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Global Bale Handling Equipment Market 2019-2023

Global Bale Handling Equipment Market 2019-2023

About this market

Bale handling is one of the significant post-harvest activities in agricultural fields. Efficient bale handling helps farmers to avoid forage losses in fields. Proper bale handling enables bales to retain the oxygen-free condition throughout the entire storage period, and the silage is perfectly preserved until it is feed-out. Furthermore, silage bales also provide the convenience of easy transportation to various locations. Bale handling also helps in performing baling with high moisture content to reduce leaf loss and provides high-quality protein. Moreover, end-users of bales such as livestock farmers also prefer high-quality bales for feeding purpose, which include desired moisture level, more favorable fermentation in terms of sugar content than in wetter material and minimized seepage losses. Therefore, the growing focus of farmers on reducing forage losses in fields may drive the market growth of bale handling equipment during the forecast period. Technavio’s analysts have predicted that the bale handling equipment market will register a CAGR of almost 5% by 2023.

Market Overview

Growing farmer's inclination toward high- quality feed options

The bale handling equipment provides more benefits to small and part-time farmers. The baling of silage can be treated as an alternative to dry hay for livestock farmers. Hence, the growing inclination of farmers toward convenient feed options may increase the bale handling activities in agricultural fields, which, in turn, may drive the global bale handling equipment market during the forecast period.

Impact of climate change on hay production

Agricultural production is directly dependent on climate variables such as temperature. An increase in temperature can reduce the yields of forage crops. Unfavorable climate change negatively affects forage crop production. Hence, reduction in hay production in various countries will negatively impact the demand for agricultural equipment such as bale handling equipment during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the bale handling equipment market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Bale Handling Equipment Market 2019-2023

Technavio recognizes the following companies as the key players in the global bale handling equipment market: Alamo Group Inc., Deere & Company, KUBOTA Corporation, McHale, Vermeer Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing popularity of large – sized bale handling equipment.”

According to the report, one of the major drivers for this market is the growing farmers inclination toward high- quality feed option.

Further, the report states that one of the major factors hindering the growth of this market is the high prevalence of silage stacks may reduce the demand for baled stack and thereby hinder the potential growth of the market.

Companies Mentioned

Alamo Group Inc.

Deere & Company

KUBOTA Corporation

McHale

Vermeer Corporation

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global agricultural machinery market
      • Table Segments of global agricultural machinery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Bale wrappers - Market size and forecast 2018-2023
      • Table Bale wrappers - Market size and forecast 2018-2023 ($ millions)
      • Table Bale wrappers - Year-over-year growth 2019-2023 (%)
    • Bale spears - Market size and forecast 2018-2023
      • Table Bale spears - Market size and forecast 2018-2023 ($ millions)
      • Table Bale spears - Year-over-year growth 2019-2023 (%)
    • Bale carriers - Market size and forecast 2018-2023
      • Table Bale carriers - Market size and forecast 2018-2023 ($ millions)
      • Table Bale carriers - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing popularity of large-sized bale handling equipment
    • Increasing adoption of high-speed bale handling equipment on agricultural fields
    • New product launches
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alamo Group Inc.
      • Table Alamo Group Inc. - Vendor overview
      • Table Alamo Group Inc. - Business segments
      • Table Alamo Group Inc. - Organizational developments
      • Table Alamo Group Inc. - Geographic focus
      • Table Alamo Group Inc. - Segment focus
      • Table Alamo Group Inc. - Key offerings
      • Table Alamo Group Inc. - Key customers
    • Deere & Company
      • Table Deere & Company - Vendor overview
      • Table Deere & Company - Business segments
      • Table Deere & Company - Organizational developments
      • Table Deere & Company - Geographic focus
      • Table Deere & Company - Segment focus
      • Table Deere & Company - Key offerings
      • Table Deere & Company - Key customers
    • KUBOTA Corporation
      • Table KUBOTA Corporation - Vendor overview
      • Table KUBOTA Corporation - Business segments
      • Table KUBOTA Corporation - Organizational developments
      • Table KUBOTA Corporation - Geographic focus
      • Table KUBOTA Corporation - Segment focus
      • Table KUBOTA Corporation - Key offerings
      • Table KUBOTA Corporation - Key customers
    • McHale
      • Table McHale - Vendor overview
      • Table McHale - Product segments
      • Table McHale - Key offerings
      • Table McHale - Key customers
    • Vermeer Corporation
      • Table Vermeer Corporation - Vendor overview
      • Table Vermeer Corporation - Product segments
      • Table Vermeer Corporation - Organizational developments
      • Table Vermeer Corporation - Key offerings
      • Table Vermeer Corporation - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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