Category

Agricultural Haying And Forage Machinery Market Size, Share, Opportunities, And Trends By Type (Mowers, Balers, Tedders And Rakes, Forage Harvesters, And Others), And Geography - Forecasts From 2019 To 2024

113 pages
Published on : Jul 2019
Report Code : KSI061612722

Description

Haying and Forage Machinery are used to harvest the crops and forage plants which are then fed to livestock. As there is increasing consumption of livestock products on a regular basis, farmers are growing more forage crops to feed the growing livestock population. This is driving the market for haying and forage machinery. In addition, increasing governments initiative in the form of subsidies to help farmers purchase forage and haying machines is expected to boost the adoption of agricultural haying and forage machinery during the forecast period. How ever, high machinery cost and lack of credit facility to meet the high cost are expected to be the restraining factor for the growth of the market in many developing nations across the globe. By Geography, North America is expected to dominate the market share on account of eary adoption of technology and highly evolved commercial agriculture sector in the region couple with increasing area under forage crops.

DRIVERS

Increasing consumption rate of livestock products

Rising government support to farmers

RESTRAINT

High machinery cost

Small farm size

INDUSTRY UPDATE

Kemper announced in June 2019, that it has established a strategic agreement with Scherer (based in the US) to offer kernel processors (corn crackers) and rolls for various brands of forage harvester.

In October 2017, AGCO Corporation 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

SEGMENTATION

The Agricultural haying and Forage Machinery Market has been analyzed through the following segments:

By Type

Mowers

Balers

Tedders and Rakes

Forage Harvesters

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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