The horse grain feeders market is anticipated to reach a value of around US$ 5.79 billion by 2033 from a predicted value of US$ 3.49 billion in 2023. During the forecast period, sales of horse grain feeders are anticipated to record a CAGR of 5.2%.
Horse owners and breeders prefer using horse grain feeders since they provide a controlled way to feed horses. Grain feeders allow for easy management of the amount of grain being fed to each horse. This helps to ensure that each horse is getting the right amount of feed for its activity level. Additionally, grain feeders help to reduce waste by preventing horses from spilling or trampling feed. These feeders also aid in controlling grain consumption to prevent overeating and obesity among horses.
The market is growing in recent years due to the increasing popularity of horse ownership and the increasing awareness about the importance of proper nutrition for horses. Factors that are driving the growth of the market include the increasing number of horse shows and competitions, the growing popularity of equestrian sports and the rising disposable income of horse owners.
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Innovation is a key trend in the horse grain feeders market, with manufacturers introducing new and advanced feeders to attract customers. For instance, some manufacturers are now producing feeders that are designed to slow down the eating process for horses, reducing the risk of choking or colic. Additionally, certain feeders are now being designed to be more durable and long-lasting, making them more cost-effective options for horse owners.
The demand for horse feeders is anticipated to increase because of the growing trend of horse breeding and riding as a leisure and sport. People are becoming interested in organic and natural feeding options for their horses. Hence, there are likely to be opportunities for manufacturers to develop horse feeders that are specifically designed to accommodate these types of feed. Moreover, with the advent of technology, manufacturers are trying to develop smart horse grain feeders that can automatically dispense feed, monitor horses’ eating habits and alert owners if there is any issue.
North America is expected to dominate the horse grain feeders market since the market is strongest in the United States and Canada. These countries have a huge population of horse breeders and owners, as well as developed infrastructures for horse breeding and riding. Therefore, many people have high disposable income and are willing to invest in high-quality horse grain feeders.
KEY TAKEAWAYS
- The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.6% through 2033.
- The United States dominated the market in 2022 holding a 30.4% share of the global market.
- In 2022, Japan held a 5.3% market share globally.
- With a CAGR of 6.1% over the forecast period, India is predicted to develop significantly in the market.
- The market in China is expected to proliferate, registering a CAGR of 4.2% over the forecast period.
- Germany accounted for 17.9% of the global market in 2022.
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COMPETITIVE LANDSCAPE
The top manufacturers of the horse grain feeders market are Behlen Country, Tarter, Priefert Manufacturing, IOTTI ZOOTECNIA SRL, Stallion, Polidas, Röwer & Rüb, D P Agri Ltd., SIEPLO and others.
Different strategies have been used by these companies to gain a solid advantage over their rivals. They focus on innovation, improving production, and efficiency, providing exponential customer services, implementing cost-saving measures, differentiating their product and services, and building a strong brand reputation. They have grown their client base and wealth by implementing both organic and inorganic operational initiatives, such as the introduction of novel goods, acquisitions, mergers, corporate modernization, and collaborations.
RECENT DEVELOPMENTS
- In July 2021, the North American Steel Alliance welcomed Priefert Manufacturing as the sole representative firm of the metals buying cooperative.
- In February 2022, to broaden its product portfolio, Behlen Mfg. Co. inked a contract with Freeland Industries, Inc. and Freeland Trucking, Inc. to purchase industrial tank and feeder assets.
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