Livestock Transportation Market: 30% of growth coming from Asia Pacific, livestock segment will be important for revenue generation – Technavio – Yahoo Finance | Region & Cash

NEW YORK, July 22, 2022 /PRNewswire/ — The animal transportation market estimates a market value of $403.39 million from 2020 to 2025 according to Technavio’s latest report. In addition, the report predicts that the market will progress at a CAGR of 3.87%. 30% of market growth will come from APAC during the forecast period. Increasing demand for various animal products such as milk, meat, fur, leather and eggs will boost the growth of the animal transportation market in North America during the forecast period

Technavio has announced its latest market research report titled Global Animal Transportation Market by Type and Geography – Forecast and Analysis – 2021-2025

Technavio has announced its latest market research report titled Global Animal Transportation Market by Type and Geography – Forecast and Analysis – 2021-2025

Further highlights of the regional segment – Request a sample now!

Animal Transport Market: Segmentation Analysis

The market research report segments the animal transport market by Type (livestock, pets and others) and Geography (North AmericaAPAC, Europe, South Americaand MEA).

  • Revenue-generating segment – That livestock segment will be important for revenue generation. The livestock segment includes animals such as horses, sheep, camels, pigs, goats, cattle and poultry. Livestock are transported around the world for slaughter, breed fairs, cattle shows, auctions and domestication. The global livestock transportation market is expected to see significant growth due to the growth of the global dairy market.

  • To know the market contribution of each segment – Click now!

Animal transport market: main driver

  • The key factor for the animal transport market is the increased demand for animals from slaughterhouses and the dairy industry.

  • The increase in global consumption of meat, beef, poultry and dairy products in recent years is driving demand for livestock in slaughterhouses and the dairy industry. This, in turn, is driving the demand for safe animal transportation and thus positively impacting the growth of the global animal transportation market. In addition, increasing meat consumption is being fueled by increasing penetration of the food and hospitality sector. As a result, export growth in 2019-20 is expected to come from the US, Australia, Argentinaand the EU, while imports are expected to increase China, Vietnam, Saudi Arabia, and the Republic of Korea. The countries with the highest meat consumption also include the USA, China, Argentina, Vietnam, Saudi Arabia, Brazil, Mexico, Russiaand Japan.

Animal transport market: Important trends

  • The adoption of blockchain technology in the logistics industry is another factor that is supporting the growth of the animal transportation market over the forecast period.

  • The acceptance of blockchains in the logistics industry is steadily increasing. Additionally, the blockchain technology market in the transportation and logistics industry is being driven by the increasing use of blockchain technology for trucking. Additionally, other factors such as the booming e-commerce industry are expected to trigger the growth of the blockchain technology market in the transportation and logistics industry, which is set to register a CAGR of almost 54% during the forecast period. It is estimated that 15% to 20% of total transportation costs are spent on document processing and administrative processes; However, by using blockchain technology, such overhead costs can be reduced. For example, blockchain technology can transmit information about the health of the animal during transport to all parties involved in the animal transport supply chain through a single document.

To learn more about other drivers and trends – Get a sample now!

Get ready to achieve great business results with this exclusive offer Animal transport market Report by Technavio. The report will include highlights of the overall market including FAQs such as:

  • What are historical sales figures and estimated sales figures and CAGR during the forecast period?

  • What is the current trend in the market?

  • Which business tactics will influence competitive scenarios and define the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting the demand and growth of the market?

  • Which regions and segments will generate massive sales and become market leaders in the coming years?

The competitive scenario in the Animal transport market report analyses, evaluates and positions companies based on various performance indicators. Some of the factors considered for this analysis include financial performance of companies in recent years, growth strategies, product innovation, new product launches, investments, market share growth, etc. Don’t wait, strategize and increase your business goals with our Animal Transport Market Forecast Report – Buy now!

Related reports:

Scope of the animal transport market

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 3.87%

Market growth 2021-2025

$403.39 million

market structure

fragmented

YoY Growth (%)

1.87

Regional Analysis

North America, APAC, Europe, South America and MEA

make a market contribution

APAC at 30%

Important consumer countries

USA, China, UK, Germany and Brazil

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

American Airlines Group Inc., Amerijet International Inc., Deutsche Lufthansa AG, DSV Panalpina A\S, EMO Trans Inc., FedEx Corp., GRADLYN Petshipping, HERFURTH GROUP, International Consolidated Airlines Group SA and United Parcel Service Inc.

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market Condition Analysis for Forecast Period,

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Type

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies from 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

contacts

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

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SOURCE Technavio

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