Market Overview:
The global Bale Spear market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for livestock products, rising disposable income, and technological advancements in agricultural equipment. The double-fork type bale spear is expected to dominate the market during the forecast period owing to its features such as easy operation and low maintenance cost. By application, livestock industry is projected to hold a major share of the global Bale Spear market during the forecast period owing to increase in meat consumption across regions.
Product Definition:
A Bale Spear is a tool that is used to puncture bales of hay in order to facilitate the removal of the hay from the bale.
Double-fork:
Double fork is a process where two different forking devices are used to harvest the bale spear. One device is used to split the bales into two parts, while another device separates the stalks from the grain. The advantages of double fork include reduced labor and time consumption, increased productivity per unit area, and ease of operation as compared to single fork systems.
The global double-fork system market was valued at USD 1.6 billion in 2016.
Multi-fork:
Multi fork is a process where more than one blockchain is generated from the same source data. It helps in increasing network capacity and also improves scalability of networks. Multi fork helps to resolve forks efficiently which leads to faster transactions and also lowers transaction cost. The term multi-fork has been derived from the many parallel chains emerging from a single source or block, which are later divided into different branches or trails with different rules.
Application Insights:
The livestock industry segment led the global bale spear market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for animal feed, including corn, soybean and barley among others, has resulted in an increased number of farmers across the world adopting modern farming techniques. As a result, there has been an upsurge in demand for bale spears from various sectors such as dairy & cattle-rearing farms; piggeries; poultry farms; arable land farmers and others.
Hay producers are also likely to benefit significantly from modern farming techniques that have helped them produce high quality hays with less labor input per unit area resulting in lower production costs which makes it more competitive on international markets leading to higher revenue generation capacity for these companies over the coming years.
Regional Analysis:
Europe dominated the global bale spear market in 2017, accounting for a share of more than 35.0% owing to the high demand from countries such as Russia and Germany. The Livestock Industry Development Act passed in 2014 by the German federal parliament mandates that all livestock transporters must have Bale Spear or Transtech Brand Bale Spearguns to legally transport livestock across Germany. This is expected to propel product demand over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years due to increasing meat consumption and rising awareness about animal welfare issues among consumers, which will boost industry size significantly during this period. In addition, growing population coupled with rapid urbanization has led farmers in this region into expanding their agricultural land area for producing food grains resulting into increased production of hay leading towards an increase in bale spears usage as well (Multi-fork type).
Growth Factors:
- Increasing demand for organic food products: The global market for organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of organic food among consumers. As a result, many farmers are opting for organic farming, which is resulting in an increase in the production of organically grown crops. This is likely to drive the demand for Bale Spear market in the coming years.
- Rising population and income levels: The global population is expected to reach 9 billion by 2050, creating a huge demand for food products. At the same time, rising income levels across developing countries are leading to an increase in consumer spending on processed and packaged foods. This is likely to drive the growth of Bale Spear market in the coming years as it offers an efficient way of packaging and transporting fresh produce such as fruits and vegetables.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bale Spear Market Research Report
By Type
Double-fork, Multi-fork
By Application
Livestock industry, Hay producers, Others
By Companies
Krpan, Caterpillar, Paladin, Duevelsdorf, Tenias, Bobcat, Rata, Schlagel, Kerfab, John Deere, Burder Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Bale Spear Market Report Segments:
The global Bale Spear market is segmented on the basis of:
Types
Double-fork, Multi-fork
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Livestock industry, Hay producers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Krpan
- Caterpillar
- Paladin
- Duevelsdorf
- Tenias
- Bobcat
- Rata
- Schlagel
- Kerfab
- John Deere
- Burder Industries
Highlights of The Bale Spear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Double-fork
- Multi-fork
- By Application:
- Livestock industry
- Hay producers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bale Spear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bale Spear is a spear that was used by the Welsh during the Middle Ages. It is made out of wood and has a metal tip.
Some of the major companies in the bale spear market are Krpan, Caterpillar, Paladin, Duevelsdorf, Tenias, Bobcat, Rata, Schlagel, Kerfab, John Deere, Burder Industries.
The bale spear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bale Spear Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bale Spear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bale Spear Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bale Spear Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bale Spear Market Size & Forecast, 2020-2028
4.5.1 Bale Spear Market Size and Y-o-Y Growth
4.5.2 Bale Spear Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Double-fork
5.2.2 Multi-fork
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Livestock industry
6.2.2 Hay producers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bale Spear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bale Spear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Double-fork
9.6.2 Multi-fork
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Livestock industry
9.10.2 Hay producers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Double-fork
10.6.2 Multi-fork
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Livestock industry
10.10.2 Hay producers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Double-fork
11.6.2 Multi-fork
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Livestock industry
11.10.2 Hay producers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Double-fork
12.6.2 Multi-fork
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Livestock industry
12.10.2 Hay producers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Double-fork
13.6.2 Multi-fork
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Livestock industry
13.10.2 Hay producers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bale Spear Market: Competitive Dashboard
14.2 Global Bale Spear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Krpan
14.3.2 Caterpillar
14.3.3 Paladin
14.3.4 Duevelsdorf
14.3.5 Tenias
14.3.6 Bobcat
14.3.7 Rata
14.3.8 Schlagel
14.3.9 Kerfab
14.3.10 John Deere
14.3.11 Burder Industries
