Global Haying and Forage Machinery Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global haying and forage machinery market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Haying and forage machinery include various devices, such as disc mowers, balers, mower conditioners, forage harvesters, rakes, tedders, blowers, storage boxes, moisture sensors, etc., that turn perishable forage into dry products. They are labor-efficient, economical, and available in numerous capacities and sizes, depending on the requirement of the end-users. Haying and forage machinery also aid in reducing the moisture content while limiting the nutrient losses.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Haying and Forage Machinery Industry Trends and Drivers:
The emerging trend of automation across the agriculture industry is primarily driving the haying and forage machinery market. Additionally, the escalating demand for plant-based feed for animals is further catalyzing the market growth. Besides this, the launch of several favorable policies by government bodies to offer subsidies in the form of crop insurance, direct payments, loans, etc., to support farmers is acting as another significant growth-inducing factor. Moreover, the introduction of high-capacity product variants with new features and innovations that can be easily transported and safely stored, on account of the increasing consumer concerns towards food security, is also augmenting the global market. Apart from this, the inflating popularity of precision farming, which refers to a farming management technique that is based on observing, gauging, and responding to inter- and intra-field variabilities in crops, is anticipated to fuel the haying and forage machinery market over the forecasted period.
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Global Haying and Forage Machinery Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the global haying and forage machinery with the leading players profiled in the report.
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