The haying machines market consists of sales of haying machines by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing different types of haying machines including sickle bar, disc, and drum. Only goods and services traded between entities or sold to end consumers are included.
Global Haying Machines Market Size And Drivers:
The global haying machines market is expected to grow from $21.34 billion in 2020 to $23.61 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.84 billion in 2025 at a CAGR of 8.6%. Rising demand for plant-based feed for animals is expected to drive the demand for the haying machines market over the forecast period.
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Trends In The Global Haying Machines Market
The launch of various innovations to increase productivity and efficiency is gaining popularity in the haying machines market. For instance, in May 2018, John Deere, a leading agricultural tools and equipment producer, introduced the Bale Mobile app to improve efficiency and provide detailed information to hay and forage producers. The John Deere Bale mobile app will help producers in capturing yield, identifying bale characteristics, and track yield. This new innovative mobile app helps hay producers to remotely view a summary of crop tonnage, average reading of moisture, and several bales using their tablet or laptop. Moreover, in August 2019, John Deere launched two new baler wrapper machines- C451R and C461R Combination Balers in North America to help producers with easy and quickly lock in nutrients for higher quality forage production.
Global Haying Machines Market Segments:
The global haying machines market is further segmented –
By Machine Type: Mowers, Tedders And Rakes, Balers, Others
By Sales Channel: OEMs, Aftermarket
By Application: Large Farms, Small and Medium Farms
By Geography: The global haying machines market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Haying Machines Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides haying machines market overviews, analyzes and forecasts market size and growth for the global haying machines market, haying machines market share, haying machines market players, haying machines market segments and geographies, haying machines market’s leading competitors’ revenues, profiles and market shares. The haying machines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
