Press release
Haying Machines Market Report 2024: Strategies And Recent Developments | AGCO Corporation, Buhler Industries Inc., Kuhn Group, Kubota Corporation, Deere & Company
The Business Research Company offers in-depth market insights through Haying Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main machine types of haying machines are mowers, tedders and rakes, balers, and other machine types. Mowers refer to machine for cutting grass. The sales channels are OEMs and aftermarkets. The various applications involved are large farms and small and medium farms.
Major Driver - Growing Livestock Population Boosts Demand For Plant-Based Animal Feed And Haying Machines
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. For instance, in May 2022, according to Canada's National Statistical Organization, 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.
Competitive Landscape:
Major companies operating in the haying machines market include 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.
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Top Trend - Innovative Product Launches Drive Efficiency And Productivity In The Haying Machines Market
The launch of various innovations to increase productivity and efficiency is gaining popularity in the haying machines market. For instance, in August 2022, New Holland Agriculture, a US-based agriculture equipment company, launched the innovative Discbine PLUS Series, which raises their output and enhances their quality to protect priceless feed nutrients. The Discbine PLUS versions include a striking, modern appearance and yellow accents to denote performance suitable for commercial use. These vehicles have an innovative, nimble center-pivot tongue and a typical swivel gearbox hitch that enable secure, quick operation and simple, trouble-free headland turns.
The Table Of Content For The Market Report 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
…..
27. Haying Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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