The increasing size of dairy farms worldwide, the growing focus of major market players on technological developments in the feeding management system along with new product launches, are the factors anticipated to drive the market growth during the forecast period. For instance, Trioliet launched a mixer feeder, Solomix 3 with a capacity of 27, 30 and 34m3. It is specially designed for large livestock. With the launch of new feeding equipment, the primary goal of the company is to capture large European cattle farms in order to expand its business presence. Moreover, rising demand from the developing countries expected to fuel market growth.This growth is primarily driven by Growing Number of Dairy Farms and Rising Demand for Animal Feed.
Globally, a noticeable market trend is evident Growing Focus on the Technological Advancements in Livestock Management
. Major Players, such as DeLaval Holding AB (Sweden), GEA Group AG (Germany), Lely Holding S.A.R.L (Netherland), Trioliet B.V. (Netherlands), Cormall AS (Denmark), Agrologic Ltd (Israel), Rovibec Agrisolutions Inc. (Canada), Cormall AS (Denmark) and DairyMaster (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
November 2018, VDL Agrotech B.V. manufacturer and supplier of equipment for the modern livestock industry acquired Siemens Hengelo’s to expand their business and product offerings.
September 2018, Trioliet launched a mixer feeder, Solomix 3 with a capacity of 27, 30 and 34m3. It is specially designed for large livestock. With the launch of new feeding equipment, the primary goal of the company is to capture large European cattle farms to expand its business presence.
- Growing Number of Dairy Farms
- Rising Demand for Animal Feed
- Growing Focus on the Technological Advancements in Livestock Management
- Rising Demand for Meat and Dairy Products
- High Setup Cost Associated With Animal Feeding Systems
Growing Demand for Livestock Monitoring Services in the Animal Feeding Systems and Significant Growth Opportunities for Animal Feeding Systems in Developing Countries
Lack of Standardization of Animal Feeding Systems
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