Market Size of Agricultural Haying and Forage Machinery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 3.80 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Agricultural Haying & Forage Machinery Market Analysis
The agricultural haying and forage machinery market is projected to record a CAGR of 3.80% during the forecast period (2020-2025). The government support to farmers is one of the major factors that is driving the agricultural haying and forage machinery market. Increasing the cultivation of forage crops, especially in North America, acts as one of the major factors behind the growth of the market studied.