Feeding System Market to Net USD $1,411.21 Million In Revenues Globally By 2023
Pune, India -- (SBWIRE) -- 12/12/2018 -- Global Feeding System Market – Overview:
Feeding systems are being deployed around the globe increasingly because of the benefits offered by them. The feed costs are considerably reduced by use of the feeding systems which has contributed to the growth of the market relatively. Market reports linked to the semiconductor & electronics sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this industry. The market is estimated to achieve revenues worth USD $1,411.21 million by 2023 while expanding at 8.6 percent CAGR approximately between 2017 and 2023.
Major companies are focusing on technological advancements so as to improve the operational efficiency of Feeding Systems Market. The growth of the dairy sector and the number of animals that are being bred for slaughter has increased the demand for feeding systems radically. The introduction of sensors and radio frequency identification in feeding systems is increasing the efficiency of the systems drastically. The increasing demand of the livestock farm owners towards automated feeding systems has been induced by the growth of feeding management which will drive market growth in the forecast period.
The noted competitors in the feeding system market are GEA Group AG (Germany), Trioliet B.V. (Netherlands), Lely Holding S.A.R.L (Netherlands), Cormall AS (Denmark), Agrologic Ltd (Israel), DeLaval Holding AB (Sweden), Rovibec Agrisolutions Inc. (Canada), DairyMaster (Ireland), and Cormall AS (Denmark) among others.
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The segmentation of the feeding system market is carried out on the basis of product, offering, analysis, end user, and region. The market segmentation on the basis of offering comprises of hardware which is sub segmented into automation and control system, sensing and monitoring devices. Software segment is sub segmented into cloud-based services, local/web-based. The service segment is sub segmented into connectivity services, assisted professional services, maintenance and support services, system integration and consulting, managed services and others. The product based segment of the market comprises of self-propelled system, rail guided system, conveyor belt system and others. The analysis based segmentation of the market consists of production analysis, supply and consumption analysis, sales and revenue analysis and others. The end user segment of the feeding system market consists of swine farm, equine farm, dairy farm, poultry farm and others. The regions covered in the market are Europe, Asia Pacific (APAC), North America, and Rest of the World (ROW).
Detailed Regional Analysis:
The regional analysis of the market for feeding system is being studied for regions such as the Asia Pacific, North Americas, Europe and Rest of the World. The feeding systems have been employed in Europe for several years, but the usage in the US has escalated in recent years. These systems permit amplified social facilitation among calves, rerouting of labor from feeding to the management of calves, regularity of milk delivery, and consumption of additional milk in smaller meals. The Asia Pacific region is contributing at an increased level with the rising demand of feeding system owing to perceived benefits of the systems. The dairy farmers are increasingly considering implementing these systems have been evaluated based on research and experiences by those using such systems.
The market is very well defined in terms of segments relating to the products as well as the end users that are a part of the market. The market attractiveness and competitors' dynamics are greatly enhanced by the strategies that are being employed by market players. The market shows a great deal of potential for developing at an expedited pace. The product offering of the market has diversified tremendously as compared to the past few years, thereby making the market more lucrative for current and new contenders. The enhanced financial liquidity of the competitors in the market has increased thereby proving new opportunities for the growth of the market. The long term sustainability of the market is however greatly dependent on the tactics and the strategic roadmaps that are employed by market players.
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- Feeding System device manufacturers
- Technology Providers of Feeding Systems
- Technical Universities
- Research Institutes and Organizations
- Component Suppliers
- Feeding Equipment Manufacturers
- Suppliers and Distributors of Feeding System
- Standardization and Testing Firms
- Livestock Research and Consulting Firms
- Manufacturers of Dairy Farm Equipment
- Safety equipment manufacturers
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