Global Baler Market is estimated to grow at a substantial CAGR of 6.7% by 2023 as the scope, product types, and its applications are increasing across the globe. A baler frequently called as a “Hay baler” is a part of farm equipment used to compress a cut and raked crop (such as cotton, hay, salt marsh hay, or silage, flax straw) into compressed bales that are easy to store, transport, and handle. The factors that propel the growth of the Baler Market include growing demand from agricultural segment balers have high demand in this segment relatively used in industrial segment. On the other hand, there are factors that may hamper the growth of the market including
Baler Market may be explored by type, applications, and geography. Baler Market may be explored by type as Small Round, Large Round, Small square/rectangular, Large square/rectangular. Baler Market could be explored based on Size as Strapping, Bound with twine, Wire, Netting. Baler Market may be explored by type as end use as Agriculture, and Industrial. Baler Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the Baler Market Size in 2018 and will continue to lead in the forecast period. The factors that boost the growth of these segment include improved acceptance by farmers on separate as well as marketable level.
The key players contributing to the robust growth of the Baler Market comprise Case Construction Equipment, Deere & Company, Kuhn S.A, Caterpillar Inc., Vermeer Corporation, AGCO GmbH, Krone UK Ltd, and Claas KGaA mbH. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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The report segments the market and forecasts its size, by volume and value, on the basis of application (agriculture, forestry, etc.), by products (round baler, square baler, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America). The report covers forecast and analysis for the Baler market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Baler market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Baler market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Baler market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global Baler market.
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Key Applications – Agriculture – Forestry
Key Types – Round Baler – Square Baler
Key Regions – North America – Europe – Asia Pacific – Middle East and Africa – South America
Key Vendors – request free sample to get a complete list of companies
Key Questions Answered in this Report – What will the market size be in 2023? – What are the key factors driving the global Baler market? – What are the challenges to market growth? – Who are the key players in the Baler market? – What are the market opportunities and threats faced by the key players?
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