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Global Agricultural Haying and Forage Machinery Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2017 - 2022)

  • February 2017
  • Mordor Intelligence LLP
Report ID: 3683032

Summary

Table of Contents

The market size of the haying and forage machinery industry is expected to reach USD 10.79 billion by 2022, growing at a CAGR of 3.74% during the forecast period 2016-2022. Haying & forage machinery is used to produce plant-based feed for the livestock industry. The haying & forage machinery industry and livestock industry are interrelated and have grown simultaneously.

The production of hay is a difficult process since it involves some external factors for sustainability like climate and the conditioning of the hay. New machinery that can control the condition can help industry grab the opportunity to market the haying and forage machinery industry in a better way.

Market Dynamics

The main drivers of the growth in this market are the increasing consumption rates of livestock products on a regular basis, a direct result of increasing affluence and disposable income across the globe. In addition, labor shortage in North America, Europe, and other highly urbanized and affluent countries is another driving factor. The high machinery cost and unavailability of credit options are some of the most important constraints in the developing countries. Due to the increasing cost of raw materials, manufacturers have stopped purchasing them. Reasonable prices could increase the sales of foraying machines 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. Epidemic livestock diseases, which are unpredictable and unavoidable, are a major constraint that slows down the sales of the machinery.

Market Segmentation

The market has been segmented based on the product & phase type, application type and by geography.

Segmentation by Product & Phase Type:

Pull type forage harvester

Forage blower

Segmentation by Application Type:

Mowers

Conditioners

Tedders or inverters

Hay rakes

Segmentation by Geography:

North America (US, Canada, Mexico, and Others)

South America ( Brazil, Argentina, and Others

Europe (Germany, Uk, France, Spain, Italy, and Others)

Asia-Pacific ( India, China, Japan, and Others)

Africa and the Middle East ( South Africa and Others)

Manufacturers use high-end foraying machines to manufacture good quality feed to differentiate their products. Some of the key players that lead the industry are mainly targeting the Asia-Pacific and Africa region where industrialization and development of infrastructure are going on. Innovation and marketing of the products are some of the key strategies that firms are adopting to expand their business. Major players are

AGCO Corporation,

Alois Pöttinger Maschinenfabrik GmbH

Buhler Industries, Inc.

CLAAS KGaA mbH, CNH Industrial N.V.

Deere & Company (John Deere), Kubota Corp.,

Kverneland Group,

Kuhn Group
Lely Group

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


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