The automated feeding systems market is estimated to account for about USD 5.1 billion in 2018 and is projected to reach a value of about USD 7.4 billion by 2023, at a CAGR of 7.6%. The growing size of dairy farms, the increasing focus of major companies on technological advancements as well as product launches and developments, and substantial cost savings associated with automated feeding systems are the major driving factors for the market. On the other hand, the high upfront cost is a restraining factor for the automated feeding systems market.
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By livestock, the ruminant segment is estimated to dominate the global market for automated feeding systems in 2018. Hardware and software solutions enable automatic feeding, resulting in accurate and rapid livestock feeding management. The labor cost associated with feeding management reduces drastically due to higher automation and fewer labor requirements. Due to these advantages, the market for automated feeding systems for ruminants is projected to grow significantly during the forecast period.
By function, the filling & screening segment is estimated to account for the largest share in the market for automated feeding systems in 2018. The belt feeders combine a conveyor belt and sliding scraper. This allows the distribution of small amounts of raw feed at short intervals to various groups of animals. This automated filling & screening process in feeding offers consistently high reliability and a reduced daily workload.
Dairy farms have witnessed significant growth over the past few years globally. The rising demand for automated feeding systems is mainly attributed to the increasing number of dairy cattle. The growth in the number of dairy cattle is due to the rising demand for dairy products worldwide. In addition, the decreasing number of farms and increasing cattle population are resulting in the expansion of farm sizes. Further, as the herd size of dairy farms increase, it becomes difficult to monitor and handle the herd manually. Therefore, the increasing herd size of dairy farms drives the automated feeding systems market growth as such systems are also used for tracking and managing the cattle herd.
Europe is estimated to account for the largest market share in the automated feeding systems in 2018. The region is projected to offer huge growth potential to the automated feeding systems market. Manual feeding of livestock contributes to the high expenditure on the dairy farm operations. The farm owners are adopting automated feeding systems on livestock farm to reduce the expenditure incurred in manual feeding. This is the major reason for increasing the adoption of automated feeding systems. The adoption of software used in automated feeding systems is increasing in livestock farming, which is one of the major reasons that is contributing to the growth of the automated feeding systems market in the region.
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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the automated feeding systems market. It includes the profiles of the leading companies such as GEA (Germany), DeLAval (Sweden), Trioliet (Netherlands), Fullwood Packo (UK), AfiMilk (Israel), Lely Holding (Netherlands), VDL Agrotech, Sum-it Computer (UK), Boumatic LLC (US), Pellon Group Oy (Finland), Davisway (Australia), and Dairymaster (US).
