A recent report published by Infinium Global Research on
slaughtering equipment market provides an in-depth analysis of segments and
sub-segments in the global as well as regional slaughtering equipment market.
The study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional slaughtering equipment market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global slaughtering equipment market. According
to the report, the global slaughtering equipment market is projected to grow at
a CAGR of 5.1% over the forecast period of 2019-2025.
The continuously changing food consumption and living habit among
the young and middle-class consumers around the world are helping to grow the demand for the meat-based food and nonfood products as skin, bone and other
products. This, in turn, is helping to grow the demand for the different types
of slaughtering equipment. Further, the growing demand for the automation of
the slaughtering houses to meet the slaughtering criteria of the different
exporting countries is boosting the demand for modern slaughtering equipment.
Several countries or group of nations have their own parameters to import
slaughtered products from other countries, and they need less human
intervention during the processing activities to avoid potential contamination
and hygiene issues. All these incidents forced the exporter to adopt modern
slaughtering technology and equipment to process their living animals. Further,
they also need a third party inspection certificate from the exporters to boost
their confidence in the seller.
The growing influence of urbanization, increasing disposable
income, and demand for different types of luxury products are continuously
boosting the slaughtering equipment demand around the world. Further, the
continuously changing food habits and growing demand of the protein-based food
is motivating the consumers to switch toward meat-based protein product. Now,
people are preferring to use several types of leather for their personal use
for several reasons as long-lasting features, attractive look, etc. However,
the lack of basic infrastructure to support the slaughtering industry,
government regulation is restricting the growth of the market.
Geographically, the slaughtering equipment market is divided into four
regions namely, North America, Europe, the Asia-Pacific, and RoW. North America
is the largest market, owing to the presence of several slaughtering
equipment companies in this region. Further, the presence of several modern
slaughtering houses is providing a conducive environment for the growth of the
slaughtering equipment manufacturers in this region. Europe is the
second-largest market for slaughtering equipment, after North America. The
Asia-Pacific is expected to grow at the highest CAGR during the forecast
period, owing to the continues growing the demand of the animal-based food
product, luxurious items, medicine and other product among the young and middle-class
The report on the global slaughtering equipment market covers segments
such as type, automation, livestock, and process type. On the basis of type,
the sub-markets include stunning, killing, cut-up, deboning and skinning, evisceration,
and other types. On the basis of automation, the sub-markets include fully
automated line, and semi-automated line. On the basis of livestock, the
sub-markets include poultry, swine, bovine, seafood, and other livestock. On
the basis of process type, the sub-markets include line slaughter, batch
slaughter, and small-sized slaughter.
The report provides profiles of the companies in the market such
as MEATEK FOOD MACHINERIES INDIA PVT LTD, Dhopeshwar Engineering Private
Limited, Asena, Industries Riopel Inc, Jarvis Products Corporation, Brower
Equipment, CTB, Inc., Prime Equipment Group Inc, BAYLE SA, and Nordischer
Maschinenbau Rud. Baader GmbH Co. KG.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of slaughtering
equipment market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.