Global Agricultural Round Baler Market Growth 2023-2029

Global Agricultural Round Baler Market Growth 2023-2029

A baler or hay baler is a piece of farm machinery used to compress a cut and raked crop (such as hay, cotton, flax straw, salt marsh hay, or silage) into compact bales that are easy to handle, transport, and store. Often, bales are configured to dry and preserve some intrinsic (e.g. the nutritional) value of the plants bundled. Different types of balers are commonly used, each producing a different type of bale – rectangular or cylindrical, of various sizes, bound with twine, strapping, netting, or wire.
LPI (LP Information)' newest research report, the “Agricultural Round Baler Industry Forecast” looks at past sales and reviews total world Agricultural Round Baler sales in 2022, providing a comprehensive analysis by region and market sector of projected Agricultural Round Baler sales for 2023 through 2029. With Agricultural Round Baler sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural Round Baler industry.
This Insight Report provides a comprehensive analysis of the global Agricultural Round Baler landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agricultural Round Baler portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agricultural Round Baler market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural Round Baler and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural Round Baler.
The global Agricultural Round Baler market size is projected to grow from US$ 1910.7 million in 2022 to US$ 2593.4 million in 2029; it is expected to grow at a CAGR of 2593.4 from 2023 to 2029.
For the Agricultural Round Baler industry, the market is concentrated. The key players are John Deere, CNH Industrial, CLAAS, Vermeer, AGCO, Krone, KUHN Group, MCHALE, Göweil Maschinenbau, GIMIG, Jiangsu World, IHI Corporation, Inner Mongolia Huade, Orkel, Maschio, Takakita Co., Zoomlion, Mainero, SITREX, Agronic Oy etc. Top 3 players occupied about 43% market share. In terms of product, Fixed Chamber Baler is the largest segment, with a share over 54%. And in terms of application, the largest application is Silage.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural Round Baler market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Variable Chamber Baler
Fixed Chamber Baler
Segmentation by application
Silage
Dry Hay
Cornstalk
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
John Deere
CNH Industrial
CLAAS
Vermeer
AGCO
Krone
KUHN Group
MCHALE
Göweil Maschinenbau
GIMIG
Jiangsu World
IHI Corporation
Inner Mongolia Huade
Orkel
Maschio
Takakita Co.
Zoomlion
Mainero
SITREX
Agronic Oy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agricultural Round Baler market?
What factors are driving Agricultural Round Baler market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agricultural Round Baler market opportunities vary by end market size?
How does Agricultural Round Baler break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.