United States Haying and Forage Machinery Market

United States Haying and Forage Machinery Market by Types (Balers, Mowers, and Forage Harvesters) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: CM-3280
  • Author: Growth Market Reports
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  • No. Of Pages: 200
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The United States haying and forage machinery market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rise in global forage demand, which is rising forage cultivation.

United States Haying and Forage Machinery Market

An agricultural equipment that gathers forage crops to create feedstock is known as hay and forage machinery. Feedstock includes grass, maize, and hay that has been cut into small pieces and compacted in a storage silo, silage bunker. Agriculture businesses rely extensively on equipment to increase feed quality, productivity, cost-effectiveness, and operations such as drying rate. Variety of machinery including conditioner mowers and sickle bar mowers are preferred among farmers due to their benefits.

Machines with automated steering and advancements are used to boost production and profitability. Precision farming contributes to the long-term viability of the farm and increases the flexibility of these technologies. A manpower shortage in the agricultural industry due to high labor costs has increased demand for agricultural machinery, such as haying and forage machinery. The COVID-19 outbreak has caused thousands of illnesses in the US, which has been labeled a global health emergency by the World Health Organization. The haying and forage machinery market has been impacted by the pandemic; however, it is expected to recover by end of 2021.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising adoption of precision farming technology is estimated to drive the market growth.
  • Increasing demand for automation in farming industry is anticipated to boost the market expansion during forecast period.
  • Implementation of strict government policies is expected to drive market growth.
  • High cost of machinery and a lack of awareness of machinery can hamper the haying and forage machinery market.
  • Governments is providing credit facility to farmers from banking corporations, which is projected to offer lucrative opportunities in the coming years.
  • Low- and middle-level countries is estimated to offer ample of opportunities due to increasing government support to boost the agricultural economy.

Scope of the Report

The report on the United States haying and forage machinery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

United States Haying and Forage Machinery Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Balers, Mowers, and Forage Harvesters)

Country

The US

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

CLAAS KGaA mbH; Deere & Company; Krone North America Inc.; AGCO Corporation; and PÖTTINGER Landtechnik GmbH

United States Haying and Forage Machinery Market Segment Insight

Balers segment is expected to grow at a rapid pace

Based on types, the market is divided into balers, mowers, and forage harvesters. The balers segment is expected to grow at a rapid pace during the forecast period due to government support to the marginal farmers in the form of subsidies to buy machinery. The feedlot industry in the country has created a high demand for hay balers. According to the ITC Trade Map database, the US imported more than 3,000 units of fodder balers in 2018, up from 2,000 units the previous year.

The forage harvesters segment is anticipated to hold a key share of the market in the coming years due to increasing demand for animal feed. Moreover, the rising animal farming is propelling the segment growth. Furthermore, a rise in forage cultivation in the US is driving the haying and forage machinery industry. Green chop, Alfa Alfa, and corn silage were three fodder crops grown in the US in 2018, with farmed area of 4.2 million, 16.6 million, and 6.1 million acres, respectively.

United States Haying and Forage Machinery Market

Segments

Segments Covered in the Report

The United States haying and forage machinery market has been segmented on the basis of

Types

  • Balers
  • Mowers
  • Forage Harvesters

Country

  • The US

Key Players

  • CLAAS KGaA mbH
  • Deere & Company
  • Krone North America Inc.
  • AGCO Corporation
  • PÖTTINGER Landtechnik GmbH

Competitive Landscape

Key players competing in the United States haying and forage machinery market are CLAAS KGaA mbH; Deere & Company; Krone North America Inc.; AGCO Corporation; and PÖTTINGER Landtechnik GmbH

The market for agricultural haying and forage machinery is fairly concentrated, with a few players controlling the bulk of market share. Companies operating in the rapid growing agricultural haying and forage machines market are focusing on making other strategic actions, such as acquiring more market share and expanding their acquired market size by engaging in partnerships and collaborations.

United States Haying and Forage Machinery Market
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Haying and Forage Machinery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Haying and Forage Machinery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Haying and Forage Machinery Market - Supply Chain
  4.5. Global Haying and Forage Machinery Market Forecast
     4.5.1. Haying and Forage Machinery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Haying and Forage Machinery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Haying and Forage Machinery Market Absolute $ Opportunity
5. Global Haying and Forage Machinery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Haying and Forage Machinery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Haying and Forage Machinery Demand Share Forecast, 2019-2026
6. North America Haying and Forage Machinery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Haying and Forage Machinery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Haying and Forage Machinery Demand Share Forecast, 2019-2026
7. Latin America Haying and Forage Machinery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Haying and Forage Machinery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Haying and Forage Machinery Demand Share Forecast, 2019-2026
8. Europe Haying and Forage Machinery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Haying and Forage Machinery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Haying and Forage Machinery Demand Share Forecast, 2019-2026
9. Asia Pacific Haying and Forage Machinery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Haying and Forage Machinery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Haying and Forage Machinery Demand Share Forecast, 2019-2026
10. Middle East & Africa Haying and Forage Machinery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Haying and Forage Machinery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Haying and Forage Machinery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Haying and Forage Machinery Market: Market Share Analysis
  11.2. Haying and Forage Machinery Distributors and Customers
  11.3. Haying and Forage Machinery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The United States haying and forage machinery market has been segmented on the basis of

Types

  • Balers
  • Mowers
  • Forage Harvesters

Country

  • The US

Key Players

  • CLAAS KGaA mbH
  • Deere & Company
  • Krone North America Inc.
  • AGCO Corporation
  • PÖTTINGER Landtechnik GmbH

Key players competing in the United States haying and forage machinery market are CLAAS KGaA mbH; Deere & Company; Krone North America Inc.; AGCO Corporation; and PÖTTINGER Landtechnik GmbH

The market for agricultural haying and forage machinery is fairly concentrated, with a few players controlling the bulk of market share. Companies operating in the rapid growing agricultural haying and forage machines market are focusing on making other strategic actions, such as acquiring more market share and expanding their acquired market size by engaging in partnerships and collaborations.

United States Haying and Forage Machinery Market
 

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