The global Automated Feeding Systems Market Share is anticipated to reach a valuation of USD 5.6 billion in 2019 by expanding at a CAGR of 7.5% over the time period from 2019 to 2027. This growth is attributable to the increasing preference of livestock farm owners to adopt newer technologies for lowering the time required at affordable costs. In addition to this, large farm sizes, coupled with the need for improving productivity by reducing overall operational costs, are driving growth of the global Automated Feeding Systems Market Share.
Despite the presence of driving factors, high set up costs and mainly affordability issues to the medium and small livestock farmers is restraining growth of the global Automated Feeding Systems Market Share. Nevertheless, the need for improving technologies are creating need for the continuous product innovation, which is estimated to offer robust growth opportunities in the coming years.
Additionally, the automated feeding systems help to save the feed from several contaminations and preserving the feed quality in terms of amount of minerals and proteins in it. Thus, the animals are served with high-quality feed; this may result in the highest yield of milk or meat. Further, animal feeding is a key cost contributor in livestock farms, which accounts for half the total cost. Increasing demand for high-quality products is augmenting adoption of automated feeding systems majorly from the large farms.
Some of the major companies in the global Automated Feeding Systems Market Share include Agco Corporation, GEA, Delaval, Sum-It Computer Systems, Boumatic LLC, Afimilk, Fullwood Packo, VDL Agrotech, Dairy Master, Pellon Group Oy, Davisway, Bucher Industries AG, Rovibec Agrisolutions, Trioliet, and Lely Holding.
The global Automated Feeding Systems Market Share is segmented based on type, livestock, integration, and region.
By livestock, the market is classified into poultry, swine, ruminants, and others. Of these, the ruminants segment is anticipated to hold the largest market share and to register growth with the fastest CAGR during the forecast period. This growth is majorly attributed to expanding sizes of dairy farms coupled with high costs associated with manual feeding.
Based on type, the global Automated Feeding Systems Market Share is classified into conveyor feeding systems, rail-guided feeding systems, and self-propelled feeding systems. Of these, the rail-guided feeding systems segment is anticipated to remain dominant in the market during the estimated time frame due to its flexibility. However, the self-propelled feeding systems segment is expected to display the fastest growth rate during the same time frame.
By integration, the global Automated Feeding Systems Market Share is bifurcated into non-integrated and fully integrated. Of these, the non-integrated segment is anticipated to hold a larger share in the market over the forecast period. However, the fully integrated segment is estimated to display growth at a higher growth rate over the estimated time frame.
Regionally, the Automated Feeding Systems Market Share is segmented into North America, Asia Pacific, Europe, and the Middle East & Africa. Of these, Europe is estimated to remain dominant in the global Automated Feeding Systems Market Share in the coming period. This growth is primarily attributed to the reduction in expenditure incurred in manual feeding owing to increasing inclination toward the adoption of automation systems. Additionally, the advent of newer technologies in the region is likely to favor the market growth in the coming years as well.
However, Asia Pacific is estimated to expand at a faster CAGR in the coming years owing to the higher adoption of newer technologies from the emerging countries. Additionally, increasing the adoption of livestock management tools in countries such as China, Japan, and India is estimated to act as a propelling factor in the coming years.
Access Report Details @ https://www.marketresearchfuture.com/reports/automated-feeding-systems-market-8048
In 2019, XAG announced its new XPlanet Agricultural UAS, which can autonomously conduct seeding, chemical spraying, fertilization, and feeding with high accuracy on various terrains, no matter plain fields.
In 2019, DeLaval launched its new product named OptiDuo, which can pushes feed backward into the bunk and also remixes it. The launch of such advanced technologies is estimated to benefit the market growth in the foreseen years.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America