The global livestock farm equipment market size was estimated at around USD 16 billion in 2019 and expected to grow at a significant CAGR of around 4% during the forecast period 2020 to 2027. Growing technological advancement in agriculture to increase operational efficiency is a key factor to drive the market.
The global livestock farm equipment market is segmented on the basis of product type, end-user, and geography. On the basis of product type, the segment is classified into milking, cleaning, egg handling, feed, housing, and other equipment. The feed equipment segment held the largest share in 2019 and accounted for over 20% of the market share in terms of revenue. By the end-user, the segment is divided into poultry, dairy, swine, and other farms. The poultry farm segment is accounted for the largest market share and valued at over 35% of the global livestock farm equipment market share in terms of revenue.
The report titled “Livestock Farm Equipment Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast – 2020 – 2027” offers a holistic view of the Livestock Farm Equipment industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers, and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Livestock Farm Equipment market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil, and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Livestock farm equipment market report summarizes the positive growth rate in upcoming years and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Livestock Farm Equipment Market Segmentation:
By Product Type:
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