Agriculture Balers Market
Agriculture Balers Market Forecasts to 2030 - Global Analysis By Product (Modern Square Balers, Traditional Square Balers, Round Baler Models, Mini Round Baler Models, Large Square Baler Models, Silage Baler Models, Cotton Baler Models, Bale Processors Models, Multi-Crop Balers, Precision Technology-Integrated Balers and Other Products), Power Source, Configuration, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.74 BN |
|
Projected Year Value (2030) |
US $15.97 BN |
|
CAGR (2023 - 2030) |
10.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Agriculture Balers Market is accounted for $7.74 billion in 2023 and is expected to reach $15.97 billion by 2030 growing at a CAGR of 10.9% during the forecast period. Agricultural balers are machines designed to efficiently compress and bundle crops, such as hay or straw, into compact and manageable packages called bales. They play a crucial role in modern farming by simplifying the harvesting process and facilitating storage and transportation. This technology enhances the efficiency of crop management, storage, and transportation in the agricultural sector, contributing to increased productivity and streamlined farm operations.
According to Food and Agricultural Organization (FAO), total agricultural area harvested in 2016, was 718 million hectare and it grew at the rate of 0.8% from 2015.
Market Dynamics:
Driver:
Rising mechanization trend in agriculture
Farmers are increasingly adopting advanced balers to streamline and automate the process of collecting and bundling crops for efficient storage and transportation. Mechanized balers enhance productivity, reduce labor dependency, and improve overall operational efficiency on farms. This trend is fuelled by the need for cost-effective and time-saving solutions, leading to a rising demand for modern agricultural equipment, thereby propelling the agriculture balers market forward.
Restraint:
Technological complexities
Technological complexities in agriculture balers, such as precision farming integration, sensor calibration, and automated adjustments, pose significant challenges for farmers. The intricate nature of these technologies leads to increased implementation costs, maintenance issues, and a steep learning curve for users. As a result, the agricultural balers market faces resistance in achieving widespread acceptance, impeding overall industry growth.
Opportunity:
Increasing demand for sustainable agriculture
Agriculture Balers play a crucial role in efficiently bundling and packaging crops, reducing waste, and promoting eco-friendly farming methods. As the demand for sustainable agriculture continues to rise, the Agriculture Balers market is poised to expand, offering innovative solutions to support environmentally conscious farming practices. This trend reflects a broader shift towards responsible and efficient agricultural practices globally. Therefore, the growing emphasis on sustainable agriculture presents a significant opportunity for the market.
Threat:
Fluctuating commodity prices
The unpredictable and volatile nature of commodity prices can impact farmers' purchasing power and investment decisions. When commodity prices are low, farmers may hesitate to invest in new equipment like balers, leading to decreased market demand. Conversely, during periods of high commodity prices, farmers may face budget constraints, diverting funds away from capital expenditures. This inherent uncertainty in the agricultural economy creates challenges for the agriculture balers market.
Covid-19 Impact
The covid-19 pandemic has influenced the agriculture balers market by causing disruptions in the supply chain, impacting manufacturing and distribution. Lockdowns and restrictions led to labor shortages and logistical challenges, affecting production and delivery schedules. Additionally, economic uncertainties have prompted some farmers to delay or reconsider capital expenditures, impacting the demand for agricultural equipment such as balers. However, increased awareness of food security and the importance of modern farming practices recovered the market growth.
The multi-crop balers segment is expected to be the largest during the forecast period
The multi-crop balers segment is estimated to have a lucrative growth. Multi-Crop Balers are advanced agricultural machines designed for efficient harvesting and baling of various crops in a single operation. These specialized balers incorporate innovative features such as adjustable knives and feeding systems, allowing farmers to seamlessly switch between different crops without the need for manual adjustments. Their versatility makes them valuable tools for farmers looking to streamline the baling process and optimize yield across different types of crops.
The precision agriculture balers segment is expected to have the highest CAGR during the forecast period
The precision agriculture balers segment is anticipated to witness the highest CAGR growth during the forecast period. Precision Agriculture Balers are advanced farming implements designed for optimal crop harvesting and baling efficiency. These high-tech balers integrate cutting-edge technology, such as GPS and sensor systems, to precisely monitor and manage crop conditions. They enable farmers to optimize yield, reduce waste, and minimize environmental impact by applying the right amount of resources where needed. Its productivity, sustainability and efficiency fuels the segment demand.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing mechanization in the agricultural sector. India has the largest agricultural sector. The region is also home for major key players namely Mahindra & Mahindra and Vermeer Corporation. Further, factors such as rising adoption of modern farming techniques, government initiatives supporting agricultural mechanization, and a surge in the demand for hay and forage products are expanding the market demand in the region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increasing mechanization in farming practices. Europe is home to major companies including CLAAS KGaA mbH, CNH Industrial N.V., Kuhn SAS, Maschinenfabrik Bernard Krone GmbH, and Same Deutz-Fahr Group S.p.A. The large agricultural land area and growing mechanization of agricultural processes are the factors responsible for the rise in demand for balers in the regional market. Further, the region government’s initiatives to promote machinery usage in agriculture are driving the demand for balers in this region.
Key players in the market
Some of the key players profiled in the Agriculture Balers Market include John Deere & Company, AGCO Corporation, Maschinenfabrik Bernard Krone GmbH, Kuhn SAS, Mahindra & Mahindra, CLAAS Group, IHI Corporation, International Baler Corporation, Compactor Management Company, Kubota Corporation, Action Compaction Equipment, WasteCare Corporation, ACE Equipment Company, Maren Engineering Corporation, Vermeer Corporation, Kverneland Group, Krone North America, Abbriata SRL, Lely Group and McHale Engineering.
Key Developments:
In August 2023, John Deere launched its new 1 Series round balers that are built with new technology to document bale moisture and weight while in the field and are designed to help farmers increase efficiency and return on investment.
In August 2023, AGCO Corporation announced the launch of a new round baler series. The Massey Ferguson 1 Series round baler delivers efficiency, quality, and operator comfort with straightforward, proven technology and rugged dependability. The series was specially designed to perform in challenging dry hay, stover, and residue applications.
Products Covered:
• Modern Square Balers
• Traditional Square Balers
• Round Baler Models
• Mini Round Baler Models
• Large Square Baler Models
• Silage Baler Models
• Cotton Baler Models
• Bale Processors Models
• Multi-Crop Balers
• Precision Technology-Integrated Balers
• Other Products
Power Sources Covered:
• Tractor-Powered Balers
• Self-Propelled Baler Models
Configurations Covered:
• Inline
• Offset
Technologies Covered:
• Automatic Wire Tying Balers
• Net Wrap Balers
• Moisture Sensing Technology
• Precision Agriculture Balers
• Telematics & Connectivity
• Variable Chamber Balers
• Intelligent Automation
• In-Cab Controls & Display
• Integration With Farm Management Software
• Energy-Efficient Balers
• Other Technologies
Applications Covered:
• Straw Baling
• Hay Baling
• Silage Baling
• Crop Residue Baling
• Cotton Baling
• Miscellaneous Crop Baling
• Specialty Crops Baling
• Custom Baling Services
• Integrated Livestock Systems
• Erosion Control & Landscaping
• Other Applications
End Users Covered:
• Agribusinesses
• Contract Balers
• Cattle Ranches
• Dairy Farms
• Livestock Farms
• Small & Medium-sized Farms
• Large Commercial Farms
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Agriculture Balers Market, By Product
5.1 Introduction
5.2 Modern Square Balers
5.3 Traditional Square Balers
5.4 Round Baler Models
5.5 Mini Round Baler Models
5.6 Large Square Baler Models
5.7 Silage Baler Models
5.8 Cotton Baler Models
5.9 Bale Processors Models
5.10 Multi-Crop Balers
5.11 Precision Technology-Integrated Balers
5.12 Other Products
6 Global Agriculture Balers Market, By Power Source
6.1 Introduction
6.2 Tractor-Powered Balers
6.3 Self-Propelled Baler Models
7 Global Agriculture Balers Market, By Configuration
7.1 Introduction
7.2 Inline
7.3 Offset
8 Global Agriculture Balers Market, By Technology
8.1 Introduction
8.2 Automatic Wire Tying Balers
8.3 Net Wrap Balers
8.4 Moisture Sensing Technology
8.5 Precision Agriculture Balers
8.6 Telematics & Connectivity
8.7 Variable Chamber Balers
8.8 Intelligent Automation
8.9 In-Cab Controls & Display
8.10 Integration With Farm Management Software
8.11 Energy-Efficient Balers
8.12 Other Technologies
9 Global Agriculture Balers Market, By Application
9.1 Introduction
9.2 Straw Baling
9.3 Hay Baling
9.4 Silage Baling
9.5 Crop Residue Baling
9.6 Cotton Baling
9.7 Miscellaneous Crop Baling
9.8 Specialty Crops Baling
9.9 Custom Baling Services
9.10 Integrated Livestock Systems
9.11 Erosion Control & Landscaping
9.12 Other Applications
10 Global Agriculture Balers Market, By End User
10.1 Introduction
10.2 Agribusinesses
10.3 Contract Balers
10.4 Cattle Ranches
10.5 Dairy Farms
10.6 Livestock Farms
10.7 Small & Medium-sized Farms
10.8 Large Commercial Farms
10.9 Other End Users
11 Global Agriculture Balers Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 John Deere & Company
13.2 AGCO Corporation
13.3 Maschinenfabrik Bernard Krone GmbH
13.4 Kuhn SAS
13.5 Mahindra & Mahindra
13.6 Same Deutz - Fahr Group S.p.A.
13.7 IHI Corporation
13.8 International Baler Corporation
13.9 Compactor Management Company
13.10 Kubota Corporation
13.11 Action Compaction Equipment
13.12 WasteCare Corporation
13.13 ACE Equipment Company
13.14 Maren Engineering Corporation
13.15 Vermeer Corporation
13.16 Kverneland Group
13.17 Krone North America
13.18 Abbriata SRL
13.19 Lely Group
13.20 McHale Engineering
List of Tables
1 Global Agriculture Balers Market Outlook, By Region (2021-2030) ($MN)
2 Global Agriculture Balers Market Outlook, By Product (2021-2030) ($MN)
3 Global Agriculture Balers Market Outlook, By Modern Square Balers (2021-2030) ($MN)
4 Global Agriculture Balers Market Outlook, By Traditional Square Balers (2021-2030) ($MN)
5 Global Agriculture Balers Market Outlook, By Round Baler Models (2021-2030) ($MN)
6 Global Agriculture Balers Market Outlook, By Mini Round Baler Models (2021-2030) ($MN)
7 Global Agriculture Balers Market Outlook, By Large Square Baler Models (2021-2030) ($MN)
8 Global Agriculture Balers Market Outlook, By Silage Baler Models (2021-2030) ($MN)
9 Global Agriculture Balers Market Outlook, By Cotton Baler Models (2021-2030) ($MN)
10 Global Agriculture Balers Market Outlook, By Bale Processors Models (2021-2030) ($MN)
11 Global Agriculture Balers Market Outlook, By Multi-Crop Balers (2021-2030) ($MN)
12 Global Agriculture Balers Market Outlook, By Precision Technology-Integrated Balers (2021-2030) ($MN)
13 Global Agriculture Balers Market Outlook, By Other Products (2021-2030) ($MN)
14 Global Agriculture Balers Market Outlook, By Power Source (2021-2030) ($MN)
15 Global Agriculture Balers Market Outlook, By Tractor-Powered Balers (2021-2030) ($MN)
16 Global Agriculture Balers Market Outlook, By Self-Propelled Baler Models (2021-2030) ($MN)
17 Global Agriculture Balers Market Outlook, By Configuration (2021-2030) ($MN)
18 Global Agriculture Balers Market Outlook, By Inline (2021-2030) ($MN)
19 Global Agriculture Balers Market Outlook, By Offset (2021-2030) ($MN)
20 Global Agriculture Balers Market Outlook, By Technology (2021-2030) ($MN)
21 Global Agriculture Balers Market Outlook, By Automatic Wire Tying Balers (2021-2030) ($MN)
22 Global Agriculture Balers Market Outlook, By Net Wrap Balers (2021-2030) ($MN)
23 Global Agriculture Balers Market Outlook, By Moisture Sensing Technology (2021-2030) ($MN)
24 Global Agriculture Balers Market Outlook, By Precision Agriculture Balers (2021-2030) ($MN)
25 Global Agriculture Balers Market Outlook, By Telematics & Connectivity (2021-2030) ($MN)
26 Global Agriculture Balers Market Outlook, By Variable Chamber Balers (2021-2030) ($MN)
27 Global Agriculture Balers Market Outlook, By Intelligent Automation (2021-2030) ($MN)
28 Global Agriculture Balers Market Outlook, By In-Cab Controls & Display (2021-2030) ($MN)
29 Global Agriculture Balers Market Outlook, By Integration With Farm Management Software (2021-2030) ($MN)
30 Global Agriculture Balers Market Outlook, By Energy-Efficient Balers (2021-2030) ($MN)
31 Global Agriculture Balers Market Outlook, By Other Technologies (2021-2030) ($MN)
32 Global Agriculture Balers Market Outlook, By Application (2021-2030) ($MN)
33 Global Agriculture Balers Market Outlook, By Straw Baling (2021-2030) ($MN)
34 Global Agriculture Balers Market Outlook, By Hay Baling (2021-2030) ($MN)
35 Global Agriculture Balers Market Outlook, By Silage Baling (2021-2030) ($MN)
36 Global Agriculture Balers Market Outlook, By Crop Residue Baling (2021-2030) ($MN)
37 Global Agriculture Balers Market Outlook, By Cotton Baling (2021-2030) ($MN)
38 Global Agriculture Balers Market Outlook, By Miscellaneous Crop Baling (2021-2030) ($MN)
39 Global Agriculture Balers Market Outlook, By Specialty Crops Baling (2021-2030) ($MN)
40 Global Agriculture Balers Market Outlook, By Custom Baling Services (2021-2030) ($MN)
41 Global Agriculture Balers Market Outlook, By Integrated Livestock Systems (2021-2030) ($MN)
42 Global Agriculture Balers Market Outlook, By Erosion Control & Landscaping (2021-2030) ($MN)
43 Global Agriculture Balers Market Outlook, By Other Applications (2021-2030) ($MN)
44 Global Agriculture Balers Market Outlook, By End User (2021-2030) ($MN)
45 Global Agriculture Balers Market Outlook, By Agribusinesses (2021-2030) ($MN)
46 Global Agriculture Balers Market Outlook, By Contract Balers (2021-2030) ($MN)
47 Global Agriculture Balers Market Outlook, By Cattle Ranches (2021-2030) ($MN)
48 Global Agriculture Balers Market Outlook, By Dairy Farms (2021-2030) ($MN)
49 Global Agriculture Balers Market Outlook, By Livestock Farms (2021-2030) ($MN)
50 Global Agriculture Balers Market Outlook, By Small & Medium-sized Farms (2021-2030) ($MN)
51 Global Agriculture Balers Market Outlook, By Large Commercial Farms (2021-2030) ($MN)
52 Global Agriculture Balers Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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