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Global Research On Agricultural Balers Market | Top Key Players Include John Deere, Vermeer, Claas, Krone, Minos, Abbriata, Case IH, Massey Ferguson, Kuhn, New Holland, and Foton Lovol

10-18-2018 08:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Global Research On Agricultural Balers Market | Top Key Players

Key players in Global Agricultural Baler Market

Key players operating in the global Agricultural Balers Market include John Deere, Vermeer, Claas, Krone, Minos, Abbriata, Case IH, Massey Ferguson, Kuhn, New Holland, and Foton Lovol.
Key market players are launching new types of agricultural baler machinery in order to meet rising demand from farmers and companies. For instance, New Holland Agriculture launched Roll Baler 125 in China in 2017, and it received the technological innovation award in China. This machinery reduces the loss of hay while making bale and provides perfect grip. Also, it can easily handle heavy grass, dense hay or large dry brittle straw.

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Market Outlook

Among product type, squared shaped balers segment accounted for the highest market share in the Agricultural Balers Market in 2017. This is due to its advantages such as easy formation of bales, maximum tonnage, which occupies less space, and easy handling & transportation of bales. Manually collecting and making bales consumes more time, whereas baler machine helps to provide maximum tonnage and it occupies less storage space. Farmers and agricultural companies prefer this type of product due to its wide acceptance and advantages.
Among applications, hay compressing segment was dominant in the market in 2017. Hay comprises the maximum amount of wastage after the harvesting of the crop. The segment is projected to have dominant position in the market over the forecast period.

North America held highest market share in the global Agricultural Balers Market in 2017. The region is projected to maintain its dominance over the forecast period, owing use of modern agricultural tools, large mainland for agriculture, and capital intensive harvesting. According to a report by United States Department of Agriculture in Feb 2018, average farm size in USA has increased from 426 acres to 444 acres during 2010 to 2017.

Asia Pacific is projected to be the fastest growing region in the market over the forecast period, owing to key factors such as increased acceptance of such agricultural balers by farmers, decreasing input costs, and increasing agricultural activities. Indian government has taken various digital and technological initiatives to help Indian farmers by providing subsidies for purchasing various agricultural machinery. Also, several apps are launched to help farmers such as Kisan Suvidha, Pusa Krishi, and MKisan Application.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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