Increasing size of dairy farms promotes the Automated Feeding System Market
The Automated Feeding System Market was worth 5.1 billion USD in 2021, and it is predicted that it will reach a valuation of 7.4 billion USD by 2026 at a CAGR of 7.6% during the outlook period.
Market Drivers and Restrains:
Increasing focus of major companies on technological advancements as well as product launches and developments, and growing size of dairy farms are some of the driving factors of the global Automated Feeding System market. Also, substantial cost savings associated with automated feeding systems are some of the driving factors of market. However, high cost associated with this is a major restraint that hinders the expansion of the automated feeding systems market.
In the month of September 2018, Trioliet company has launched a new addition of mixer feeder, solomix 3 for large livestock. The company is more focussed on capturing European cattle farms to expand their business.
In the month of November 2018, VDL Agrotech company has acquired Siemens Hengelo company from Netherlands which helps in expanding the VDL Agrotech business and product offerings.
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Report is segmented as:
The Automated Feeding System is segmented according to function, livestock, offering, technology and type. By function, the market is segmented into controlling, mixing, filling and screening. By livestock, the Automated Feeding System market is segmented into ruminants, swine and poultry. By offering, the market is segmented into three types, namely software, hardware and services. By technology, the Automated Feeding System market is mainly divided as guidance and remote sensing technology, robotics and telemetry, RFID technology. By type, the Automated Feeding System market is segmented into conveyor feeding systems, rail guided feeding systems and self-propelled feeding systems.
Asia Pacific region holds the major share of the market of Automated Feeding System owing to the increasing awareness among consumers regarding the importance of automated feeding systems propels the growth of the market in this region. Asia Pacific is also estimated to hold the dominance of the market during the conjecture period.
Impact of COVID-19 on Automated Feeding System Market
All the industries are facing a lot of financial crisis due to the halt of their businesses because of the coronavirus lockdown imposed by the government authorities. Also, the companies related to Automated Feeding System are facing financial crisis due to the pandemic. As per the analysis, the Automated Feeding System market is expected to increase in the next few months with all the companies have already starting their businesses since the lockdown situation has lifted in most of the countries and also due to the increasing awareness among consumers.
Key market players:
Major market players of Automated Feeding System are: Fullwood Packo (UK), AfiMilk (Israel), Lely Holding (Netherlands), Pellon Group Oy (Finland), Davisway (Australia), GEA (Germany), DeLaval (Sweden), Trioliet (Netherlands), VDL Agrotech (Netherlands), Sum-it Computer (UK), Boumatic LLC (US) and Dairymaster (US).
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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