The Feeding Systems Market is projected to grow
from USD 911.6 Million in 2017 to USD 1,474.1 Million by 2023, at a CAGR of
8.34% between 2017 and 2023. Growing size of dairy farms across the globe,
increasing focus of major companies on technological advancements in the
feeding management along with new product launches, and substantial cost
savings associated with the adoption of feeding systems are the factors
expected to fuel the growth of the feeding systems market during the forecast
period.
To define, analyze, and forecast the feeding systems market on the basis of offering, application, system type, and region To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the feeding systems market
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The report has segmented the
feeding systems market on the basis of offering, application, system type, and
region. On the basis of the offering, the feeding systems market has been
classified into hardware, software, and service. Several factors, such as
standardization of hardware and software systems, enhanced performance of these
hardware and software systems, and reduced time and cost associated with
feeding management are encouraging the livestock owners to adopt different
types of feeding systems. The hardware offering segment is projected to lead
the feeding systems market during the forecast period.
On the basis of the application, the
feeding systems market has been classified into dairy farm, poultry farm, swine
farm, and equine farm. The swine farm application segment of the feeding
systems market is projected to grow at the highest CAGR during the forecast
period. The high growth of this application segment can be attributed due to
the increasing adoption of automated feeding systems such as such as liquid
feeding systems and dry feeding systems on swine farms for feeding livestock.
Technology Providers of Feeding Systems Technical Universities Government Research Agencies and Private Research Organizations Research Institutes and Organizations Component Suppliers Manufacturers of Semiconductor Components and Devices Original Equipment Manufacturers (OEMs) Feeding Equipment Manufacturers Suppliers and Distributors of Feeding System Components and Devices Software, Service, and Technology Providers Standardization and Testing Firms Government Bodies (Regulatory Authorities and Policymakers) Livestock Research and Consulting Firms Manufacturers of Dairy Farm Equipment
DeLaval Holding AB (Sweden) is one of the
leading firms in the feeding systems market, owing to its wide product
portfolio and significant geographical presence. It offers efficient smart
feeding systems and solutions. The products and allied software offered by the
company have good acceptance in the feeding systems market. The company has
established good industry relations across the dairy farming value chain, which
can be leveraged by the company to tackle competition from various established
and emerging players in the market. The company has adopted the strategies of
partnerships, alliances, and new product developments to strengthen its
position in the feeding systems market.
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