Market Overview 2024-2032:
The global baler market size reached USD 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 9.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
USD 4.6 Billion |
Market Forecast in 2032
|
USD 9.1 Billion |
Market Growth Rate 2024-2032 |
7.6% |
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global baler market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, distribution channel, application and end user.
Breakup by Product:
- Round Balers
- Square Balers
Breakup by Distribution Channel:
Breakup by Application:
- Agriculture
- Livestock Industry
- Others
Breakup by End User:
- Individual
- Commercial
- Industrial
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global baler market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
- 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
- Vermeer Corporation
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion USD |
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 |
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) |
Key Questions Answered in This Report:
- How has the global baler market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global baler market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global baler market and who are the key players?
- What is the degree of competition in the industry?