DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Agricultural Haying and Forage Machinery Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2015 2020)" report to their offering.
Production of hay is a quite difficult process because it involves some external factors for sustainability like climate and the conditioning part of the hay. New machinery that can control the condition can help industry to grab the opportunity to market the haying and forage machinery industry in a better way.
The market size of the haying and forage machinery industry is expected to reach US$10.4 billion by 2020. The global haying and forage industry is growing at CAGR 3.74% in the period 2015-2020. In the global haying and forage machinery, Asia-Pacific holds the lion share and increasing rapidly with the CAGR of 8.8 percent.
The main drivers behind growth in this market are the increasing consumption rate of livestock products on a regular basis, directly a result of increasing affluence and disposable income across the globe. In addition, labor shortage in North America, Europe and other highly urbanized and affluent countries is another driving factor.
High machinery cost, and unavailability of credit options are some of the most important constraints in the developing countries. Due to the increasing cost of raw materials, manufacturers have stopped buying. Reasonable prices could increase the sales of foraying machines mainly in developing countries in the Asia-Pacific & Africa.
Key Topics Covered:
1. Introduction
2. Key Findings of the Study
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- AGCO
- Alois Pöttinger
- CLAAS
- CNH Industrial
- Deere and Company
- Kubota
- Buhler Industries
- Foton Lovol
- IHI
- Krone
- KUHN Group
- Kverneland Group
- Lely
-
Vermeer
For more information visit http://www.researchandmarkets.com/research/hx7j8h/global
