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Livestock Trailer Market Trends

Report ID: GMI11905 Published Date: October 2024Report Format: PDF
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Livestock Trailer Market Trends

The integration of telematics and GPS tracking in livestock trailers is an emerging market trend. These technologies offer real-time visibility and monitoring of livestock during transit, ensuring animal welfare and regulatory compliance. GPS systems allow farmers and transport companies to track trailer location, temperature, and ventilation conditions, crucial for long-distance animal transportation. This level of transparency improves operational efficiency and reduces risks such as theft or unauthorized deviations.

As telematics become more accessible, the trend is driving the adoption of smart livestock trailers across the global market. For instance, Lucidity partnered with Byrne Trailers to develop an innovative electrical system for their trailers. By integrating external lighting, work lights, hydraulics, and more, Lucidity overcame various challenges to ensure compatibility with new trailer models. This collaboration resulted in a successful first stage of the plug-and-play wiring system, delivering complete kits adaptable to production needs. Byrne Trailers commended the system's ability to offer customers detailed schematics and part identification, significantly improving issue resolution and service efficiency.

A significant restraining factor for the livestock trailer market is the high initial cost of technologically advanced trailers. Many smaller livestock farmers and transport companies, especially in rural or developing areas, find it challenging to invest in expensive trailers with features like GPS tracking, temperature control, and shock absorption systems. This high upfront cost, combined with ongoing maintenance expenses, limits market penetration in cost-sensitive regions. Consequently, adoption of these trailers is slower than anticipated, with many businesses continuing to rely on traditional, less advanced transportation solutions, hindering overall market growth.

Author: Preeti Wadhwani,
Frequently Asked Question(FAQ) :

How big is the livestock trailer market?+

The market size of livestock trailer reached USD 1.5 billion in 2023 and is set to grow at a 3.6% CAGR from 2024 to 2032, driven by increasing emphasis on animal welfare and transport regulations.

What is the size of the cattle segment in the livestock trailer industry?+

The cattle segment was valued at USD 629.8 million in 2023 and is expected to grow significantly, led by global demand for beef and dairy products.

How much of the livestock trailer market did the commercial segment hold in 2023?+

The commercial segment held 70% of the market share in 2023, propelled by the large-scale transportation needs of farming cooperatives, meat processing companies, and dairy farms.

How much is the U.S. livestock trailer industry worth?+

The U.S. market accounted for 76% of the revenue share in 2023, driven by its large-scale livestock farming industry and stringent animal welfare regulations.

Livestock Trailer Market Scope

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