Reports
Global Precision Livestock Farming Market Forecast: By Offering; Hardware, Software, Services; By Technology: Milking Robots, Precision Feeding Systems, Identification and Tracking; By Application: Milk Harvesting, Feeding Management, Livestock Health and Behaviour Monitoring, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Precision Livestock Farming Market Outlook
The global precision livestock farming market attained a value of about USD 4.07 billion in 2023. The market is further expected to grow at a CAGR of 9.4% during the forecast period of 2024-2032 to reach nearly USD 9.13 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 Opportunities and Challenges in the Market
8 Global Precision Livestock Farming Market Analysis
8.1 Key Industry Highlights
8.2 Global Precision Livestock Farming Historical Market (2018-2023)
8.3 Global Precision Livestock Farming Market Forecast (2024-2032)
8.4 Global Precision Livestock Farming Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Precision Livestock Farming Market by Technology
8.5.1 Milking Robots
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Precision Feeding Systems
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Identification and Tracking
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Precision Livestock Farming Market by Application
8.6.1 Milk Harvesting
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Feeding Management
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Livestock Health and Behaviour Monitoring
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Precision Livestock Farming Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Precision Livestock Farming Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Precision Livestock Farming Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Precision Livestock Farming Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Precision Livestock Farming Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Precision Livestock Farming Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cargill, Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Robert Bosch GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Fancom BV
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 GEA Group Aktiengesellschaft
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Allflex
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Precision Livestock Farming Market: Key Industry Highlights, 2018 and 2032
2. Global Precision Livestock Farming Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Precision Livestock Farming Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Precision Livestock Farming Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Precision Livestock Farming Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Precision Livestock Farming Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Precision Livestock Farming Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Precision Livestock Farming Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Precision Livestock Farming Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 4.07 billion in 2023.
The market is projected to grow at a CAGR of 9.4% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.13 billion by 2032.
The major market drivers include the rising integration of technology into farming practices in order to boost productivity and reduce labour and operational costs and the emergence of technology like the Internet of Things (IoT) and artificial intelligence (AI).
The key trends propelling the market demand include the growing smartphone penetration, the increasing focus on animal welfare, and the surging integration of sensors, RFID tags, and camera and sound systems in precision livestock farming equipment.
The major regional markets for precision livestock farming are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant segments based on offerings of precision livestock farming considered in the market report are hardware, software, and services.
Milking robots, precision feeding systems, and identification and tracking are the major technologies considered in the market report.
The different applications of precision livestock farming are milk harvesting, feeding management, and livestock health and behaviour monitoring, among others.
The major players in the market 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 4.07 billion in 2023, driven by the growing demand for animal food supplies. Aided by the technological advancements, the market is expected to grow at a CAGR of 9.4% in the forecast period of 2024-2032 to reach nearly USD 9.13 billion by 2032.
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
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
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
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did 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.
NEWSLETTER