Market Research Future (Food and Beverages) Automated Feeding Systems Market | Page 3

Automated Feeding Systems Market Research Report - Global Forecast till 2024
2 Market Overview
Global Automated Feeding Systems Market is estimated to reach USD 5.6 billion in 2019 and is expected to register
a CAGR of 7.5% during the forecast period of 2019 to 2024. Automated feeding systems have gained popularity in
the last few years due to the increasing preference of livestock farm owners to automate the processes to reduce
operating costs and losses occurring during the manual feeding. Large farm sizes, along with the need to increase
productivity, and optimization of the operational costs are the major factors impacting the growing preference for
automatic feeding system by the farmers. The market players are continuously investing in the product innovation,
creating new opportunities in the market. However, the high set up costs associated with the automatic feeding
systems may discourage the small and medium livestock farmers, restraining the growth of the market.
Regional Analysis:
The market in Europe is expected to dominate the global market for automated feeding systems during the forecast
period. The reduction in expenditure incurred in manual feeding due to the adoption of automated feeding systems
for livestock is a major driving factor for the market growth in the region. The market in Asia-Pacific is projected to
register the highest CAGR during the forecast period. China, Japan, and Australia are expected to record a strong
growth during the forecast period.
Page | 3
Copyright © 2017 Market Research Future.