Press release
Baler Market Value Projected to Expand by 2031
Global baler market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). A major factor supporting the market growth is the increasing demand for small and compact balers integrating the Internet of Things (IoT) to bolster investments in the baler market. Compact and portable balers with flexibility and versatility for waste handling applications are becoming more and more in demand, especially for smaller establishments, retail outlets, and isolated areas. Compact balers are perfect for organizations with space constraints or decentralized waste management operations because they are made to fit small spaces while yet providing effective baling capabilities. Baler systems are becoming more and more connected with Internet of Things (loT) technology, which offers real-time monitoring, diagnostics, and predictive maintenance capabilities. IoT-enabled balers enable users to maximize equipment uptime, decrease downtime, and save overall operating costs by gathering and analyzing data on equipment performance, operational efficiency, and maintenance requirements. For instance, in January 2024, New Holland launched Autonomous Bailing Technology. A novel technology, IntelliSense Bale Automation reportedly transforms the way customers and operators approach large square baling by delivering an automated solution for farmers. The new system is compatible with Class 3 ISOBUS tractors - specifically, the T7 LWB, T7 HD, and T8 from New Holland - and model year 2022 and model year 2023 New Holland BigBaler Large Square Balers. Connectivity features also facilitate remote monitoring and control of baler operations, enhancing user convenience and efficiency.In June 2023, Orwak launched a new series of balers. The new models 3075 & 3150 complement the other members of the COMPACT family well in size and capacity and produce impressive bales that are optimized logistically. The 3075 generates bale weights up to 70 kg and two bales fit perfectly on a Euro pallet. The 3150 produces cardboard bales that weigh up to 150 kg and the bale size is optimized for a Euro pallet. In other words, they offer substantial bales, yet compact machine design. They are ideal for small to medium-sized volumes of packaging materials in a wide range of industries and help save time, space, and money.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- AGCO Corporation, CNH Industrial America LLC., Mahindra & Mahindra Ltd., John Deere, and New Holland Agriculture, among others.
Baler Market Report Segment
By Type
Horizontal Baler
Vertical Baler
Round Baler
Square Baler
Specialty Baler
By Application
Agriculture
Recycling and Waste Management
Retail
A full Report of Baler Market is Available @ https://www.omrglobal.com/industry-reports/baler-market
Baler Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Abbriata S.R.L
CLASS KGaA mbH Carlos Mainero & CO SAICFI
Deere & Company
Harris Equipment
IHI Corporation
International Baler Corporation
John Deere
Kubota Corporation
Kühn Group
Lovol
Massey Ferguson
Maschinenfabrik Bernard KRONE GmbH & Co. KG
McHale
New Holland Agriculture
Orwak AB
Pioneer Group
Vermeer Corporation
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/baler-market
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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