DUBLIN--(BUSINESS WIRE)--The "Slaughtering Equipment Market by Type (Stunning, Killing, Cut-up, Deboning & Skinning, Evisceration), Livestock (Poultry, Swine, Bovine, Seafood), Automation (Fully Automated, Semi-automated), Process Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The slaughtering equipment market is projected to reach USD 8.28 Billion by 2023 from USD 6.62 Billion in 2018, growing at a CAGR of 4.56%.
One of the primary factors that drive the market is the growth of fast food and restaurant chains. The growth in demand for processed food in bulk quantities resulted in slaughtering equipment manufacturers increasing their production capacity and reducing delivery time, thereby driving the growth of the slaughtering equipment market.
One of the major restraining factors for the slaughtering equipment market is market consolidation, which has been an issue in the last two decades. Globally, leading slaughterhouses process a large number of livestock owing to their high production capacity slaughtering equipment; this results in low cost of production per unit when compared to the small and local slaughterhouses.
Consequently, due to high price competitiveness, the number of small and local slaughterhouses are decreasing whereas leading players have been expanding their presence and production capacity to meet the increasing demand for meat.
The fully-automated line segment is projected to grow at a higher CAGR during the forecast period. The fully automated line of operation allows slaughterhouses to produce mass high-quality meat with high speed. A majority of the new slaughterhouses are installing fully automated slaughtering lines with advanced equipment to meet the consumer demand globally.
- Growth of Fast Food and Restaurant Chains
- Technological Advancements in the Slaughtering Equipment Industry
- Increase in Demand for Processed Meat
- Lenient Trade Policies and Increase in Meat Exports
- Market Consolidation
- Growth Opportunities in Developing Markets
- Slaughterhouse Upgradation With Advanced Slaughtering Equipment
- High Capital Investments & Infrastructural Challenges
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Slaughtering Equipment Market, By Type
7 Slaughtering Equipment Market, By Automation
8 Slaughtering Equipment Market, By Livestock
9 Slaughtering Equipment Market, By Process Type
10 Slaughtering Equipment Market, By Region
11 Competitive Landscape
12 Company Profiles
- Baader Group
- Bayle SA
- Best & Donovan
- Brower Equipment
- Dhopeshwar Engineering Private Limited
- Industries Riopel
- Jarvis Equipment
- Meatek Food Machineries
- Prime Equipment Group
For more information about this report visit https://www.researchandmarkets.com/research/zgn8kj/global_8_28_bn?w=4