Growth Driver
Population of the world is increasing at a significant rate and so is the demand for meat and dairy products. To meet the demand farmers are focusing more on the development of animals and for that they require an automated feeding system to keep the cost under check. This increasing demand will drive sales for automated feeding systems in the future, which in turn is anticipated to drive the growth of the automated feeding systems market.
Companies all around the world are focusing on reducing defects and improve their process accuracy. For this purpose, it is necessary to reduce human errors as much as possible. Automation provides them precision and accuracy. In current times, demand for automation is increasing day by day and it will boost the growth of automation in feeding machine sector as well.
Not only the population of human beings is increasing but the population of livestock is also increasing. With the increase in population it becomes very difficult to manage and monitor the herd manually. Therefore, the demand for automated feeding systems will thrive as it helps in feeding them systematically and also helps in tracking and monitoring them.
Challenges
Automated feeding systems require a lot of capital to purchase and setup. High initial investment sometimes become a hindrance for farmers with low income. In order to fulfil huge demand of dairy and poultry products, famers need a better system to manage and monitor livestock, but limitation of capital does not allow them to invest in automated feeding systems. Most of the small companies also do not have capital to invest in these machines.
Automated feeding systems requires skills and knowledge in order to be used in an efficient way. They need highly efficient management tools for working in an uninterrupted manner. People who have these skills are very less and to educate people about the usage of these machines is a major challenge which needs to be tackled.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
7.2% |
Base Year Market Size (2023) |
USD 4.25 billion |
Forecast Year Market Size (2036) |
USD 10.49 billion |
Regional Scope |
|
Author Credits: Richa Gupta
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