Fior Markets launched a study titled “Bale Handling Equipment Market by Type (Bale Wrappers, Bale Spears, Bale Carriers, Others), Application (Small Farm, Large Farm),Region” and Global Forecast 2019-2026.
The global bale handling equipment market is expected to grow from USD XX million in 2018 to USD XX million by 2026 at a CAGR of XX% during the forecast period from 2019-2026. Growing farmer’s inclination toward high quality feed options and increasing use of high-speed bale handling equipment are boosting the market growth.
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Type segment covers bale wrappers, bale spears, bale carriers, and others. The bale wrappers market segment held largest market share due to the growing use of different kinds of bale wrappers. The bale wrappers are used in farms to wrap bales in plastics.
Application segment includes small farm and large farm. The large farm segment is anticipated to grow with highest CAGR due to the increasing use bale handling equipment in agricultural fields. These equipment’s are offering more benefits to small and part-time farmers.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated theglobal bale handling equipment market with market share. Increasing adoption of bale equipment’s, growing need for sufficient quantities of hay and forage from dairy farms, presence of major players, and rapid technological advancements are some of the factors that led to the growth of bale handling equipment market in North America region.
The major players of market include are John Deere & Company, KubotaCorporation, Art’s Way, McHale, VermeerCorporation, Hyster, Browns Agricultural, Alamo Group Inc., CNH Industrial, Massey Ferguson, Mahindra, Sonalika, and others. For instance, 2017, Deere Company has completed its acquisition of the Wirtgen Group, the leading manufacturer worldwide of road construction equipment. The acquired company was added into John Deere & Company’s construction equipment business.
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