Global and China Haying and Forage Machinery Market Insights, Forecast to 2027

Haying and forage machinery is utilized in order to cater to the rising demand for plant-based feed for animals. Growing demand for automation in farming sector across the globe is likely to boost the haying and forage machinery market during forecast period. The agriculture industry largely depends on the equipment to enhance forage quality, output, cost-effectiveness, and processes such as the rate of drying. This equipment market comprises a variety of machines such as conditioner-mowers, sickle bar mowers, and others which are gaining popularity among farmers owing to their advantages. The haying and forage machinery market is anticipated to expand during the forecast period government subsidies for purchasing agriculture machinery, increasing cultivation of crops, labor shortage in developed region, increased consumption of silage and haylage by the livestock industry, and increasing demand for precision farming technologies. However, high cost of machinery and a lack of adoption of machinery are likely to hinder the haying and forage machinery market during the forecast period.
The introduction of stringent government initiatives is one of the key drivers that will lead to the growth of this market over the years. The governments of different countries provide subsidies on agricultural machinery to help farmers purchase forage harvesters and haying machines. Furthermore, the governments give credit facility to farmers from banking and non-banking financial corporations.

Market Analysis and Insights: Global and China Haying and Forage Machinery Market
This report focuses on global and China Haying and Forage Machinery market.
In 2020, the global Haying and Forage Machinery market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027. In China the Haying and Forage Machinery market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Haying and Forage Machinery Scope and Market Size
Haying and Forage Machinery market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Haying and Forage Machinery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Haying and Forage Machinery market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Mowers
Conditioners
Tedders
Balers
Others

Segment by Application
OEMs
Aftermarket

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
AGCO
CLAAS
CNH Industrial
Deere
Pottinger Landtechnik
Buhler Industries
Iseki
Krone
Kubota
KUHN Group
Kverneland
Lely
Vermeer