By 2033, the industry is expected to consistently expand at a 6.5% CAGR. According to FMI, the livestock panel gates market is expected to grow its revenue share from USD 9,870 million in 2023 to USD 18,527 million by 2033.
Demand for livestock panel gates is expanding due to the rising demand from farmers, ranchers, and owners of animals for panel gates. Additionally, the value of the share is increasing as farmers and livestock owners become conscious of the safety and comfort of their animals.
| Attributes | Details |
|---|---|
| Livestock Panel Gates Market CAGR (2023 to 2033) | 6.5% |
| Livestock Panel Gates Market Size (2023) | USD 9,870 million |
| Livestock Panel Gates Market Size (2033) | USD 18,527 million |
Explore FMI!
Book a free demo
The market is expanding as a result of consumers' growing preference for livestock panel gates over conventional fencing systems.
When compared to the 5.8% CAGR recorded between 2016 and 2022, the livestock panel gates industry is predicted to expand at a 6.5% CAGR between 2023 and 2033. The average growth of the market is expected to be around 1.06x between 2022 and 2023.
| Market Statistics | Details |
|---|---|
| Market Share (2016) | USD 6,600.4 million |
| Market Share (2021) | USD 8,757.9 million |
| Market Share (2022) | USD 9,267.6 million |
Short-term Growth (2023 to 2026): the increased adoption of livestock panel gates in the agriculture sector leads to overall market growth in the short run.
Medium-term Growth (2027 to 2029): the need for safe surroundings for the animals and growing attention to animal welfare have increased demand for the panels.
Long-term Growth (2030 to 2033): long-term market growth is anticipated to be accelerated by the use of cutting-edge technology like automated gates, which offer improved control over animal movements.
The rising need for creative, automated gate solutions and the expanding use of smart gate technologies are two leading market trends. These are proved to be favorable for global market share.
Key players in the industry come up with new technologies to have a stronghold in the market. One of the key changes in technology is mobile app management.
Farmers are able to obtain information more quickly and conveniently due to the introduction of mobile apps in the livestock panel gates industry.
Livestock panel gates popularity is reaching heights, as mobile apps can give farmers immediate access to data about daily feed intake, and medical history. They may also offer guidance on how to use the gates to their greatest advantage, as well as crucial information about animal nutrition, health, and welfare.
Mobile apps can also assist farmers in inventory management and financial management, enabling them to make better decisions and increase productivity. Additionally, mobile apps can give farmers access to the most recent industry news and updates, enabling them to stay informed and seize new possibilities.
With a market share of 30.3% and a value of USD 2,810.9 million in 2022, the USA dominated the market. Several trends arise as individuals, companies, and manufacturers place a greater emphasis on sustainable materials, and the cost of living crisis looms larger.
A few changes are coming to the livestock panel gates sector in the USA, including stronger fences and eco-friendly finishes. The USA market is expected to increase due to the rising spending on animal husbandry and cutting-edge technology utilization in livestock management.
| Attributes | Statistics |
|---|---|
| United Kingdom Market Value 2022 | USD 869.9 million |
| United Kingdom Market Value 2033 | USD 1,707.1 million |
| United Kingdom Market Share (2023 to 2033) | 9.4% |
| United Kingdom Market CAGR (2023 to 2033) | 7% |
As part of its efforts to improve animal welfare, the United Kingdom government has also put rules into place that have promoted the use of livestock panel gates. Further increasing demand for these gates is the move toward larger-scale farming operations.
Manufacturers are investing in new production techniques and technology due to the increasing demand, giving farmers and ranchers access to a greater selection of possibilities. Additionally, companies now have an easier time finding the ideal gate for their purposes due to the availability of online purchasing.
| Country | China |
|---|---|
| Market Share (2022) | 8.7% |
| CAGR (2023 to 2033) | 5.2% |
| Market Value (2022) | USD 803.74 million |
| Market Value (2033) | USD 1,335.7 million |
| Country | India |
|---|---|
| Market Share (2022) | 3.7% |
| CAGR (2023 to 2033) | 7.6% |
| Market Value (2022) | USD 340.4 million |
| Market Value (2033) | USD 710.4 million |
To capitalize on the rising demand in China, businesses with experience producing livestock panel gates for the global market are well-positioned. Businesses concentrate on creating cutting-edge product designs that are specifically catered to Chinese consumers.
Companies are thinking about investing in marketing and distribution strategies that help them reach more potential customers, in addition to product development. To do this, customers can be targeted via digital marketing tools like social media and search engine marketing.
Trade exhibitions and other events can be used by businesses to promote their goods and create connections with important clients in the industry.
Over the past few years, the adoption of livestock panel gates has grown significantly in India. This can be ascribed to the rise in backyard farming and animal husbandry. The country's rising demand for livestock panel gates is due to their simplicity in installation and maintenance.
The increase in consumer disposable income has been a key factor in the market's increased demand. The government's attempts to support animal husbandry have also contributed to the rise in the popularity of these goods. The market is therefore anticipated to maintain its upward growth trajectory in the upcoming years.
The Japanese livestock panel gates sector is a developing industry with lots of potential for new initiatives. With a share of 5.1% and a value of USD 475.1 million in 2022, Japan shows a significant growth in the market.
The following are some possible strategies that could be undertaken in this market.
With a share of 2.6% and a value of USD 243.1 million in 2022, Australia shows a significant growth in the market. Initiatives taken by the Australian government to encourage the demand for livestock panel gates include offering subsidies and grants.
The market is anticipated to increase as consumers' interest in natural and organic products and their concern for animal welfare grow. However, it is projected that the high cost of installation and maintenance for livestock panel gates may in some ways restrain the market growth. Additionally, it is projected that the lack of product awareness in some rural areas can constrain market growth.
A novel self-closing livestock panel gate that can be remotely opened and closed using a smartphone or tablet has been created by an Australian business. The system is made to speed up the process of opening and closing gates, while also adding a higher level of protection.
In terms of application, the market's dominating segment is projected to be the livestock industry segment. The livestock industry's increasing need for a professional and skilled workforce is projected to provide the profitable potential for market expansion.
The expanding trend of animal nutrition and the rising demand for high-quality animal feed are also anticipated to boost the global market growth.
The livestock panel gates sector is dominated by heavy-duty panel gates. These gates can support the weight of huge animals and are built to resist heavy and regular use. They are built of materials with excellent strength and are intended to last for many years.
They often come with a powder coating for added defense against the weather and come in a range of colors, which makes it an attractive option for consumers. To make installation and handling simpler, manufacturers include a variety of accessories like gate locks, hinges, and guide rails.
How New-entrants Benefit the Livestock Panel Gates Manufacturers?
During the forecast period, start-ups in the livestock panel gates business are seeing fresh opportunities in the industry. This is a result of farmers and ranchers looking for more affordable alternatives to conventional fence systems, increasing their demand for livestock panel gates.
It is becoming simpler for business owners to enter the market due to the increase in livestock panel gate producers and distributors. Recently, start-ups are entering the market with innovative products. Key start-ups that are now on the market include:
In recent years, there has been a lot of innovation in the livestock panel gates industry. To improve the efficiency and dependability of their products, manufacturers are investing in innovative technology.
These include enhanced materials and design elements that make the gates more enduring and simple to install, as well as security features like automatic locking mechanisms and sensors.
Livestock panel gate producers are spending money on research and development to develop innovative gate designs that are suited to the needs of particular animals. Included in this are gates with adjustable widths, heights, and other customizing choices. Finally, some manufacturers are now providing wireless solutions that let farmers watch and manage the gates from a distance.
Notable Developments in the Industry:
North America is anticipated to account for 30.3% of the global market in 2023.
Asia Pacific is expected to be valued at USD 18,527 million by 2033.
India is expected to grow at an exponential rate, with an 8.5% CAGR.
The increasing need for livestock farming and awareness about animal welfare.
The growing demand for automated, customized, and long-lasting gates.
Livestock Panel Gates Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
