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(IndustryNews247.Com, August 19, 2019 ) The global 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. 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.
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This research study involved the extensive use of secondary sources (which included directories and databases) such as Forbes, Bloomberg Businessweek, and Factiva to identify & collect information useful for this technical, market-oriented, and commercial study of the automatic feeding market. The primary sources that have been involved include industry experts from core & related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies, and organizations related to all segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative & quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the market.
Geographical Growth Scenario:
Geographically, the global automatic feeding market is divided into North America, Europe, Asia Pacific, Rest of World( South America, Middle East, Africa). The 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. 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.
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Leading Market Players:
• AGCO Corporation (US)
• GEA (Germany)
• Delaval Holding (Sweden)
• Big Dutchman (US)
• Kuhn (France)
• Lely Holding SARL (Netherlands)
• Trioliet B.V. (Netherlands)
• 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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