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Global Rotary Rakes Market 2018-2022 | Rising Demand for Quality Forages to Promote Growth | Technavio

December 5, 2018

LONDON--(BUSINESS WIRE)--Dec 5, 2018--Technavio’s global rotary rakes market research report envisages the market to grow at a CAGR of over 5% during the forecast period.

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Technavio has released a new market research report on the global rotary rakes market for the period 2018-2022. (Graphic: Business Wire)

The growing popularity of rotary rakes with large working widths will be one of the major trends in the during 2018-2022. Raking influences the hay quality, plant regrowth, and irrigation efficiency. A large number of passes of rotary rakes in the field can affect the plant regrowth negatively. Hence, farmers prefer rotary rakes that offer large working widths. This has led to many vendors introducing new models of rotary rakes with improved working widths.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key drivers for the global rotary rakes market is the growing demand for quality forages among dairy farmers:

Global rotary rakes market: Growing demand for quality forages among dairy farmers

Quality forages play a major role in the competitiveness of the dairy industry in several countries. The requirement for forages has increased as many organizations have announced their plans to expand dairy farms. For instance, the Dairy Farming Promotion Organization in Thailand announced its plan to expand the production capacity in June 2017.

According to a senior research analyst at Technavio, “The growing demand for forages is expected to increase the demand for rotary rakes as they have a significant influence on the quality of the forage. Additionally, the governments of some countries are concentrating on increasing the domestic production of hay.”

Global rotary rakes market: Segmentation analysis

This global rotary rakes market analysis report provides market segmentation by product (multi-rotor rotary rakes and single rotor rotary rakes) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the multi-rotor rotary rakes segment held the largest rotary rakes market share in 2017, contributing to over 67% of the market. This product segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for more than 37% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005453/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/05/2018 09:22 AM/DISC: 12/05/2018 09:22 AM

http://www.businesswire.com/news/home/20181205005453/en

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