 2022 (%)
The global Haying and Forage Machinery market was valued at US$ 8738.1 million in 2022 and is projected to reach US$ 10510 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Haying and Forage Machinery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Haying and Forage Machinery Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Haying and Forage Machinery Market Segment Percentages, by Type, 2022 (%)
Mowers
Conditioners
Tedders
Balers
Others
Global Haying and Forage Machinery Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Haying and Forage Machinery Market Segment Percentages, by Application, 2022 (%)
OEMs
Aftermarket
Global Haying and Forage Machinery Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Haying and Forage Machinery Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Haying and Forage Machinery revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Haying and Forage Machinery revenues share in global market, 2022 (%)
Key companies Haying and Forage Machinery sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Haying and Forage Machinery sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AGCO
CLAAS
CNH Industrial
Deere
Pottinger Landtechnik
Buhler Industries
Iseki
Krone
Kubota
KUHN Group
Kverneland
Lely
Vermeer
Outline of Major Chapters:
Chapter 1: Introduces the definition of Haying and Forage Machinery, market overview.
Chapter 2: Global Haying and Forage Machinery market size in revenue and volume.
Chapter 3: Detailed analysis of Haying and Forage Machinery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Haying and Forage Machinery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Haying and Forage Machinery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
