The sheep handling equipment market has a worth of USD 1,220 million in 2023 and is projected to reach USD 1,705 million by 2033, with a CAGR of 3.4% during the forecast period.
Expansion is attributed to the growing demand for efficient, comfortable, and safe handling of sheep. The rising demand for milk and meat products, and awareness about animal welfare, are the key growth factors of the sheep-handling equipment market.
Moreover, the rising number of small-scale and medium-scale sheep farms across the world is expected to fuel the demand for sheep-handling equipment.
Attributes | Details |
---|---|
Sheep Handling Equipment Market CAGR (2023 to 2033) | 3.4% |
Sheep Handling Equipment Market Size (2023) | USD 1,220 million |
Sheep Handling Equipment Market Size (2033) | USD 1,705 million |
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When compared to the 3.0% CAGR recorded between 2016 and 2022, the sheep-handling equipment business is predicted to expand at a 3.4% CAGR between 2023 and 2033. The average growth of the market is expected to be approx 44% between 2022 and 2033.
Market Statistics | Details |
---|---|
Market Share (2016) | USD 985.8 million |
Market Share (2021) | USD 1,145.3 million |
Market Share (2022) | USD 1,180.1 million |
Short-term Growth (2023 to 2026): it's becoming more and more common to handle sheep using low-stress animal handling methods, leading towards potential growth.
Medium-term Growth (2027 to 2029): market expansion is accelerated by an increase in the use of breeding and milking equipment to increase total yield and management techniques.
Long-term Growth (2030 to 2033): An essential commercial development has been the creation of portable sheep-handling equipment. Farmers may now transport sheep without having to move them physically due to new technology.
In order to facilitate farming operations, new farm gear and equipment use technologies like Global Positioning Systems (GPS), measuring sensors, and digital monitoring systems. They are also able to provide an output that is more productive and sustainable due to data collected from the field.
Many recent advancements in the sheep-handling equipment industry aim to minimize human contact while boosting farm production.
It is projected that the adoption of cutting-edge technology, such as robots and automated systems in sheep handling equipment, presents significant opportunities for market expansion. The adoption of sheep-handling equipment is growing by the continued demand for innovative technologies in the agriculture sector to improve operational efficiency.
More and more automated technology is being used to manage the sheep and perform numerous activities, such as feeding, milking, monitoring, and cleaning. The need for organically grown meat and wool, along with continued technical advancements, is providing new prospects to the major manufacturers of sheep-handling equipment.
The industry growth for sheep handling equipment is mildly impacted by the rising number of people who are lactose intolerant. Also, the trend toward vegetarianism and veganism is affecting the demand for sheep-handling equipment.
Top manufacturers of sheep handling equipment are tracking the sheep and sending real-time alerts via smartphone applications by using smart radio-frequency identification (RFID) tags.
It is projected that the adoption of cutting-edge technology, such as robots and automated systems in sheep handling equipment, presents significant opportunities for market expansion. The adoption of sheep-handling equipment is growing by the continued demand for innovative technologies in the agriculture sector to improve operational efficiency.
More and more automated technology is being used to manage the sheep and perform numerous activities, such as feeding, milking, monitoring, and cleaning. The need for organically grown meat and wool, along with continued technical advancements, is providing new prospects to the major manufacturers of sheep-handling equipment.
The industry growth for sheep handling equipment is mildly impacted by the rising number of people who are lactose intolerant. Also, the trend toward vegetarianism and veganism is affecting the demand for sheep-handling equipment.
Top manufacturers of sheep handling equipment are tracking the sheep and sending real-time alerts via smartphone applications by using smart radio-frequency identification (RFID) tags.
With a share of 30.5%, the sheep-handling equipment business in the United States is worth USD 360 million in 2022. This market is made up of both small and large businesses and is highly fragmented.
Some of the industry top plates in the US
With a 20% market share, Colorado Lamb & Wool is the market's top player. The growing need for high-quality livestock products in the livestock business is driving the demand for sheep-handling equipment. The US has an increased demand for natural and organic animal products, which leads to small-scale livestock farm growth.
The adoption of sheep-handling equipment is high due to its utilization in animal exhibitions and shows. The leading firms' increasing investments in Research and Development activities are projected to fuel the US market expansion in the near future.
Attributes | Statistics |
---|---|
UK Market Value 2022 | USD 115.6 million |
UK Market Value 2033 | USD 165.4 million |
UK Market Share (2023 to 2033) | 9.8% |
UK Market CAGR (2023 to 2033) | 3.6% |
The bulk of suppliers in the UK's sheep-handling equipment sector is situated in England and Wales, with a small number in Scotland and Northern Ireland. The top five providers control over 80% of the market, indicating a highly consolidated market.
The demand for sheep handling equipment in the UK is anticipated to expand, as producers attempt to adopt new procedures to increase productivity.
The market for sheep handling equipment in the UK is quite competitive, with many suppliers providing a range of goods and services. Large agricultural equipment producers, specialized sheep-handling equipment manufacturers, and individual sheep-handling equipment experts are some of these sources.
Country | China |
---|---|
Market Share (2022) | 8.3% |
CAGR (2023 to 2033) | 2.7% |
Market Value (2033) | USD 127.6 million |
Country | India |
---|---|
Market Share (2022) | 3.6% |
CAGR (2023 to 2033) | 4% |
Market Value (2033) | USD 62.3 million |
Compared to other nations, China and India contribute the most to huge livestock. Over the projection period, the regional market would expand due to the rising demand for farm automation in response to the rising livestock.
Governments in the area are likewise promoting and aiding investments in the agricultural industry, aiding the sales of sheep-handling equipment.
The trend of China's growing urbanization has also led to a rise in the demand for sheep and sheep products. As it aids in effective flock management, this has raised the requirement for sheep-handling equipment.
Indian Projects Making Up the Demand
Australia held a 2% market share for sheep handling equipment in 2022, with a market value of USD 23.5 million.
Australia's agricultural sector is most challenging, but new sheep handling equipment is making it safer. Additionally, it might alleviate staff shortages by enabling senior farmers to continue working in the sheep's yards.
According to the National Centre for Farmer Health, farms account for 21% of worker fatalities across all Australian industries, and more people have hospital-treated injuries.
Automatic sheep handling equipment is the largest segment of the industry, based on product type. As the demand for automated systems rises in the agricultural sector, this category is anticipated to dominate the market throughout the forecast period.
Automated solutions give farmers more precision and control over their livestock operations, allowing them to cut labor expenses and boost productivity. Demand for automated sheep handling equipment is desirable since it also provides benefits like increased safety and less animal discomfort.
Farmers' desire to transport sheep quickly and safely from one location to another is the main driver of the fixed sheep race segment of the sheep handling equipment industry. In the upcoming years, the market for sheep handling equipment is predicted to have significant growth in the mobile sheep race category.
The rising demand from farmers and other livestock producers for mobile sheep races is what propels this market. Mobile sheep races are made to make it possible for farmers to transport sheep automatically from one field to another.
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Manufacturers need to look out for solutions that solve the challenges of the sheep-handling equipment industry.
The sheep-handling equipment sector is still in its infancy and is expected to grow quickly. Over the past few years, demand in the industry has steadily increased as farmers seek to strengthen the effectiveness and security of their sheep-handling operations.
The demand is expanding as a result of rising farmer demand and the creation of new and enhanced sheep-handling tools. Currently, a select group of significant players-including Gallagher, Tru-Test, and Sheepmaster-dominate the market. These businesses have a lengthy history in the industry and are recognized as industry leaders.
Smaller businesses, on the other hand, are beginning to enter the market and are providing cutting-edge new goods and services. Future market growth is anticipated due to growing farmer demand, the creation of new, improved goods, and other factors.
Furthermore, through a number of programs, governments and organizations globally are pushing the creation and use of modern livestock management systems. The industry has also expanded as a result of numerous technological developments in the area of sheep management.
Key players in the sheep-handling equipment market are also making investments in R&D to provide goods that are cutting-edge, dependable, and technologically sophisticated. To grow their market share, industry participants are increasingly turning to a stronger regional presence.
Recent Developments
The sheep-handling equipment market is estimated to be worth USD 1,220 million in 2023.
The sheep-handling equipment market is expected to have a CAGR of 3.4% by 2033.
The sheep-handling equipment market expanded at a share of USD 1,180.1 million in 2022.
North America accounted for a 30.5% share of the sheep-handling equipment market in 2022.
The UK accounts for 3.6% CAGR in the sheep handling equipment market by 2033.
1. Executive Summary | Sheep Handling Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Steel 5.2. Wood 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Structure Type 6.1. Mobile Structures 6.2. Permanent Structures 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 & 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. Shepherdsmate 15.2. Te Pari 15.3. StowAG 15.4. Hi-Hog 15.5. Tarter 15.6. 2W Equipment 15.7. IAE 15.8. D-S Livestock Equipment 15.9. Zeitlow Distributing 15.10. Pearson Livestock Equipment 16. Assumptions & Acronyms Used 17. Research Methodology
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