Feeding Systems Market Trends And Forecasts (2018-2023)

Posted by Prashanth on December 9th, 2019

MARKET OVERVIEW:

Feeding Systems Market size was around USD 988.18 million in 2019. It is expected to grow at a CAGR of 8.4% to reach USD 1479.05 million by 2024. Feeding systems are designed to manage nutritional requirements of animal husbandry efficiently.

DRIVERS & RESTRAINTS OF THE MARKET:

• The increase in the size of dairy farms around the world, the increasing focus of companies on the technological advances in food management associated with the launch of new products, as well as considerable savings related to the adoption of are the key factors likely to stimulate market growth over the period mentioned above forecast period.
• The main obstacle to market growth is the shortage of qualified professionals to handle many types of power systems and the high initial costs associated with installing automated power systems. Currently, the number of qualified professionals in the livestock industry is insufficient.

REPORT SEGMENTED AS:

Based on Offering:

• Hardware
• Software
• Service

Based on Application:

• Dairy farm
• Poultry farm
• Swine farm
• Equine farm

Based on System Type:

• Rail-guided system
• Conveyor belt system
• Self-propelled system

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Feeding Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to lead the global scenario as the largest market during the forecast period. Asia-Pacific is the fastest growing market owing to adoption rate and technological advancements.  

KEY MARKET PLAYERS:

• Trioliet B.V. (Netherlands)
• DeLaval Holding AB (Sweden)
• Lely Holding S.A.R.L (Netherlands)
• Cormall AS (Denmark)
• GEA Group AG (Germany)
• Agrologic Ltd (Israel)
• Cormall AS (Denmark)
• Rovibec Agrisolutions Inc. (Canada)
• DairyMaster (Ireland)

 THE 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 with 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 of prime strategical 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.

What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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