Reports
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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 (2016-2026); 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 2021-2026 to reach nearly USD 5.3 billion by 2026.
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: Industry Definition and 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.
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.
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020)
8.3 Global Precision Livestock Farming Market Forecast (2021-2026)
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 (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
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 (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Precision Feeding Systems
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Identification and Tracking
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
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 (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Feeding Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Livestock Health and Behaviour Monitoring
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
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 (2016-2020)
9.1.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.2.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.3.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.4.2 Forecast Trend (2021-2026)
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 (2016-2020)
9.5.2 Forecast Trend (2021-2026)
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 EMR’s Key Indicators for Demand
10.4 EMR’s 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 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), 2016-2020
3. Global Precision Livestock Farming Market Forecast: Breakup by Offering (USD Billion), 2021-2026
4. Global Precision Livestock Farming Historical Market: Breakup by Technology (USD Billion), 2016-2020
5. Global Precision Livestock Farming Market Forecast: Breakup by Technology (USD Billion), 2021-2026
6. Global Precision Livestock Farming Historical Market: Breakup by Application (USD Billion), 2016-2020
7. Global Precision Livestock Farming Market Forecast: Breakup by Application (USD Billion), 2021-2026
8. Global Precision Livestock Farming Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Precision Livestock Farming Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2021-2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 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 2021-2026 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global agricultural equipment market attained a value of about USD 164.8 billion in 2020, driven by favourable government incentives. Aided by integration of digital technology, the market is expe...
The global gardening equipment market attained a value of USD 84.3 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 3.95% to reach a value of US...
The global bio-agriculture market attained a value of USD 9.5 billion in 2020, driven by the rising demand for organic food. Aided by the growing technological advancements, the market is expected to ...
Micro Irrigation Systems Market Size, Share, Growth, Report 2021-2026
Forestry Equipment Market Size, Share, Report and Forecast 2021-2026
NEWSLETTER