IMARC Group, a leading market research company, has recently released a report titled “Livestock Farm Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global livestock farm equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Livestock Farm Equipment Market?
The global livestock farm equipment market is expected to exhibit a growth rate (CAGR) of 3.77% during 2023-2028.
What are Livestock Farm Equipment?
Livestock farm equipment refer to the machinery used in poultry and dairy farms to manage the livestock. It involves the use of milking, egg handling, grooming, tagging, and feed distribution tools. The grooming equipment include grooming kits and hoof trimmers, and the milking devices include pumps to collect milk from buffalos, cows, and goats automatically. The egg handling machines are used in poultry farms to sort, organize, and transport eggs within the ranch, and the tagging equipment is used for convenient labeling of the livestock. In addition to this, the feeding tools include automatic and semi-automatic feeders to maintain the supply of animal feed. As a result, livestock farm equipment find widespread applications in poultry, swine, and dairy farms across the globe.
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What are the Growth Prospects and Trends in the Livestock Farm Equipment Industry?
The emerging trend of modernization and the elevating requirement for automation of various animal husbandry processes are primarily driving the livestock fam equipment market. Besides this, the escalating product demand for undertaking feeding, milking, monitoring, and cleaning tasks and assisting farm owners in improving operational efficiency and facilitating optimum management of the animals is further augmenting the market growth. Moreover, the rising consumption of dairy products, such as meat and eggs, and the extensive utilization of sensors and smart radio-frequency identification (RFID) tags by farm owners to track animals with real-time alerts through smartphone applications, are also catalyzing the global market. Apart from this, the integration of the internet of things (IoT), artificial intelligence (AI), and machine learning (ML) with the connected devices is acting as another significant growth-inducing factor. Furthermore, the inflating expenditure capacities of the consumers on agriculture tools and the development of treatments for various animal ranch diseases are anticipated to propel the livestock farm equipment market over the forecasted period.
Who are the Key Players Operating in the Livestock Farm Equipment Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Afimilk Agricultural Cooperative Ltd.
- Bob-White Systems Inc.
- FarmTek
- Hid Global Corporation (Assa Abloy Inc.)
- Hi-Hog Farm & Ranch Equipment Ltd.
- IAE Agriculture, Murray Farmcare Ltd.
- Omnia Technologies
- Pearson International LLC
- Real-Tuff Inc.
- Royal Livestock Farms Equipment
- Texha PA LLC.
What is Included in Market Segmentation?
The report has categorized the market based on product type, end user and region.
Breakup by Product Type:
- Milking Equipment
- Cleaning Equipment
- Egg Handling Equipment
- Feed Equipment
- Housing Equipment
- Livestock Handling
- Foggers, Coolers and Heaters
- Others
Breakup by End User:
- Poultry Farm
- Dairy Farm
- Swine Farm
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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