Global Baler Market, By Product (Round Balers, Square Balers), Application (Hay Compressing, Straw Compressing, Cotton Compressing, Others), End Use (Individual, Commercial), Distribution Channel (Online, Offline), Industry (Agriculture, Livestock Industry, Others), Size (Bound with Twine, Strapping, Netting, Wire), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Baler Market
Baler market is expected to grow at a rate of 9.40% in the forecast period 2021 to 2028. Increasing preference for stationery wire tying balers have been identified as primary factors for the growth of the baler market in the forecast period of 2021- 2028.
Farmers who used to collect cut hay and compact it into compressed form, manageable parcels for efficient transport, usually use balers in their fields. Small square balers could harvest a bale hay weighs between 18 to 32 kg whereas, large bales could produce 454 Kgs of bales. Therefore, large balers must be moved with the help of tractors.
Increasing awareness among the farmers regarding the benefits of the product, growing adoption of livestock farming across the globe, increasing levels of disposable income of the people, rapid urbanization along with changes in lifestyle and dietary habits of the consumers, surging levels of investment by the government and original equipment manufacturers in developing economies for advanced mechanization in agriculture sector are some of the major as well as vital factors which will likely to augment the growth of the baler market in the projected timeframe of 2021-2028. On the other hand, integration of innovative technologies in farming, increase in demand from industrial sector along with entry of retailers and product suppliers catering to high sales volume demand from the farmers which will further contribute by generating massive opportunities that will lead to the growth of the baler market in the above mentioned projected timeframe.
High cost of maintenance of the products along with rising initial cost which will likely to act as market restraints factor for the growth of the baler in the projected timeframe mentioned above. Lack of technical knowledge which will become the biggest and foremost challenge for the growth of the market.
This baler market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on baler market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Baler Market Scope and Market Size
Baler market is segmented on the basis of product, application, end use, distribution channel, industry and size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the baler market is segmented into round balers, and square balers. Square balers have been further segmented into small square balers, and large square balers.
- Based on application, the baler market is segmented into hay compressing, straw compressing, cotton compressing, and others.
- Based on the end use, the baler market is segmented into individual, and commercial.
- The baler market is also segmented on the basis of distribution channel. The distribution channel is segmented into online, and offline.
- Based on industry, the baler market is segmented into agriculture, livestock industry, and others.
- On the basis of size, the baler market is segmented into bound with twine, strapping, netting, and wire.
Baler Market Country Level Analysis
Baler market is analyses and market size, volume information is provided by country, product, application, end use, distribution channel, industry, and size as referenced above.
The countries covered in the baler market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the baler market due to the prevalence of large agricultural land area and growing mechanization of agricultural processes, growing livestock farming along with presence of various manufacturers in the region while Europe region will expect to grow in the forecast period of 2021-2028 due to the increasing number of initiatives undertaken by the government to promote machinery usage in agriculture along with large farming sizes and technological advancements in agriculture in the region.
The country section of the baler market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Baler Market Share Analysis
Baler market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to baler market.
The major players covered in the baler report are AGCO Corporation.; CLAAS KGaA mbH; CNH INDUSTRIAL N.V.; Deere & Company.; IHI Corporation; KUHN SAS; KUBOTA Corporation.; Maschinenfabrik Bernard KRONE GmbH & Co. KG; Mahindra Tractors; SDF S.p.A.; American Baler Company.; International Baler; McHale.; Takakita Co., Ltd.; Carlos Mainero & CO SAICFI.; Vermeer Corporation.; CLAAS KGaA mbH; KARTAR Agro Industries Private Limited; Sitrex S.p.A; Minos Agricultural Machinery; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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