The Feeding Systems Market is projected to
reach USD 1,474.1 Million by 2023, at a CAGR of 8.34% between 2017 and 2023.
The base year considered for this study is 2016, and the market forecast is
provided for the period between 2017 and 2023.
The size of the feeding
systems market has been estimated using both, top-down and bottom-up
approaches. These approaches have been used to estimate and validate the size
of the feeding systems market as well as to estimate the size of various other
dependent submarkets. The key players in the market have been identified
through the secondary research, and their regional market shares have been
determined through the primary and secondary research. This research study has
incorporated the extensive usage of secondary sources, directories, and
databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to
identify and collect information useful for this technical, market-oriented,
and commercial analysis of the feeding systems market.
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Ecosystem of the feeding
systems market comprises technology providers, such as DeLaval Holding AB
(Sweden), GEA Group AG (Germany), Lely Holding S.A.R.L (Netherlands), Trioliet
B.V. (Netherlands), and Cormall AS (Denmark), among others and providers of
software and services for feeding systems, which include Agrologic Ltd
(Israel), Rovibec Agrisolutions Inc. (Canada), Cormall AS (Denmark), and
DairyMaster (Ireland), among others.
The report also describes
market dynamics, such as the drivers, restraints, opportunities, and challenges
impacting the growth of the feeding systems market during the forecast period.
Apart from the in-depth view on the market segmentation, the report also
includes the critical market data and qualitative information for each type,
along with the qualitative analysis, such as value chain analysis, market share
analysis, and market breakdown analysis. The report targets the technology
providers, software providers, system integrators, and end-use industries of
the feeding systems market.
The major restraint for the growth of the
feeding systems market includes the dearth of trained professionals to handle
various types feeding systems and high upfront cost involved in the
installation of automated feeding systems. Presently, there is a lack of trained
professionals in the livestock industry. According to the United States
Department of Labor (USDA), employment of dairy farm workers is projected to
decrease by 6% from 2014 to 2024. According to a report by the Department of
Animal Husbandry & Dairying, Government of India, only 34,500 veterinarians
were employed for field services in 2014 against the requirement of 67,000
veterinarians.
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