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Baler GlobalBaler Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Baler Market
The Business Research Company offers in-depth market insights through Baler Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The baler market size has grown strongly in recent years. It will grow from $4.22 billion in 2023 to $4.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to waste management needs, agricultural practices, paper and pulp industry, efficiency and labor savings, growing dairy and livestock industry, environmental awareness..
The baler market size is expected to see strong growth in the next few years. It will grow to $6.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to circular economy initiatives, demand for recyclable materials, bioenergy production, urbanization and waste generation, emerging markets.. Major trends in the forecast period include integration of iot and smart technologies, customization for different materials, growth in e-commerce packaging recycling, expansion of baler rental services, integration of conveyor systems, global market expansion..
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Market Segmentation:
The baler market covered in this report is segmented -
1) By Product: Round Balers, Square Balers
2) By Industry: Agriculture, Livestock, Other Industries
3) By Size: Bound with Twine, Strapping, Netting, Wire
4) By Application: Hay Compressing, Straw Compressing, Cotton Compressing, Other Applications
5) By End Use: Individual, Commercial
Major Driver - Rising Demand For Meat And Livestock Farming Boosts Baler Market Growth
The growing adoption of livestock farming is driving the growth of the baler market. Livestock farming is the procedure in which animals are increased and domesticated. The demand for balers is anticipated to increase throughout the forecast period as livestock farming becomes more popular as a result of the rising demand for meat. For instance, in 2021, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU) responsible for publishing high-quality Europe-wide statistics, the livestock population in the European Union was around 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats.. Just a few member states house the vast majority of the EU's livestock. France held between one-fifth and one-quarter (23.3%) of the EU's bovine population, and Spain held comparable amounts of the EU's pig (22.4%) and sheep (24.8%) populations. Together, Greece (28.8%) and Spain (21.4%) accounted for more than half of the goats in the EU. In terms of livestock husbandry, certain EU member states have rather high levels of specialization. Therefore, the growing adoption of livestock farming is expected to drive the growth of the baler market .
Competitive Landscape:
Major companies operating in the baler market report are AGCO Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, IHI Corporation, International Baler Corporation, Kubota Corporation, Kuhn SAS, Vermeer Corporation, Maschinenfabrik Bernard Krone GmbH, American Baler Company, Mahindra & Mahindra Limited, Same Deutz - Fahr Group SpA, McHale, Takakita Company Limited, Krone NA Co., Kartar Agro Industries Pvt., Harris Equipment Corporation, Balewulf Line of Balers, Bramidan A/S, Maren Balers & Shredders, Harmony Enterprises, PTR Baler & Compactor, Komar Industries Inc., Excel Manufacturing Ltd., Kenburn Waste Management Ltd., Avermann Maschinenfabrik GmbH & Co. KG, Strautmann Umwelttechnik GmbH, HSM GmbH + Co. KG, Presona AB
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Top Trend - New Horizon In Agricultural Machinery By Cutting-Edge Technologies Transforming The Baler Market
Technological advancement is a key trend gaining popularity in the baler market. Major companies in the baler market are advancing towards technologies and research and development of advanced products. For instance, in March 2022, New Holland Agriculture, a US-based agricultural machinery manufacturer launched a baler offering with premium Pro-Belt. Both a rotor feeder version and a 25-knife rotor cutter version of the variable chamber with a maximum bale size configuration of 165 cm and 190 cm will be offered. The baler includes an automatic greaser, a moisture meter, service lights, and IntelliBale compatibility as standard features. Durability is a fundamental component of the Pro-Belt's design, which uses fewer chains and rollers than the existing roll belt. This baler is exceptionally trustworthy for high-yearly use in all crop situations because of its larger rollers, bearings, and sprockets with diamond chains throughout.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Baler Market Characteristics
3. Baler Market Trends And Strategies
4. Baler Market - Macro Economic Scenario
5. Baler Market Size And Growth
…..
27. Baler Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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