Global Slaughtering Equipment Market 2019-2023
About this market
Rising end-user inclination toward advanced slaughtering equipment is expected to drive growth in the market. Slaughterhouses and other food processing plants use new technologies to become productive, effective, and to enhance welfare. Technavio’s analysts have predicted that the slaughtering equipment market will register a CAGR of close to 5% by 2023.
Increasing number of end-users
Abattoirs and meat and poultry processing plants are key end-users of slaughtering equipment. Therefore, expansions of food processing plants can help vendors of slaughtering equipment in selling more new units.
Stringent regulations for slaughterhouses
Slaughterhouses are among the key end-users of slaughtering equipment. However, they face certain challenges in complying with required regulations.
For the detailed list of factors that will drive and challenge the growth of the slaughtering equipment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including LIMOS and Marel the competitive environment is quite intense. Factors such as the rising end-user inclination toward advanced slaughtering equipment and the increasing number of end-users, will provide considerable growth opportunities to slaughtering equipment manufactures. BAADER, BANSS, BAYLE, LIMOS, and Marel are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Slaughtering Equipment Market 2019-2023
Technavio recognizes the following companies as the key players in the global slaughtering equipment market: BAADER, BANSS, BAYLE, LIMOS, and Marel.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising end-user inclination toward advanced slaughtering equipment.”
According to the report, one of the major drivers for this market is the increasing number of end-users.
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