SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Slaughtering Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 412
Companies: 41 - Players covered include Asena Ltd. (Azerbaijan); BANSS Schlacht-und Foerdertechnik GmbH; Bayle S.A; Best & Donovan; Blasau; Brower Equipment; CTB, Inc.; Dhopeshwar Engineering Pvt. Ltd.; Industries Riopel Inc.; Jarvis Equipment Pvt. Ltd.; LIMOS d.o.o. ; Marel; Meatek Food Machineries India Pvt., Ltd.; Prime Equipment Group, Inc.; Rud.Baader GmbH+Co.KG and Others.
Coverage: All major geographies and key segments
Segments: Automation (Semi-automated, Fully Automated); Livestock (Poultry, Swine, Bovine, Seafood, Other Livestocks)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Slaughtering Equipment Market to Reach $8.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Slaughtering Equipment estimated at US$6.7 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2026, growing at a CAGR of 3.1% over the analysis period. Semi-automated, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fully Automated segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Slaughtering Equipment market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 5.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. More
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SOURCE Global Industry Analysts, Inc.