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Global Haying Machines Market 2024 Growing Trends, Recent Development, Growth Rate And Forecast To 2033| Major Players Are Kimberly-Clark Corporation, The Procter & Gamble Company, Svenska Cellulosa Aktiebolaget SCA, Hengan International Group Company Lim
Haying Machines Market
The Business Research Company's Haying Machines Global Market Report 2024 Growing Livestock Population as the major driver for the Haying Machines Market's growth in the forecast period. Rising demand for plant-based feed for animals is expected to drive 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 a higher demand for plant-based feed for animals.
The haying machines market size has grown strongly in recent years. It will grow from $25.49 billion in 2023 to $27.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to agricultural mechanization, increased farm productivity, labor shortages, environmental concerns.
The haying machines market size is expected to see strong growth in the next few years. It will grow to $36.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to precision agriculture, increasing demand for forage crops, adoption of automation and robotics, climate change impact, market expansion in developing countries. Major trends in the forecast period include technology advancements, increasing mechanization, automation and robotics.
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Major competitors in the haying machines market are AGCO Corporation, Buhler Industries Inc., Kuhn Group, Kubota Corporation, Deere & Company, CLAAS KGaA mbH, CNH Industrial N.V., IHI Corporation, Pottinger Landtechnik GmbH, Iseki & Co. Ltd., Bernard Krone Holding SE & Co. KG, Bernard Krone Holding GmbH & Co. KG, Kverneland Group GmbH, Lely Industries N.V., Vermeer Corporation, LOVOL Heavy Industry Co. Ltd., Alois Pttinger Maschinenfabrik Ges.m.b.H., Alamo Group Inc., Anderson Group Co. Inc., CNH Industrial America LLC, Enorossi S.r.l., Fella-Werke GmbH, Goweil Maschinenbau GmbH, Hesston Corporation, JF-Stoll Ltd., Daedong-USA Inc., Kuhn North America Inc., Massey Ferguson Ltd.
A key trend in the Haying Machines Market includes technological advancement. Major companies operating in the haying machines market are innovating new technologies, such as round balers, to sustain their position in the market. Round balers are agricultural machines used to compress and bundle crops such as hay, straw, or silage into compact, cylindrical shapes known as round bales. For instance, in August 2023, Deere & Company, a US-based agricultural machinery manufacturing company, launched new 1 Series round balers, focusing on integrating advanced technology to enhance the efficiency and productivity of farmers. These balers feature John Deere's innovative Bale Doc technology, allowing real-time monitoring and post-harvest analysis of bale moisture and weight. The new balers come with three pickup options and offer a high-capacity pickup with a dual rotor system for increased throughput. This allows farmers to produce up to 80 more bales per day compared to previous models. Operator fatigue is reduced through automation technology, which handles tasks like gate operation, and an optional net roll lift assist eases the roll-loading process.
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The Haying Machines Market is segmented -
1) By Machine Type: Mowers, Tedders And Rakes, Balers, Other Machine Types
2) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
3) 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.
The Business Research Company's "Global Haying Machines Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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. Global Haying Machines Market Size and Growth
……
31. Global Haying Machines Market Competitive Benchmarking
32. Global Haying Machines Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Haying Machines Market
34. Haying Machines Market Future Outlook and Potential Analysis
35. Appendix
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