Market Share of Agricultural Haying and Forage Machinery Industry
The agricultural haying and forage machinery market is fairly consolidated, with a few companies holding the majority of the shares in the market. In the fast-growing agricultural haying and forage machinery market, companies are not only competing on the basis of product quality or product promotion but are also focused on making other strategic moves, to acquire greater market share and expand their acquired market size. Companies are investing heavily to develop new series, collaborating with, and acquiring, other companies, which is expected to increase their market shares and strengthen their R&D activities. In October 2017, AGCO Corporation acquired a forage division of Lely Group, New Zealand, a leading manufacturer of equipment, like round balers, rakes, loader wagons, tedders, mowers, and tillage products.
Agricultural Haying and Forage Machinery Market Leaders
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AGCO Corporation
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CLAAS
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Deere & Company (John Deere)
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Krone North America Inc.
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Kubota Corporation
*Disclaimer: Major Players sorted in no particular order
