Market Size of Europe Haying & Forage Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Haying & Forage Machinery Market Analysis
The European haying and forage machinery market is projected to grow at a CAGR of 3.5% during the forecast period (2020 - 2025). Farm mechanization saves time, cuts down crop production costs, in the long run, reduces post-harvest losses, and boosts crop output and farm income. The importance of mechanization in increasing farm productivity coupled with increasing support from the government in terms of favorable policies and assured farm income has led to the bright future of the industry. Rising demand for livestock population and an increase in the concern of animal feed are the factors that drive the market in the region. Germany Dominates the market in the region owing to the labour scarcity in agriculture coupled with increased production of forage crops. Some of the leading players in the market are KUHN SAS, PÖTTINGER Landtechnik GmbH, Kubota (U.K.) Limited, KRONE UK Ltd., and AGCO GmbH.
