The report "Automated Feeding Systems Market by Livestock (Ruminants, Swine, Poultry), Function (Controlling, Mixing, Filling and Screening), Offering, Technology, Integration, Type, and Region (North America, Europe, Asia Pacific, Row) - Global Forecast to 2023", is estimated to account for about USD 5.1 billion in 2018 and is projected to reach a value of nearly USD 7.4 billion by 2023, growing at a CAGR of 7.6% from 2018. The automated feeding systems market is increasingly impacted by innovations, as manufacturers are always introducing new ingredients, new variants, and self-propelled equipment to meet the increasing demand and cater to the increasing number of livestock farms. 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.
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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.
Dairy farms have witnessed significant growth over the past few years globally. The rising demand for automated feeding systems is mainly attributed to the increasing number of dairy cattle. The growth in the number of dairy cattle is due to the rising demand for dairy products worldwide. In addition, the decreasing number of farms and increasing cattle population are resulting in the expansion of farm sizes. Further, as the herd size of dairy farms increase, it becomes difficult to monitor and handle the herd manually. Therefore, the increasing herd size of dairy farms drives the automated feeding systems market growth as such systems are also used for tracking and managing the cattle herd.
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.
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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the automated feeding systems market. It includes the profiles of the leading companies such as GEA (Germany), DeLAval (Sweden), Trioliet (Netherlands), Fullwood Packo (UK), AfiMilk (Israel), Lely Holding (Netherlands), VDL Agrotech, Sum-it Computer (UK), Boumatic LLC (US), Pellon Group Oy (Finland), Davisway (Australia), and Dairymaster (US).