"Automated Feeding Systems Market Growth Prospects: Size, Share, and Trends (2023-2030)"
Market Highlights
The global automated feeding systems market is estimated to reach USD 15.3 billion in 2030 and is expected to register a CAGR of 7.1% during the forecast period of 2023 to 2030. The growing livestock farms, increased focus on technological advancements by major companies, and cost saving associated with these automatic feeding systems are the major driving factors for the growth of the automated feeding systems market, globally. High costs associated with the setting up of these systems may discourage its adoption by the small and marginal livestock rearers. However, the growing adoption of modern livestock farming techniques in developing countries has created lucrative opportunities for automated feeding systems manufacturers.
Segmentation
The global automated feeding systems market has been segmented based on livestock, type, integration, and region.
Based on livestock, the global automated feeding systems market has been divided into ruminants, swine, poultry, and others. The ruminant’s segment is expected to account for the largest market share in 2022 and is projected to register the highest CAGR during the forecast period. The growing number and sizes of dairy farms and high costs associated with manual feeding are the major driving factors leading to the increasing demand for automated cattle feeding systems.
The global automated feeding systems market has been divided, by type, into rail-guided feeding systems, conveyor feeding systems, and self-propelled feeding systems. The rail-guided feeding systems segment is expected to dominate the market in 2030 due to the high flexibility of these systems. The self-propelled feeding systems segment is projected to record the highest growth rate.
Based on integration, the global automated feeding systems market has been bifurcated into fully integrated and non-integrated. In 2022, the non-integrated segment is estimated to account for the larger share in the market. However, the fully integrated segment is projected to record higher growth rate during the forecast period.
Key Players
Some of the key players automated feeding systems market are Dairy Master (US), GEA (Germany), Pellon Group Oy (Finland), Delaval (Sweden), Boumatic LLC (US), Fullwood Packo (UK), Trioliet (Netherlands), VDL Agrotech (Netherlands), Afimilk (Israel), Davisway (Australia), Lely Holding (Netherlands), Sum-It Computer Systems (UK), Agco Corporation (US), Rovibec Agrisolutions (Canada), and Bucher Industries AG (Switzerland).
Some of the strategies followed by the players operating in the market were product launches, acquisitions, mergers, and expansions.
Regional Analysis
Based on region, the global automated feeding systems market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
The market in Europe is expected to dominate the global automated feeding systems market. The large farm sizes and high costs associated with manual feeding practices have driven the market for automatic feeding systems in the region. The market in Asia-Pacific region is expected to register the fastest growth during the forecast period.
Read More : https://www.marketresearchfuture.com/reports/automated-feeding-systems-market-8048
Industry Updates
- In September 2018, Trioliet launched Solomix 3, a new addition of mixer feeder, for large livestock. With this launch, the company is planning to expand its business in Europe by focusing on the European cattle market.
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