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Global Precision Livestock Farming Market: By Offering; Hardware, Software, Services; By Technology: Milking Robots, Precision Feeding Systems, Identification and Tracking; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Precision Livestock Farming Market Outlook
The global precision livestock farming market attained a value of about USD 3.1 billion in 2020. The market is further expected to grow at a CAGR of 9.5% during the forecast period of 2022-2027 to reach nearly USD 5.3 billion by 2026.
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The Rising Adoption of Advanced Technology is Augmenting the Market Growth of Precision Livestock Farming
The global market for precision livestock farming is primarily being driven by the emergence of technology like the Internet of Things (IoT) and artificial intelligence (AI) in almost every sector. The demand for advanced technology like robotics and automation in livestock management is rising due to the increasing demand for enhanced productivity, improved farm management, reduced labour and operational costs, and the ability to drive real-time data for better decision making. This is augmenting the market growth of precision livestock farming.
In addition, the rising market penetration of smartphones and the commonality of internet services is further stimulating the market growth of precision livestock farming by enabling farmers to have centralised control over farming operations. Furthermore, the implementation of precision livestock farming aids in improving animal welfare, decreasing illegal trading of livestock, reduce environmental footprint such as greenhouse gas emissions and results in enhanced rural stability. Thus, these factors are significantly contributing to the market growth of precision livestock farming.
Precision Livestock Farming: Market Segmentation
Precision livestock farming (PLF) is defined as a method used to manage and monitor individual animals more closely using real-time data to upscale operations and maintain animal health.
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The market, based on offering, can be segmented into:
- Hardware
- Software
- Services
On the basis of technology, the market can be divided into:
- Milking Robots
- Precision Feeding Systems
- Identification and Tracking
Based on applications, the market is categorised into:
- Milk Harvesting
- Feeding Management
- Livestock Health and Behaviour Monitoring
- Others
The EMR report looks into the regional markets of precision livestock farming like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Increasing Demand for Animal Food Supplies to Surge the Market Growth of Precision Livestock Farming
The growth in the global market for precision livestock farming is projected to be driven by the growing world population and the resultant increased demand for meat and eggs from various countries. In order to secure the food supplies for the growing world population, livestock farms are becoming larger and advanced in terms of management, with more animals per employee, which is expected to augment the demand for technology to aid in the management of livestock. This is expected to boost the market growth of precision livestock farming. Furthermore, precision livestock farming allows for transparency regarding the method of operation amidst rising concerns regarding animal welfare, which is further enhancing the market growth.
Moreover, the market growth in the forecast period is anticipated to be led by the hardware segment of the global market for precision livestock farming with components such as livestock farming equipment installed with sensors, RFID tags, and camera and sound systems, among other devices. These hardware components allow farmers to track real-time behaviour, including abnormalities, stress, or diseases in livestock, enabling farmers to take appropriate action and improve the living conditions of their livestock, thereby propelling the market growth.
Key Industry Players in the Global Precision Livestock Farming Market
The report presents a detailed analysis of the following key players in the global precision livestock farming market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Cargill, Incorporated
- Robert Bosch GmbH
- Fancom BV
- GEA Group Aktiengesellschaft
- Allflex
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Offering, Technology, Application, Region |
| Breakup by Offering | Hardware, Software, Services |
| Breakup by Technology | Milking Robots, Precision Feeding Systems, Identification and Tracking |
| Breakup by Application | Milk Harvesting, Feeding Management, Livestock Health and Behaviour Monitoring, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, Allflex, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Precision Livestock Farming Market Analysis
8.1 Key Industry Highlights
8.2 Global Precision Livestock Farming Historical Market (2017-2021)
8.3 Global Precision Livestock Farming Market Forecast (2022-2027)
8.4 Global Precision Livestock Farming Market by Offering
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Precision Livestock Farming Market by Technology
8.5.1 Milking Robots
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Precision Feeding Systems
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Identification and Tracking
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Precision Livestock Farming Market by Application
8.6.1 Milk Harvesting
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Feeding Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Livestock Health and Behaviour Monitoring
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Precision Livestock Farming Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cargill, Incorporated
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Robert Bosch GmbH
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Fancom BV
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 GEA Group Aktiengesellschaft
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Allflex
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Precision Livestock Farming Market: Key Industry Highlights, 2016 and 2026
2. Global Precision Livestock Farming Historical Market: Breakup by Offering (USD Billion), 2017-2021
3. Global Precision Livestock Farming Market Forecast: Breakup by Offering (USD Billion), 2022-2027
4. Global Precision Livestock Farming Historical Market: Breakup by Technology (USD Billion), 2017-2021
5. Global Precision Livestock Farming Market Forecast: Breakup by Technology (USD Billion), 2022-2027
6. Global Precision Livestock Farming Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Precision Livestock Farming Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Precision Livestock Farming Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Precision Livestock Farming Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Precision Livestock Farming Market Structure
Key Questions Answered in the Report
The global precision livestock farming market attained a value of nearly USD 3.1 billion in 2020.
The market is projected to grow at a CAGR of 9.5% in the forecast period of 2022-2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 5.3 billion by 2026.
The market is being driven by the rising integration of technology into farming practices in order to boost productivity and reduce labour and operational costs.
The market is expected to be defined by factors, such as increasing demand for animal food supplies and rising concerns regarding animal welfare, which are anticipated to boost the market growth in the coming years.
The major regional markets for precision livestock farming are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major offerings of precision livestock farming include hardware, software, and services.
The significant technologies of precision livestock farming are milking robots, precision feeding systems, and identification and tracking.
The different applications of precision livestock farming are milk harvesting, feeding management, and livestock health and behaviour monitor, among others.
The major players in the industry are Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, and Allflex, among others.
Analyst Review
The global precision livestock farming market attained a value of about USD 3.1 billion in 2020, driven by the growing demand for animal food supplies. Aided by the technological advancements, the market is expected to grow at a CAGR of 9.5% in the forecast period of 2022-2027 to reach nearly USD 5.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of offering, the market can be segmented into hardware, software, and services. Based on technology, the market can be divided into milking robots, precision feeding systems, and identification and tracking. The market, based on application, can be categorised into milk harvesting, feeding management, and livestock health and behaviour monitor, among others. The major regional markets for precision livestock farming are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, and Allflex, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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