Agricultural Haying And Forage Machinery Market is expected to reach USD 10.1 USD Billion by 2030 : Cognitive Market Research

Market Overviews:
Cattle consume forage, which is plant material. Hay is a form of hay that is chopped, dried, stored, and processed into cow feed. It is used to feed livestock. Agricultural haying and forage technology is used to harvest crops that are then stored in bales or silage. Some examples of agricultural haying and forage machinery include balers, disc mowers and mower conditioners, forage harvesters, rakes, tedders, blowers, storage boxes, moisture sensors, and others.

Summary:
The global agricultural haying and forage machinery market is to hit USD 10.1 USD Billion by 2030, with growth at a CAGR of 3.89% within the forecast period of 2023-2030. Currently, government across the globe is emphasizing agriculture investment. This drives market growth. Further technological advancement in agriculture propels boosts the market growth. This demand is high in North America region.

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Market Dynamics
Technological advancement in agriculture majorly propels the growth of the agricultural haying and forage machinery market. The world population is increasing day by day and so is the demand for food too. So, many farmers are inclined towards advanced machinery that can enhance productivity at a faster rate. This raises the demand for agricultural haying and forage machinery. However, the machines' high cost can hamper the market's growth.

Rising government support is expected to drive the agricultural haying and forage machinery market in the projected period. As agriculture is the primary source of the economy of the nations, the government across the globe are emphasizing giving support to the farmers through different initiatives. For example, in 2022, the government of India provided an 80% subsidy on agriculture machinery and equipment to farmers for maintaining the stubble. Similarly, the Sub-Mission on Agricultural Mechanization (SMAM) Scheme, which gives farmers a 50 - 80 percent subsidy on agriculture machinery allows farmers to buy machinery that is otherwise not affordable. This will drive the growth of the market.

Market Segmentation:
Based on the type mowers segment has dominated the market as it does not require much power, so it can be operated with a small tractor also.

Based on the application, the large farm segment dominated the agricultural haying and forage machinery market as large farmers require high manpower and investment to do it manually. The agricultural haying and forage machinery helps in easy agriculture operations.

• Type: Mowers, Balers, Tedders and Rakes, Forage Harvesters
• Application: Large Farm, Small and Medium Farm
• The Major Players Agricultural Haying And Forage Machinery Market are: John Deere, AGCO, Kuhn Group, CNH Industrial, CLAAS, Kubota, Krone, Mahindra Tractor, Yanmar

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News:
• In April 2022, Krone and Hustler Equipment's North American divisions have established a collaboration idea called "From Field to Feed," which aims to provide innovative, high-quality agricultural equipment to livestock producers aiming to increase fodder quality. Krone America will assist with the distribution of Hustler Equipment to farmers as part of the agreement. Hustler Equipment specializes in hay processing and feeding, whereas Krone concentrates on hay and forage harvesting with devices that mow, condition, ted, rake, bale, and cut the hay. From harvesting to feeding, both companies are committed to discovering and providing better and more effective methods of dealing with hay and fodder.

Regional Analysis:
Geographically, the global agricultural haying and forage machinery market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the agricultural haying and forage machinery market owing to the rising agriculture industry, the high adoption rate of technologically advanced products, increasing area under forage crops, and others.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Agricultural Haying and Forage Machinery Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Agricultural Haying and Forage Machinery Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Agricultural Haying and Forage Machinery Market by Type Segmentation Analysis (2018-2030)
• 8.1 Detailed Qualitative Analysis
• 8.2 Global Agricultural Haying and Forage Machinery Revenue and Share (%) by Type (2018-2030)
8.2.1 Mowers
 8.2.1.1 Global Mowers Market Share and Revenue (USD Million) for 2018-2030
8.2.2 Balers
 8.2.2.1 Global Balers Market Share and Revenue (USD Million) for 2018-2030
8.2.3 Tedders and Rakes
 8.2.3.1 Global Tedders and Rakes Market Share and Revenue (USD Million) for 2018-2030
8.2.4 Forage Harvesters
 8.2.4.1 Global Forage Harvesters Market Share and Revenue (USD Million) for 2018-2030
Chapter 9 Global Agricultural Haying and Forage Machinery Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Agricultural Haying and Forage Machinery Market Regional Analysis
Chapter 11 North America Agricultural Haying and Forage Machinery Market Outlook (2018 - 2030)
Chapter 12 Europe Agricultural Haying and Forage Machinery Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Agricultural Haying and Forage Machinery Market Outlook (2018 - 2030)
Chapter 14 Latin America Agricultural Haying and Forage Machinery Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Agricultural Haying and Forage Machinery Market Outlook (2018 - 2030)
Chapter 16 Research Findings

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