Global Bale Handling Equipment Market 2019-2023 | Growing Adoption of High-Speed
Posted by Loise Williams on March 26th, 2020
The global bale handling equipment market is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio.
Bales with 50%-60% moisture content are considered as a suitable feed option for the livestock. These bales help in reducing the requirement of a large silo or haylage harvesting equipment and provide more benefits to small and part-time farmers. However, the air leaks from bales may reduce the feed value and increase spoilage losses in the end user's environment. The bale handling equipment helps in avoiding air leaks from the bales using tight bale seals. Hence, the growing inclination of farmers toward convenient feed options may increase the bale handling activities in agricultural fields, leading to market growth.
As per Technavio, increasing adoption of high-speed bale handling equipment on agricultural fields will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global bale handling equipment market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global bale handling equipment market: Increasing adoption of high-speed bale handling equipment on agricultural fields
Farmers extensively use silage bales to maximize yield and get the most out of the crop. In this context, bale handling equipment is used to create an airtight seal that provides an ideal ensiling environment for the fermentation of the crop. This equipment also helps in retaining the oxygen-free condition throughout the storage period to preserve silage bales until feed-out.
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Moreover, vendors are offering high-speed bale handling equipment to help farmers speed up the bailing process on their agricultural fields. By speeding up the baling process, farmers can reduce the chances of hay loss from unfavorable climatic conditions and transfer silage bales to convenient storage locations without any loss. As a result, it helps in increasing the profitability of farmers.
“Farmers are increasingly focusing on reducing hay losses during baling. Efficient bale handling equipment helps farmers to avoid forage losses in fields. It helps in performing baling with high moisture content to reduce leaf loss and mold growth. Hence, farmers are increasingly investing in bale handling equipment to avoid handling damage,” says a senior research analyst at Technavio.
Global bale handling equipment market: Segmentation analysis
This market research report segments the global bale handling equipment market by product (bale wrappers, bale spears, bale carriers, and others) and geographic regions (APAC, Europe, MEA, North America, and South America).
The bale wrappers segment held the largest bale handling equipment market share in 2018. The growth of the bale wrappers segment can be attributed to the growing focus of vendors on launching new equipment models, such as baler-wrapper combinations.
The North America region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. The market in North America is driven by the rise in the number of initiatives undertaken for increasing hay exports, which will increase the demand for hay-making equipment, such as bale handling equipment.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Five Forces Analysis
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About the AuthorLoise Williams
Joined: August 7th, 2019
Articles Posted: 266
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