-- Market Analysis
Global COVID-19 Impact on Automated Feeding Systems Market is likely to touch USD 5.6 billion at a 7.5% CAGR between 2020 - 2024, according to the recent Market Research Future (MRFR) report. Automated feeding systems are used for feeding domestic animals. They are generally utilized in livestock feeding management. This process is carried out by mechanized robots as well as other advanced machinery that helps in feeding the livestock with their day to day milk, meal, and other foodstuffs.
Various factors are adding to the global automated feeding systems market growth. Such factors, according to the new MRFR report, include constant investments in product innovation by key market players, optimization of operational costs, large farm sizes, need to boost productivity, and the need to reduce operating prices and losses at the time of manual feeding.
On the contrary, the high cost of set up may limit the automated feeding systems market growth over the forecast period.
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Covid-19 Analysis /Covid-19 Impact on Automated Feeding Systems Market
The COVID-19 outbreak has a massive impact on man’s daily life on the road to businesses. The automated feeding system market too has not remained unscathed. Due to the novel coronavirus feed producers and manufacturers have become more aware of the strategies and techniques for coping up with this challenging situation. This will, in turn, propel the demand for automated feeding systems with the growth of the market beginning to stabilize. The volatility in the raw material price is a big challenge that feed manufacturers are facing due to this outbreak. This has also resulted in the increased demand for essentials or basic food. Irrespective of the strong need for dairy and meat, the supply chain is facing a lot of disruptions that are preventing producers to offer their produce in the market. The pandemic has led to apprehensions among livestock owners all through Asia and worldwide, that has resulted in the growing need for feed additives for functional perks of livestock like boosting immunity and its nutritional benefits.
Key Players
Notable players profiled in the Global COVID-19 Impact on Automated Feeding Systems Market Report include Pellon Group Oy (Finland), VDL Agrotech (Netherlands), Dairy Master (US), Lely Holding (Netherlands), Sum-It Computer Systems (UK), Bucher Industries AG (Switzerland), Trioliet (Netherlands), Delaval (Sweden), Rovibec Agrisolutions (Canada), Afimilk (Israel), GEA (Germany), Agco Corporation (US), Boumatic LLC (US), Davisway (Australia), and Fullwood Packo (UK).
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global automated feeding systems market report based on integration, type, and livestock.
By livestock, the global automated feeding systems market is segmented into swine, poultry, ruminants, and others. Of these, the ruminant’s segment will dominate the market over the forecast period for high costs of manual feeding and growing sizes and the number of dairy farms.
By type, the global COVID-19 Impact on Automated Feeding Systems Market is segmented into conveyor feeding systems, self-propelled feeding systems, and rail-guided feeding systems. Of these, the rail-guided feeding systems will dominate the market over the forecast period, followed by the self-propelled feeding systems, which is predicted to grow at a high CAGR.
By integration, the global automated feeding systems market is segmented into non-integrated and fully integrated. Of these, the non-integrated segment will have a major share in the market over the forecast period. Meanwhile, the fully integrated segment will grow at a high CAGR over the forecast period.
Regional Analysis
Based on the region, the global COVID-19 Impact on Automated Feeding Systems Market report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America, & the Middle East & Africa (MEA). Of these, Europe is predicted to dominate the market over the forecast period for the reduction in expenditure that is made in manual feeding for the adoption of automated feeding systems for livestock.
The global automated feeding systems market in the APAC region is likely to grow at a healthy CAGR during the forecast period for the rising awareness about the significance of automated feeding systems, rapid economic growth, and demand for meat in Australia, Japan, India, and China, and increased demand for meat products.
The global automated feeding systems market in North America is predicted to have a notable growth during the forecast period. Burgeoning demand for meat and innovations in feeding equipment & equipment lines for fulfilling the growing need of farmers and farm owners are adding market growth.
The global automated feeding systems market in Latin America and the MEA is predicted to have sound growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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