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Baler Market Share

Report ID: GMI8914
Published Date: Apr 2024
Report Format: PDF

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Baler Market Share

Global Baler Company Market Share Analysis, 2023

Baler business seem to be moderately fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as John Deere, Vermeer Corporation, Hesston by Massey Ferguson, New Holland Agriculture, Krone NA, Inc., Case IH Agriculture, Claas Group and Kubota Corporation collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Baler Market Companies

Major players operating in the baler industry are:

Abbriata SRL
AGCO Corporation
Case IH Agriculture
Claas Group
Foton Lovol International Heavy Industry Co., Ltd.
Hesston by Massey Ferguson
IHI Corporation
John Deere
Krone NA, Inc.
Kubota Corporation
Kuhn Group
Mainero
McHale Engineering
New Holland Agriculture
Vermeer Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of baler was reached USD 5.8 billion in 2023 and is expected to register 4.8% CAGR from 2024 to 2032, owing to rising global populations, leading to a growing need for efficient agricultural practices to meet food and feed demands.

Baler industry from the horizontal balers segment recorded USD 2.7 billion in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to their efficiency in processing large volumes of materials efficiently.

North America baler market size exceeded USD 1.3 billion in 2023 and is expected to register a commendable CAGR from 2024-2032, due to robust agricultural sector, particularly in regions with extensive farming operations.

Abbriata SRL, Case IH Agriculture, Claas Group, Hesston by Massey Ferguson, IHI Corporation, John Deere, Krone NA, Inc., Kubota Corporation, Kuhn Group, Mainero, McHale Engineering, New Holland Agriculture, and Vermeer Corporation, are some of the major baler companies worldwide.