US Haying & Forage Machinery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Haying & Forage Machinery Market Analysis
The United States' haying and forage machinery market is estimated to register a CAGR of 3.6% during the forecast period. The rise in the latest technology and government support are the prime drivers of the market. The rise in global forage demand is causing the rise in forage cultivation which in turn fueling the growth of the forage machinery market in the USA. Balers and mowers are the most popular forage equipment that is used in the United States.
US Haying & Forage Machinery Market Trends
This section covers the major market trends shaping the US Haying & Forage Machinery Market according to our research experts:
Increase in Forage Cultivation Drives the Market
The demand for animal feed has been increasing due to the rise in animal farming. This is leading to an increase in forage cultivation in the United States, acting as one of the key drivers for haying and forage machinery market. Green chop, Alfa Alfa and corn silage are some of the forage crops cultivated in the United States with a cultivated area of 4.2 million, 16.6 million and 6.1 million respectively in 2018. The forge cultivation is expected to increase further in the coming years boosting the forage machinery sales.
Rising Demand for Balers
The demand for balers has been continuously increasing in the United States. High demand for hay balers has emerged from the feedlot sector in the region. According to the ITC TradeMap database, the United States imported a total of 3,264 units of fodder balers in 2018, which increased from 2,481 units in 2016. Government support to the marginal farmers in the form of subsidies to buy machinery is also one of the reasons for the increase in demand.
US Haying & Forage Machinery Industry Overview
The agricultural haying and forage machinery market is fairly consolidated, with a few companies holding the majority of the shares in the market. In the fast-growing agricultural haying and forage machinery market, companies are not only competing on the basis of product quality or product promotion but are also focused on making other strategic moves, to acquire greater market share and expand their acquired market size.
US Haying & Forage Machinery Market Leaders
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AGCO Corporation
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CLAAS KGaA mbH
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Deere & Company
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Krone North America Inc.
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PÖTTINGER Landtechnik GmbH
*Disclaimer: Major Players sorted in no particular order
US Haying & Forage Machinery Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Mowers
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5.1.2 Balers
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5.1.3 Forage Harvesters
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5.1.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 AGCO Corporation
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6.3.2 PÖTTINGER Landtechnik GmbH
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6.3.3 CLAAS KGaA mbH
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6.3.4 CNH Industrial
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6.3.5 Deere & Company
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6.3.6 Kubota
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6.3.7 Foton Lovol
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6.3.8 IHI
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6.3.9 Krone North America Inc.
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6.3.10 KUHN Group
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6.3.11 Kverneland Group
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6.3.12 Lely
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6.3.13 Vermeer
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
US Haying & Forage Machinery Industry Segmentation
The reports present an in-depth analysis of the United States haying and forage machinery market including market drivers, market size and competitive landscape along with the future outlook. The competitive landscape gives a comprehensive view of market share and the profile of major players. The market is segmented by type into mowers, balers, and forage harvesters.
| Type | |
| Mowers | |
| Balers | |
| Forage Harvesters | |
| Others |
US Haying & Forage Machinery Market Research FAQs
What is the current United States Haying & Forage Machinery Market size?
The United States Haying & Forage Machinery Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in United States Haying & Forage Machinery Market?
AGCO Corporation, CLAAS KGaA mbH, Deere & Company, Krone North America Inc. and PÖTTINGER Landtechnik GmbH are the major companies operating in the United States Haying & Forage Machinery Market.
What years does this United States Haying & Forage Machinery Market cover?
The report covers the United States Haying & Forage Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Haying & Forage Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Haying & Forage Machinery Industry Report
Statistics for the 2024 United States Haying & Forage Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Haying & Forage Machinery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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