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Animal Transportation Market Report Overview
The global Animal Transportation Market size was USD 131.2 million in 2021 & the market is expected to reach USD 175.22 million in 2031, exhibiting a CAGR of 2.9% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with Animal Transportation Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Pet transport software is created with an eye on the actual needs of the service, without handling any specifics. To ensure that pet owners' animals are transported securely and safely, businesses are using a variety of technology advancements. As an illustration, Unisys, one of the top information and technology firms, recently debuted its Digistics suite, which provides logistic solutions with Digi-pet, a system of apps and sensors to monitor the security of animals during air travel. With automated notifications, voice chat, and live video streaming, the Digi-pet smartphone app links animals in airport cargo holds to their vendors. Making travel less stressful for both anxious animals and their distressed owners is the goal.
Due to the rising penetration of the food & hospitality sectors, the need for meat, beef, poultry, and dairy products is pushing safe animal transportation. The suppliers in the animal logistics sector are responsible for ensuring the health and safety of animals while in transit. The processing and transportation of killed animals involves a number of stressful situations for the animals, which compromises welfare and meat quality. In order to ensure the transportation of healthy livestock, it is necessary to develop an efficient logistics system that takes into account factors such as weather, time and transport distance, road and traffic conditions, and delivery queues. It also needs to provide enough space, ventilation, and food during transit.
COVID-19 Impact: COVID-19 Outbreaks has Hampered The Market Growth
The world market for animal logistics has suffered because of the COVID-19 epidemic. The overall expansion of the animal logistics sector has been constrained by the sharp decline in local and international travel as well as an increase in flight cancellations. Additionally, it is anticipated that the fall in meat market demand would result in the closure of several live animal (slaughtered animals) marketplaces owing to disruptions in logistics channels, which will negatively impact the expansion of the animal logistics business. The likelihood that slaughterhouses will become a source of the coronavirus is increasing, consumers are avoiding meat purchases, thus it is anticipated that the income of animal transporters would decline. Additionally, because of the COVID-19 epidemic, pet owners refrain from transporting their animals, which is predicted to negatively impact the expansion of the animal logistics business.
Latest Trends
"Animal Transportation Using Blockchain Logistics System Propel The Market"
New technologies are being used by businesses in the animal logistics sector to increase productivity and lower transportation costs. One example of these technologies is the blockchain logistics system. A distributed ledger technology called blockchain can safely and permanently record business transactions. By'sharing' databases amongst many parties, blockchain effectively eliminates the need for middlemen who were previously necessary to function as trusted third parties to verify, record, and coordinate transactions. The industry of animal logistics will become more transparent and effective as a result of the implementation of blockchain. In order to make the industry function smoothly, the system may easily employ technology to simplify transportation, checkout, and transportation aspects. Applications of blockchain in logistics can be advantageous from an energy, financial, and environmental standpoint. Blockchain can also save costs by facilitating faster, more automated, and error-free procedures. It can speed up the physical movement of animals as well as make logistical processes more visible and predictable. Blockchain technology's use in the animal logistics sector is anticipated to have a big impact. In the upcoming years, the market expansion will be driven by the increasing usage of these cutting-edge technologies, which will enable more coordinated operations.
Animal Transportation Market Segmentation
- By Type Analysis
According to type, the market can be segmented into Personal, Commercial. Personal is anticipated to be the largest segment.
- By Application Analysis
Based on application, the market can be divided into Livestock, Pets, Others. Livestock will be the dominating segment.
Driving Factors
"An Increase In Demand For Pet Transportation Services For Events"
One of the key factors driving the growth of the pet transport service market is the increasing demand for professional event logistics services. Supply chain management, upscale event logistics, and value-added services including packing, selection, and transfer of pet care goods are all examples of logistics services. Since event logistics services offer justifications to lessen the management issues connected with outsourcing a variety of duties, it is projected that the market for pet transport services would grow dramatically. hence fueling the need for pet transportation services.
"Rising Demand For Animals From Slaughterhouses And The Dairy Sector Is The Main Element Driving The Market For Animal Transportation"
The demand for livestock in slaughterhouses and the dairy sector is being driven by the rise in meat, beef, poultry, and dairy product consumption throughout the world in recent years. As a result, the need for safe animal transportation is increasing, which is helping the worldwide animal transportation market develop. A further factor supporting rising meat consumption is the expansion of the restaurant and hotel industries.
Restraining Factors
"Stringent Guidelines For Animal Transportation To Limit Growth"
Numerous potential stresses associated with transportation might harm animal health and thus lower the quality of the end product. Animals' conditions are affected by their exposure to new and odd environments during transit, including mobility limits, strange noises, vibrations from the vehicle, mixing with other animals, and frequently, restrictions on water and food. As a result, several rules are being implemented by European nations to end the traffic in live animals and to minimise animal deaths in transit, which might further impede market expansion.
Animal Transportation Market Regional Insights
"North America Is The Fastest-Growing Region"
The market for pet travel services worldwide was headed by North America in 2022, when it recorded the highest revenue share of almost 37%. This percentage can be explained by the rising cost of pets and the presence of a sizable pet population. Additionally, a significant number of cutting-edge and practical pet travel services provided by several regional providers are further fostering the market's expansion. For instance, more than 50 pet travel companies are registered with the International Pet and Animal Transportation Association (IPATA) in the United States and Canada.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP ANIMAL TRANSPORTATION COMPANIES
- American Airlines
- Delta Air Lines
- United Airlines
- FedEx
- Amerijet
- Southwest Airlines
- DSV
- Air France
- IAG Cargo
- Lan Cargo S.A.
- Copa Airlines
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 131.2 Million in 2021 |
Market Size Value By |
US$ 175.22 Million by 2031 |
Growth Rate |
CAGR of 2.9% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the global Animal Transportation Market expected to touch by 2031?
The global Animal Transportation Market is expected to touch USD 175.22 million in 2031.
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What CAGR is the Animal Transportation market expected to exhibit during 2022-2031?
The Animal Transportation market is expected to exhibit a CAGR of 2.9% over 2022-2031.
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Which are the driving factors of the Animal Transportation market?
Rising Demand For Animals From Slaughterhouses And The Dairy Sector Is The Main Element Driving The Market For Animal Transportation
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Which are the top companies operating in the Animal Transportation market?
American Airlines, Delta Air Lines, United Airlines, FedEx, Amerijet, Southwest Airlines, DSV, Air France, IAG Cargo, Lan Cargo S.A., Copa Airlines,