2023 Haying Machines Global Market Report 2032 | Market Demand, Scope, Overview And Top Key Players AGCO Corporation, Buhler Industries Inc., Kuhn Group, Kubota, Deere & Company, CLAAS
As per the Haying Machines market report by The Business Research Company, rising demand for plant-based feed for animals is expected to drive the demand for the haying machines market over the forecast period. In agriculture, dried grasses and other foliage are used as animal feed. Typical hay crops are timothy, alfalfa, and clover. The rising livestock population is likely to generate higher demand for plant-based feed for animals. For instance, in May 2022, according to Canada's National Statistical Organisation, 22.3 million acres of canola were reported by farms in Canada in 2021, an 8.1% increase from the previous census. 92.9 million acres were used for hay and field crops in total in 2021. Increasing the use of grass-fed, grass-finished beef, and other plant based-feed for animals is likely to propel the growth of the haying machines market.
The global haying machines market size will grow from $25.06 billion in 2022 to $27.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global haying machines market size is expected to grow to $37.01 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the Haying Machines market include AGCO Corporation, Buhler Industries Inc., Kuhn Group, Kubota, Deere & Company, CLAAS, CNH Industrial, IHI, Pottinger Landtechnik, and Buhler Industries.
The Haying Machines market is segmented -
• By Machine Type: Mowers, Tedders And Rakes, Balers, Other Machine Types
• By Sales Channel: OEMs, Aftermarket
• By Application: Large Farm, Small and Medium Farm
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Haying Machines market.
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Haying machines is agricultural equipment that cuts the hay and speeds up the drying process. They are used to harvest hay.
The Table Of Content For The Haying Machines Market Include:
1. Executive Summary
2. Haying Machines Market Characteristics
3. Haying Machines Market Trends And Strategies
4. Haying Machines Market - Macro Economic Scenario
5. Haying Machines Market Size And Growth
28. Key Mergers And Acquisitions In The Haying Machines Market
29. Haying Machines Market Future Outlook and Potential Analysis
The "Global Haying Machines Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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