The estimated value of the global market for Automatic Goat Waterers market is US$ 294 million in 2023 and is anticipated to reach US$ 493 million by 2033. During the forecast period, sales of automatic goat waterers are anticipated to accelerate at a CAGR of 5.3%.
Goats need to have access to enough high-quality water. Farmers need to provide unlimited access to fresh water for goats at all times. The quantity of milk production, the texture of meat, and environmental factors like temperature and relative humidity all affect goats’ water requirements.
Studies show that farmers who use automatic goat waterers and other cutting-edge methods to keep their animals healthy see an improvement in agricultural output. These circumstances have made the adoption of automatic goat waterers important for farmers and livestock managers globally to maintain overall health.
The automatic goat waterer market is also anticipated to be driven by the growing government initiatives and policies in favor of the use of agricultural equipment. These government programs are intended to accelerate the sector’s growth in the goat farming industry. Many governments are providing financial support to big and small farms to help them adopt sustainable agricultural practices.
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Goat meat and dairy products are becoming more and more popular as a result of the expanding population and the increased demand for protein. This is especially true in poorer nations where eating goat meat is considered the norm. Consumers are becoming more aware of the advantages of eating goat products for their health, such as their lower cholesterol and fat content compared to other meats like beef. This has increased demand for goats, particularly among those who are concerned about their health or are dealing with specific medical conditions.
The livestock farming industry is increasingly adopting automation. Manufacturers are creating cutting-edge automated machinery that can increase productivity and lower labor expenses. The use of this equipment is widespread among contemporary farmers. These elements are thus expected to stimulate demand for goat farming equipment including automatic waterers.
The automatic goat waterer market is dominated by North America in terms of revenue, followed by Europe. Increasing agricultural equipment consumption and the existence of significant market participants are expected to benefit the North American and European markets.
KEY TAKEAWAYS
- The market in the United Kingdom is anticipated to grow at a CAGR of 7%through 2033.
- The United States dominated the market in 2022 holding a 30.2%share of the global market.
- In 2022, Japan held a 8%market share globally.
- With a CAGR of 2%over the forecast period, India is predicted to grow rapidly in the market.
- The market in China is expected to grow at a CAGR of 2%over the forecast period.
- Germany accounted for 1%of the global market in 2022.
COMPETITIVE LANDSCAPE
The top manufacturers of the automatic goat waterer market are StoutAgri, OK PLAST, LA BUVETTE, Ritchie, MS Schippers, Priefert, Lister, Suevia, Holland Animal Care, BEISER ENVIRONNEMENT and others.
Different strategies have been used by these companies to gain a solid advantage over their rivals. 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.
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RECENT DEVELOPMENTS
In April 2022, OK PLAST established its first plastic recycling facility in Kinshasa. The recycling facility in Kinshasa has a daily capacity of 50 tons and a stock of 5,000 tons of crushed bottles. Used plastic bottles are converted into various instruments in different sizes.
In September 2018, MS Schippers made an investment in two brand-new HyCare research centers. HyCare, a comprehensive idea for proper hygiene and care, is to be used, and new, creative goods are to be created.
Automatic Goat Waterer Market Segmentation
By Material:
- Plastic
- Steel
- Cast Iron
By Application:
- Small Farm
- Large Farm
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa
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