Global Square Straw Baler Market Size By Product (Hydraulic Straw Baler, Tractor Trailer Straw Baler), By Application (Hay, Rice, Wheat, Maize), By Geographic Scope And Forecast

Square Straw Baler Market Size And Forecast

Square Straw Baler Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

Growing agricultural activities across the globe and an increasing population cause an increase in demand for food thus increasing productivity automation in agricultural processes is boosting the demand for Global Square Straw Baler Market. The Global Square Straw Baler Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Square Straw Baler Market Definition

An agricultural baler is a machine used to harvest hay thus; it is also called a hay baler. Agricultural balers are manufactured by using sheet steel. It has various components such as hydraulic cylinders, belts pumps, tires, and wheels, this component is purchased from different suppliers and then used to assemble in plants. Tires and belts are made up of nylon and polyester. Agricultural balers are used to collect the raked hay and the same machine is used for compression. Different types of balers are available in the market depending on their shapes such as round, square, rectangular, and so on, types, features, and according to different uses.

Squared balers are highly preferred due to their productivity and efficient speed. Based on the application they are divided into hay compression, straw compression, cotton compression, and many others. Among these applications for straw compression, square balers are widely used across the globe. There are two types of straw balers available in the market that is Hydraulic Straw balers and Tractor Trailer Straw balers. These balers are used for both individuals as well as commercial purposes.

Global Square Straw Baler Market Overview

Agriculture balers help to save time as well as energy as it helps in saving both of them in contrast to collecting and storing bales manually. Agricultural balers’ offers advantages such as high baling capacity, shaping of hay ad easy storage of bales thus; their various advantages are fueling the growth of the Global Square Straw Baler Market. Moreover, as compared to manual hay collection, an agricultural baler machine is bale to collect material and gives maximum tonnage per bale. This baler machine can also be able to make bale from the waste of plastic, paper, fiberboard, cans, and foils. Hence, it helps in reducing time, money, and labor cost which can be considered factors behind the huge demand for Square Straw Baler Market.

Furthermore, increasing production of wheat and other cereals are boosting agricultural activities and gradually farmers are shifting from traditional farming to smart methods which include automation in farming that is advancement in technology is fueling the Global Square Straw Baler Market. However, the high cost of machinery and low capita income of developing countries is anticipated to restrict the market growth of the Global Square Straw Baler Market.

Global Square Straw Baler MarketSegmentation Analysis

The Global Square Straw Baler Market is Segmented on the basis of Product, Application, and Geography.

Square Straw Baler Market, By Product

• Hydraulic Straw Baler• Tractor Trailer Straw Baler

Based on Product, the market is segmented into Hydraulic Straw Baler and Tractor Trailer Straw Baler. A grapple fork is used to lift bales where the grapple fork is hydraulically driven and attached to the end of the tractor bucket loader.

Square Straw Baler Market, By Application

• Hay• Rice• Wheat• Maize• Others

Based on Application, the market is segmented into Hay, Rice, Wheat, Maize, and Others. Among this entire segmentation hay, segment id expects to hold the largest market share in application due to an increase in the cereal harvesting area across the globe.

Square Straw Baler Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Square Straw Baler Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is due to increased acceptance by farmers by individuals as well as on a commercial level and the rising adoption of new technology in agricultural practices by Indian farmers is driving the growth of the Global Square Straw Baler Market in the region.

Key Players

The “Global Square Straw Baler Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are John Deere, Vermeer, Claas, Krone, Minos, Abbriata, Case IH, Massey Ferguson, Kuhn, New Holland, Lovol Heavy Industry. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Business Expansion, and Product Launch

• In April 2020, In the baler market, CLAAS KGaA mbH announced the launch of its new product line, ROLLANT fixed chamber round balers. The balers have new rollers with a stronger chassis and the option of net or film wrapping.

• In Sept 2021, Claas has recently introduced three entirely new four-rotor rakes with working widths of 15m, 13.6m, and 12.7m. Depending on the model, these maximum span widths can be adjusted by 3.40 to 4.90m. According to Claas, the new range has been designed to provide low transport heights, improved ground-contour following by the rotors, and ease of handling.

• In June 2022, The Pennsylvania Department of Environmental Protection is reviewing applications from a coal company to renew and expand a permit for an underground mine in the Laurel Highlands that caused unexpected subsidence under several homes.

Mergers and Acquisitions

• In November 2019, K-Line AG, an Australian agricultural implement manufacturer, was acquired by CNH Industrial AV. CNH Industrial AV’s brands Case IH and New Holland Agriculture were able to expand their agriculture product portfolios as a result of the acquisition.

• In Jan 2022, Vermeer Southwest acquired Vermeer Rocky Mountain and is combining forces to form Vermeer Mountain West.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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