It is estimated that the sheep handling equipment market is expected to be valued at US$ 1,220 million in 2023, and likely to reach US$ 1,705 million by 2033. During the forecast period, the demand is anticipated to expand at a CAGR of 3.4%.
To manage the sheep and carry out multiple tasks, including feeding, milking, monitoring, and cleaning, an increasing amount of automated equipment is being used. The need for organically produced meat and wool, together with ongoing technological improvements, are giving the leading producers of sheep handling equipment new opportunities.
The growing number of persons who are lactose intolerant has a minor impact on the expansion of the sheep handling equipment sector. The demand for sheep handling equipment is also being impacted by the shift toward vegetarianism and veganism.
Leading producers of sheep handling equipment are utilizing smart radio-frequency identification (RFID) tags to track the sheep and send real-time alerts via smartphone applications.
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Modern farm machinery and equipment incorporates technologies like Global Positioning Systems (GPS), measuring sensors, and digital monitoring systems to make farming operations easier.
The data gathered from the field also allows them to produce a product that is more productive and long-lasting. The sales of sheep handling equipment is anticipated to increase, as there are an increasing number of small and medium-sized sheep farms around the world.
Key Takeaways
- In 2022, the US rules the sheep handling equipment market, with a share of 30.5%.
- The market for sheep handling equipment increased at a 3.0% CAGR between 2016 and 2022, citing FMI’s study.
- The expansion in China is anticipated to expand at an adequate CAGR of 2.7% by 2033. China’s market is likely to generate a share of US$ 127.6 million by 2033.
- Japan’s market share for sheep handling equipment is 5.4% in 2022 due to changing dietary habits.
- Between 2023 and 2033, the sheep handling equipment market is likely to increase in India at 4% CAGR, respectively.
- The expansion in the UK is anticipated to expand at an adequate CAGR of 3.6% by 2033. The UK’s market is expected to generate a share of US$ 165.4 million by 2033.
- Germany’s market share for sheep handling equipment is 18.2%, with the worth of US$ 214.4 million in 2022.
Key Manufacturers of Sheep Handling Equipment
Governments and organizations all around the world are promoting the development and implementation of contemporary livestock management systems through a number of initiatives. In addition, the sector has grown as a result of several technological advancements in sheep management.
Important market participants in sheep handling equipment are also investing in R&D to provide products that are cutting edge, dependable, and technologically advanced. Industry players are increasingly relying on a stronger regional presence to increase their market share.
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Recent Developments
- Big Dutchman built a logistics center and new regional headquarters in Malaysia to boost sales and increase its presence in the Asia Pacific.
- Sheep scales, handling systems, and feeds are all part of Premier1Supplies’ new line of equipment for handling sheep, which was unveiled in 2020. This business is a significant player in the market. The business also forged a number of new partnerships with distributors in the US, Europe, and Australia in an effort to expand its distribution network.
Key segments
By Category:
- Fixed Sheep Race
- Mobile Sheep Race
- Roll Over Crate
- Sheep Weighing Scales
- Race Components
- Feed Barriers
- Pen Division
- Walk through feeder
- Sheep Plastic
- Other
By Product Type:
- Manual
- Automatic
- Semi-automatic
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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