Round balers are a type of farm machinery used for compressing raked crops into bales for easy transportation, handling, and storage. Round balers produce cylinder-shaped bales of crops.
Market Analysis and Insights: Global Round Balers Market
Due to the COVID-19 pandemic, the global Round Balers market size is estimated to be worth US$ 278.8 million in 2022 and is forecast to a readjusted size of US$ 398.4 million by 2028 with a CAGR of 6.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Variable Chamber Round Balers accounting for % of the Round Balers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Hay segment is altered to an % CAGR throughout this forecast period.
North Americas will contribute to the maximum growth of this market throughout the predicted period. Owing to the increasing focus of round baler manufacturers on expanding the product portfolio for meeting the evolving demands of the agricultural sector in the advanced economies such as the US, the region is likely to contribute maximum round balers market share during the next few years as well.
Global Round Balers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Round Balers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Variable Chamber Round Balers
Fixed Chamber Round Balers
Segment by Application
Hay
Rice
Wheat
Maize
Others
By Company
John Deere
Vermeer
Claas
Krone
Minos
Abbriata
Case IH
Massey Ferguson
Kuhn
New Holland
Foton Lovol
Shanghai Star
Yulong Machinery
Shen Yang Fang Ke
Yu Gong Agricultural Machinery
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina