The Europe livestock monitoring market size reached US$ 721.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,395.2 Million by 2032, exhibiting a growth rate (CAGR) of 18.78% during 2024-2032.
Market Size in 2023
|US$ 721.4 Million
Market Forecast in 2032
|US$ 3,395.2 Million
|Market Growth Rate 2024-2032
Livestock monitoring is a part of a livestock management system that enables the farmers to trace animal activity on their farmsteads. It is primarily adopted for maintaining the health and productivity of poultry, swine, cattle, and equine. Livestock monitoring offers diverse applications pertaining to milk harvesting, feeding, heat stress, breeding, animal comfort, behavioral control, etc. The monitoring system also assists the farmers in keeping a check on the vitality of livestock in real-time, analyze disease outbreaks, track grazing animals, and optimize the breeding practices.
In Europe, the expanding animal husbandry sector along with the rising penetration of automated systems for real-time monitoring of livestock is currently driving the market growth. Furthermore, the increasing demand for animal-based food products, such as meat, eggs, and milk, is also propelling the need for efficient and cost-effective livestock management systems. Additionally, the high prevalence of various zoonotic diseases is further bolstering the adoption of livestock monitoring for gathering historical data to identify trends in animal health and track the spread of illness. Besides this, the European Commission is launching several policies and subsidies for livestock farmers to enhance productivity and control disease outbreaks in the region. Additionally, the growing integration of numerous advanced technologies, such as IoT, AI, biometrics, GPS, etc., with livestock monitoring is also augmenting the market growth in Europe. In line with this, the emergence of livestock management software for gathering real-time data related to feed consumption, breeding, health, etc., will continue to drive the Europe livestock monitoring market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe livestock monitoring market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on offering, application, species and farm type.
Breakup by Offering:
- Installation & Deployment Services
- Maintenance & Support
Breakup by Application:
- Milk Harvesting Management
- Breeding Management
- Feeding Management
- Heat Stress Management
- Animal Comfort Management
- Behavioural Monitoring & Control
Breakup by Species:
Breakup by Farm Type:
- Small Farms
- Medium Farms
- Large Farms
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined with some of the key players being Afimilk Agricultural Cooperative Ltd, BouMatic Robotics B.V., Dairymaster, DeLaval International AB (Tetra Laval International S.A.), Fancom B.V. (Berkshire Hathaway Inc.), Fullwood Packo Ltd, GEA Group Aktiengesellschaft, MSD Animal Health (Merck & Co. Inc.), Nedap N.V. and Sum-It Computer Systems Ltd.
|Base Year of the Analysis
||Offering, Application, Species, Farm Type, Country
||Germany, France, United Kingdom, Italy, Spain, Russia, Others
||Afimilk Agricultural Cooperative Ltd, BouMatic Robotics B.V., Dairymaster, DeLaval International AB (Tetra Laval International S.A.), Fancom B.V. (Berkshire Hathaway Inc.), Fullwood Packo Ltd, GEA Group Aktiengesellschaft, MSD Animal Health (Merck & Co. Inc.), Nedap N.V. and Sum-It Computer Systems Ltd.
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Key Questions Answered in This Report:
- How has the Europe livestock monitoring market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe livestock monitoring market?
- What are the key regional markets?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the species?
- What is the breakup of the market based on the farm type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe livestock monitoring market and who are the key players?
- What is the degree of competition in the industry?