Europe Animal Transportation Market
Europe Animal Transportation Market Value Set to Cross USD 481 million by 2028
Published | 03 October 2022
Europe animal transportation market is flourishing due to the spurring demand from the region’s thriving dairy and farming sectors for transporting farm animals for slaughter, breeding, and fattening.
BlueWeave Consulting (BWC), a leading strategic consulting and market research firm, in its recent study, forecasts Europe animal transportation market size to grow at a CAGR of 5.4% between 2022 and 2028 (forecast period), reaching a value of USD 481.35 million by 2028. The growing dairy and farming sectors around Europe are expected to boost the market growth. Rapid urbanization, increased demand for animal protein, and rising pet adoption rates are expected to aid market growth in the coming years. Animals are transported across borders for slaughter, breeding, and fattening. When compared to other parts of the world, European animal production standards are exceptionally high. As a result, the export of European animals may increase in the coming years. To gain global prominence, key players are actively investing in innovative technologies and upgrading their existing systems and devices to provide greater convenience to animals while transporting.
Europe Animal Transportation Market
Agri and Dairy Industries’ Increasing Reliance on Animal Transportations
Several industry verticals around the world, particularly in Europe, rely heavily on animal transportation. Transportation utilization is higher in sectors such as farming and dairy, which will help in the growth of Europe animal transportation market in the coming years. Increased pet adoption around the world will have a significant impact on market growth soon. Several locations in Europe have much higher levels of animal transportation than others. Furthermore, international transportation of rare breeds of animals will have a significant impact on the market growth. The presence of multiple large-scale businesses will help the total market grow in the future years. Increasing investments in the creation of efficient products will also aid market expansion.
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Impact of COVID-19 on Europe Animal Transportation Market
Covid-19 pandemic hampered the expansion of various commercial sectors around the world. With the rapid spread in infections, governments in several countries enacted severe measures in the hopes of reducing the virus's impact. Social distancing methods and lockdowns were used all around the world as part of these measures. In recent years, international travel limitations had a negative influence on the Europe animal transportation sector. Increased Covid-19 instances in countries, such as the United Kingdom and Italy, affected Europe animal transportation market growth.
Europe Animal Transportation Market - Regional Analysis
Currently, France is a major country in Europe animal transportation market, and it is expected to continue its dominance in the market during the period in analysis. The France animal transportation market is expected to be driven by an increase in the number of pet animals and increased concerns about pet transportation. Furthermore, as France's live animal production standards are higher than those in other countries of Europe, demand for France's live animals is expected to rise in the coming years, boosting Europe animal transportation market growth.
Germany is expected to hold a decent market share. Meat processing is a significant sector in Germany. According to the Federal Statistical Office (FO), the meat processing industry generated roughly USD 47.5 billion in revenue in 2019, and German enterprises produced about 8 million tons of meat. The country's growth momentum is being driven by the developing meat processing sector and rising regional farm animal transportation, such as from farm to slaughterhouses or farm to fattening locations.
Prominent players in Europe animal transportation market include United Parcel Service (UPS), FedEx, Gradlyn GmbH, American Emo Trans., American Airlines, Amerijet International Inc., DSv Panalpina A/S, IAG Cargo, PBS Pet Travel, Air France, Starwood Animal Transport, Happy Tails Travel Inc., Airpets, and Pet Oasis. Major players, such as FedEx and Air France are proactively bolstering their market positions by acquiring specialized market players. Furthermore, incumbent firms are aware of their market placement due to the introduction of new players and severe competition in the market. To gain a competitive advantage in Europe animal transportation market, they are now pursuing mergers and acquisitions as well as partnerships.
FedEx purchased TNT, a freight airline that primarily flies charter flights to European locations. The two companies consolidated their activities and are working together with Icelandair Cargo to grow their operations in Iceland. Such partnerships and acquisitions will help the corporation expand its passenger and animal transportation operations.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Animal Transportation. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Animal Transportation and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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