The Global Hay and Forage Rakes Market includes raking machines used for collecting cut grass, hay or other crops after mowing from the ground surface efficiently in farms. Hay and forage rakes are mechanical agricultural equipment that are pulled behind tractors and work by collecting windrowed cut hay or forage crops into rows or with cross-conveying for drying and ease of collection. Raking hay helps expose more of the cut material to air, sunlight and wind flow for faster drying before baling. Common types of hay rakes include wheel rakes, side-delivery rakes and v-rakes. Rising demand for livestock feed production is driving increased adoption of hay and forage rakes globally.
The Global Hay and Forage Rakes Market is estimated to be valued at US$ 2.21 billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Hay and Forage Rakes Market Size are Philips Healthcare, Cerner Corporation, Agfa Healthcare, Fujifilm Holdings Corporation, Allscripts Healthcare Solutions Inc., Sectra, Epic Systems Corporation, General Electric Company, Siemens AG, McKesson Corporation, Wellbeing Software, Merge Healthcare Incorporated, Medinformatix Inc., eRAD, Inc., and RamSoft Inc. Growing consumer demand for dairy and meat products is driving increased hay and forage production globally, fueling demand for efficient raking machines. Key manufacturers are focusing on expansion in emerging markets of Asia Pacific and Latin America through partnerships with local agricultural equipment dealers.
Market drivers
Mechanization of agricultural processes is a major driver for the hay and forage rakes market. Increased average farm sizes and shortage of manual farm labor is prompting growers globally to adopt mechanized hay harvesting equipment like rakes. This ensures timely collection of hay and forage crops even during peak seasons. Adoption of raking machines enables larger volumes of hay and forage to be harvested at a faster pace compared to manual raking methods. As livestock rearing becomes more commercialized globally, demand for quality feeds is growing steadily, benefitting rake manufacturers.
Current geopolitical tensions are impacting the growth of the hay and forage rakes market. The ongoing Russia-Ukraine conflict has disrupted agricultural trade and exports from the Black Sea region, which is a major producer and exporter of grains like wheat and barley that are used as livestock feed. Farmers in Europe and other importing regions now face higher input costs and supply uncertainties due to trade disruptions and sanctions on Russia. This has pushed up feed prices and reduced profit margins for livestock farmers who are major consumers of hay and forage. To overcome this challenge, farmers will need to explore alternative sourcing from other regions and look at innovative harvesting methods using advanced hay and forage rakes to maximize yields from existing land and resources. Government support through subsidies and incentives for mechanization can help boost farm incomes and create demand for agricultural equipment like hay and forage rakes.
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