The haying and forage machinery industry and livestock industry are interrelated and have grown simultaneously. The growing livestock population and their feed demand are the primary drivers of the market. As the global market is experiencing an increase in the consumption of livestock products on a regular basis, the farmers are driven to produce more forage crops to meet the growing animal feed demand. Europe, one of the major forage crop cultivators in the world, is likely to see more adoption of haying and forage machinery in their forage crops cultivation during the forecast period.
The labor shortage in North America, Europe, and other highly urbanized countries, will lead to the deployment of such machinery, during the forecast period, to improve their agricultural economy. The high machinery cost and unavailability of credit options are some of the most important constraints in the developing countries. However, during the forecast period, the demand for such machinery or equipment will experience rise in developing countries, like China, India, and Brazil as a result of government subsidies.
The report comprises of key players profiles namely consignment, price, revenue, profit interview records and sources of distribution. It helps clients get a better analysis of their competitors. In addition, it encompasses the regions and countries across the world and depicts the regional outlook, market size, volume, value and price data.
The Agricultural Haying and Forage Machinery market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
In global market, the following companies are covered:
John Deere
AGCO
Kuhn Group
CNH Industrial
CLAAS
Kubota
Krone
Mahindra Tractor
Yanmar
Market Segment by Product Type
Mowers
Balers
Tedders and Rakes
Forage Harvesters
Market Segment by Application
Large Farm
Small and Medium Farm
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Agricultural Haying and Forage Machinery market for the forecast period 2020 - 2025?
• What are the driving forces in the Agricultural Haying and Forage Machinery market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Agricultural Haying and Forage Machinery industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?