The global livestock farm equipment market is expected to exhibit a growth rate (CAGR) of 3.77% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global livestock farm equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
- Milking Equipment
- Cleaning Equipment
- Egg Handling Equipment
- Feed Equipment
- Housing Equipment
- Livestock Handling
- Foggers, Coolers and Heaters
Breakup by End User:
- Poultry Farm
- Dairy Farm
- Swine Farm
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles 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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Key Questions Answered in This Report:
- How has the global livestock farm equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global livestock farm equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end user?
- 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 global livestock farm equipment market and who are the key players?
- What is the degree of competition in the industry?