Agricultural Haying and Forage Machinery Report: Trends, Forecast and Competitive Analysis to 2030

Agricultural Haying and Forage Machinery Trends and Forecast

The future of the global agricultural haying and forage machinery market looks promising with opportunities in the mower, conditioner, baler, and forage harvestor markets. The global agricultural haying and forage machinery market is expected to reach an estimated $11.4 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing automation in the field of agriculture, farmers are utilizing new technologies to boost agricultural yields and satisfy the rising demand for food, along with the food sector is expanding quickly as a result of rising consumer demand and population.

A more than 150-page report is developed to help in your business decisions.

Agricultural Haying and Forage Machinery by Segment

The study includes a forecast for the global agricultural haying and forage machinery by sales channel, machinery type, and region

Agricultural Haying and Forage Machinery Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:

• OEMs
• Aftermarket

Agricultural Haying and Forage Machinery Market by Machinery Type [Shipment Analysis by Value from 2018 to 2030]:

• Mowers
• Conditioners
• Balers
• Forage Harvestors
• Others

Agricultural Haying and Forage Machinery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agricultural Haying and Forage Machinery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural haying and forage machinery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural haying and forage machinery companies profiled in this report include-

• AGCO
• CNH Industrial
• John Deere
• Farm King
• Krone North America
• Kubota
• Kuhn

Agricultural Haying and Forage Machinery Market Insights

Lucintel forecast that aftermarket is expected to witness highest growth over the forecast period because the segment includes sales of spare parts, accessories, and services, and also these products and services are essential for the continued operation of agricultural haying and forage machinery.

Within this market, mowers will remain the largest segment because it doesn't need a lot of power, therefore it may be operated by a smaller tractor, and for cutting grass and forage plants, there are various kinds of lawn mowers available, including rotary, piston, and cylinder models as well as flail and cylinder models.

North America is expected to witness highest growth over the forecast period due to the technological developments that have produced self-propelled balers with unmatched mobility and driving style in the area.

Features of the Global Agricultural Haying and Forage Machinery Market

Market Size Estimates: Agricultural haying and forage machinery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agricultural haying and forage machinery market size by sales channel, machinery type, and region in terms of value ($B).

Regional Analysis: Agricultural haying and forage machinery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sales channel, machinery type, and regions for the agricultural haying and forage machinery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural haying and forage machinery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the agricultural haying and forage machinery market size?

Answer: The global agricultural haying and forage machinery market is expected to reach an estimated $11.4 billion by 2030.

Q.2 What is the growth forecast for agricultural haying and forage machinery market?

Answer: The global agricultural haying and forage machinery market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the agricultural haying and forage machinery market?

Answer: The major drivers for this market are growing automation in the field of agriculture, farmers are utilizing new technologies to boost agricultural yields and satisfy the rising demand for food, along with the food sector is expanding quickly as a result of rising consumer demand and population.

Q4. What are the major segments for agricultural haying and forage machinery market?

Answer: The future of the global agricultural haying and forage machinery market looks promising with opportunities in the mower, conditioner, baler, and forage harvestor markets.

Q5. Who are the key agricultural haying and forage machinery market companies?

Answer: Some of the key agricultural haying and forage machinery companies are as follows:

• AGCO
• CNH Industrial
• John Deere
• Farm King
• Krone North America
• Kubota
• Kuhn

Q6. Which agricultural haying and forage machinery market segment will be the largest in future?

Answer: Lucintel forecast that aftermarket is expected to witness highest growth over the forecast period because the segment includes sales of spare parts, accessories, and services, and also these products and services are essential for the continued operation of agricultural haying and forage machinery.

Q7. In agricultural haying and forage machinery market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to the technological developments that have produced self-propelled balers with unmatched mobility and driving style in the area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agricultural haying and forage machinery market by sales channel (OEMs and aftermarket), machinery type (mowers, conditioners, balers, forage harvestors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?