5 Key Strategies to Succeed in Agricultural Haying and Forage Machinery Market | 2023 – 2033
5 Key Strategies to Succeed in Agricultural Haying and Forage Machinery Market | 2023 – 2033
According to a research report published by Spherical Insights & Consulting, The Global Agricultural Haying and Forage Machinery Market Size Expected to Grow from USD 8.5 Billion in 2023 to USD 11.06 Billion by 2033, at a CAGR of 2.67% during the forecast period 2023-2033.
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Agriculture haying and forage machinery are the equipment employed to cut, dry, and store hay and forage including mowers, conditioners, windrows, harvesters, blenders, and tedders. Hay is chopped and dried before being put away for later use. Hay and forage equipment comes in a variety of forms, such as wind-rowers, rakes, tedders, mowers, and balers. Crops and forage plants are harvested using haying and forage machinery before being fed to cattle. Farmers are cultivating more forage crops to feed the expanding cattle population as a result of the constant increase in the consumption of livestock goods. Furthermore, one of the key factors driving the expansion of the global market is the growing efficiency of the farming industry along with the growing demand for plant-based animal feed. However, the cost factor may affect general use and hinder the market’s growth for hay and feed equipment.
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Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on The Global Agricultural Haying and Forage Machinery Market Size, Share, and COVID-19 Impact Analysis, By Type (Forage Harvesters, Conditioners, Balers, Mowers, and Others), By Application (Small Farms, Medium Farms, and Large Farms), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The mowers segment is anticipated to hold the highest market share through the forecast period.
Based on the type, the global agricultural haying and forage machinery market is divided into forage harvesters, conditioners, balers, mowers, and others. Among these, the mowers segment is anticipated to hold the highest market share through the forecast period. Haying and forage machinery include things like balers, tedders, conditioners, and mowers. Mowers chop crops, conditioners speed up drying, tedders distribute and turn them for even drying, and balers compress them into bales for storage.
The large farms segment is estimated to grow at the fastest CAGR growth through the forecast period.
Based on the application, the global agricultural haying and forage machinery market is divided into large farms, small farms, and medium farms. Among these, the large farms segment is estimated to grow at the fastest CAGR growth through the forecast period. Large farms use agricultural haying and forage machinery to efficiently collect and prepare massive volumes of hay and fodder crops. They are equipped with cutting-edge features like automation, great speed, and massive capacity to efficiently handle the vast land area. Small and medium farms save time and provide convenience by using machinery for smaller-scale operations.
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North America is estimated to hold the highest share of the global agricultural haying and forage machinery market over the predicted timeframe.
North America is accounted to hold the largest share of the global agricultural haying and forage machinery market over the predicted timeframe. The North America market’s demand is responsible for the regional market’s expansion. The nation’s highly developed commercial agricultural industry provides around half of the need. Technological developments have produced self-propelled balers with unmatched mobility and driving capabilities. Many of the top producers of hay and forage equipment in the world are based in the region, which has a long history of mechanical agriculture.
Asia Pacific is estimated to grow at the fastest CAGR growth of the global agricultural haying and forage machinery market during the forecast period. This is because of the growing demand for fodder grains and the industrialization of agricultural processes. Growing livestock production as a secondary or primary source of income and increasing knowledge of animal nutrition are encouraging the populace to purchase hay, which is expected to drive the market for hay-making machinery in Asia.
Major vendors in the Global Agricultural Haying and Forage Machinery Market are AGCO Corporation, CLAAS, CNH Industrial, Deere & Company, Krone North America Inc., Kubota Corporation, Kuhn Group, Yanmar Company Limited, Mahindra Tractor, Vermeer, Claas, Krone, Minos, Abbriata, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In September 2023, Massey Ferguson’s new 1 Series round baler with seamless pickup is designed for dry hay baling, stover, and residue applications. The 1 Series, which comes in two variable-chamber models—the RB.146, which can create round bales up to 4 by 6 feet, and the RB.156, which can create bales up to 5 by 6 feet—is replacing Massey Ferguson’s 2900 Series in North America. The seamless pickup has reduced the horsepower needs for the RB.146 and RB.156 to 80 and 100 horsepower, respectively.
- In February 2022, with the launch of the Massey Ferguson 6S Series tractor in North America, AGCO Corporation (NYSE: AGCO), a world leader in the development, production, and distribution of agricultural equipment and precision ag technologies, is ushering in a new era of concentrated performance. Massey Ferguson will premiere the MF 6S Series and its whole S Series lineup at booth 7823 during the National Farm Machinery Show in Louisville, Kentucky, February 16–19.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural haying and forage machinery market based on the below-mentioned segments:
Global Agricultural Haying and Forage Machinery Market, By Product
- Forage Harvesters
- Conditioners
- Balers
- Mowers
- Others
Global Agricultural Haying and Forage Machinery Market, By Application
- Small Farms
- Medium Farms
- Large Farms
Global Agricultural Haying and Forage Machinery Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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