MRO Magazine

Research and Markets: Global Haying and Forage Machinery Market 2015-2019 – Incorporation of Precision Farming Technologies


May 15, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/stz5mz/global_haying_and) has announced the addition of the “Global Haying and Forage Machinery Market 2015-2019” report to their offering.

The report, Global Haying and Forage Machinery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, the Americas, APAC, and ROW; it also covers the global haying and forage machinery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The report covers the present scenario and the growth prospects of the global haying and forage machinery market for the period 2015-2019. To calculate the market size, the report considers unit shipments of balers, forage harvesters, and others.

Rising input costs, higher competition, and limitations on land use have prompted efforts to boost field productivity. Market players are working towards integrating advanced electronics such as GPS, yield monitoring, autopilot technology, and fleet management into haying and forage machinery. These technologies help improve efficiency and aid control and management functions. Safety and fertilizing regulations, as well as demand for custom harvesters, are further driving development in precision farming. These factors will enable greater adaptability of these machines and help improve farm sustainability.

According to the report, the disposable incomes of people in developing countries are increasing, which has led to a surge in consumption of these products. The resulting rise in demand for hay and forage has compelled equipment vendors to introduce new products for farming productivity. The graph below shows a comparison between the current and projected global consumption of meat.

Further, the report states that financial constraints will remain a challenge in the market for years to come.

Key Vendors

  • AGCO
  • Alois Pöttinger
  • CLAAS
  • CNH Industrial
  • Deere and Company
  • Kubota

Other Prominent Vendors

  • Buhler Industries
  • Foton Lovol
  • IHI
  • Krone
  • KUHN Group
  • Kverneland Group
  • Lely
  • Vermeer

For more information visit http://www.researchandmarkets.com/research/stz5mz/global_haying_and

Research and Markets
Laura Wood, Senior Manager
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