Market Trends of China Haying & Forage Machinery Industry
This section covers the major market trends shaping the China Haying & Forage Machinery Market according to our research experts:
Rising Demand For Balers In Livestock Feedlots
High demand for hay balers has emerged from the feedlot sector in the region. According to the ITC Trade, China imported a total of 6,854 units of fodder balers in 2018, which increased from 2,110 units in 2016. The beef industry is an important part of livestock and meat production in China. China ranks third in the world for beef production. With the rapid development of the Chinese economy, beef consumption has grown rapidly, and beef consumption has been increasing with rising per capita gross domestic product. Therefore, there is a growing need for feedlots in the country to fulfill the consumption of growing feed which in turn requires machinery to stack the feed. Thus, driving the overall market of haying and forage machinery in the country.
Increasing Adoption of Precision Farming for Quality Harvest
The need for quality harvest with an increased yield and productivity has led to the evolution of several advanced farming technologies in harvesters, such as increased electronic sensing to monitor harvest load, cloud-based processing for yield, and quality maps, among others. There are various advantages of precision agriculture, such as the reduction in fertilizer use, reduction of pollution, optimization of production, etc. The demand for forage harvesters is growing among farmers due to their low crop waste and high harvest efficiency owing to the adoption of precision farming. Combine harvesters help minimize labor costs and time by integrating three different activities, i.e. harvesting threshing and winnowing in a single process. Technological advances in forage harvesters are further boosting the popularity of agricultural harvesters in the country.
