Report forecast the global haying and forage machinery
market to grow at a CAGR of 5.1% during the period 2016-2020.
Hay is grass or legumes that have been cut, dried, stored,
and transformed into bales for feeding livestock. It is used as animal fodder
animals are not able to graze due to unsuitable weather, like drought, or when
animals are kept in stables or barns. Haying machinery is used to cut the
crops, which are then stored in the form of bales or silage. Forage is plant material
that livestock graze on. Forage machinery is widely used for harvesting forage
grains. The global haying and forage machinery market constitutes a small part
of the global agricultural machinery market.
The report covers the present scenario and the growth
prospects of the global haying and forage machinery market for 2016-2020. To
calculate the market size, we considered the unit shipments of haying and
forage machinery globally.
The market is divided into the following segments based
on geography:
- APAC
- Europe
- North America
- ROW
According to the report, a key growth driver is the rising
demand for high-capacity machinery. Mechanization of farming practices and farm
consolidation in emerging economies are increasing the demand for high-capacity
haying machinery. High-capacity machinery provides high-quality output with
increasing ownership cost, and it has low maintenance. Pull-type forage
harvesters are high-capacity machines that provide better sharpening and
cutting ability in the terrain. The machine includes a header and cylindrical
cutter with a rotating knife. One of the pull-type forage harvesters is Case IH
FHX300 with 1,000 rpm driveline, wide header, and heavy-duty components.
Further, the report states that one challenge that could
hamper market growth is volatility in raw material prices. The cost of haying
and forage machinery includes the cost of raw materials like steel, rubber, and
iron. The costs of these raw materials are subject to fluctuations, which poses
a threat to the profit margin of vendors.
Global Haying and Forage Machinery Market 2016-2020,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the global haying and forage machinery
market: AGCO Corp., CLAAS, CNH Industrial, Deere & Co., and Pottinger.
Other Prominent Vendors in the market are: Buhler
Industries, Iseki, Krone, Kubota, KUHN Group, Kverneland, Lely, Same Deutz-Fahr
Deutschland, and Vermeer.
Market driver
- Increasing demand for high-capacity machinery
- For a full, detailed list, view our report
Market challenge
- Volatility in raw material prices
- For a full, detailed list, view our report
Market trend
- Incorporation of precision farming technologies
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 67 pages and 38 Exhibit “Global
Haying and Forage Machinery Market 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by product, Geographical segmentation, Key
leading countries, Market drivers, Impact of drivers, Market challenges, Impact
of drivers and challenges, Market trends, Vendor landscape, Key vendor
analysis, Appendix.
For
more information Visit at: http://mrr.cm/Ju4
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