Global Automatic Feeding System Market was valued US$ 5.1Bn in 2017 and is estimated to reach US$ 9.8Bn by 2026 at a CAGR of 8.51%.
Automatic feeding systems gain in importance due to rising demands on performance-related feeding of cows and animal welfare. But so far, under practical conditions, AFS is used with static settings for feeding times and frequencies without taking into account animal demands.
Increasing the number of customers for meat and dairy products across the globe has led to an improved interest between the farmers to use automatic feeding equipment for livestock to reduce labor and increase the productivity of the animals owing to precise and proper feed delivery on time. The major restraining factor for the automatic feeding system market is the lack of standardization of automatic feeding systems.
Distributors segment is expected to grow at the highest CAGR during the forecast period. Distributors feeding line provide feed to different animals on time. For distribution, two different types of equipment are used rail-guided feed wagon & self-propelled feeder. Automatic feeders aid to distribute feed to livestock accurately which improves the growth and development of the animals.
Equine feeders segment is dominating the global automatic feeding equipment system market. Farmers in developed countries invest in individual feeders for equine equipment. Equine feeders are of different types, some of which contain hay feeders, feed bins, bucket, and automatic equine waterers, which are used on a daily basis to provide feed and water.
Region-wise, The North American region is anticipated to grow at the highest CAGR during the forecast period. The growth in the North America region can be attributed to the various innovations in different equipment lines and feeding equipment to meet the rising demand from farm owners and farmers. The