Square Baler Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[188+ Pages Report] According to the report published by Facts Factors, the global square baler market size was worth around USD 243.15 million in 2019 and is predicted to grow to around USD 302.62 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.4% between 2020 and 2026. The report analyzes the global square baler market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the square baler market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the square baler industry. The report analyzes and declares the historical and current trends analysis of the square baler industry and subsequently recommends the projected trends anticipated to be observed in the square baler market in the upcoming years.

The square baler market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire square baler market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research        

• As per our primary respondents, the global square baler market is set to grow annually at a rate of 3.4%. In 2019, the market has accounted USD 243.15 Million and expected to reach at around USD 302.62 Million by 2026.
• As per our analysts, based on the geography, the Europe has accounted the largest market share among the other regions. It has been valued at USD 109.88 Million in 2019 and anticipated to reach USD 139.72 Million by 2026. This regional segment will grow at a CAGR rate of 3.7% over the forecast period.
• On basis of product type segment, ‘others’ dominated the global square baler market in 2019. This segment will be the fastest growing segment in next few years.
• On basis of type segment, ‘large scale’ dominated the global square baler market in 2019. Large scale segment will grow at a CAGR rate of 3.5% over the forecast period.
• On basis of sales channel segment, ‘distribution channel' dominated the global square baler market in 2019. It has accounted 187.10 Million in 2019 and expected to reach USD 236.73 Million by 2026. This segment will grow at a CAGR rate of 3.6 % over the forecast period.
• CNH Industrial, AGCO Corporation, CLAAS are the most leading companies among others enterprises in 2019.

Key Recommendations from Analysts

• As per our analysts, the global square baler market is expected to grow significantly over the forecast period.
• As per analysts, the companies are investing in advanced technology such as artificial intelligence and blockchain which is predicted to drive the growth of the market in next four to five years.
• As per our analysts, increasing population is leading the demand for the global square baler market.
• The strategic and competitive advantage provided by increase in mechanization and advancements in agriculture sector is estimated to drive this market globally.
• Our team of analysts has identified, that Asia Pacific is expected to be the fastest growing market over the estimated period as Asian countries, such as India, Brazil, China, and Russia shift their dietary preferences toward protein-rich diets. However, meat consumption patterns in various parts of the world are likely to remain substantially different, owing to religious, cultural, and other consumer preferences in different countries. Thereby, the rise in consumption of meat will drive the global square baler market during the forecasting period.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the square baler industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the square baler industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the square baler market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the square baler industry. The square baler market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the square baler sector. Key strategic developments in the square baler market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the square baler market are appropriately highlighted in the report.

Generally, the square bales are lighter in weight and may stack in a hayloft or barn until needed. Hay manufacturers make square bales of different sizes such as large, medium, and small. Usually, square bales are easy to carry and transport, so several producers do so mainly for the convenience of clients buying their hay.

Moreover, the increase in the livestock population in some countries of the world is accelerating the consumption of square baler machines. However, its inefficiency during the rainy season is predicted to curb market demand. Additionally, maintenance costs of square baler machines are high which is also expected to deter the market growth in the coming years. Furthermore, increasing mechanization and developments of agricultural machineries are anticipated to increase the demand for the market.

The square baler market research report delivers an acute valuation and taxonomy of the square baler industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the square baler industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the square baler industry is provided for the leading economies of the world.

The global square baler market has been segmented into type, product type, application, and sales channel. The type has been classified into large scale, middle scale, and small scale. The product type has been bifurcated into two string baler, three string baler and others. Based on the application, the market has been fragmented into agriculture, livestock industry, and others.

Some of the important market players in the global square baler market include

• John Deere
•  IHI Corporation
•  Krone
•  CLAAS
•  KUHN Group
•  ACGO Corporation
•  CNH Industrial
•  ABBRIATA s.r.l.
•  Agromaster Agricultural Machinery
•  Tirth Agro Technology Pvt. Ltd. (SHAKTIMAN”)
•  FIELDKING
•   Cicoria S.r.l.

The taxonomy of the square baler industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Large Scale
• Middle Scale
• Small Scale

By Product Type Segmentation Analysis

• Two String Baler
• Three String Baler
• Others

By Application Segmentation Analysis

• Agriculture
• Livestock
• Others

By Sales Channel Segmentation Analysis

• Direct
• Distribution

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa