Livestock Farm Equipment Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Livestock Farm Equipment Market Size- By Product Type, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AGRI2401 | Pages: 1 - 221 | Formats*: |
| Category : Agriculture | |||
Livestock Farm Equipment Market Introduction and Overview
According to SPER Market Research, the Livestock Farm Equipment Market is estimated to reach USD 30.90 billion by 2033 with a CAGR of 3.4%.
The report includes an in-depth analysis of the Global Livestock Farm Equipment Market, including market size and trends, product mix, applications, and supplier analysis. Livestock farm equipment refers to the apparatus used to manage livestock on poultry and dairy farms. Grooming, milking, egg handling, tagging, and feed distribution equipment are all used. Grooming equipment comprises grooming kits and foot trimmers, while milking equipment includes pumps that automatically gather milk from cows, buffalos, and goats. In poultry farms, egg handling devices are used to gather, sort, and transport eggs within the farm, while tagging technology is utilised to easily label livestock. To maintain the supply of animal feed, the feeding equipment includes automatic and semi-automatic feeders.
- Texas invented the Hit Feed Feeder for broilers in 2021, revolutionising chicken production. This unique feeder enables effective and equal feed distribution, optimising broiler growth and minimising waste, thus enhancing poultry farming efficiency and profitability.
- Zoetis, a worldwide animal health company, will buy Performance Livestock Analytics, a livestock data management company, in 2020. This acquisition expands Zoetis' digital services for livestock producers by delivering advanced data solutions for better herd management and production.
- All flex Livestock Intelligence teamed with Kaleidoscope in 2019 to leverage Kaleidoscope's experience in blockchain technology. This alliance aims to improve livestock agricultural traceability and transparency, ensuring the authenticity and quality of livestock products.
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Market Opportunities and Challenges
Significant expansion in the cattle industry around the world is one of the primary reasons driving the market's favourable outlook. Furthermore, rapid modernization and the growing demand for automation of various animal husbandry activities are propelling market expansion. Livestock farm equipment is commonly used for feeding, milking, monitoring, and cleaning duties for farm animals. They help farm owners increase operational efficiency and promote optimal animal management.
Various technological breakthroughs, such as the integration of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) with linked devices, are also driving growth. Farmers are using sensors and smart radio-frequency identification (RFID) tags to watch their animals and receive real-time notifications via smartphone apps. Other factors, such as increased consumer spending capacity on agricultural equipment and the implementation of favourable government regulations, are expected to propel the industry even further.
The substantial initial investment required for livestock farm equipment limits market demand significantly. Many farmers, particularly small-scale and resource-constrained enterprises, may find it difficult to finance the upfront expenditures of new technology. This price barrier may discourage prospective buyers from implementing contemporary farming technologies, reducing their ability to boost efficiency and output. Reduced cost can stifle market expansion and exacerbate the technological divide between well-funded and underfunded farms.
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Market Competitive Landscape
The existence of multiple businesses dominating various geographical marketplaces has resulted in a fragmented market. At the same time, the presence of regional market participants increases competitiveness. Companies are currently implementing aggressive pricing methods in order to remain competitive. The major players in the Livestock Farm Equipment Market include: Afimilk Agricultural Cooperative Limited, Bob-White Systems Inc Farm Tek, HID Global Corporation (Assay Abloy AB), Hi-Hog Farm & Ranch Equipment Ltd. IAE Agriculture, Murray Farm care Limited, Omnia Technologies Private Limited, Pearson International LLC, Real Tuff Livestock Equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End Use |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Afimilk Agricultural Cooperative Limited, Bob-White Systems Inc Farm Tek, HID Global Corporation (Assay Abloy AB), Hi-Hog Farm & Ranch Equipment Ltd., IAE Agriculture, Murray Farm care Limited, Omnia Technologies Private Limited, Pearson International LLC, Real Tuff Livestock Equipment. |
COVID-19 Impact on Global Livestock Farm Equipment Market
The livestock farm equipment market exhibited resilience and adaptability in overcoming the challenges posed by the COVID-19 pandemic. While the initial phase of the crisis witnessed disruptions in supply chains and uncertainties, several factors contributed to its recovery and resurgence. The essential nature of livestock farming persisted throughout the pandemic. The demand for animal-derived products remained steady, necessitating efficient and productive farming practices. Livestock farm equipment, which enhances the welfare and productivity of animals, became indispensable for maintaining the global food supply chain's integrity.
Key Target Audience
- Livestock Farmers
- Dairy Framers
- Poultry Farmers
- Equine Farmers
- Agribusinesses
Our in-depth analysis of the Livestock Farm Equipment Market includes the following segments:
| By Product Type: |
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| By End Use: |
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| By Region: |
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Key Topics Covered in the Report
- Livestock Farm Equipment Market Size (FY’2022-FY’2033)
- Overview of Global Livestock Farm Equipment Market
- Segmentation of Livestock Farm Equipment Market By Product Type, (Cleaning Equipment, Egg Handling Equipment, Feed Equipment, Foggers, Coolers and Heaters
- Housing Equipment, Livestock Handling, Milking Equipment)
- Segmentation of Livestock Farm Equipment Market By End Use (Dairy Farm, Poultry Farm, Swine Farm, Others)
- Statistical Snap of Livestock Farm Equipment Market
- Expansion Analysis of Livestock Farm Equipment Market
- Problems and Obstacles in Global Livestock Farm Equipment Market
- Competitive Landscape in the Global Livestock Farm Equipment Market
- Impact of COVID-19 and Demonetization on Livestock Farm Equipment Market
- Details on Current Investment in Global Livestock Farm Equipment Market
- Competitive Analysis of Livestock Farm Equipment Market
- Prominent Players in the Livestock Farm Equipment Market
- SWOT Analysis of Livestock Farm Equipment Market
- Livestock Farm Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Livestock Farm Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Livestock Farm Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Livestock Farm Equipment Market
7. Global Livestock Farm Equipment Market, By Product Type (USD Million)
7.1. Global Livestock Farm Equipment Market Value Share and Forecast, By Product Type, 2023-20337.2. Cleaning Equipment7.3. Egg Handling Equipment7.4. Feed Equipment7.5. Foggers, Coolers and Heaters7.6. Housing Equipment7.7. Livestock Handling7.8. Milking Equipment7.9. Others
8. Global Livestock Farm Equipment Market, By End Use (USD Million)
8.1. Global Livestock Farm Equipment Market Value Share and Forecast, By End Use, 2023-20338.2. Dairy Farm8.3. Poultry Farm8.4. Swine Farm8.5. Others
9. Global Livestock Farm Equipment Market Forecast, 2019-2033 (USD Million)
9.1. Global Livestock Farm Equipment Market Size and Market Share
10. Global Livestock Farm Equipment Market, By Product Type 2019-2033 (USD Million)
10.1. Global Livestock Farm Equipment Market Size and Market Share By Product Type (2019-2026)10.2. Global Livestock Farm Equipment Market Size and Market Share By Product Type (2027-2033)
11. Global Livestock Farm Equipment Market, By End Use, 2019-2033 (USD Million)
11.1. Global Livestock Farm Equipment Market Size and Market Share By End Use (2019-2026)11.2. Global Livestock Farm Equipment Market Size and Market Share By End Use (2027-2033)
12. Global Livestock Farm Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Global Livestock Farm Equipment Market Size and Market Share By Region (2019-2026)12.2. Global Livestock Farm Equipment Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Afimilk Agricultural Cooperative Limited
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Bob-White Systems Inc.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Farm Tek
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. HID Global Corporation (Assay Abloy AB)
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Hi-Hog Farm & Ranch Equipment Ltd.
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. IAE Agriculture
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Murray Farm care Limited
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Omnia Technologies Private Limited
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Pearson International LLC
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Real Tuff Livestock Equipment
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Livestock Farm Equipment Market is projected to reach USD 30.90 billion by 2033, growing at a CAGR of 3.4% during the forecast period.
Livestock Farm Equipment Market grew in market size from 2022. The Market is expected to reach USD 30.90 billion by 2033, at a CAGR of 3.4% during the forecast period.
Livestock Farm Equipment Market CAGR of 3.4% during the forecast period.
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Livestock Farm Equipment Market size is USD 30.90 billion from 2023 to 2033.
Livestock Farm Equipment Market Segment is covered By Product Type, By End Use.
The North America is anticipated to have the highest market share in the Livestock Farm Equipment Market.
The key players in the market include Companies Covered Afimilk Agricultural Cooperative Limited, Bob-White Systems Inc Farm Tek, HID Global Corporation (Assay Abloy AB), Hi-Hog Farm & Ranch Equipment Ltd., IAE Agriculture, Murray Farm care Limited, Omnia Technologies Private Limited, Pearson International LLC, Real Tuff Livestock Equipment.
Livestock farm equipment refers to the apparatus used to manage livestock on poultry and dairy farms.
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