Market Size of China Haying & Forage Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.08 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Haying & Forage Machinery Market Analysis
China Haying and Forage Machinery Market is projected to grow at a CAGR of 7.08% over the forecast period (2020-2025).
- China is one of the largest markets for haying and forage machinery. The huge demand for production, with increased reliance on irrigation and agro-inputs, has necessitated the adoption of farm mechanization in the agricultural fields.
- In northern China, high horsepower machinery is used on a large scale, as the farm sizes are generally large, unlike in southern China, where farm sizes are quite small. Large farm forage machinery is expensive, so many farmers outsource their haying work to third-party contractors, who value the performance and profitability of their investment.
