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The global livestock farm equipment market is expected to exhibit moderate growth during 2021-2026. Livestock farm equipment refers to the machinery used in poultry and dairy farms to manage the livestock. It involves the use of grooming, milking, egg handling, tagging and feed distribution equipment. The grooming equipment includes grooming kits and hoof trimmers, and the milking equipment includes pumps to collect milk from cows, buffalos, and goats automatically. The egg handling machines are used in poultry farms to collect, sort and transport eggs within the farm and the tagging equipment is used for convenient labeling of the livestock. In line with this, the feeding equipment includes automatic and semi-automatic feeders to maintain the supply of animal feed.
Significant growth in the livestock industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, rapid modernization and the increasing requirement for automation of various animal husbandry processes are providing a thrust to the market growth. Livestock farm equipment is widely used for undertaking feeding, milking, monitoring and cleaning tasks for the animals on the farm. They aid the farm owners to improve operational efficiency and facilitate optimum management of the livestock. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) with the connected devices, are acting as other growth-inducing factors. Farm owners are utilizing sensors and smart radio-frequency identification (RFID) tags to track the animals with real-time alerts through smartphone applications. Other factors, including rising expenditure capacities of the consumers on agriculture equipment, along with the implementation of favorable government policies, are anticipated to drive the market further. Looking forward, IMARC Group expects the global livestock farm equipment market to grow at a CAGR of around 4% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global livestock farm equipment market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type and end user.
Breakup by Product Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Texha PA LLC.
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