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The automated feeding systems market size is estimated to grow at a CAGR of 7.12% between 2023 and 2028. The market size is forecast to increase by USD 2.45 billion. The growth of the market depends on several factors, such as the adoption of technologies to combat skill shortages, the rising population of cattle in farms, and the presence of stringent regulations.
The report offers extensive research analysis on the Automated Feeding Systems Market, with a categorization based on Type, including conveyor feeding systems and self-propelled feeding systems. It further segments the market by Product, encompassing hardware, software, and services. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Automated Feeding Systems Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The significant growth in the demand for meat and dairy products has incentivized farmers to increase the population of cattle on farms. For example, according to the USDA, in January 2020, there were 9.4 million dairy cows in the US, and the average size of dairy increased by over 40% in the past decade.
Thus, the demand for cattle feed is rising. In addition, farmers ensure the optimal use of cattle feed to avoid wastage and increase profitability. Therefore, they require advanced models of automated feeding systems. Hence, the rising population of cattle on farms is expected to drive the growth of the global automated feeding systems market during the forecast period.
The launch of new products is essential for farmers to ensure the optimal use of feed. Therefore, they are adopting automated feeding systems. In addition, the rising demand for automated feeding systems is encouraging vendors to launch new products with improved features.
For example, in November 2020, Lely introduced its new feed grabber system for its vector automatic feeding system. In addition, the feed grabber system is used to load the mixing and feeding robot and reduces wastage during distribution. Furthermore, the product also improves the functionality and lifespan of the feed grabber bucket, thereby reducing maintenance costs. Therefore, such factors are positively impacting the market growth. Hence, it is expected to drive the market growth during the forecast period.
Several companies that provide automated feeding systems have constantly been developing and upgrading their products to provide farmers with technologies that improve the health of livestock. In addition, such technologies monitor the feed constantly, and their use reduces the OPEX of farmers.
However, small and medium-sized livestock farmers often do not have the financial capabilities to purchase such kinds of technologies. In addition, large livestock farms have several animals. Therefore, they require multiple livestock feeding systems, which are expensive. Hence, the integration of such systems is also an additional expense for farmers. Therefore, such factors are negatively impacting the market which in turn hinders the market growth during the forecast period.
The conveyor feeding systems segment is estimated to witness significant growth during the forecast period. A majority of the automated feeding systems are operated by utilizing conveyor belts, which move the feed from the storage tank or mixing vessel to the feeding area. In addition, multiple units of conveyor belts can be connected to livestock feeding systems to feed several animals. Furthermore, pushers, which are a component of conveyor livestock feeding systems, distribute the feed to the livestock.
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The conveyor feeding systems segment was the largest segment and was valued at USD 2.95 billion in 2018. Moreover, automation is a possibility with conveyor livestock feeding systems. In addition, it enables the precise and accurate distribution of feed to the required locations in farms. Furthermore, several market players offer automated conveyor-feeding systems. For example, GEA offers automatic conveyor livestock feeding systems, which are equipped with a combination of conveyor belts and sliding scrappers to offer benefits such as productive feed management and feeding different groups of livestock several times a day. In addition, the company's systems can be used for both short and large distances. Such developments are fuelling the growth of the conveyor feeding systems segment, which, in turn, will drive the growth of the global automated feeding systems market during the forecast period.
Based on the product, the segment is classified into hardware, software, and services. Wearable gear including collar and radio frequency identification (RFID) tags with inbuilt sensors are hardware segments used for automated feeding systems. In addition, besides, smart cameras and GPS are installed in farms to track and monitor livestock. Furthermore, these devices help in the collection of various data points such as livestock feeding, health monitoring, reproduction, nutrition quality, and other data points. In addition, these data points help farmers make decisions regarding the reproduction of cattle and the amount of feed to be given to cattle. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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Europe is estimated to contribute 34% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Europe is a significant region in the global meat industry. Therefore, there have been several developments in livestock farming methods in the European Union (EU) over the past few years. In addition, the EU is expected to increase its export volume of meat products. Moreover, several vendors are focusing on launching new products, expanding their presence by opening new branches, and improving the distribution capacity through partnerships. In addition, the feeder pan enhances feed distribution efficiency and helps poultry farmers reduce feed wastage. Hence, such factors are driving the market growth in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Afimilk Ltd: The company offers automated feeding systems namely, Advanced Dairy Management Solution.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AGCO Corp., Berkshire Hathaway Inc., Big Dutchman AG Holding, Cargill Inc., Dairymaster, Daviesway Pty Ltd., Dhumal Industries India Pvt. Ltd., GEA Group AG, JH Agro AS, Lely International NV, Madison One Holdings LLC, Maskinfabrikken Cormall AS, Pellon Group Oy, Plasson Ltd., Rovibec Agrisolutions, Tetra Laval SA, Trevaskis Engineering Pty Ltd., Trioliet BV, and VDL Groep BV.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The automated feeding systems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Automated Feeding Systems Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.12% |
Market Growth 2024-2028 |
USD 2.45 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.59 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, Australia, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Afimilk Ltd., AGCO Corp., Berkshire Hathaway Inc., Big Dutchman AG Holding, Cargill Inc., Dairymaster, Daviesway Pty Ltd., Dhumal Industries India Pvt. Ltd., GEA Group AG, JH Agro AS, Lely International NV, Madison One Holdings LLC, Maskinfabrikken Cormall AS, Pellon Group Oy, Plasson Ltd., Rovibec Agrisolutions, Tetra Laval SA, Trevaskis Engineering Pty Ltd., Trioliet BV, and VDL Groep BV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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