The latest report by IMARC Group, titled “Livestock Farm Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global livestock farm equipment market is expected to grow at a CAGR of 3.77% during 2023-2028. Livestock farm equipment refers to appliances used for grooming, milking, feeding, and handling animals and birds. Nowadays, various types of livestock farm equipment are available in the market. For instance, milking equipment is utilized to automatically milk the animals while grooming equipment includes grooming kits, hoof trimmers, and other equipment. Feed equipment helps in dispensing a measured quantity of feed and water for the livestock. Moreover, livestock farm equipment also includes tagging equipment that is used to tag and label the animals.
Global Livestock Farm Equipment Market Trends:
The global livestock farm equipment market is primarily driven by the rapid growth of the livestock industry. Besides this, various technological advancements in the agriculture sector to bolster operational efficiency are also propelling the market growth. Along with this, the integration of the Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) with connected devices is acting as another major growth-inducing factor. In addition to this, the increasing automation to manage livestock and undertake tasks efficiently in the livestock industry is positively influencing the demand for livestock farm equipment. Moreover, the rising consumption of dairy products, such as meat and eggs, due to increasing population growth is also fueling the market. Furthermore, rapid modernization has resulted in the development of treatments for a range of livestock diseases, which is expected to significantly impact the market growth in the upcoming years.
- Based on the product type, the market has been segmented into milking, cleaning, egg handling, feed, housing, Livestock Handling, foggers, coolers and heaters, and other equipment.
- On the basis of the end user, the market has been classified into poultry, dairy, swine, and other farms.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Afimilk Agricultural Cooperative Limited, Bob-White Systems Inc., FarmTek, HID Global Corporation (Assa Abloy AB), Hi-Hog Farm & Ranch Equipment Ltd., IAE Agriculture, Murray Farmcare Limited, Omnia Technologies Private Limited, Pearson International LLC, Real Tuff Livestock Equipment, Royal Livestock Farms Equipment, and Texha PA LLC.
|Base Year of the Analysis
||Product Type, End User, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Afimilk Agricultural Cooperative Limited, Bob-White Systems Inc., FarmTek, HID Global Corporation (Assa Abloy AB), Hi-Hog Farm & Ranch Equipment Ltd., IAE Agriculture, Murray Farmcare Limited, Omnia Technologies Private Limited, Pearson International LLC, Real Tuff Livestock Equipment, Royal Livestock Farms Equipment, and Texha PA LLC
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