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Feeding Systems Market Report 2019-2023: Global Demand and Insights Analysis Report

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Nihal Patil
Feeding Systems Market Report 2019-2023: Global Demand and Insights Analysis Report

The Feeding Systems Market is projected to reach USD 1,474.1 Million by 2023, at a CAGR of 8.34% between 2017 and 2023. The base year considered for this study is 2016, and the market forecast is provided for the period between 2017 and 2023.

The size of the feeding systems market has been estimated using both, top-down and bottom-up approaches. These approaches have been used to estimate and validate the size of the feeding systems market as well as to estimate the size of various other dependent submarkets. The key players in the market have been identified through the secondary research, and their regional market shares have been determined through the primary and secondary research. This research study has incorporated the extensive usage of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial analysis of the feeding systems market. 

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Ecosystem of the feeding systems market comprises technology providers, such as DeLaval Holding AB (Sweden), GEA Group AG (Germany), Lely Holding S.A.R.L (Netherlands), Trioliet B.V. (Netherlands), and Cormall AS (Denmark), among others and providers of software and services for feeding systems, which include Agrologic Ltd (Israel), Rovibec Agrisolutions Inc. (Canada), Cormall AS (Denmark), and DairyMaster (Ireland), among others.

The report also describes market dynamics, such as the drivers, restraints, opportunities, and challenges impacting the growth of the feeding systems market during the forecast period. Apart from the in-depth view on the market segmentation, the report also includes the critical market data and qualitative information for each type, along with the qualitative analysis, such as value chain analysis, market share analysis, and market breakdown analysis. The report targets the technology providers, software providers, system integrators, and end-use industries of the feeding systems market.

The major restraint for the growth of the feeding systems market includes the dearth of trained professionals to handle various types feeding systems and high upfront cost involved in the installation of automated feeding systems. Presently, there is a lack of trained professionals in the livestock industry. According to the United States Department of Labor (USDA), employment of dairy farm workers is projected to decrease by 6% from 2014 to 2024. According to a report by the Department of Animal Husbandry & Dairying, Government of India, only 34,500 veterinarians were employed for field services in 2014 against the requirement of 67,000 veterinarians.

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