Market Trends of United States Haying & Forage Machinery Industry
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.
