Market revenue in 2022 | USD 271.8 million |
Market revenue in 2030 | USD 890.5 million |
Growth rate | 16% (CAGR from 2022 to 2030) |
Largest segment | Cattle |
Fastest growing segment | Equine |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Cattle, Poultry, Swine, Equine |
Key market players worldwide | GEA Group AG, Merck & Co Inc, Afimilk, DeLaval, Sensaphone, BouMatic, Dairymaster, Lely, Fullwood Packo, Fancom |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to livestock monitoring market will help companies and investors design strategic landscapes.
Cattle was the largest segment with a revenue share of 44.37% in 2022. Horizon Databook has segmented the Germany livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
Growing animal adoption is expected to fuel the market in Germany. On the basis of German livestock data, the country has the largest dairy cattle herd and the 2nd largest cattle population in the EU. Furthermore, more than 25% of the population is involved in dairy farming, which is anticipated to drive growth of the market in Germany.
According to the International Committee for Animal Recording (ICAR), 50% of the German farms specialize in livestock. In addition, according to the German livestock data, Germany held the largest dairy cattle population as well as the largest livestock population in the EU.
Moreover, as per a survey commissioned by the Industrieverband and Heimtierbedarf (IVH) e.V., 44% of all households in Germany have at least one domestic animal. The production of cattle in the country has been a tradition, and the breeding sector is well-organized. The abovementioned factors are anticipated to drive the German market.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany livestock monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Germany livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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