At 8.6% CAGR, the Europe Smart Animal Trap Market is projected to be worth US$ 165.17 million by 2028, says Business Market Insights              

According to Business Market Insights’ research, the Europe smart animal trap market was valued at US$ 100.67 million in 2022 and is expected to reach US$ 165.17 million by 2028, registering an annual growth rate of 8.6% from 2022 to 2028.  Rapid increase in population of several wildlife species and rise in human-wildlife conflicts are the critical factors attributed to the market expansion.                

Agriculture is the primary means of livelihood for many people around the world. Farmers still rely on old, conventional farming practices, which is a major factor causing a reduction in crop yields. The poor management of animal infiltration in agricultural lands is one of many factors that contribute to this. Deer, wild pigs, rabbits, moles, monkeys, and other animals with high reproductive rates can seriously harm crops by nibbling on small pieces or just by rushing around the fields and trampling them. The fast adaptation of some wild animal species to anthropogenic surroundings is further intensifying the HWCs, which results in reproduction of populations that are abnormally big in numbers. Epigenetics may provide species with the adaptability to be able to cope with rapidly changing environmental conditions, even if they take a long time to develop and reproduce sparingly. Shorter-lived species reproduce more frequently, and the quick succession of generations makes it possible for them to attain genetic adaptation much more swiftly through natural selection. The manual irrigation of a vast tract of agricultural land is exceedingly laborious for farmers and wild animals’ attacks in such huge population might, quickly result in considerable yield losses and create financial issues for farmers. Considering the fact that crop security from wild animals necessitates taking extra precautions adds up to overall costs of farming. Thus, the rapid growing population of some wildlife species boosts the need for smart animal traps in the market in the forecast period.

On the contrary, high deployment costs hurdles the growth of Europe smart animal trap market.    

• Based on hardware, the Europe smart animal trap market is segmented into sensors, cameras, and others. The cameras segment held 45.7% market share in 2022, amassing US$ 27.60 million. It is projected to garner US$ 43.23 million by 2028 to expand at 7.8% CAGR during 2022–2028.  
• Based on application, the Europe smart animal trap market is segmented into residential and commercial. The commercial segment held 67.0% market share in 2022, amassing US$ 67.48 million. It is projected to garner US$ 113.17 million by 2028 to expand at 9.0% CAGR during 2022–2028.
• Based on component, the Europe smart animal trap market is segmented into hardware, software, and services. The hardware segment held 60.0% market share in 2022, amassing US$ 60.43 million. It is projected to garner US$ 92.92 million by 2028 to expand at 7.4% CAGR during 2022–2028.
• Based on country, the Europe smart animal trap market is segmented into Germany, France, Italy, Russia, UK, and Rest of Europe. Our regional analysis states that Germany captured 31.6% market share in 2022. It was assessed at US$ 31.82 million in 2022 and is likely to hit US$ 57.09 million by 2028, exhibiting a CAGR of 10.2% during the forecast period.    

Key players dominating the Europe smart animal trap market are Alert House ApS; BOARMASTER; CatchAlive ApS; Fallenmelder TRAPMASTER; TFK Handels GmbH (Reviermanager); uWatch Ltd.; and WildMelder.de among others.  

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