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The Hardware Offering Segment is Projected to Lead the Feeding Systems Market During the Forecast 2023


The Feeding Systems Market is projected to grow from USD 911.6 Million in 2017 to USD 1,474.1 Million by 2023, at a CAGR of 8.34% between 2017 and 2023. Growing size of dairy farms across the globe, increasing focus of major companies on technological advancements in the feeding management along with new product launches, and substantial cost savings associated with the adoption of feeding systems are the factors expected to fuel the growth of the feeding systems market during the forecast period.
The report has segmented the feeding systems market on the basis of offering, application, system type, and region. On the basis of the offering, the feeding systems market has been classified into hardware, software, and service. Several factors, such as standardization of hardware and software systems, enhanced performance of these hardware and software systems, and reduced time and cost associated with feeding management are encouraging the livestock owners to adopt different types of feeding systems. The hardware offering segment is projected to lead the feeding systems market during the forecast period.
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The main objectives of this study are as follows:
  • To define, analyze, and forecast the feeding systems market on the basis of offering, application, system type, and region
  • To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the feeding systems market
On the basis of the application, the feeding systems market has been classified into dairy farm, poultry farm, swine farm, and equine farm. The swine farm application segment of the feeding systems market is projected to grow at the highest CAGR during the forecast period. The high growth of this application segment can be attributed due to the increasing adoption of automated feeding systems such as such as liquid feeding systems and dry feeding systems on swine farms for feeding livestock.
DeLaval Holding AB (Sweden) is one of the leading firms in the feeding systems market, owing to its wide product portfolio and significant geographical presence. It offers efficient smart feeding systems and solutions. The products and allied software offered by the company have good acceptance in the feeding systems market. The company has established good industry relations across the dairy farming value chain, which can be leveraged by the company to tackle competition from various established and emerging players in the market. 
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