Boston, MA -- (SBWIRE) -- 07/19/2016 -- Hay is grass or legumes that have been cut, dried, stored, and transformed into bales for feeding livestock. It is used as animal fodder animals are not able to graze due to unsuitable weather, like drought, or when animals are kept in stables or barns. Haying machinery is used to cut the crops, which are then stored in the form of bales or silage. Forage is plant material that livestock graze on. Forage machinery is widely used for harvesting forage grains. The global haying and forage machinery market constitutes a small part of the global agricultural machinery market.

Technavio's analysts forecast the global haying and forage machinery market to grow at a CAGR of 5.1% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global haying and forage machinery market for 2016-2020. To calculate the market size, we considered the unit shipments of haying and forage machinery globally.

Get More Details on this Report and a Full Table of Contents at Global Haying and Forage Machinery Market 2016-2020

The market is divided into the following segments based on geography:

-APAC
-Europe
-North America
-ROW

Technavio's report, Global Haying and Forage Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-AGCO Corp.
-CLAAS
-CNH Industrial
-Deere & Co.
-Pottinger

Other prominent vendors

-Buhler Industries
-Iseki
-Krone
-Kubota
-KUHN Group
-Kverneland
-Lely
-Same Deutz-Fahr Deutschland
-Vermeer

Market driver

-Increasing demand for high-capacity machinery
-For a full, detailed list, view our report

Market challenge

-Volatility in raw material prices
-For a full, detailed list, view our report

Market trend

-Incorporation of precision farming technologies
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: AGCO Corp., CLAAS, CNH Industrial, Deere & Co., Pottinger, Buhler Industries, Iseki, Krone, Kubota, KUHN Group, Kverneland, Lely, Same Deutz-Fahr Deutschland, Vermeer

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