During the anticipated period, the hydraulic squeeze chute market is anticipated to grow at a 5.5% CAGR. Sales of hydraulic squeeze chutes are projected to total US$ 13,449 million in 2023 and US$ 22,973 million in 2033.
As they help farmers and ranchers handle their animals more effectively and efficiently, hydraulic squeeze chute sales are rising as a result of the higher output they produce. By managing more animals in less time, farmers’ and ranchers’ productivity and profitability can increase. The use of hydraulic squeeze chutes can be financially advantageous because it reduces labour costs, reduces the possibility of animal harm, and enhances animal security and production. This could ultimately lead to lower operating costs.
To create new and improved hydraulic squeeze chutes that are more effective, convenient to use, and capable of improving animal welfare, manufacturers in this market are investing in research and development. This factor is likely to propel market growth and boost the agriculture sector’s productivity. In response to the growing need for humane animal handling in the agricultural sector, governments are creating legislation and recommendations to promote the adoption of animal-friendly technology like hydraulic squeeze chutes.
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The global market is likely to be driven by an increase in the use of hydraulic squeeze chutes in emerging nations like Asia Pacific and Africa, where the population is growing and there is a significant need for food production. Animal welfare is a top concern for many American farmers and ranchers, who also spend money on hydraulic squeeze chutes that provide better animal handling and care. The United States has one of the world’s greatest economies, and the country is home to many huge farms and ranches, which generates demand for hydraulic squeeze chutes.
Key Takeaways from the Hydraulic Squeeze Chute Market:
· The livestock sector category accounts for 45% of the market. However, the private farm category is expected to grow at a 21% CAGR throughout the projection period.
· The United States accounts for 28.5% of global hydraulic squeeze chute revenue. The hydraulic squeeze chute market in the United States is expected to be worth $3,631.2 million by 2033.
· The hydraulic squeeze chutes industry in the United Kingdom is expected to grow at a 5.9% CAGR and reach a value of US$ 2215.3 million during the forecast period.
· China now holds an 8.5% market share in the hydraulic squeeze chute sector. During the forecast period, the market is expected to grow at a stable CAGR of 4.4%.
· Japan is one of the most profitable hydraulic squeeze chute sectors, with a 5% revenue growth rate and a predicted value of $558.4 million.
Who is Winning?
Companies in this market regularly launch cutting-edge new products to meet the demands of farmers, ranchers, and feedlot owners. Manufacturers are developing hydraulic squeeze chutes to lessen handling-related stress and harm to animals. Many contemporary chutes include features like cushioned sides and flooring that increase animal comfort and reduce injuries.
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Recent Developments in the Market:
· Clipex introduced the “Portable Squeeze Crush,” which is lightweight and easy to transport around, as well as simple to put up and dismantle, making it ideal for farmers who need to move their chutes across the farm regularly.
· Alleys Fabrication & Machine LLC. introduced the “Adjusta-Chute hydraulic squeeze chute,” which can be altered to fit animals of various sizes and kinds.
Arrowquip has introduced the “900 Series Multi-Functional Squeeze Chute,” which includes extra instruments for weighing, measuring, and delivering medication to animals.
Key Segments Profiled in the Hydraulic Squeeze Chute Market Survey
- Livestock Industry
- Private Farm
- North America
- Latin America
- Asia Pacific
- The Middle East and Asia (MEA)
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