During the forecast period, it is predicted that the global cattle handling systems market will expand at a pragmatic CAGR of 6.6%. In 2023, this market is worth USD 2,630 Million. The cattle handling systems market is anticipated to reach USD 4,983 Million by 2033.
Raising and managing cattle herds is difficult for even the finest ranchers. Cattle typically appear to be quite tranquil, submissive, and placid from a distance. But the animals frequently behave radically different when it comes to handling them.
Preference for the cattle handling system is increasing among farmers as cattle are challenging to manage since they are frequently fearless but also quite obstinate. The task of transporting the cattle can be made considerably simpler with cattle handling systems.
In recent years, research on cattle behavior has grown and low-stress cattle handling has risen to the top of the business. As a result, designs for cattle handling systems have significantly improved.
The control of dairy production and animal comfort are two applications that make use of cattle handling systems. The primary driver of the market’s expansion internationally is the increase in milk production and consumption on a global scale.
An additional factor driving the rise in demand for cattle handling systems globally is the expansion of farm size and the number of animals owing to the rising demand for milk products.
The global market is also anticipated to increase as a result of a switch from manual, traditional livestock management to automated cattle handling systems owing to cost-benefit considerations.
Over the projected period, North America is anticipated to keep a significant market share. The potential for cattle handling systems is created across North America as awareness of the mechanization of dairy management increases.
The Asia Pacific region is anticipated to increase significantly throughout the forecast timeline. The market expansion in the Asia-Pacific region is likely to be fueled by the rising adoption among nations with agricultural economies, such as China and India.
Key Takeaways
- The market for cattle handling systems in the United Kingdom is anticipated to grow at a CAGR of 7.1% through 2033.
- The US dominated the cattle handling systems market in 2022 holding a 26.4% share of the global market.
- With a CAGR of 7.8% over the forecast period, India is predicted to grow rapidly in the market for cattle handling systems by 2033.
- The cattle handling systems market in China is expected to grow at a CAGR of 5.3% over the forecast period.
- Germany accounted for 15.8% of the global cattle handling systems market in 2022.
- Japan held a 4.8% share of the global market for cattle handling systems in 2022.
Competitive Landscape
The top manufacturers of the cattle handling systems market are Zeitlow Distributing Company, D-S Livestock Equipment, IAE, Tarter Farm and Ranch, Hi-Hog, 2W Equipment, Pearson Livestock Equipment, Wynnstay, LM Bateman, Tuff Livestock Equipment and others.
These businesses have employed a range of strategies to expand their market share in the global market for cattle handling systems. They have expanded their clientele and income via the employment of both organic and inorganic development strategies, including the introduction of new products, acquisitions, corporate expansions, and partnerships.
Recent Development
- In May 2021, with grandiose ambitions to expand its 38-acre headquarters and generate dozens of new employment, IAE stated that it is seeking to consolidate all of its personnel in one location.
- In August 2017, Pearson Livestock Equipment declared that it will extend its business into Texas and continue to open up chances and add jobs in one Texoma community.
Cattle Handling Systems Market Segmentation:
By Type:
- Steel
- Wood
By Application:
- Cattle
- Sheep
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
Access Report Details for More In-Depth Information!
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
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.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube