CHICAGO, July 26, 2024 /PRNewswire/ --
The Feed Robotics Market is projected to
grow from USD 1.6 billion in 2024 to
USD 2.5 billion by 2029, at a CAGR of
11.5% from 2024 to 2029 according to a new report by
MarketsandMarkets™. The feed robotics market has seen
exponential growth in recent years, fueled by increasing growth in
the use of automation, artificial intelligence, & robotics as a
solution to many challenges on the farm, majorly related to the
shortage of the labor demands. The limitations created by the labor
shortage is not the only factor for the high adoption of artificial
intelligence on the farms. The factor such as learning more about
precision feeding and its importance to deliver its critical
nutrients in appropriate amounts at specific points in time to the
cattle also plays a vital role in the growing adoption of robotics
in feeding management.
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One significant driver of growth in the feed robotics market is
the expanding demand for automation in agriculture. Agricultural
sector faces a significant labor shortage worldwide and the feed
robotics provides a viable solution to this by automating the day
to day task and reducing the dependence on skilled labors. Further,
the efficiency and productivity through the usage of robotics
farmers can gain increased operational efficiency, reduced wastage
and improved overall farm productivity, making it an attractive
investment for farmers. Another prominent factor driving the
industry is the rising awareness and adoption of precision farming.
These sustainable farming practices are gaining traction as this
approach ensures optimal and timely feed utilization.
Moreover, the feed robotics market is witnessing several
significant mergers and acquisitions, reflecting the dynamic nature
of the market and the strategic moves by the companies for
enhancing the capabilities and market reach. This investment influx
has led to the scaling up of production capacities, technological
advancements, and aggressive marketing campaigns to promote
robotics in feed management. For instance, in 2023 Lely
International acquired Horizon Robotics, a startup specializing in
AI driven robotic solutions. The acquisition aimed to integrate
Horizon's advanced AI capabilities into Lely's existing product
line and focusing on enhancing the precision and efficiency of feed
robotics for dairy farms. Similarly, in 2022 DeLaval acquired
Connecterra, intending to combine both the companies technology
resulting in advanced and automated feeding solutions. These
mergers and acquisitions highlight the strategic efforts by the key
players to enhance their technological capabilities and expand
their geographical presence and improvise the overall productivity
and farm efficiency.
The feeding system is projected to hold the leading position
within the product type sector of the feed robotics market.
The global feed robotics market is witnessing significant
growth, with the feeding systems category projected to hold the
leading position within the product type category. This is driven
by various factors, which includes technological advancements,
integration of AI in machine learning, increased awareness of IoT
and Smart Sensors and robust automation capabilities. Advances in
the technology have led to development of highly automated feeding
systems which can perform complex tasks with minimal / zero
intervention of humans. Improved productivity and reduced labor
costs have been the major growth parameters, these systems can
handle large volumes of feed and distribute efficiently across.
Scalability is one of the growth drivers enabling high demand
for robotic feeding systems. These systems are scalable and can be
customized to meet the needs of various farm sizes and types. These
systems can be tailored to provide optimal feeding solutions.
Further the rising adoption of precision farming practices have
driven the accelerated growth of these systems. Feeding Systems are
integral to this approach and deliver precise amounts of feed based
on real time data, these systems also help in reducing the feed
wastage and promoting sustainable resources usage. Data driven
decision making further optimizes the operations. Feeding systems
which are installed with advanced data analytics provide valuable
input into feed efficiency, animal health, and the overall farm
performance. This has enabled the users to make informed decisions
which has optimized the costs and operations.
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Diverse End-User Applications of Feed Robotics: Transforming
Dairy, Poultry, Swine, and Aquaculture Farms
There has been high adoption of feed robotics in revolutionary
sectors within the agricultural industry including dairy farms,
swine farms, aquaculture, and poultry farms. Consistent and
accurate feeding schedules have improved the animal health and also
increased production yield by each type of animal. Based on real
time data farmers can monitor the feed intake and adjust the
portions which has promoted the overall animal welfare. Further the
improved hygiene has also driven the growing adoption of feed
robotics in farms. Reduced risk of contamination, and disease
transformation are vital in maintaining the hygiene standards for
animal health. In aquaculture, the feed robotics ensure precise
control of feed distribution which is very crucial to maintain the
water quality and promote healthy fish growth. Each sector with its
unique requirements stands to benefit the efficiency, paving the
way for productive and sustainable farming.
Europe Dominates Regional Share in Feed Robotics Market:
Government Initiatives and Farmer Readiness Drive Adoption.
Europe is at the forefront of
the global feed robotics market, accounting for the largest
regional share. This dominance is underlined by robust government
initiatives and subsidies, along with rising awareness and
readiness amongst the end users in Europe to adopt to new robotic technologies.
The European union and member states fund research and development
projects focused primarily on agricultural innovations. Programs
such as Horizon Europe allocates significant resources to the
advancing agricultural technologies. These initiatives are
programmed to encourage the development of next generation feed
robotics, enhancing their efficiency and affordability of farmers.
Willingness to invest in the new technologies have promised long
term benefits amongst European farmers. The high return on
investments offered by feed robotics systems have enhanced
efficiency and reduced operational costs. Further the availability
of government subsidies have reduced the financial burdens of
initial investments making the feed robotics systems available to
farmers at a broader reach. Further Europe focuses on proactive approach for
agricultural innovations. Government initiatives and subsidies such
as European Union's Common Agricultural Policy (CAP), National
Subsidy Programs, and research & development programs have
facilitated the adoption of feed robotics and advanced technologies
accessible to the farmers.
Key Market Players in this include Lely Holdings
(Netherlands), DeLaval
(Sweden), GEA (Germany), Triolet (Netherlands), HETWIN – FÜTTERUNGSTECHNIK
(Austria), ROVIBEC AGRI SOLUTIONS
INC. (Canada), AGCO CORPORATION
(US), Joz Fullwood (UK), Jeantil
Company (France), KUHN SAS
(France), Boumatic Robotics
(Netherlands), Wasserbuar
Futterugssteme (Switzerland).
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