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The global baler market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Baler refers to a mechanical equipment used for cutting and compressing raked crops, such as hay, cotton, flax straw and silage, into small square, sphere or rectangle-shaped bales. These bales are convenient to handle, transport and store. The equipment is commonly available in the chain- and belt-based variants. Chain balers use connecting bars, chains and rollers at the bottom of the chamber to spin the material, and the belt balers consist of a series of rollers and belts to spin the material. They are usually manufactured using sheet steel and consists of various components, such as hydraulic cylinders, pumps, tires, wheels and belts. They also aid in maintaining the nutritional content of the bundled crops and can be used to produce bale from plastic, paper, fiberboard, can and foil waste.
Significant growth in the agriculture industry, along with increasing automation of the agricultural infrastructure, is one of the key factors creating a positive outlook for the market. Farmers are widely using balers to utilize crop residue and increasing the productivity of the soil. Additionally, the development of metal recycling balers is acting as another major growth-inducing factor. They are highly cost-effective and aid in minimizing the energy consumption and dependency on mining of the metal. In line with this, the development of innovative equipment with improved mechanized capabilities is also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting sustainable agricultural practices, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global baler market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product, distribution channel, application and end user.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGCO Corporation, American Baler Company (Avis Industrial Corporation), CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, IHI Corporation, International Baler, Kubota Corporation, Kuhn SAS and Vermeer Corporation.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Distribution Channel, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AGCO Corporation, American Baler Company (Avis Industrial Corporation), CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, IHI Corporation, International Baler, Kubota Corporation, Kuhn SAS and Vermeer Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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