Haying Machinery Market in the US 2015-2019
About Haying Machinery
Haying machinery is used to produce plant-based feed for animals. With a worldwide rise in farming mechanization and a growing livestock industry, the agricultural industry in the US is relying on equipment to enhance forage quality, output, cost-effectiveness, and time efficiency.
Technavio's analysts forecast the haying machinery market in the US to grow at a CAGR of 3.83% during the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the haying machinery market in the US for the period 2015-2019. To calculate the market size, the report considers the unit shipments of balers, forage harvesters, and others.
Technavio's report, Haying Machinery Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focusses on the US; it also covers the haying machinery market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Haying Machinery Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the haying machinery market in the US 2015-2019: AGCO, Alois Pöttinger, CNH Industrial and Deere and Company
Other Prominent Vendors in the market are: CLAAS, Krone, Kubota, KUHN Group, Kverneland Group, Lely and Vermeer
Commenting on the report, an analyst from Technavio’s team said: “The demand for superior capacity machines in the US is high. The end-users of hay and foraging equipment are expecting higher quality field output and are paying increased attention to the cost of ownership. Manufacturers have responded by producing larger and faster equipment that requires low maintenance. The power and size of the new machinery have amplified the efficiency of haying and forage equipment.”
According to the report, dairy producers have increased their milk production volumes. The prices of milk improved in 2014, allowing for better profit margins for producers, driving the demand for quality hay for feed. The resulting rise in demand for hay and forage has compelled equipment vendors to introduce new products for farming productivity, increasing the production of haying equipment.
Further, the report states that the demand for red meat significantly affects the hay and its equipment market.
AGCO, Alois Pöttinger, CNH Industrial and Deere, Company, CLAAS, Krone, Kubota, KUHN Group, Kverneland Group, Lely, Vermeer