Industry Background:
A square baler is a piece of farm machinery which is used to compress a cut, raked, crop such as hay or straw into bales and bind the bales with twine. Most hay is stored as bales, with small square bales weighing 40-70 pounds i.e. 18-32 kg. The square balers are pulled behind and powered by the tractor in the field. The square baler has flotation tires, which reduce the damage to the hay stubble by distributing its weight over a larger area. Furthermore, connected to the tractor is the Power Takeoff Shaft (PTO), which transfers rotary power from the tractor to the baling mechanism. When operating the square baler, the tractor pulls the baler pickup, a horizontal spool of moving steel teeth, in line with the windrow and engages the PTO drive.This growth is primarily driven by Growing Demand From Agricultural Sector and Large Scale Livestock Feed Yard Operations.
Globally, a noticeable market trend is evident Increase in Product Awareness Amongst End Users. Major Manufacturers, such as International Baler (United States), John Deere (United States), Vermeer Corporation (United States), Krone NA, Inc. (United States), IHI Corporation (Japan), Fendt (Germany), McHale (Ireland), KUHN Group (France), Case IH (United States) and New Holland Agriculture (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27 Sept, 2018 - KUHN Group, manufacturer of agricultural machinery, announces the signing of an agreement aimed at the purchase of all outstanding shares of Artec Pulverisation.
Market Drivers
- Growing Demand From Agricultural Sector
- Large Scale Livestock Feed Yard Operations
Market Trend
- Increase in Product Awareness Amongst End Users
Restraints
- High Cost Related To Product
Opportunities
Rise in Demand From Industrial Sector
Challenges
Lack in Adoption of Agricultural Equipment in Developing Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Square Baler Study Sheds Light on
The Square Baler Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Square Baler industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Square Baler industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.