Automatic Feeding Machines Market Trends

  • Report ID: 2495
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Automatic Feeding Machines Market Trends

Growth Driver

  • Rising Demand for Meat and Dairy Products

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.

  • Increasing Focus on Process Accuracy and Efficiency

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.

  • Increasing Population of Livestock

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

  • High Setup Cost

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.

  • Requirement of Skill and Knowledge to Operate

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.

 

Automated Feeding Systems Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 

 

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Author Credits:  Richa Gupta


  • Report ID: 2495
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of automated feeding systems is estimated at USD 4.49 billion.

Automated Feeding Systems Market size was over USD 4.25 billion in 2023 and is anticipated to cross USD 10.49 billion by 2036, growing at more than 7.2% CAGR during the forecast period i.e., between 2024-2036.

North America industry is expected to account for largest revenue share by 2036, as to fulfil the need of meat and dairy products.

The major players in the market are AGCO Corporation, Bauer Technics A.S., Big Dutchman Inc., Cormall AS, Daviesway Pty Ltd, DeLaval Holding AB, GEA Group AG, KUHN SA, Lely Holding SARL, Pellon Group Oy, and others.
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