The global automatic goat waterer market size is projected to be valued at USD 294 million in 2023 and is expected to hit around USD 493 million by 2033. Sales of automatic goat waterers are expected to rise at a CAGR of 5.3% during the forecast period.
An adequate quantity of good water is essential for goats. The water requirements of goats are influenced by their milk production, the quantity of moisture in their feed, and environmental factors including humidity and temperature. Goats are generally always given unlimited access to fresh water by farmers and automatic goat waterers make their job easier.
The following are some significant elements favorably influencing the automatic goat waterer market growth:
| Attributes | Details |
|---|---|
| Automatic Goat Waterer Market Value (2023) | USD 294 million |
| Automatic Goat Waterer Market Expected Value (2033) | USD 493 million |
| Automatic Goat Waterer Market Projected CAGR (2023 to 2033) | 5.3% |
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When compared to the 4.7% CAGR recorded between 2016 and 2022, the automatic goat waterer market is predicted to expand at a 5.3% CAGR between 2023 and 2033.
| 2016 | USD 211.4 million |
|---|---|
| 2021 | USD 266.6 million |
| 2022 | USD 279.2 million |
| 2023 | USD 294 million |
| 2033 | USD 493 million |
With the increase in the global population, demand for meat and dairy products including cream, butter, and cheese is expected to increase dramatically. This necessitates the need for more advanced livestock management amenities and facilities. Innovation and the increasing usage of livestock farming equipment are two key factors anticipated to drive the future growth of this market.
| Short Term (2023 to 2026) | The market is expected to grow as an outcome of high technological investments, and rising consumer demand for dairy products of superior quality and productivity optimization. |
|---|---|
| Medium Term (2026 to 2029) | Sales of goat farming equipment are projected to rise owing to the manufacturers' growing desire for automated manufacturing operations across several industries. This is expected to propel the market expansion ultimately |
| Long Term (2029 to 2033) | The sale of livestock farming equipment through online stores has significantly increased during the last few years. E-commerce is expected to be crucial in enhancing access to reasonably priced automatic goat waterers. |
These factors are anticipated to support a 1.7X increase in the automatic goat waterer market between 2023 and 2033. The market is projected to be worth USD 493 million by the end of 2033, according to FMI analysts.
The global market is anticipated to expand over the forecast period as a result of several relevant variables that have been observed. Along with the market's growth factors, FMI researchers also looked at potential threats, attractive opportunities, and restricting factors that can have an impact on sales of automatic goat waterers.
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In 2022, the steel segment was the market leader. Owing to this segment's remarkable qualities, including strength, durability, and corrosion resistance, it is projected that there would be a significant demand for it. Additionally, automatic steel goat waterers can be customized to meet the unique requirements of a farm also contribute to rising demand.
The best and safest material for a goat farming equipment system is steel. It is hygienic since it is easily cleaned with water and soap meaning that no bacteria can develop on its surface. It is lighter than cast iron and more robust than plastic. Steel automatic goat waterers are becoming more well-liked since they are resilient and convenient.
Effective machinery is necessary for large farms to satisfy the rising demand for goat products including milk, meat, and wool. With the use of automatic goat waterers, large farms can reduce labor costs and physical labor to a certain extent. Due to the special care and housing requirements of goats, large farm owners favor these automated waterers in particular.
The large farms must be well maintained if they are to produce as much as possible. The utilization of automated waterers can simplify farm operations and enhance goat management. Due to the rising demand for goat byproducts, large farms utilize water resources to ensure the hygienic manufacture of their products. The large farm market segment is likely to grow as a result.
| Country | United States of America |
|---|---|
| Market Share (2022) | 30.2% |
| Market Value (2022) | USD 84.4 million |
| Country | Germany |
|---|---|
| Market Share (2022) | 16.1% |
| Market Value (2022) | USD 44.9 million |
| Country | United Kingdom |
|---|---|
| Market Share (2022) | 9.5% |
| Market Value (2022) | USD 26.5 million |
| Country | China |
|---|---|
| Market Share (2022) | 10.3% |
| Market Value (2022) | USD 28.77 million |
| Country | Japan |
|---|---|
| Market Share (2022) | 3.8% |
| Market Value (2022) | USD 10.7 million |
| Country | India |
|---|---|
| Market Share (2022) | 4.2% |
| Market Value (2022) | USD 11.7 million |
Since goats are effective at converting subpar forages into high-quality meat, milk, and skins for niche markets, goat farming has expanded by about one-third in the USA. All United States cities cultivate breeds of meat goats. The popularity of goats is rising for a variety of reasons in this nation. The majority of ethnic groups that have immigrated to the USA are the leading contributing element.
Over 80% of the goats produced in the USA are meat goats, according to the National Agricultural Statistics Service (NASS). Goat farming is preferred by rural farms since it has fewer risks than other animal production endeavors. The USA also has a sizable and diversified population of goats, which contributes to the country's prominence in the automatic goat waterer business. Increased consumer demand for goat meat and dairy products, as well as growing interest in small-scale and amateur farming, are factors propelling the expansion of the USA automatic goat waterer market.
Germany is renowned for its effective and cutting-edge agricultural industry. The nation has a sizable population of farmers who raise goats for their meat and milk. The market in Germany is expanding as a result of the rising demand for specialized and organic goat products. The German government is also assisting farmers by giving them subsidies and other benefits. This is anticipated to fuel the market expansion in the nation.
In order to ensure product quality and safety, the government and the business sector are under pressure. German automatic goat waterer market is anticipated to develop because of the extensive adoption of cutting-edge technologies. The country also has a persistent need to reduce the cost of livestock production.
The United Kingdom's automatic goat waterer market is predicted to surpass USD 46.1 million by 2033, exhibiting a CAGR of 5.7%. A significant impact on the market's expansion is also predicted from government regulations governing the surveillance of animal sickness. Thus, the adoption of automated goat waterer equipment is anticipated to be widespread in the nation. The occurrence of goat illnesses such as caseous lymphadenitis, Johne's disease, and caprine arthritis encephalitis is anticipated to increase the product demand.
By 2033, the Chinese automatic goat waterer market is expected to reach a value of USD 43.6 million, registering a CAGR of 4.2%. China's livestock industry has seen a substantial transition during the last thirty years. Both the domestic and international food supply, it has had a tremendous effect. In less than 30 years, the livestock population in China tripled.
The emergence of monogastric animals and the development of industrial livestock production techniques without access to land are largely to blame for this. Changes were influenced by demand and supply for new animal species, new technology, and government support. The primary drivers of provincial demand for automatic goat waterers are expected to be governmental regulations and interstate livestock trade rules.
On the other hand, given Japan's reputation for technological advancement, the Japanese automatic goat waterer market there is projected to expand at an upright rate. Modern technology is used by livestock producers in Japan to improve goat management operations. Additionally, due to population expansion, farmers are under enormous pressure to produce and succeed. Major players have responded by coming out with innovative ideas for enhanced automatic goat waterers as a result.
Goat waterers are becoming increasingly prevalent in India as they offer a convenient method to water goats. There is a rising demand for these products as more individuals become aware of their benefits. Several significant factors, like India's growing population and rising meat and dairy consumption, are positively affecting the industry. Additionally, the emergence of e-commerce platforms is giving firms attractive expansion opportunities. The market is also expected to be stimulated by the rising popularity of organic farming. Therefore, FMI analysts envisage that the Indian automatic goat waterer market is likely to surpass USD 21.4 million by 2033, exhibiting a CAGR of 6.2%.
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The desire for animal products among customers throughout the world is expected to lead to an increase in the demand for equipment used in livestock production. Several significant competitors are participating in the extremely fragmented industry. Newcomers to the automatic goat waterer market believe that sharpening their competitive edge is crucial to succeeding in this cutthroat industry. To gain momentum in the global business, they invest huge money in research & development activities and prioritize new product releases.
Top Start-ups to Watch for:
CSM Animal Husbandry & Agri Tech - India
CSM Animal Husbandry & Agri Tech, a private limited company, is founded in Tamil Nadu, India, in 2001. It manufactures, trades, and imports a high-grade line of waterers, drinkers, feeders, ear tags, and other products. The company also delivers these items in different configurations. Owing to their longevity, exquisite finish, and sturdiness, these items are in high demand.
Companies that are active in the market have numerous competitive approaches at their fingertips to win over their counterparts. These techniques consist of:
Product Innovation: To draw in prospective consumers, companies introduce novel and distinctive products onto the market that use different eco-friendly materials.
Branding: Companies can distinguish themselves from competitors and foster customer loyalty by establishing a compelling brand reputation.
Distribution: Businesses can improve the marketability of their commodities by developing powerful linkages with both retailers and distributors.
Quality: Companies can establish an image for bringing the preeminent high-quality products and set themselves apart from adversaries.
Top Rated Automatic Goat Waterer Manufacturers Leading the Market
StoutAgri
StoutAgri is a company that specializes in the design, development, and production of livestock equipment. The firm produces hundreds of different items, with drinkers, feeders, automatic drinking and feeding systems, slat surface supplies, and other relevant equipment for livestock farming now making up its primary product portfolio. These products can be used on different livestock species, such as sheep, goats, cattle, pigs, and poultry.
OK PLAST
Manufacturing high-quality galvanized iron-steel buckets and ghamela was where OK Industries got its start. OK PLAST works hard to give its clients high-quality products that not only satisfy their needs but also establish a benchmark for the industry in India. The business has established itself as a market leader in the production of an extensive range of plastic goods, including buckets, tubs, milk cans, animal feeders, and waterers. The whole line of goods is produced compliant with international quality standards and guidelines utilizing high-grade plastic granules and cutting-edge molding equipment and technology.
LA BUVETTE
In the French agricultural irrigation equipment market, La Buvette is a market leader. Farmers have valued the benefits of its waterers for cattle, pigs, sheep, goats, and horses for countless generations. Given this, LA BUVETTE has come to be associated with dependability, innovation, and animal welfare.
Other Key Players Operating in the Automatic Goat Waterer Market
The market is valued at USD 294 million in 2023.
The popularity of vegan lifestyles are key market trend.
A CAGR of 5.3% is expected from 2023 to 2033.
The market is expected to reach USD 493 million by 2033.
North America will hold a 25.7% share in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Plastic 5.2. Steel 5.3. Cast Iron 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Small Farm 6.2. Large Farm 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. StoutAgri 15.2. OK PLAST 15.3. Ritchie 15.4. LA BUVETTE 15.5. MS Schippers 15.6. Priefert 15.7. Lister 15.8. Suevia 15.9. Holland Animal Care 15.10. BEISER ENVIRONNEMENT 16. Assumptions & Acronyms Used 17. Research Methodology
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Automatic Goat Waterer Market
