Rotary Rakes Market Size by Product, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Rotary Rakes Market was valued at US$ 157.30 Bn in 2022 and is expected to reach US$ 216.81 Mn by 2029, at a CAGR of 4.69% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Based on the product type, the multi-rotor rotary rakes segment is expected to hold the largest share in the market owing to its features such as the high rate of work, high flexibility, reduce maintenance cost, ease of operation, and excellent quality of work.
Rising demand for forages is estimated to boost the rotary rakes market, as rotary rakes have a significant influence on the quality of the forage. The growing production of dairy farming is also fuelling the market growth in positive growth. Various countries are planning for rising production capabilities of dairy farming, which is a growing demand for rotary rakes. In addition, various government bodies are concentrating on increasing the domestic production of hay, as well as providing funds to farmers. The rising economies, growing demand for high-quality forages, increasing technological advancements, and the rising requirement for rotary rake for reducing the loss of crops are some other driving factors of the market.
In terms of region, Europe is expected to hold the largest share in the market during the forecast period owing to the growing demand for agricultural machinery from domestic as well as international dealers in this region. The growing need for haying machinery to improve productivity and easy process of chores are dominating the market of rotary rakes in agricultural fields. Asia Pacific is expected to generate the highest CAGR during the forecast period due economy is growing in developing countries of this region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The key market players studied, analyzed, profiled, and benchmarked in Rotary Rakes Market are AGCO, CNH Industrial, Deere & Company, KUBOTA, KUHN, Kubota, Abimac Srl, Acma srl, Agrimerin Agricultural Machinery, Agrozenit Farm Equipment, Pequea, Kverneland, Sulky, BAUER, Lemken, Hebei Wotian, Xinjiang Machinery, and POTTINGER.
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| Global Rotary Rakes Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 157.30 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 4.69% | Market Size in 2029: | US $ 216.81 Bn. |
| Segments Covered: | by Product | • Multi-Rotor Rotary Rakes • Single Rotor Rotary Rakes |
|
Rotary Rakes Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Rotary Rakes Market, Key Players are:
• AGCO
• CNH Industrial
• Deere & Company
• KUBOTA
• KUHN
• POTTINGER
• Pequea
• Kverneland
• Sulky
• BAUER
• Lemken
• Hebei Wotian
• Xinjiang Machinery
• Abimac Srl
• Acma srl
• Agrimerin Agricultural Machinery
• Agrozenit Farm Equipment
Frequently Asked Questions:
1. Which region has the largest share in Global Rotary Rakes Market?
Ans: Europe region held the highest share in 2022.
2. What is the growth rate of Global Rotary Rakes Market?
Ans: The Global Rotary Rakes Market is growing at a CAGR of 4.69% during forecasting period 2023-2029.
3. What is scope of the Global Rotary Rakes Market report?
Ans: Global Rotary Rakes Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Rotary Rakes Market?
Ans: The important key players in the Global Rotary Rakes Market are – AGCO, CNH Industrial, Deere & Company, KUBOTA, KUHN, POTTINGER, Pequea, Kverneland, Sulky, BAUER, Lemken, Hebei Wotian, Xinjiang Machinery, Abimac Srl, Acma srl, Agrimerin Agricultural Machinery, Agrozenit Farm Equipment.
5. What is the study period of this Market?
Ans: The Global Rotary Rakes Market is studied from 2022 to 2029.