Global Haying Machinery Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Based on the type, the mower is expected to hold the largest share in the market due to the increasing usage of the mower to mow hay across the globe. Technological advancements are also boosting the market growth of mowers. The report contains an in-detail list of drivers and key trends, which are influencing the market growth.
Major driving factors of the market are various government bodies taking initiatives and provides subsidies on agricultural machinery to help farmers purchase as well as governments give credit facilities to farmers from banking and non-banking financial corporations. Lack of labor due to the rise in urbanization, increasing demand for food, the rising requirement of growing production, rising demand of haying machinery for precision farming technologies, and rising disposable income of consumers are also fueling the market growth. Increasing demand for automation is expected to propel the market growth during the forecast period.
In terms of region, Europe is expected to hold the largest share in the market during the forecast period owing to the growing demand for agricultural machinery from domestic as well as international dealers in this region. The growing need for haying machinery to improve productivity and easy process of chores are dominating the market of haying in agricultural fields. Asia Pacific is expected to generate the highest CAGR during the forecast period as economies are rising in developing countries of this region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The key market players studied, analyzed, profiled, and benchmarked in Haying Machinery Market are AGCO Corporation, AloisPttingerMaschinenfabrikGes.m.b.H, Bernard Krone Holding GmbH & Co. KG, Buhler Industries, Inc., CLAAS KGaAmbH, CNH Industrial N.V., Deere & Company, Kuhn Group, Kverneland Group, and Vermeer Corporation.
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Global Haying Machinery Market, by Type
Global Haying Machinery Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in the Haying Machinery Market
• AGCO Corporation
• Bernard Krone Holding GmbH & Co. KG
• Buhler Industries, Inc.
• CLAAS KGaAmbH
• CNH Industrial N.V.
• Deere & Company
• Kuhn Group
• Kverneland Group
• Foton Lovol
• Lely and Vermeer
• Vermeer Corporation
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