Global Slaughtering Equipment Market is valued approximately USD 6.99 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.56% over the forecast period 2019-2026. Slaughtering refers to the process where large number of killed in raw with the help of large machines and equipment. When the cattle are old enough, are sent to slaughter and their meat is processed and shipped to stores. The machine and equipment are responsible for some initial cutting, opening the major body cavities to remove the entrails and offal but usually leaving the carcass in one piece. The global burden of COVID-19 is expected to impact adversely towards the growth of slaughtering equipment market due to the economies slowdown in various emerging countries across the globe along with surmise possibility of spread of COVID-19 from eating bats. Therefore, meat and animal-based food is expected to face lesser demand from people to consume over the upcoming period. Whereas, rising demand for processed meat across the globe is expected to drive the growth of market over the forecast years. For instance: as per Statista, the demand for processed meat in 2019 was USD 670.5 billion in 2019 and expected to grow USD 998.62 billion in 2022. In Addition, Technological Advancements in the Slaughtering Equipment Industry is expected to fuel a lucrative thrust toward the growth of market over the forthcoming period. However, High Capital Investments & Infrastructural Challenges required for installation of Slaughtering Equipment is the factor hampers the growth of market over the forecast years.
The regional analysis of global Slaughtering Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising demand for processed meat in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as Lenient Trade Policies and Increase in Meat Exports and Technological Advancements in the Slaughtering Equipment Industry would create lucrative growth prospects for the Slaughtering Equipment market across Asia-Pacific region.
Major market player included in this report are:
Marel
Baader Group
Bayle SA
Prime Equipment Group Inc.
CTB Inc.
Brower Equipment
Jarvis Equipment (P) Ltd. (JEPL)
Industries Riopel Inc.
Asena
Dhopeshwar Engineering Private Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Stunning
Killing
Cut Up
Deboning & Skinning
Evisceration
Others
By Automation:
Fully Automated Line
Semi-Automated Line
By Livestock:
Poultry
Swine
Bovine
Seafood
Other Livestock
By Process type:
Line Slaughter
Batch Slaughter
Small-Sized Slaughter
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Slaughtering Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors