The Haying Machines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Haying Machines Global Market Report 2024, 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.
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.
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The haying machines market covered in this report 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
Major Players:
- AGCO Corporation
- Buhler Industries Inc.
- Kuhn Group
- Kubota Corporation
- Deere & Company
The haying machines market report table of contents includes:
1. Executive Summary
2. Haying Machines Market Characteristics
3. Haying Machines Market Trends And Strategies
4. Haying Machines Market – Macro Economic Scenario
5. Global Community Food Services Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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