As per the report published by Fior Markets, The global automated feeding systems market is expected to grow from USD 4.3 Million in 2017 to USD 8.9 Million by 2025 at a CAGR of 9.5% during the forecast period from 2018-2025. The Asia Pacific region is dominating due to the increasing modernization of animal production techniques in the Asia Pacific region. It has provided opportunities for the automated feeding industry, which has further impacted the rise in the need for commercial feed among farmers in the region.
Global Automated Feeding Systems Market by Function (Controlling, Mixing, Filling and Screening, Others), Livestock, Offering, Technology, Type, Integration, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include Valmetal, GEA Group AG, DeLaval Inc., VDL Agrotech, Afimilk Ltd. among others. Leaders are providing better opportunities and continuously focused on new product developments and venture capital investments to capture market share For instance, In September 2018, Afimilk and Fullwood Packo Group (UK), entered into a long-term strategic agreement for the manufacturing of industrial automated dairy farming systems.
The function segment is classified into controlling, mixing, filling and screening and others. The filling and screening segment is dominating the automated feeding systems market and valued with USD 1.43 Million in 2017. Livestock segment includes ruminants, swine, poultry and others. Ruminants segment is dominating the market with the highest share of 38.70% in 2017. Offering segment is divided into segments such as a hardware, software and services. Services is dominating the market with the share of 47.80% in 2017. The technology segment includes guidance and remote sensing technology, robotics and telemetry, RFID technology and others. The guidance and remote-sensing technology segment dominated the market and values around USD 1.70 Million in 2017. The type segment includes rail-guided feeding systems, conveyor feeding systems and self-propelled feeding systems. The rail-guided feeding systems segment is dominating the market with the highest share of 45.60% in 2017. These systems have increased popularity among farms, due to their durability and low maintenance cost. The integration segment includes integrated automated feeding systems and non-integrated automated feeding systems. The integrated automated feeding systems segment is dominating the segment and valued around USD 2.74 Million in 2017.
Significant cost savings associated with the adoption of feeding systems. In addition, rising focus of major companies on technological advancements and new product launches and developments for livestock management are two factors fuelling the growth of market. However, high cost involved in the installation of these feeding systems may obstruct the growth of market. Nevertheless, Rising focus of major firms on improvement of technology in the feeding management along with new product launches which is expected to pose new growth opportunities for the market in the given forecast period may boost the market in forthcoming years.
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