Global Automated Feeding Systems Market Size Booming to Touch USD 8.56 Billion by 2029

Published | 03 July 2023

The global automated deeding systems market is gaining traction because of the increasing demand for efficient livestock management and a growing need for optimal animal health and nutrition.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global automated feeding systems market size at USD 4.22 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global automated feeding systems market size to grow at a CAGR of 6.95% reaching a value of USD 8.56 billion by 2029. Growing dairy farm sizes, dairy animal populations, advancements in dairy technology, and spurring demand for dairy products are key driving factors for the global market for automated feeding systems. The market for automated feeding systems will see profitable opportunities, as major businesses focus on technological breakthroughs, product launches, and development, along with a variety of services.

Global Automated Feeding Systems Market – Overview

Automatic feeding refers to feeding in which the material or part being processed is inserted into or removed from the point of operation by a method or means that does not require an operator to take any action on each press stroke. Compared to the typical chain feeders used on neighborhood farms, an autonomous feeding system is 85% more energy efficient. The system's many components are expertly made to reduce energy loss in the form of heat. As a result, the operation is highly effective.

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Global Automated Feeding Systems Market – By Component

Based on component, the global automated feeding systems market is segmented into hardware, software, and services. The hardware component accounts for the largest share of the global automated feeding systems. The growth of this segment is mainly attributed to the industry's prominent demand for automated feeding machines. An automatic feeder will help to reduce overfeeding by measuring out the quantities for animals at regular intervals and promoting their stable growth and development.

Impact of COVID-19 on Global Automated Feeding Systems Market

The unprecedented COVID-19 pandemic affected the growth of the global automated feeding systems market. The United States, Germany, Italy, the United Kingdom, India, and China, which were adversely impacted by the spread of the coronavirus, had previously been noted as having the highest demand for automatic feeding machines. This demand has since decreased due to the supply chains being hampered by the coronavirus. Additionally, due to a labor shortage, a decline in market demand, and a desire to save costs, a number of market participants stopped their production activities for a few weeks. Contrarily, a small number of players chose to lay off workers in order to survive the COVID-19 health crisis, which had a detrimental impact on the market expansion.

Competitive Landscape

Major players operating in global automated feeding systems market include DeLaval Holding AB, GEA Group AG, Lely Industries N.V., BouMatic LLC, Agrologic Ltd., Fancom B.V., Big Dutchman International GmbH, Cormall A/S, ROXELL BVBA, VDL Agrotech B.V., Rovibec Agrisolutions Inc., Trioliet B.V., Agromatic AG, Schauer Agrotronic GmbH, and Steinsvik Group AS. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Global Automated Feeding Systems Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Automated Feeding Systems Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Automated Feeding Systems Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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