Transparency Market Research in its new report titled, “Haying and Forage Machinery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the haying and forage machinery market. The TMR report anticipates that the increasing cultivation of crops will drive the haying and forage machinery market during the forecast period i.e, 2018-2026. Additionally, the government subsidies for purchasing agriculture machinery, labor shortage in developed region, increased consumption of silage and haylage by the livestock industry, and increasing demand for precision farming technologies are some of the other factors driving the growth of the haying and forage machinery market, says the report.
The report has split the haying and forage machinery market based on type, sales channel, and region. In terms of haying and machinery type, the market is split into mowers, conditioners, tedders, balers, and others. Mowers are used to mow hay. There are two types of mowers: sickle bar and disc or rotary. The sickle bar mower provides neat and clean forage. It requires low power so smaller tractor can be used to run them. Conditioners perform the function of rolling the forage. There are two types of roll conditioners: include rubber rolls and steel rolls. Conditioners crush the hay stems with pressure and allow the moisture to evaporate more rapidly and consequently, crops dry out at a rapid pace. This machinery consumes less time for its operations and provides clean forage. This in turn, is expected to boost the demand for haying and foraging machinery during the forecast period.
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In terms of sales channel, the haying and forage machinery market is split into OEMs and aftermarket. Among these, the OEMs segment is likely to dominate the market during the forecast period. Presence of major players in the haying and forage machinery market provides advanced and precise machinery and strong presence of service centers, which attracts more consumers. Based on region, the global haying and forage machinery market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global haying and forage machinery market, and the trend is expected to continue during the forecast period, owing to high labor cost and a lack of labor force in the agriculture industry. After North America, Europe is likely to dominate the haying and forage machinery market during forecast period owing to the presence of major forage crop cultivators in the region. Major companies operating in the global haying and forage machinery market are profiled in this report and these include Deere & Company, AGCO Corporation, CNH Industrial, CLAAS KGaA mbH, PÖTTINGER Landtechnik GmbH, Buhler Industries Inc., Krone NA, Inc., and Kverneland AS.
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