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.

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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.

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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 ecosystemMarket characteristicsMarket segmentation analysis

Market Sizing

Market definitionMarket size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparisonKey leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario

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SOURCE: Technavio Research

Copyright Business Wire 2018.

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

Copyright Business Wire 2018.