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Global Agricultural Haying and Forage Machinery Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)

  • ID : 2974987  |  
  • Published : Feb-2018  |  
  • Region : Global  |  
  • Pages : 109   |  
  • Publisher : Mordor Intelligence

The market size of the global agricultural haying and forage machinery is expected to register a CAGR of 3.74% during the forecast period 2018-2023. Europe is likely to grow at a faster CAGR, due to its increasing orders for agricultural machineries from domestic as well as international. Improvement in productivity and ease of doing chores are the major reasons for the growing popularity of haying and forage machinery in agricultural fields.

Increasing Cultivation of Forage Crops for Livestock Feed

The haying & 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 experiencing increase in the consumption rates of livestock products on a regular basis, thus, driving the farmers to produce more forage crops to meet the growing animal feed demand. Europe is 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.

Market Dynamics

Labor shortage in North America, Europe, and other highly urbanized countries is likely to deploy these machineries during the forecast period to improve their agriculture 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 these machineries or equipment will experience increase in developing countries like China, India, and Brazil as a result of the government subsidies in these countries.

At worst cases like, low commodity prices, is likely to affect farmers from purchasing these machineries. Reasonable prices could increase the sales of haying and forage machinery mainly in developing countries in Asia-Pacific and Africa. Of late, in underdeveloped countries like South Africa, industrial investments are at their peak in order to strengthen the economy as well as the infrastructure.

Key Developments in the Market:

• October 2017: AGCO Corporation has acquired a forage division of Lely Group, New Zealand, a leading manufacturer of equipment like round balers, rakes, loader wagons, tedders, mowers and tillage products.

• October 2017: John Deere unveiled new hay baler range equipment with 2.2 meter (7.2 foot) MegaWide pick-up with optional 2.5 meter (8.2 ft)- widest in the agricultural machinery industry.


Reasons to Purchase this Report:

• Latest technology trends adopted by the manufacturers in the agricultural haying and forage machinery market.

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.

• Study on the machinery type that is expected to dominate the market.

• Study on the regions and countries that are expected to witness fastest growth during the forecast period.

• Identify the latest developments, market shares and strategies employed by the major market players.

• 3 months analyst support, along with the Market Estimate Sheet (in excel).

Report Customization and Benefits:

• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

1.1. Research Methodology

1.2. General Study Assumptions

2. Research Methodology

2.1. Introduction

2.2. Analysis Methodology

2.3. Study Assumptions

2.4. Econometric Forecast Model

3. Executive Summary

4. Market Overview And Technology Trends

4.1. Current Market Scenario

4.2. Technology Trends

4.3. Porter's Five Forces Analysis

4.3.1. Bargaining Power Of The Suppliers

4.3.2. Bargaining Power Of The Consumers

4.3.3. Threat Of New Entrants

4.3.4. Threat Of Substitute Products And Services

4.3.5. Competitive Rivalry Within The Industry

5. Market Dynamics

5.1. Drivers

5.1.1. Government Subsidies for Purchasing Agricultural Machinery

5.1.2. Increasing Cultivation Of Forage Crops, Especially In Europe

5.2. Restraints

5.2.1. Volatility of Commodity Prices

5.3. Opportunities

5.3.1. Integration of Robotic Systems and GPS in Agricultural Machinery

6. Global Agricultural Haying and Forage Market Segmentation, By Type

6.1. Mowers

6.2. Balers

6.3. Tedders & Rakes

6.4. Forage Harvesters

7. Global Agricultural Haying and Forage Machinery Market Segmentation, By Geography

7.1. North America

7.1.1. The United States

7.1.2. Canada

7.1.3. Rest of North America

7.2. Asia-Pacific

7.2.1. China

7.2.2. India

7.2.3. Japan

7.2.4. Rest of Asia-Pacific

7.3. Europe

7.3.1. Germany

7.3.2. The United Kingdom

7.3.3. France

7.3.4. Italy

7.3.5. Rest of Europe

7.4. Rest of the World

7.4.1. Brazil

7.4.2. Argentina

7.4.3. South Africa

7.4.4. Other Countries

8. Competitive Landscape

8.1. Introduction

8.2. Market Share Analysis

9. Company Profiles

9.1. Deere & Company (John Deere)

9.2. CNH Industrial

9.3. AGCO Corporation

9.4. CLAAS

9.5. Mahindra Tractor

9.6. Krone North America Inc.

9.7. Kuhn Group

9.8. Yanmar Company Limited

9.9. Kubota Corporation

10. Future of the Market

11. Disclaimer

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