Livestock Carrier Market

Livestock Carrier: Introduction

• Livestock carriers are large ships that are specifically built or converted second-hand ships for import-export of cattle and sheep. Livestock carriers are operated with regulatory norms set by government authorities, and these carriers are required to provide basic needs of animals during voyage such as food, water, medication, drainage, ventilation, and sawdust bedding among others for their safer transportation.
• Livestock vessels are generally controlled by two inspecting bodies: Port State Control (PSC) inspectors for marine safety, and veterinary competent authorities for approval of a livestock. Major livestock carrier operators across the globe are Livestock Express, Vroon, Wärtsilä, Breda, Wellard Group, and Hijazi & Ghosheh Group.

Key Drivers of Global Livestock Carrier Market:

• Significant demand for animals in rural economies across major developing countries is the primary driver for the global livestock market. Animals are vital source of food for human diets and useful in employment and income in developing economies.
• Livestock helps low income producers to tackle drought and can benefit crop production with organic fertilizers. Increase in consumption of livestock and livestock products in developing countries and rapid development in world trade of livestock are also fueling the global livestock carrier market.
• Tightening regulatory standards over livestock shipping, advancing technologies such as data loggers for shipping, and shipping as a cheaper mode of transportation are also fuelling the global livestock carrier market

Restraints of Global Livestock Carrier Market:

• Most of the livestock carriers across the world are second-hand, modified ships. The approved, purposely built ships are comparatively less in number. For instance, out of 78 EU-approved livestock carriers, only 6% are purposely built to transport animals; furthermore, a majority are older than the average age of vessel scrapping, and 69% are among the most black-listed. Thus, negligence in livestock transportation and management and violation of animal welfare regulations are the major challenges restraining the livestock carrier market across the globe.
• The livestock transportation industry is challenged by certain factors such as lack of data and control procedures applied on board livestock vessels, animal welfare issues such as stress, injury and death of the animals during loading and unloading. Lack of safety measures such as transporting animal without verifying their fitness, careless handling, lack of knowledge for livestock transport management and low scientific research on improving livestock handling are crucial factors hampering the livestock carrier market.

Opportunities in Global Livestock Carrier Market:

• Research and development in data logging for shipping technology, employing stringent regulations on livestock transportation and verification of transportation ships along with increasing purpose-built ships in livestock transportation are likely to offer leveraging opportunities for the global livestock carrier market.

Global Livestock Carrier Market: Regional Outlook

• Asia Pacific is expected to account for the largest share of the global livestock carrier market during the forecast period. Expansion of the market in APAC is estimated to be attributed to the dominance of Australia and New Zealand in the global livestock export industry.
• Australia and New Zealand are top exporters of sheep. Exports of livestock from India increased 112% year-on-year to US$1 billion in April-June 2021. The APAC market is likely to be followed by the North and South America. High demand for livestock owing to high consumption of meat, pork, beef and milk in the U.S., Canada, Brazil, Argentina, Uruguay and Chile is projected to contribute to the share held by the Americas. The livestock carrier market is highly concentrated among less than 10 countries as those mentioned above.

Key Players Operating in Global Livestock Carrier Market:

The major players operating in the global livestock carrier market are mentioned as below:

• Livestock Express
• Wärtsilä 
• Breda
• Wellard Group
• Hijazi & Ghosheh Group
• Vroon
• Siba Ships
• Wallenius Lines

Global Livestock Carrier Market, Research Scope

Global Livestock Carrier Market, by Type

• Open livestock carriers
• Closed livestock carriers

Global Livestock Carrier Market, by Length

• < 100 Meters
• 100-150 Meters
• > 150 Meters

Global Livestock Carrier Market, by Built type

• Special purpose
• Modified

Global Livestock Carrier Market, by Speed

• Below 15 knots
• Above 15 knots

Global Livestock Carrier Market, by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • Turkey
  • South Africa
  • Rest of Middle East & Africa