Market Overview:
The global hay balers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hay balers from agricultural services companies, farms, and other end-users across the globe. Hay balers are used for bundling hay into small packages that can be easily transported and stored. They are available in different types such as gas power, electric power, and other types. The gas-powered hay balers segment is expected to grow at a higher CAGR than the electric-powered segment during the forecast period owing to their high efficiency and low maintenance cost. The global hay balers market has been segmented on the basis of type, application, and region. On the basis of type, it has been divided into gas power, electric power, and other types such as hydraulic or PTO powered machines. On the basis of application it has been classified into agricultural services company (includes both small & large scale), farm (includes both small & large scale), and others (includes government institutions/agencies). Region wise analysis includes North America followed by Latin America; Europe including Germany France Italy Spain etc.; Asia Pacific led by China Japan India South Korea etc.
Product Definition:
A hay baler is a piece of farm machinery used to compress hay into bales. The importance of hay balers is that they make the job of handling and storing hay much easier than if it were just loose.
Gas Power:
Gas power is the energy produced from natural gas. It has been used in balers to provide heat and electricity for a number of years. The recent trend indicates that it is being increasingly used as an alternative source of energy in other applications such as space heating, water heating, cooking, and lighting.
Electric Power:
Electric power is the rate of energy consumed by an electric device or equipment. It can be used in a variety of ways, including lighting, heating and cooling, appliances such as refrigerators and washing machines, television sets and computers. The hay balers market has witnessed significant growth over the past few years owing to increasing demand for bales from end-user industries such as agriculture (farming), construction & manufacturing sectors.
Application Insights:
The market is segmented by application into agricultural services company, farm and others. The other applications include construction and mining companies. The use of hay balers has increased in the agricultural services companies as they offer easy to operate machines at affordable prices. These are mostly used on small farms where space is an issue as these require less maintenance than tractors or harvesters do.
The demand for hay balers from the farm sector was valued at USD 446 million in 2017 owing to its ability to reduce labor costs while saving time and resources required for harvesting crops by hand method. Furthermore, technological advancements have made it possible for farmers with limited knowledge of machinery operation to use advanced equipment that suits their needs best, thus driving the growth of this segment over the forecast period (2018-2030).
Regional Analysis:
North America dominated the global hay balers market in 2017. The region is expected to witness a rise in demand for modern and advanced equipment over the forecast period, owing to an increase in farm mechanization and adoption of high-efficiency equipment. Furthermore, rising awareness regarding animal health & nutrition among farmers is anticipated to propel product demand over the coming years.
Asia Pacific regional market captured a revenue share of 24% in 2017.
Growth Factors:
- Increasing demand for hay balers from the agriculture sector as it helps in easy handling and storage of hay bales.
- Growing popularity of mechanized farming practices, which is aiding the growth of the hay balers market.
- Rising investments by manufacturers in R&D to develop innovative and technologically advanced products, thereby enhancing the efficiency and productivity of hay balers.
- Proliferation of small-scale farms across regions, which is providing a fillip to the sales of entry-level hay balers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hay Balers Market Research Report
By Type
Gas Power, Electric Power, Other
By Application
Agricultural Services Company, Farm, Other
By Companies
John Deere, New Holland, HSM, American Baler, International Baler Corporation, Vermeer, Claas, Krone, Minos Agri, Abbriata, Case IH, Massey Ferguson
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Hay Balers Market Report Segments:
The global Hay Balers market is segmented on the basis of:
Types
Gas Power, Electric Power, Other
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
Agricultural Services Company, Farm, Other
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:
- John Deere
- New Holland
- HSM
- American Baler
- International Baler Corporation
- Vermeer
- Claas
- Krone
- Minos Agri
- Abbriata
- Case IH
- Massey Ferguson
Highlights of The Hay Balers 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:
- Gas Power
- Electric Power
- Other
- By Application:
- Agricultural Services Company
- Farm
- Other
- 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 Hay Balers 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
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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?
Hay balers are machines that help farmers to collect hay in a timely manner. They work by cutting the hay into small pieces and then moving it through a series of rollers. This process helps to reduce the amount of time needed to collect the hay, which can be important for farmers who need to get their crops harvested as quickly as possible.
Some of the major players in the hay balers market are John Deere, New Holland, HSM, American Baler, International Baler Corporation, Vermeer, Claas, Krone, Minos Agri, Abbriata, Case IH, Massey Ferguson.
The hay balers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hay Balers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hay Balers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hay Balers Market - Supply Chain
4.5. Global Hay Balers Market Forecast
4.5.1. Hay Balers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hay Balers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hay Balers Market Absolute $ Opportunity
5. Global Hay Balers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hay Balers Market Size and Volume Forecast by Type
5.3.1. Gas Power
5.3.2. Electric Power
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hay Balers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hay Balers Market Size and Volume Forecast by Application
6.3.1. Agricultural Services Company
6.3.2. Farm
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hay Balers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hay Balers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hay Balers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hay Balers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hay Balers Demand Share Forecast, 2019-2029
9. North America Hay Balers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hay Balers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hay Balers Market Size and Volume Forecast by Application
9.4.1. Agricultural Services Company
9.4.2. Farm
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hay Balers Market Size and Volume Forecast by Type
9.7.1. Gas Power
9.7.2. Electric Power
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hay Balers Demand Share Forecast, 2019-2029
10. Latin America Hay Balers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hay Balers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hay Balers Market Size and Volume Forecast by Application
10.4.1. Agricultural Services Company
10.4.2. Farm
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hay Balers Market Size and Volume Forecast by Type
10.7.1. Gas Power
10.7.2. Electric Power
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hay Balers Demand Share Forecast, 2019-2029
11. Europe Hay Balers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hay Balers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hay Balers Market Size and Volume Forecast by Application
11.4.1. Agricultural Services Company
11.4.2. Farm
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hay Balers Market Size and Volume Forecast by Type
11.7.1. Gas Power
11.7.2. Electric Power
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hay Balers Demand Share, 2019-2029
12. Asia Pacific Hay Balers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hay Balers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hay Balers Market Size and Volume Forecast by Application
12.4.1. Agricultural Services Company
12.4.2. Farm
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hay Balers Market Size and Volume Forecast by Type
12.7.1. Gas Power
12.7.2. Electric Power
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hay Balers Demand Share, 2019-2029
13. Middle East & Africa Hay Balers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hay Balers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hay Balers Market Size and Volume Forecast by Application
13.4.1. Agricultural Services Company
13.4.2. Farm
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hay Balers Market Size and Volume Forecast by Type
13.7.1. Gas Power
13.7.2. Electric Power
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hay Balers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Hay Balers Market: Market Share Analysis
14.2. Hay Balers Distributors and Customers
14.3. Hay Balers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. John Deere
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. New Holland
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HSM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. American Baler
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. International Baler Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vermeer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Claas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Krone
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Minos Agri
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Abbriata
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Case IH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Massey Ferguson
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
