According to a report published by Fortune Business Insights, titled “Europe Animal Transportation Market Size, Share & COVID-19 Impact Analysis, By Animal (Cattle, Pigs, Poultry, Pets, Sheep & Goats, and Others), Type (Personal and Commercial), Regional Forecast, 2020 – 2027” the market was worth USD 408.46 million and will exhibit a CAGR of 4.3% during the forecast period, 2020-2027.Animal transportation is an important aspect of several industry verticals across the world.
The usage of transportation is higher in sectors such as farming and dairy industries will emerge in favor of growth of the overall market in the coming years.
The increasing pet adoption across the world will have a huge impact on the growth of the market in the foreseeable future.
Moreover, the transportation of rare breeds of animals internationally will have a massive impact on market growth.
The presence of several large scale companies will bode well for the growth of the overall market in the coming years.
With the rapid spread of the disease, governments across several countries are looking to implement strict measures with the hope of minimizing the impact of the virus.