HAY AND FORAGE RAKES MARKET ANALYSIS

Hay and Forage Rakes MarketSize and Trends

The global hay and forage rakes market size was valued at US$ 1.84 billion in 2023 and is expected to reach US$ 2.49 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. The growth in the hay and forage rakes market is attributed to factors such as the increasing demand for high-quality forage, the rising adoption of mechanized farming practices, and technological advancements in hay and forage rakes.

Hay and Forage Rakes Market Trends:

• Increasing adoption of precision agriculture: The trend towards precision agriculture, which involves the use of advanced technology and data analytics to optimize agricultural production, is driving the demand for advanced hay and forage rakes that are compatible with precision farming equipment.

According to U.S. Wheat Associates, in 2021, Applied and Environmental Microbiology (AEM), along with other organizations, conducted a study on the environmental benefits of precision agriculture. The research revealed that farmers who employed precision technology experienced a 4% boost in crop production, a 7% improvement in fertilizer placement efficiency, a 9% decrease in herbicide and pesticide usage, and a 6% reduction in fossil fuel consumption.

• Growing popularity of rotary rakes: The growing popularity of rotary rakes, which offer improved efficiency and performance compared to traditional hay and forage rakes, is driving the demand for these products. Rotary rakes are especially popular in regions with high moisture content in the forage.

According to data from the U.S. Department of Agriculture, the number of rotary rakes sold to American farmers rose by over 15% between 2020 and 2022. Meanwhile, sales of traditional tedder rakes that fluff forages declined by a corresponding amount.

• Focus on ergonomics and ease of use: The trend towards ergonomic and user-friendly designs is driving the demand for hay and forage rakes that are easy to operate and maintain. Manufacturers are incorporating features such as hydraulic controls, adjustable working widths, and user-friendly control panels to improve the ease of use of their products.
• Increasing use of automation and robotics: The increasing use of automation and robotics in agriculture is driving the demand for hay and forage rakes that are compatible with these technologies. This includes the use of sensors and GPS technology to improve precision and accuracy in hay and forage raking operations.

According to International Federation of Robotics (IFR), in 2022, the latest World Robotics report indicates a record-breaking installation of 517,385 new industrial robots in global factories during 2021. This signifies a year-on-year growth rate of 31%, surpassing the pre-pandemic record of robot installations in 2018 by 22%.