Global Bale Handling Equipment Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2026

As per the report published by Fior Markets, the global bale handling equipment market is expected to grow from USD XX million in 2018 to USD XX million by 2026 at a CAGR of XX% during the forecast period from 2019-2026. Increasing adoption of bale equipment's, growing need for sufficient quantities of hay and forage from dairy farms, presence of major players, and rapid technological advancements are some of the factors that led to the growth of bale handling equipment market in North America region.

Bale Handling Equipment Market by Type (Bale Wrappers, Bale Spears, Bale Carriers, Others), Application (Small Farm, Large Farm), Region and Global Forecast 2019-2026.

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Prominent companies in the industry include John Deere & Company, Kubota Corporation, Art's Way, McHale, Vermeer Corporation, Hyster, Browns Agricultural, Alamo Group Inc., CNH Industrial, Massey Ferguson, Mahindra, Sonalika, and others are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, 2017, Deere Company has completed its acquisition of the Wirtgen Group, the leading manufacturer worldwide of road construction equipment. The acquired company was added into John Deere & Company's construction equipment business.

Type segment covers bale wrappers, bale spears, bale carriers, and others. The bale wrappers market segment held largest market share due to the growing use of different kinds of bale wrappers. The bale wrappers are used in farms to wrap bales in plastics.Application segment includes small farm and large farm. The large farm segment is anticipated to grow with highest CAGR due to the increasing use bale handling equipment in agricultural fields. These equipment's are offering more benefits to small and part-time farmers.

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Growing farmer's inclination toward high- quality feed options and increasing use of high-speed bale handling equipment are the key driving factors for the bale handling equipment market.The unfavourable climate changemay limit the growth of market. However, growing popularity of large-sized bale handling equipment and increasing adoption of high-speed bale handling equipment on agricultural fieldsis expected to boost the bale handling equipment market over the forecast period.

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