Mixer Wagons Market Size, Share, Growth, and Industry Growth, By Type (Capacity: Below 10 M3, Capacity: 10-25 M3, and Capacity: Above25 M3), By Application (Cattle and Sheep), Regional Forecast By 2031

Updated On: 15 April 2024

Mixer Wagons Market Report Overview

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The global mixer wagons market size was USD 751.43 million in 2021, as per our research, the market is projected to touch USD 1,190.33 million in 2031, exhibiting a CAGR of 4.64% during the forecast period.

 The global COVID-19 pandemic has been unprecedented and staggering, with mixer wagons experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A machine used to accurately mix, weigh, and distribute the total mixed ration for the farm animals is called a mixer wagon. Mixer wagons are also called diet feeders. In feed mills and farms, premixes and feed ingredients are combined with a feed mixer. This mixer is common in wealthy nations like North America and Europe. Due to its adaptability, which appropriately combines the feed ingredients, it has grown to be a crucial piece of equipment for livestock and dairy farmers, resulting in high-quality feed for animal nutrition.

A significant trend in the feeding machine sector is technological advancement. It offers creative methods for determining the nutritional value of unprocessed feeds and the caliber of finished feed products. The precise control system also aids in proactive precision feeding, which regulates the feed's long-term nutritional value. In the end, this is increasing the market share.

COVID-19 Impact: Higher Demand and Lower Supply Hampered Market Growth

The COVID-19 pandemic has had a negligible impact on the world market. It has complicated the global transportation of mixers and feeding supplies. Feed consumption has considerably decreased on a global scale. Multiple secondary sources, including the OECD, FAO, and others, have indicated an almost 5% decrease in the demand for animal feed in Vietnam, the Philippines, Malaysia, and other countries. In nations like India and China, where a partial lockdown in the manufacturing and supply industries was implemented in the first quarter of 2020, the supply of wagons to attach with mixers has also been impacted.

However, to avoid a shortage of nutrient-rich cattle, governments all over the world are resuming industrial operations to save the economy from tanking, particularly in the mixer wagons market.

LATEST TRENDS

"Accelerating Demand for High-Quality Animal Feed to Propel Market Growth"

The farmers demand high-quality food for their animals. For a high-quality animal feed to be produced, good and healthy cattle are a requirement. By boosting the output capability of feeding mixers, this can be accomplished. Additionally, the desire for fluffy and appetizing rations, especially high-quality animal feed, is driving up the demand for these mixers in farms and feeding factories. Intensive food production techniques today have also seen a notable improvement in feed quality. It is believed that this is because these mixers aid in correctly blending the components, giving animals the nutrients they need. Additionally, producers are concentrating on creating total mixed ration (TMR) mixers that can combine a variety of feeds.

Mixer Wagons Market Segmentation

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• By Type Analysis

By type, the market is segmented into capacity: below 10 m3, capacity: 10-25 m3, and capacity: above 25 m3.

• By Application Analysis

Based on application, the market is classified into cattle and sheep.

DRIVING FACTORS

"Accelerating Focus On Automatic Equipment to Fuel Product Demand"

On the basis of variables such as feed mixing technology, automated feeding systems, machine innovation, precision feed measurement systems, and after-sales services, prominent competitors are vying for market share. These elements are regarded as significant marketable product offerings. The mixer wagons manufacturers are concentrating on silage technology, unloading technology, and other technologies to assist dairy farmers looking to the future in managing their farms by obtaining quantifiable cost reductions and ultimately maximizing productivity. Along with the growing demand for innovation and technical improvement, there is also a growing need to deploy better technology to speed up food production.

"Rising Number of Animals to Augment Market Growth"

The number of live animal sales is forecasted to create various growth opportunities for the market. The major demand for the product has been registered from farms and ranches. In developing countries, farmers are converting their land into wildlife ranches to fulfil the increasing demand for live animals. The growing number of animals need equipment to mix the food and save time, eventually boosting the mixer wagons market growth. 

RESTRAINING FACTORS

"Elevated Cost of the Product to Resist Small-Scale Farmers from Adopting the Equipment "

Feed factories with high roof spaces and medium- and large-scale agricultural areas are two examples of places where feed mixers are particularly well suited. Numerous livestock is kept in these facilities. Installing TMR mixers, which demand significant maintenance costs and specialized workers to handle the feed mixing process, becomes a difficult challenge for small farm owners. Additionally, small-scale farmers find it challenging to invest significant sums during the initial phases and pay maintenance fees, which would negatively impact the market. These factors are projected to retard the mixer wagons market growth.

Mixer Wagons Market Regional Insights

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"North America to Dominate the Market Due to the Growing Animal Health Awareness"

North America is estimated to hold a major part of the mixer wagons market share attributable to the rising awareness about animal health and nutrition. Moreover, the growing expenses on livestock coupled with the augmenting animal population to foster regional growth.

Asia Pacific is projected to show significant growth due to the presence of a large livestock animal pool in the region. The awareness about animal welfare is increasing, which may develop various growth opportunities for the region. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Gaining Collaborations and Partnerships to Expand "

Important market developments and inorganic and organic growth strategies are included in the studies for mixer wagons market. Many businesses are focusing on organic business growth, including product launches, product approvals, and other initiatives like patents and events. The market's inorganic growth tactics included acquisitions, partnerships, and collaborations. Market participants now have more opportunities to grow their clientele and businesses thanks to the efforts above. Industry participants in the market should soon benefit from significant growth prospects due to the expanding demand for filter products on the global market.

List of Market Players Profiled

• Faresin Industries (Italy)
• KUHN (U.S.)
• Laird Manufacturing (U.S.)
• Sgariboldi (Italy)
• HIRL-TECHNIK (Germany)
• Seko Industries (Italy)
• B. Strautmann and Sohne (Germany)
• SILOKING (Germany)
• Trioliet (Netherlands)
• RMH Lachish Industries (Israel)
• Alltech (KEENAN)
• Lucas G (France)
• NDEco (U.S.)
• JAYLOR (U.S.)
• Storti SpA (Italy)
• Supreme International (U.S.)
• Delaval (Sweden)
• Meyer Mfg (U.S.)
• Grupo Tatoma (Spain)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.