Livestock Farm Equipment Market Size, Share, Forecast Report by 2028

 

Livestock Farm Equipment Market

The Livestock Farm Market was estimated USD 17,023 million in 2020 and is predicted to grow at a 3.8% over the forecast period (2021-2028).

The factors driving the growth of Livestock Farm Market includes rise in the consumption of meat and dairy products around the world, growing demand for woolen products and leather goods and increase in the spending on agriculture equipment around the world. According to the report published by Statista, the Meat Market in India is estimated to reach USD 28.21 billion by the end of 2022, expanding at a CAGR of 11.34% over the forecast period (2022-2027), which will boost the Livestock Farm Equipment Market size in India in the approaching years. Moreover, the growing use of sensors and smart radio-frequency identification (RFID) tags by farmers to track the animals and emerging need to adopt automated technologies in the animal husbandry processes, are some of the additional factors supplementing the Livestock Farm Equipment Market share. In addition, rise in the number of lactose intolerant and vegan population, increasing investments in the agriculture sector, Government schemes to provide subsidies to farmers, growing disposable incomes and rapid urbanization, are further contributing to the market growth

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However, the growth of Livestock Farm Market is hindered due to high investment required for purchasing tractors and harvesters.

The leading players operating in the market are Murray Farmcare Ltd., Pearson International LLC, Real Tuff Livestock Equipment., Afimilk Ltd, Bob-White Systems, FarmTek, Royal Livestock Farms, India., Texha, Hi-Hog Farm & Ranch Equipment LTD and IAE, among others.

Product Type – Segment Analysis

Based on Product Type, the Feed Equipment segment is estimated to grow at a remarkable CAGR during the forecast period. The feed equipment helps to groom chicken, enhances the yield from livestock and are extensively used by the operators of dairy and swine farms across the globe, are some of the factors responsible for the growth of the segment.

End-Users – Segment Analysis

Based on End-Users, the Poultry Farm segment is projected to expand at a significant CAGR over the forecast period. Rise in the consumption of chicken and meat related products along with increasing use of poultry equipment to reduce the manual intervention, are the key factors augmenting the growth of the segment.

Regional – Segment Analysis

Based on Region, the Asia-Pacific region is expected to capture a sizeable market share during the forecast period. Rapid growth in the agriculture sector, rising adoption of automated technologies by the farmers, favorable topography and geographical conditions for farming, Government schemes to provide loans to farmers on the purchase of tractors and high population density, are some of the important factors propelling the market growth in Asia-Pacific.

Market Segmentation

Global Livestock Farm Equipment Market by Product Type

  • Housing Equipment
  • Egg Handling Equipment
  • Feed Equipment
  • Milking Equipment
  • Livestock Handling
  • Cleaning Equipment
  • Others

Global Livestock Farm Equipment Market by End-Users

  • Dairy Farm
  • Swine Farm
  • Poultry Farm
  • Others

Global Livestock Farm Equipment Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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