Automatic feeding market is estimated at USD 4.37 billion in 2017 and is projected to reach USD 6.30 billion by 2022, at a CAGR of 7.5% during the forecast period.
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The key players in the Automatic Feeding Market include – AGCO Corporation (US), GEA (Germany), Delaval Holding (Sweden), Big Dutchman (US), Kuhn (France), Lely Holding SARL (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), Pellon Group OY (Finland), Rovibec Agrisolutions (Canada), Coromall AS (Denmark), ROXELL (Belgium).
North American region is projected to grow at the highest CAGR from 2017 to 2022. The growth in this region can be attributed to the various innovations in different equipment lines and feeding equipment to meet the growing demand from farm owners and farmers.
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The usage of feeding equipment in North America is increasing owing to factors such as continual advancements in technologies and increasing herd size of livestock farms.
- Feed manufacturers, suppliers, and processors
- Feeding equipment manufacturers, suppliers, and processors
- Cattle farm owners, feed distributors, importers, and exporters
- Intermediary suppliers
- Feed and feeding equipment governing associations and regulatory authorities of several countries
- Research organizations and associations such as the Food and Agriculture Organization (FAO), Compound Livestock Feed Manufacturers Association of India (CLFMA), International Feed Industry Federation (IFIF), The Grain and Feed Trade Association (GAFTA), National Grain and Feed Association (NGFA), The American Feed Industry Association (AFIA), and Animal Feed Manufacturers Association (AFMA
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The primary factors that drive the market are the benefits of automation and increasing consumption of meat and dairy products. One of the major restraining factors is the high set up cost.
The distributors segment is projected to grow at the highest CAGR during the forecast period. Distributors provide feed to different animals on time.
For distribution, two different types of equipment are used—rail-guided feed wagon and self-propelled feeder. Automatic feeders help to distribute feed to livestock accurately which improves the growth and development of the animals.
Over the past few years, a dramatic change has been witnessed in the use of automatic feeding equipment in the livestock industry. Farmers in developed countries invest in individual feeders for equine.
Equine feeders are of different types, some of which include hay feeders, feed bins, bucket, and automatic equine waterers, which are used on a daily basis to provide feed and water.
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The report provides analysis of the automatic feeding market across different segments. It aims at estimating the market size and future growth potential of this market on the basis of feeding line, individual feeding equipment, livestock, feed, and region.
The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and business strategies.
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