The automated feeding systems market is estimated to account for about USD 5.1 billion in 2018 and is projected to reach a value of about USD 7.4 billion by 2023, at a CAGR of 7.6%. The growing size of dairy farms, the increasing focus of major companies on technological advancements as well as product launches and developments, and substantial cost savings associated with automated feeding systems are the major driving factors for the market.
The growth of the Asia Pacific automated feeding systems market is attributed to the increasing awareness among consumers regarding the importance of automated feeding systems. Further, with rapid economic growth in the region, the demand for meat is rising particularly in China, India, Japan, and Australia. This increased demand for meat products has driven the meat production in this region, which in turn, has contributed to the market growth.
The key players in this market include GEA (Germany), DeLaval (Sweden), Trioliet (Netherlands), Fullwood Packo (UK), AfiMilk (Israel), Lely Holding (Netherlands), VDL Agrotech (Netherlands), Sum-it Computer (UK), Boumatic LLC (US), Pellon Group Oy (Finland), Davisway (Australia), and Dairymaster (US). These players are focusing on improving their presence through undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences in these regions. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.
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On the basis of function, the filling and screening segment is estimated to dominate the automated feeding systems market in 2018. The filling and screening function used a belt feeding system, which helps in transporting portions of silage between bunkers, silos, mixers, and feeding belts. It is inexpensive as it requires less maintenance. These are suitable for transportation, hopper systems, and buffer sections. Filling and screening comprise various pan feeding equipment, chain feeding equipment, and automated conveyor belt feeding systems.
By livestock, the ruminant segment is estimated
to dominate the global market for automated feeding systems in 2018. Hardware
and software solutions enable automatic feeding, resulting in accurate and
rapid livestock feeding management. The labor cost associated with feeding
management reduces drastically due to higher automation and fewer labor
requirements. Due to these advantages, the market for automated feeding systems
for ruminants is projected to grow significantly during the forecast period.
Dec 17, 2021
Automated Feeding Systems Market – Analysis, Trends and Forecast
The automated feeding systems market is estimated to account for about USD 5.1 billion in 2018 and is projected to reach a value of about USD 7.4 billion by 2023, at a CAGR of 7.6%. The growing size of dairy farms, the increasing focus of major companies...
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