The Global Market for Haying Machinery is Forecast to Reach US$8.3 Billion by 2020

Growth in Livestock Population Against the Backdrop of Rising Meat Consumption Benefits the Haying Machinery Market, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Haying Machinery market. The global market for Haying Machinery is forecast to reach US$8.3 billion by 2020, driven by the growing livestock population against the backdrop of expanding human population and the resulting need for animal based food.  

Haying machinery is a mechanical device that aids in harvesting and packaging of hay, which is used primarily to feed animals. In line with the trend towards expanding livestock industry and rising adoption of farm mechanization practices across the world, haying machinery is expected to play a pivotal role in improving hay output and quality, besides reducing time and costs. The haying machinery market also stands to gain from the robust consumption of dairy products, which is spurring the demand for quality forage for dairy cattle. Other factors driving growth in the market include growing population, scarcity of farm labor due to migration to urban areas, and credit availability, and subsidies offered by government towards farm mechanization. Rising farm consolidation in developed countries is expected to benefit the demand for larger and high capacity haying machinery.

As the quality of forage forms an important factor for improving the quality of meat and dairy products, farmers are increasingly demanding high quality forage handling equipment. Technology developments will continue to guide growth in the market with manufacturers focusing on developing haying tools that minimize hay damage during harvest. Advanced disc mowers aid operators in faster completion of tasks as compared to sickle or blade mowers. In addition to being highly-durable, disc mowers are relatively easier to make height adjustments, enabling them to leave up to a good 4-inches length for next cutting. The launch of high-quality rakes has significantly minimized the mixing of pebbles and stick in the cut hay, offering high quality cleaner hay. While rotary rakes speed up the drying process by almost a day, the use of tedder accelerates the entire haying process. Another important innovation targeted at increasing efficiency of haying is the development of mechanized balers that bales as well as wraps hay in a single pass. The feed quality of wrapped hay is superior to dry hay, owing to the fermentation process that wrapped hay goes through.

As stated by the new market research report on Haying Machinery, Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market with a CAGR of 6% over the analysis period, led by factors such as improving economies, automation of agricultural practices, rising labor costs, need to meet the spiraling demand for dairy products and meat, and increasing emphasis on improving farm productivity and efficiency.

Key players covered in the report include AGCO Corporation, Alois Pöttinger Maschinenfabrik Ges.m.b.H, Bernard Krone Holding GmbH & Co. KG, Buhler Industries Inc. , CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company (John Deere), Kubota Corp., Kverneland Group, Kuhn Group, Lely Group, and Vermeer Corporation, among others.

The research report titled “Haying Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, growth drivers, and other strategic industry activities of the market participants.  The report provides market estimates and projections for major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, and Rest of Asia-Pacific), The Middle East & Africa, and Latin America (Brazil, and Rest of Latin America).

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