Hay is grass or legumes that have been cut, dried, stored, and transformed into bales for feeding livestock. It is used as animal fodder when animals are not able to graze due to unsuitable weather or when they are kept in stables or barns. Haying machinery is used to cut the crops, which are then stored in the form of silage or bales. Forage is plant material that livestock graze on. Forage machinery is widely used for harvesting forage grains. The North American haying and forage machinery market constitutes a dominant part of the global haying and forage machinery market that accounts for a small portion, i.e., 7.78% of the global agricultural machinery market.
Technavio’s analysts forecast the haying and forage machinery market in North America to grow at a CAGR of 5.25% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the haying and forage machinery market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated from the total market sales of haying and forage machinery to agricultural farmers in North America.
The market is divided into the following segments based on geography: - Haying machinery - Forage machinery
Technavio's report, Haying and Forage Machinery Market in North America 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.
Market driver - Advent of high-capacity haying machinery - For a full, detailed list, view our report
Market challenge - Increasing sales of preowned machinery - 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?
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Gross Domestic Product
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