Global Neck Tag Market Overview:
Neck tags for cattle are made of tough, unbreakable nylon. They have engraved numbers on both sides. Neck tag an identification label developed for cattle and sheep. Attach it to the collar of the animal by means of cord. The neck tag is characterized by its simplicity in use, flexibility and high quality due to the use of polyurethane. Neck tags are devices that cloud-based software tracks data collected by gateways and provides ranchers with analysis tools for tracking their livestock across hundreds of miles. Automated disease tracking software can spot sick cattle early. Stolen livestock are noticed when sensors are removed, or when they venture outside a specific area.
- Increase in population of cattle
- High cost of tags devices
- Increasing use of GPS techniques in the neck tag
- Decline investment for animal monitoring solutions
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Cowlar (United States), SCR Dairy (Israel), Afimilk (United States), HerdInsights (Ireland), Lely (Netherland), Connecterra (Netherlands), CowManager (Netherlands), Moocall (Ireland), Quantified AG (United States), DeLaval (Sweden) and BouMatic (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Neck Tag market by 2026. Considering Market by Material, the sub-segment i.e. Metal will boost the Neck Tag market.
What Can be Explored with the Neck Tag Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Neck Tag Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Neck Tag
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Neck Tag market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Neck Tag market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Neck Tag Distributors, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Neck Tag Market?
The Neck Tag market is expected to see a CAGR of % during projected year 2021 to 2026.
2. Who are the top performing companies in Neck Tag Market?
Top performing companies in the Global Neck Tag market are Cowlar (United States), SCR Dairy (Israel), Afimilk (United States), HerdInsights (Ireland), Lely (Netherland), Connecterra (Netherlands), CowManager (Netherlands), Moocall (Ireland), Quantified AG (United States), DeLaval (Sweden) and BouMatic (United States), to name a few.
3. What trending factors would impact Neck Tag Market growth most?
"New upgrade in tracking technology" is seen as one of major influencing trends for Neck Tag Market during projected period 2021-2026.