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 global Haying and Forage Machinery market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Haying and Forage Machinery volume and value at global level, regional level and company level. From a global perspective, this report represents overall Haying and Forage Machinery market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Haying and Forage Machinery in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Haying and Forage Machinery manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
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