Global Autonomous Construction Equipment Market

Autonomous Agriculture, Construction, And Mining Machinery Market Definition

The autonomous agriculture, construction, and mining machinery market consists of sales of autonomous agriculture, construction, and mining machinery by entities (organizations, sole traders or partnerships) that are engaged in manufacturing autonomous machinery and vehicles which function with minimal human intervention and work on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as Light Detection and Ranging (LiDAR) and cameras to recognize humans and obstacles in order to perform a task autonomously. This type of equipment assures benefits such as improved efficiency and productivity, reduced errors, improved safety, and reduced unscheduled maintenance, as these machines send abnormalities to user through connected devices.

Autonomous Construction Equipment Market Definition

The autonomous construction equipment market consists of sales of autonomous construction equipment by entities (organizations, sole traders and partnerships) that manufacture autonomous construction equipment which works on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as lidar and cameras in order to recognize humans and obstacles, and the system also uses geofencing to keep machinery within the construction sites. This type of equipment assures benefits such as improved safety, increased productivity, and reduced unscheduled maintenance. The market consists of revenue generated by the companies that are manufacturing autonomous construction equipment by the sales of these products. Autonomous construction equipment reduces employees’ exposure to hazards and risks associated with operating heavy equipment, such as fatigue-related incidents, sprains and other soft-tissue injuries, and noise and dust exposure. Autonomous construction equipment operates at different levels between 1 and 5 of automation and autonomous operation. Level 1 include limited operation support, level 2 include advanced operation support, level 3 include advanced solo automation, level 4 include advanced collaborative autonomous operation, and level 5 include advanced decision making autonomous operation.

The attic and exhaust fans market consists of sales of attic and exhaust fans by entities (organizations, sole traders, and partnerships) that produce attic and exhaust fans which are used in warmer months when temperatures in an attic can exceed 120 °F (49 °C) or to pull excess moisture and unwanted odors out of a particular room or area. Only goods and services traded between entities or sold to end consumers are included. The main types of attic and exhaust fans are attic fans and exhaust fans. Attic fans refer to ventilation fan that regulates the heat level of a building's attic by exhausting hot air. The material used is metal and plastic. The various applications involved are industrial, commercial, and residential. The attic and exhaust fans market research report is one of a series of new reports from The Business Research Company that provides attic and exhaust fans market statistics, including attic and exhaust fans industry global market size, regional shares, competitors with attic and exhaust fans market share, detailed attic and exhaust fans market segments, market trends and opportunities, and any further data you may need to thrive in the attic and exhaust fans industry. This attic and exhaust fans market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global attic and exhaust fans market grew from $6.85 billion in 2021 to $8.85 billion in 2022 at a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The attic and exhaust fans market is expected to grow to $11.07 billion in 2026 at a CAGR of 5.8%. The growth in the number of industries across the world contributed to the growth of the attic and exhaust fans market. Exhaust fans are used to remove contaminants like dust, fumes, and vapors, to provide a safe environment for work. For example, a steel manufacturing plant uses an exhaust fan to create the difference between indoor and outdoor air environments so that airflow can be generated to eliminate the exhausting gas while manufacturing. According to India Brand Equity Foundation (IBEF), in India, the number of micros, small and medium enterprises (MSMEs) has increased from 2.12 million units in 2019 to 2.51 million units in 2020, a growth of 18.5%. Therefore, the growth in several industries across the world boosted the demand for industrial exhaust fans which in turn influenced the market for attic and exhaust fans positively. Exhaust fans can cause depressurization in a house and this factor is expected to limit the growth of the attic and exhaust fans market. Exhaust fans can depressurize a house and lower the pressure indoors concerning the outside. Depressurized houses or places will also have a higher difference in temperature between inside and outside. The risk of the absence of pressure in a house results in higher utility costs, poor indoor air quality, and damp inside walls of houses. Therefore, such factors are expected to hurt the growth of the attic and exhaust fans market. Increasing demand for smart attic fans is an emerging trend in the attic and exhaust fans market. A smart attic fan is a device that has a built-in thermostat/humidistat, and variable speed motor, and is operated using applications. For instance, QuietCool AFG SMT-3.0 smart attic fan from Quiet Cool Colorado runs at the 3,000 CFM setting when the attic is at its hottest point and again the smart attic fan automatically cycles itself down to the lower speeds as the attic starts to cool down. Major players in the attic and exhaust fans market are Greenhack, Systemair, Twin City Fan, Howden, Soler & Palau, Attic Breeze LLC, Industrial Fans Direct, Daltec Fans, Atmox Inc, and Wayne's Solar Inc. The Asia Pacific was the largest region in the attic and exhaust fans in 2021. Western Europe was the second largest region in theattic and exhaust fans market. The regions covered in the attic and exhaust fans report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the attic and exhaust fans market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global attic and exhaust fans market is segmented - 1) By Type: Attic Fans, Exhaust Fans 2) By Material: Metal, Plastic 3) By Application: Industrial, Commercial, Residential

The autonomous farm equipment market consists of sales of autonomous farm equipment and related services for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modeling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets. The main product types of autonomous farm equipment are tractors, harvesters, unmanned aerial vehicles (UAVs), and other product types. Harvesters refer to a machine for harvesting crops. The technologies used in autonomous farm equipment are partially autonomous and fully autonomous. The various applications involved are agriculture, horticulture, animal husbandry, forestry, and other applications. The autonomous farm equipment market research report is one of a series of new reports from The Business Research Company that provides autonomous farm equipment market statistics, including autonomous farm equipment industry global market size, regional shares, competitors with an autonomous farm equipment market share, detailed autonomous farm equipment market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous farm equipment industry. This autonomous farm equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global autonomous farm equipment market grew from $62.79 billion in 2021 to $67.2 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The autonomous farm equipment market is expected to grow to $87.05 billion in 2026 at a CAGR of 6.7%. The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use several sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems into run-of-the-mill farming, farmers will experience positive technological effects in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain the 31–100 HP output Asia Pacific of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market. The fear of unemployment due to automation is a key factor hampering the growth of the autonomous farm equipment market. The developments in AI and robotics would have a significant impact on regular working lifestyles, comparable to the change away from agricultural societies during the industrial revolution. In the US alone, between 39 and 73 million jobs will be automated, representing approximately a third of the total workforce. A recent study estimates that as many as 800 million jobs will be lost to automation worldwide by 2030. Therefore, concerns about the rise in unemployment due to automation are expected to hinder the growth of the autonomous farm equipment market. In November 2019, Raven Industries Inc., a USA-based leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies acquired Smart Ag Inc. for an undisclosed amount. Through this acquisition, Raven Industries Inc. will be integrated into the division’s business and technology portfolio with the intent to create autonomous solutions for the precision agriculture market. Smart Ag Inc. is a USA-based technology company that develops autonomous farming solutions for agriculture. Major players in the autonomous farm equipment market are Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co, and Kubota. The Asia Pacific was the largest region in the autonomous farm equipment market in 2021. North America was the second largest region of autonomous farm equipment market. The regions covered in the autonomous farm equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the autonomous farm equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global autonomous farm equipment market is segmented - 1) By Product Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Other Product Types 2) By Technology: Partially Autonomous, Fully Autonomous 3) By Application: Agriculture, Horticulture, Animal husbandry, Forestry, Other Applications

The autonomous mining equipment market consists of sales of autonomous mining equipment that works on wireless communication technologies and electronic tracking (CT) systems. Autonomous equipment involves minimal human intervention and helps in safe and productive mining and transportation of ores and other materials. The market consists of revenue generated by the company’s manufacturing of autonomous mining equipment by the sales of these products. The main types of autonomous mining equipment are autonomous hauling/mining trucks, autonomous drilling rigs, underground LHD loaders, tunneling equipment, and other types. Autonomous equipment involves minimal human intervention and helps in safe and productive mining. The mines included are surface mines and underground mines. The various applications involved are metal, coal, and other applications. The autonomous mining equipment market research report is one of a series of new reports from The Business Research Company that provides autonomous mining equipment market statistics, including autonomous mining equipment industry global market size, regional shares, competitors with an autonomous mining equipment market share, detailed autonomous mining equipment market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous mining equipment industry. This autonomous mining equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous mining equipment market grew from $2.44 billion in 2021 to $2.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The autonomous mining equipment market is expected to grow to $3.33 billion in 2026 at a CAGR of 6.4%. Rising concerns regarding miners' safety are driving the autonomous mining equipment market. Mining is a dangerous profession with hazards such as fires, flooding, mine collapse, and health risks such as respiratory diseases, hearing loss, musculoskeletal disorders, and heat stress. Introducing autonomous equipment such as robotic loaders, laser sensors, and driverless trucks can help ensure workers’ safety. For instance, mining company Rio Tinto is using 73 driverless trucks in four of its iron mines in Australia to improve worker safety. More autonomous mining equipment is employed to minimize human intervention and thereby reduce accidents. Therefore, rising concerns regarding the safety of mine workers are expected to drive this market. Judgment errors are expected to limit the growth of the autonomous mining equipment market. Incidence of accidents may take place and it often fails to give expected outcomes as they lack flexibility and are unable to handle unanticipated situations. Passive operations fail to take corrective actions in equipment malfunctioning which may result in accidents and losses. Autonomous mining equipment companies have recently been affected by the COVID-19 outbreak. The global pandemic has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities, thereby, affecting the entire mining industry. Mining companies are resorting to production slowdown, operations shut down, and workforce demobilization, due to which the scale of productivity has dropped. Many mines have already implemented autonomous mining technology, however, practically, the mining activity is not possible without human intervention. Moreover, the continuous lock-down in many areas resulted in supply disruption, reduced sales, and reduced demand for end-user industries, negatively affecting profit margins of autonomous mining equipment companies and limiting the growth of the market. Implementing data analytics such as artificial intelligence, machine learning, Internet of Things (IoT)-embedded systems, and other analytics in mining systems is a key trend in the autonomous mining equipment market. Artificial intelligence (AI) is helping to transform the mining industry into a safer, more profitable, and more environmentally friendly industry. AI can analyze vast quantities of data to better predict where to find better resources, along with minimizing errors. IoT system advances in mining equipment are making extraction cheaper without deteriorating existing grades. All of these changes are helping the industry improve its efficiency from mine to market. In June 2019, Komatsu Ltd has agreed to acquire Immersive Corporation which is a global mining technology and workforce optimization firm for an undisclosed amount. Immersive develops, manufactures, and sells mining equipment simulators for training machine operators for surface and underground mines. By integrating Immersive Corporation’s solutions, Komatsu will further contribute to improving mining customers' safety and productivity and to optimizing their operations. This acquisition is expected to support both Immersive Technologies and Komatsu in offering unrivaled service and products to their customers. Major players in the autonomous mining equipment market are Caterpillar, Komatsu, Rockwell Automation, Hitachi, Sandvik, Hexagon, and Atlas Copco. Asia-Pacific was the largest region in the autonomous mining equipment market in 2021. Noth America was the second-largest region in the autonomous mining equipment market. The regions covered in the autonomous mining equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the autonomous mining equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global autonomous mining equipment market is segmented - 1) By Type: Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Other Types 2) By Mine: Surface Mines, Underground Mines 3) By Application: Metal, Coal, Other Applications

The air purification equipment market consists of sales of air purification equipment by entities (organizations, sole traders, and partnerships) that produce air purification equipment that is used for removing contaminants from the air in a room to improve indoor air quality. Only goods and services traded between entities or sold to end consumers are included. The main product types of air purification are stand-alone air purification equipment and induct air purification equipment. An in-duct air purifier will be installed directly into the air duct path. It will be installed either before or after the air handler in homes with a central HVAC unit. The technologies involved are HEPA, electrostatic precipitators, activated carbon, ionic filters, and other technologies. The various end-users involved are residential, commercial, and industrial. The air purification equipment market research report is one of a series of new reports from The Business Research Company that provides air purification equipment market statistics, including air purification equipment industry global market size, regional shares, competitors with an air purification equipment market share, detailed air purification equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air purification equipment industry. This air purification equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global air purification equipment market grew from $56.1 billion in 2021 to $60.09 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The air purification equipment market is expected to grow to $78.45 billion in 2026 at a CAGR of 6.9%. Increasing health problems due to air pollution is projected to boost the demand for the air purification equipment market. Rising deaths and diseases caused by air pollution are generating higher demand for devices used for air purification to remove harmful pollutants in the air. According to the World Health Organization (WHO), air pollution is a major cause of death and various diseases. Air pollution is responsible for approximately 4.2 million deaths annually across the globe, mainly from heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. In the USA alone, there are around 200,000 premature deaths annually. Moreover, air pollution is alone responsible for 29% of lung cancer, 43% of chronic obstructive pulmonary disease, 17% of acute lower respiratory infection, and 24% of stroke of all deaths and diseases worldwide. The increase in impurities in the air is expected to drive the demand for the air purification equipment market during the forecast period. The risk and high maintenance charges associated with the air purification equipment are expected to limit the growth of the air purification equipment market. Air purification systems are good at eliminating dust, but may not prove an effective solution for removing bad odor. Some air purification systems release an excess number of ions in the air which leads to ozone emissions and is considered to be harmful to the environment. Moreover, high maintenance charges on disposable and replaceable filters ranging between $20 and $200 are another major restraint for market growth. These disadvantages associated with the usage of air purification systems are expected to hamper the air purification equipment market during the forecasted period. Partnerships and collaborations by the industry players are gaining popularity in the air purification equipment market. Major companies are strategically acquiring start-ups and mid-sized companies in the air purification market to broaden the products and services offered by the company. Strategic collaborations and partnership agreements help companies to expand their existing product portfolio and geographical reach. For instance, in February 2019, AAF Flanders signed a partnership agreement with IONaer International LLC to introduce CleanAir EXP Purification System in the market. CleanAir EXP Purification System is a revolutionary air purification and monitoring solution. The purification system combines the most sophisticated in-room sensors technology with the latest air purification technology to deliver clean indoor air. In January 2021, Daikin, an Indian based Airconditioning manufacturer acquired Citizen Industries for an undisclosed amount. With this acquisition of citizen industries, Daikin would strengthen its presence in the fast-growing commercial air-conditioning mark and expects the segment to increase its contribution up to 35 percent of its turnover from next year. Citizen industries is an India-based manufacturer and distributor of applied secondary equipment. Major players in the air purification equipment market are Daikin Industries Ltd, Sharp Corporation, Camfil Group, Philips Electronics N.V, LG Electronics Inc, Panasonic Corporation, 3M Company, Mann+Hummel, Honeywell International Inc, and Clarcor Inc. The Asia Pacific was the largest region in air purification equipment in 2021. Western Europe was the second largest region in the air purification equipment. The regions covered in the air purification equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air purification equipment are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global air purification equipment market is segmented - 1) By Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment 2) By Technology : HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Other Technologies 3) By End User: Residential, Commercial, Industrial

The building and road construction equipment market consists of sales of building and road construction equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing building and road construction machinery and equipment such as road roller machines, asphalt mixing plants, forklift truck, crawler excavator, truck crane, and others. The main product types of building and road construction equipment are motor graders, road rollers, wheel loaders, concrete mixers, bulldozers, and other product types. Motor graders are being used to finish grade the rough grading performed by heavy CE like scrapers and bulldozers. The equipment categories are earthmoving equipment, material-handling equipment, heavy construction vehicles, and other equipment categories. The various applications involved are building construction, and road construction. The building and road construction equipment market research report is one of a series of new reports from The Business Research Company that provides building and road construction equipment market statistics, including building and road construction equipment industry global market size, regional shares, competitors with a building and road construction equipment market share, detailed building and road construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the building and road construction equipment industry. This building and road construction equipment market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global building & road construction equipment market grew from $155.54 billion in 2021 to $175.3 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The building & road construction equipmen market is expected to grow to $258.28 billion in 2026 at a CAGR of 10.2%. Infrastructure development in emerging and developed countries propelled the building and road construction equipment market. Emerging and developed countries' governments and private sector are focusing on developing the infrastructure to keep up the GDP, meet the growing population needs, meet the levels of urbanization, and increase connectivity by developing highways and expressways. For instance, the total Indian investment in road construction was worth $22.4 billion with private investment accounting for 14% of the total investments. Furthermore, according to the World Bank, the private sector infrastructure investment commitments for various sectors amounted to $96.7 billion in 2019 globally. The private participation infrastructure (PPI) investment in H1 was valued at $49.8 billion in 2019. Governments and private sectors of developed and emerging sectors focus on infrastructure developments and require high-tech equipment for the construction process to make it easy and less time-consuming which further acts as a major driver for the building and road construction equipment market’s growth. The high cost of equipment and initial setup is expected to hinder the building and road construction equipment market. The cost of equipment consists of the purchase price, sales tax, shipping cost, installation cost, and financing charges at the time of acquisition of the equipment. A new full-size excavator can cost between $100,000 and $500,000, where companies are required to make high investments, as the purchase also involve additional costs, adding to the financial burden on companies and hindering the construction and road construction equipment market. The manufacturing companies in building and road construction equipment are concentrating on upgrading their technologies. The technology advancements aim to increase safety, productivity, and connectivity of equipment and decrease maintenance issues and costs. For instance, in March 2020, Komatsu, a Japan-based construction equipment manufacturer introduced hydraulic excavators*1 equipped with the KomVision Human Detection and Collision Mitigation System of the company. The excavators are designed by advancing the 'KomVision' bird-view camera system equipped with conventional models in the Japanese market. The system identifies humans across the excavator and avoids the excavator from moving when the system detects people whenever the excavator starts to travel or swing. In October 2020, Volvo Construction Equipment, a USA-based manufacturer of construction equipment launched Volvo Active Control, an automated grading machine control system available on excavators EC250E, EC220E, and EC300E across North America. This system allows the operators to conveniently get the right depth and angle, reducing grading times by up to 45%. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a USA-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. The merger is expected to allow both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Major players in the building and road construction equipment market are AB Volvo, Caterpillar Inc, Komatsu Ltd, Liebherr Group, Hitachi Construction Machinery Co. Ltd, J.C. Bamford Excavators Ltd, Terex Corporation, The Atlas Copco Group, Deere & Company, and Sany Group. Asia Pacific was the largest region in the building and road construction equipment market in 2021. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building and road construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global building and road construction equipment market is segmented - 1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types 2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories 3) By Application: Building Construction, Road Construction

The feed processing equipment market consists of sales of feed processing equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing feed processing equipment such as feed expanders, feed conditioners, pellet feed coolers, etc. Only goods and services traded between entities or sold to end consumers are included. The main functions of feed processing equipment are pelleting, mixing, grinding, and extrusion. Extrusion refers to the process of forming something by forcing or pushing it out, mainly through a small opening. The feed types are ruminant feed, poultry feed, swine feed, aquaculture feed, and other feed types. The various applications involved are poultry, pig, ruminant, aqua, and other applications. The feed processing equipment market research report is one of a series of new reports from The Business Research Company that provides feed processing equipment market statistics, including feed processing equipment industry global market size, regional shares, competitors with a feed processing equipment market share, detailed feed processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the feed processing equipment industry. This feed processing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global feed processing equipment market grew from $49.08 billion in 2021 to $54.77 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The feed processing equipment market is expected to grow to $67.07 billion in 2026 at a CAGR of 5.2%. The growing demand for feed across the globe to meet the needs of the rising livestock population is expected to drive the feed processing equipment market. The rise in livestock population led to an increase in the requirement for feed which in turn is likely to fuel the demand for feed processing equipment. According to the 20th Livestock Census report by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, published in October 2019, the total livestock population in India is 535.78 million in 2019. As per the report by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA) released in February 2019, the total cattle and calves population in the USA is 94.8 million as of January 1, 2019. The feed is utilized for rearing livestock as it provides a high nutritional diet which in turn increases productivity. Hence, the growing demand for feed across the globe aids in the growth of the market. The high operational and maintenance cost of the feed mill is expected to hinder the feed processing equipment market. The cost of establishing a feed mill includes design and development, equipment, installation, operational, and maintenance costs. According to the American Feed Industry Association, engineering and design, equipment and installation, and operation and maintenance cost contribute to about 1%, 15%, and 50% respectively of the total investment over a feed mill’s lifetime. Moreover, electricity and labor require high capital investment making it unaffordable for middle, and low-income producers, thereby acting as a major restraint for market growth. Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and set up other equipment to offer an advantage over other machines. In June 2020, Imas, a supplier of milling technology, developed a new type of feed mill with a compact design for the feed industry with a capacity of 2 to 3 tons per hour. In December 2019, Vermeer Corporation, a USA-based manufacturer of industrial and agricultural machines acquired Schuler Manufacturing Co for an undisclosed amount. The acquisition aims to use Schuler Manufacturing Co.'s feed equipment to reinforce Vermeer Corporation’s long-term vision of developing new product technologies for cattle producers through the entire chain of hay and feed value. Schuler Manufacturing Co is a USA-based family-owned company that manufactures cattle feed mixers, feed wagons, and other feed mixer equipment concerning the beef cattle feedlot and dairy industries. Major players in the feed processing equipment market are Buhler AG, Clextral, Dinnissen BV, Andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, and ZhengChang. The Asia Pacific was the largest region in the feed processing equipment market in 2021. North America was the second largest region of feed processing equipment market. The regions covered in the feed processing equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the feed processing equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global feed processing equipment market is segmented - 1) By Function: Pelleting, Mixing, Grinding, Extrusion 2) By Feed Type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, Other Animal Feed 3) By Application: Poultry, Pig, Ruminant, Aqua, Other Applications