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The size of the global baler market was estimated at USD 5.8 billion in 2019 and is anticipated to increase at a CAGR of 9.9% from 2023 to 2030. Hay is compressed and baled using balers, along with raked and cut crops. The market is being driven by technological developments in the agriculture sector that are intended to increase farm production and meet the rising demand for food. Over the course of the forecast period, the market is also anticipated to be driven by a growth in demand for balers from the Asia Pacific region. Because cattle husbandry is becoming more and more popular all over the world, it is projected that the need for balers would increase. Globally increasing livestock output is a result of rapid urbanisation, rising disposable incomes, and changes in lifestyles and eating habits.
Agricultural balers are essential in maintaining the availability of feed for livestock animals. In a similar way, they make farming easier for farmers by facilitating transportation, keeping hay and straw in storage, and ensuring that there is adequate food for the animals. Farmers who raise cattle are choosing agricultural balers because of the aforementioned advantages.Over the next seven years, it is projected that increasing demand from the Asia-Pacific region would play a significant role in boosting market growth. The expanding government and OEM investments in the development of advanced mechanisation in the agriculture industry in India, Australia, and Southeast Asia are to blame for the rising regional demand. The regional market is also being driven by the expanding requirement for technical advancements in the agricultural sector.
Despite rising baler demand in the industry, market expansion is hampered by expensive purchase and maintenance costs. Due to their high initial prices, especially large balers, farmers in developing nations like India and China sometimes struggle to buy agriculture balers. Some farmers find it challenging to adopt balers due to a lack of technical knowledge on baler maintenance. For instance, silage bales require a well-designed feeder process and take a lot of labour when using round balers. Furthermore, if the hay is too dry, crop straw loosens and makes cleaning the equipment more difficult.
Numerous nations implemented stringent lockdown measures in response to the COVID-19 pandemic outbreak. The COVID-19 pandemic that swept the globe in 2020 caused a modest decline in the market. Production facilities all around China, Europe, and the United States were completely shut down during the first quarter of the year. As a result, the market saw a global decline in sales. Despite the fact that the businesses have begun to operate, the market is anticipated to have reduced sales all year long. However, recent data released by market participants indicates that the market is prepared for a quick rebound and could start expanding steadily in 2021. In terms of revenue, the round balers section had the highest share (55.2%) in 2019. This is explained by the fact that small round bales use less power than square balers. Farmers love round balers because they are simple to use and require little adjusting during operation. Farmers that need to store bales for a longer period of time like round balers because they generate bales that are more resistant to the elements than square bales.
Report Coverage
Global Baler research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Baler report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Baler competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Baler market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Baler market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Baler market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AGCO Corporation; CLAAS KGaA mbH; CNH Industrial N.V.; Deere & Company; IHI Corporation; Kuhn SAS; Kubota Corporation; Maschinenfabrik Bernard Krone GmbH; Mahindra & Mahindra Limited
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Baler market based on the below-mentioned segments:
Global Baler Market, By Product
Round Balers
Square Balers
Global Baler market, Regional Analysis
Agricultural balers are essential in maintaining the availability of feed for livestock animals. In a similar way, they make farming easier for farmers by facilitating transportation, keeping hay and straw in storage, and ensuring that there is adequate food for the animals. Farmers who raise cattle are choosing agricultural balers because of the aforementioned advantages.Over the next seven years, it is projected that increasing demand from the Asia-Pacific region would play a significant role in boosting market growth. The expanding government and OEM investments in the development of advanced mechanisation in the agriculture industry in India, Australia, and Southeast Asia are to blame for the rising regional demand. The regional market is also being driven by the expanding requirement for technical advancements in the agricultural sector.
Despite rising baler demand in the industry, market expansion is hampered by expensive purchase and maintenance costs. Due to their high initial prices, especially large balers, farmers in developing nations like India and China sometimes struggle to buy agriculture balers. Some farmers find it challenging to adopt balers due to a lack of technical knowledge on baler maintenance. For instance, silage bales require a well-designed feeder process and take a lot of labour when using round balers. Furthermore, if the hay is too dry, crop straw loosens and makes cleaning the equipment more difficult.
Numerous nations implemented stringent lockdown measures in response to the COVID-19 pandemic outbreak. The COVID-19 pandemic that swept the globe in 2020 caused a modest decline in the market. Production facilities all around China, Europe, and the United States were completely shut down during the first quarter of the year. As a result, the market saw a global decline in sales. Despite the fact that the businesses have begun to operate, the market is anticipated to have reduced sales all year long. However, recent data released by market participants indicates that the market is prepared for a quick rebound and could start expanding steadily in 2021. In terms of revenue, the round balers section had the highest share (55.2%) in 2019. This is explained by the fact that small round bales use less power than square balers. Farmers love round balers because they are simple to use and require little adjusting during operation. Farmers that need to store bales for a longer period of time like round balers because they generate bales that are more resistant to the elements than square bales.
Report Coverage
Global Baler research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Baler report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Baler competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Baler market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AGCO Corporation; CLAAS KGaA mbH; CNH Industrial N.V.; Deere & Company; IHI Corporation; Kuhn SAS; Kubota Corporation; Maschinenfabrik Bernard Krone GmbH; Mahindra & Mahindra Limited |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Baler Market from 2021 to 2030.
- Market Forecast for Baler Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Baler competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Baler
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Baler market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Baler market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AGCO Corporation; CLAAS KGaA mbH; CNH Industrial N.V.; Deere & Company; IHI Corporation; Kuhn SAS; Kubota Corporation; Maschinenfabrik Bernard Krone GmbH; Mahindra & Mahindra Limited
Primary Target Market
- Market Players of Baler
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Baler market based on the below-mentioned segments:
Global Baler Market, By Product
Round Balers
Square Balers
Global Baler market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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