The haying machinery market is forecasted to grow by USD 3328.91 mn during 2023-2028, accelerating at a CAGR of 5.91% during the forecast period. The report on the haying machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government initiatives to support mechanization of agricultural operations, growing need to produce high-quality hay and silage, and shortage of farm labor in agriculture sector.
Technavio's haying machinery market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.73%
CAGR
5.91%
Incremental Value
$3328.91mn
By End-user
Large farm
Small and medium farm
By Product
Balers
Mowers
Tedders and rakes
By Geographical Landscape
Europe
North America
APAC
South America
Middle East and Africa
This study identifies the integration of advanced technology in haying machinery as one of the prime reasons driving the haying machinery market growth during the next few years. Also, increasing focus on acquisitions and new product launches by market vendors and vendor focus on using patented systems in haying machinery will lead to sizable demand in the market.
The report on the haying machinery market covers the following areas:
Haying machinery market sizing
Haying machinery market forecast
Haying machinery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading haying machinery market vendors that include AGCO Corp., Argo Tractors SpA, Bull Agro Implements, CLAAS KGaA mBH, CNH Industrial N.V., Deere and Co., IHI Corp., J C Bamford Excavators Ltd., Jadan Enterprises, Kubota Corp., KUHN SAS, Mahindra and Mahindra Ltd., Oxbo International Corp., POTTINGER Landtechnik GmbH, Redlands Ashlyn Motors PLC, Rostselmash, SDF SpA, Sonalika International Tractors Ltd., Takakita Co. Ltd., Vermeer Corp., and Yanmar Holdings Co. Ltd.. Also, the haying machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global haying machinery market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Large farm - Market size and forecast 2023-2028
6.4 Small and medium farm - Market size and forecast 2023-2028
6.5 Market opportunity by End-user
7 Market Segmentation by Product
7.1 Market segments
7.2 Comparison by Product
7.3 Balers - Market size and forecast 2023-2028
7.4 Mowers - Market size and forecast 2023-2028
7.5 Tedders and rakes - Market size and forecast 2023-2028
7.6 Market opportunity by Product
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028