Product Code: GVR-4-68039-262-8
Baler Market Growth & Trends:
The global baler market size is estimated to reach USD 11.90 billion by 2030, registering to grow at a CAGR of 10.6% from 2025 to 2030 according to a new report by Grand View Research, Inc. Baler is used for squeezing together a cut and raked crop to form compact bales, which are easier to handle, store, and transport. The market is primarily driven by the growing demand in the Asia Pacific region, coupled with rising government initiatives to encourage balers' adoption. For instance, in 2018, the state government of Andhra Pradesh, India, provided paddy balers at a subsidy of fifty percent. As a result, approximately 150 to 200 new farmers adopted balers in the state.
The growing adoption of livestock farming due to the increasing demand for meat is expected to augment the demand for balers over the forecast period. Farmers are increasingly adopting baler as it is convenient to use bales for the transportation and storage of straw and hays. Furthermore, leading baler manufacturers, such as CNH Industrial N.V, Deere and Company, and KUBOTA Corporation, are investing in the development of customized balers to cater to the different needs of the farmers.
The market is characterized by a moderate degree of competition due to the presence of several companies operating at the global level. These companies are investing in R&D to enhance their product offerings by the introduction of technologically-advanced equipment. For instance, in July 2019, Kubota Corporation established a new research and development center in Georgia. Through this, the company aims to determine the specific needs of the North American market accurately. The center is dedicated to the development of mowers, utility vehicles, and balers.
Baler Market Report Highlights:
- Round balers dominated the market with the largest revenue share of 57.1% in 2024. his is attributed to the lower power requirement of mini round bales as compared to the square balers.
- The square balers are expected to grow at a significant CAGR of 9.6% over the forecast period.
- Asia Pacific baler industry dominated the global market with the largest revenue share of 39.4% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Baler Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Baler Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.4. Pain Point Analysis
Chapter 4. Baler Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Baler Market: Product Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Round Balers
- 4.3.1. Round Balers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Square Balers
- 4.4.1. Square Balers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1. Small Square Balers
- 4.4.1.1.1. Small Square Balers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.2. Large Square Balers
- 4.4.1.2.1. Large Square Balers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Baler Market: Regional Estimates & Trend Analysis
- 5.1. Baler Market Share, By Region, 2024 & 2030 (USD Million)
- 5.2. North America
- 5.2.1. North America Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. U.S.
- 5.2.2.1. U.S. Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.3. Canada
- 5.2.3.1. Canada Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Mexico
- 5.2.4.1. Mexico Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Europe Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. UK
- 5.3.2.1. UK Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Germany Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. France
- 5.3.4.1. France Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. China
- 5.4.2.1. China Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Japan
- 5.4.3.1. Japan Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. India Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.5. South Korea
- 5.4.5.1. South Korea Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.6. Australia
- 5.4.6.1. Australia Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Latin America Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Brazil
- 5.5.2.1. Brazil Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.3. Argentina
- 5.5.3.1. Argentina Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Middle East and Africa
- 5.6.1. Middle East and Africa Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.2. UAE
- 5.6.2.1. UAE Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Saudi Arabia Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.4. South Africa
- 5.6.4.1. South Africa Baler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Company Market Positioning
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. AGCO Corporation
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. CLAAS KGaA mbH
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. CNH Industrial N.V.
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. Deere & Company
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. KUHN SAS
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. IHI Corporation
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. KUBOTA Corporation
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. Maschinenfabrik Bernard KRONE GmbH & Co.KG
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Mahindra&Mahindra Ltd.
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. SDF Group
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Strategic Initiatives