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Asian pacific Sheep Shearing Equipment Market was valued at US$ 91.4 Million by 2033

01-25-2023 03:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Sheep Shearing Equipment Market

Sheep Shearing Equipment Market

The global sheep shearing equipment market was valued at US$ 755.8 Mn in 2022. The market is expected to develop from US$ 780 Mn in 2023 to US$ 1,069 Mn by 2033, registering a CAGR of 3.2% over the forecast period.

Shearing machinery is used on farms to cut or remove wool from sheep's bodies. The exceptional qualities of this equipment have increased demand. The need for sheep shearing equipment is growing since regular shearing is necessary to keep animals clean. Sheep have a range of problems if they go for a long time without being sheared.

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An increasing population and greater urbanization are two factors contributing to the expansion of the wool industry. As a result, sheep shearing equipment adoption has grown. Knitting technology advancements throughout the years have had a significant impact on the wool industry. 

One of the major reasons propelling the market for sheep shearing equipment is the rising textile industry. The robust growth of the textile sector is driving up the need for sheep shearing equipment. The increased demand for fine and premium wool in the textile sector is predicted to favor the advancement of the global market for sheep shearing equipment.

The substantial development of the animal farming industry is another factor boosting the market's potential. The market is therefore being driven ahead by the rapid rate of technology and the rising need for the mechanization of sheep shearing processes.

The goal of manufacturers is to reduce the present price of equipment, thus they continue to give great emphasis to R&D projects and improvements in shearing equipment production. To increase sales of sheep shearing equipment, manufacturers are focusing on expanding their product line as well.

The market for sheep shearing equipment is predicted to be dominated by North America. The North American market is anticipated to be opened up by powerful market players operating in the region.

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KEY TAKEAWAYS

The market for sheep shearing equipment in the United Kingdom is anticipated to grow at a CAGR of 3.4% through 2033.
The US dominated the sheep shearing equipment market in 2022 holding a 30.5% share of the global market.
With a CAGR of 3.8% over the forecast period, India is predicted to grow rapidly in the market for sheep shearing equipment by 2033.
The sheep shearing equipment market in China is expected to grow at a CAGR of 2.6% over the forecast period.
Germany accounted for 16.1% of the global sheep shearing equipment market in 2022.

COMPETITIVE LANDSCAPE

The top manufacturers of the sheep shearing equipment market are Horner Shearing, Welsh Shearing Equipment, Lister Shearing Equipment Limited, NATIONAL MEDITEK, Albert Kerbl GmbH, Heiniger, Tulsan, Sheep Shears Pro, BIHOO, Pet & Livestock HQ and others.

These companies have used a variety of tactics to strengthen their position in the worldwide sheep shearing equipment market. They have used both organic and inorganic development techniques, such as the launch of new goods, purchases, corporate expansions, and partnerships, to increase their clientele and revenue.

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RECENT DEVELOPMENT

In November 2020, Aesculap Suhl GmbH is replaced by Albert Kerbl GmbH in the clipping machine industry. The business of "clippers and hair-cutting machines for small and big animals" will be transferred from Aesculap Suhl GmbH to Aesculap Schermaschinen GmbH, a recently established division of Albert Kerbl GmbH.

Sheep Shearing Equipment Market Segmentation

By Product Type:

Electric
Hand Sheep Shears

By Material:

Aluminum
Metal
Plastic
Stainless Steel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa

Read Other Reports:

Chicken Plucking Machine Market: https://www.futuremarketinsights.com/reports/chicken-plucker-machine-market

Poultry Keeping Machinery Market: https://www.futuremarketinsights.com/reports/poultry-keeping-machinery-market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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