Automated Feeding System Market Forecast and CAGR
According to the latest research done by Fact.MR, the automated feeding system market has high potential and is rising at a significant rate. It is being accepted worldwide slowly and showing a promising sign of high growth in the forecasted period of 2021-2031. According to the research done by our analysts and taking care of all the elements of its market, the automated feeding system market is expected to experience a healthy CAGR of 7%-8%.
What are the Driving Forces for Automated Feeding System?
The automated feeding system has great functionality that serves the purpose of a cattle farm very well. It has a number of benefits that are fueling the sales of automated feeding systems. This machine is mainly used in farms to feed domestic animals. Half of the daily cost on these farms goes into feeding and the right amount of diet in time is very important for the health of animals. An automated feeding system does exactly that in a very efficient manner.
One of the major advantages of an automated feeding system is its reliability which reduces the manual labor and operational cost of feeding. The whole machine helps in reducing work time and also reduces the overall production costs. It has successfully been able to reduce the workload of the farmers since its inception.
Apart from all these, the increasing number of cattle and dairy farms with time both in the rural and urban areas and the sudden increase in the population of livestock have also contributed to the growth of the automated feeding system market.
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What is the Impact on Sales of Automated Feeding System due to Pandemic?
The covid-19 crisis has hit each and every sector but the core engineering sector has taken the biggest impact of it. Due to the slowdown of the automotive and machinery sector market and the broken supply chain, the whole automated feeding system market came to a halt. Most of the manufacturing units of automated feeding systems were either working at a very lesser rate or were completely stopped due to the heavy shortage of raw materials.
The post-pandemic effect on the machinery industry is going to be a bit impactful in the coming couple of years. This industry will take a decent amount of time to recover, hence this pandemic effect is and will hinder the growth of the automated feeding system market.
US and Canada Market outlook on Automated Feeding System
The Automated feeding system market is a rising one in North America. The market is in the growth stage and sales are increasing significantly. The automated feeding system was introduced at a later stage compared to Europe in this part of the globe. After the introduction, the growth of this machine has been higher than the rest of the world and with this speed, it is expected to take the major share of the market globally.
North America has vast farmlands, cattle farms, dairy farms and it is increasing in big numbers. Also with the advancement in technology, innovation in modern types of equipment, feeding methodologies, and demand of farm owners or farmers for equipping themselves with modern practices has helped in growing the demand and sales of automated feeding systems in the US and Canada.
Also, owing to the strong financial basis of North American farmers, mindset and reliability to use of modern technology are also some of the factors to consider for the growth of the automated feeding system market.
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Europe Demand Outlook for Automated Feeding System
Europe is the leader in this segment for the use of automated feeding system machines. Most of the key manufacturers and suppliers are based in Europe. Europe is dominant in this market globally and is called the biggest manufacturing hub in cattle farming machinery. They are the biggest users of this product too, and the market is growing at the highest rate in the present scenario but is expected to lag behind North America in the near future during the forecasted period.
With the increase in livestock farming in most part of Europe and increasing adoption of software in the automated feeding system, the use of this machine with advanced features are becoming the new favorite for the European cattle farmers.
Cattle farming and dairy farming has been and is still quite prevalent in European culture, especially in its rural area. The Europeans love their animals and like to treat them the best, owing to this culture and demand for efficient management of perfect nutritional diet has led to the innovation in this field and hence triggered the sales of advanced automated feeding system machines in Europe.
Who are the Key Manufacturers and Suppliers of Automated Feeding System Machines?
The manufacturers and suppliers are distributed throughout the globe but Europe being the biggest user of it, hence the major key players of this market are from Europe. Some of the key manufacturers and suppliers are
- Fullwood Packo
- Boumatic LLC
- Lely Holding
- Sum-it Computer
- Pellon Group Oy
- VDL Agrotech
- Rovibec Agrisolutions
- few others.
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Transgenic Seeds Market Report Highlights:
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- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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- Potential and niche segments, geographical regions exhibiting promising growth
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By Feeding Line
- Remote Sensing
- North America
- US and Canada
- Rest of North America
- Latin America
- Middle East & Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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