Precision Livestock Farming Market by Functional Process (Climate Control, Water Usage, Feed Dosage, Weight Estimates, Animal Behaviour), Hardware (Camera, Milking Robots, Sensors, Microphones), Application, and Geography - Analysis & Forecast to 2019 - 2024
[161 Pages Report] The precision livestock farming market is estimated to be worth USD 3.0 billion in 2019 and is projected to reach USD 4.6 billion by 2024, at a CAGR of 9.2% from 2019 to 2024. The major drivers for the market are increasing consolidation of livestock farms, increasing herd size of dairy farms, increasing adoption of livestock farming robots and livestock monitoring devices, and increasing labor cost owing to shortage of skilled labor.
Precision livestock farming technology has the potential to transform the livestock sector, making traditional livestock farming activities more efficient and economical. Increasing global demand for dairy products, extended profitability and high yield, and minimum impact on the environment and climate change are fueling the growth of the precision livestock farming market. Also, government initiatives in the form of incentives in many countries are helping livestock farmers to adopt advanced technological tools to improve yield.
“Market for the hardware required in livestock farming systems is expected to hold the largest share during the forecast period.”
Based on offering, the precision livestock farming market has been classified into hardware, software, and services. Hardware held the largest market share owing to the high adoption of automation and control devices, such as sensors, robotics component, RFID tags, GPS, and climate control systems.
“Milking robots are expected to hold the largest market share from 2019 to 2024.”
The advent of connected and autonomous milking robots on dairy farms owing to substantial labor cost saving associated with it is a major reason for the high adoption of milking robots. Milking robots offer substantial cost advantage over traditional and conventional milking techniques. Furthermore, traditional techniques are unsuitable for large, commercial dairy farming operations. A sustained increase in the demand for high-quality dairy products is expected to increase the adoption of milking robots across the globe.
“Milk harvesting application is expected to hold the largest precision livestock farming market share from 2019 to 2024.”
Several factors such as the increasing preference for automated milk harvesting systems, the focus of farmers towards increasing the milk yield, and growing demand for dairy products are driving the market growth. Automated milk harvesting reduces labor cost, increases milking efficiency, and leads to higher milk yields.
Milk harvesting software is also used to devise and maintain harvesting schedules for each animal. These benefits of automated milk harvesting systems, coupled with the scarcity of personnel for milking cows, are the major factors driving the precision livestock farming market growth. The increasing adoption of milking robots on dairy farms across the globe is expected to propel the growth of the milk harvesting management.
“Europe expected to account for the largest market share from 2019 to 2024.”
Europe to hold the largest precision livestock farming market size between 2019 and 2024 owing to widespread automation of livestock farms in Western Europe. Increasing herd size, rising labor cost due to a severe shortage of labor force are the major factors for the high adoption of livestock technology in this region. Growing replacement of older milking systems with advanced and sophisticated ones in European countries is further expected to boost the growth of the precision livestock farming market in this region.
Key Market Players
Key players in the precision livestock farming market are DeLaval (Sweden), GEA Farm Technology (Germany), Lely (Netherlands), Antelliq (France), Dairy Master (Ireland), Afimilk (Israel), BouMatic (US), Fancom B.V. (Netherlands), Fullwood Paco Ltd. (UK), Waikato Milking System (New Zealand), HokoFarm-Group (Netherlands), Trioliet B.V (Netherlands), VDL Agrotech (Netherlands), IceRobotics (UK), HID Global (US), Cainthus (Ireland), Connecterra (Netherlands), MiRobot (Israel), Farm Control (Portugal), Aleis Pty Ltd (Australia), Moocall (Ireland), and Cowlar (US). These players adopt various strategies, such as product developments, mergers, partnerships, collaborations, and expansions, to cater to customer demands.
Report Scope
|
Report Metric |
Details |
|
Market size available for years |
2016-2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Technology, Offering, Application, and Region |
|
Geographies covered |
Americas, Europe, APAC, and RoW |
|
Companies covered |
DeLaval (Sweden), GEA Farm Technology (Germany), Lely (Netherlands), Antelliq (France), Dairy Master (Ireland), Afimilk (Israel), BouMatic (US), Fancom B.V. (Netherlands), Fullwood Paco Ltd. (UK), Waikato Milking System (New Zealand), HokoFarm-Group (Netherlands), Trioliet B.V (Netherlands), VDL Agrotech (Netherlands), IceRobotics (UK), HID Global (US), Cainthus (Ireland), Connecterra (Netherlands), MiRobot (Israel), Farm Control (Portugal), Aleis Pty Ltd (Australia), Moocall (Ireland), and Cowlar (US) Total 20 major players covered |
The precision livestock farming market comprises technology providers such as DeLaval (Sweden), GEA Farm Technology (Germany), Lely (Netherlands), Antelliq (France), Dairy Master (Ireland), Afimilk (Israel), BouMatic (US), Trioliet B.V (Netherlands), VDL Agrotech (Netherlands), Cainthus (Ireland), Connecterra (Netherlands), and MiRobot (Israel).
The report also describes the drivers, restraints, opportunities, and challenges for the growth of the precision livestock farming market. In addition to the in-depth view on market segmentation, the report includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends. The report targets technology providers, software and service providers, system integrators, and end-user industries.
The precision livestock farming market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The market has been segmented as below:
Precision Livestock farming Market, by Application
- Milk harvesting
- Feeding Management
- Livestock Behaviour and Health Monitoring
- Others
Precision Livestock farming Market, by Technology
- Milking Robots
- Precision Feeding Systems
- Identification & Tracking
Precision Livestock farming Market, by Offering
- Hardware
- Software
- Services
Precision Livestock farming Market, by Region
- Americas
- North America
- South America
- Europe
- APAC
- RoW
Recent Developments
- In April 2019, Merck acquired Antelliq Corporation to become a leader in emerging digital technology for livestock.
- In June 2018, DeLaval launched VMS™ milking system V300
- In January 2017, GEA introduced DairyRobot R9500, a new box-style robot to enhance the milking process and increase on-farm efficiency.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming industry applications of precision livestock farming?
- Who are the important players in the market?
- What are the upcoming products and technologies in the precision livestock farming market?
- What are the major drivers, restraints, opportunities, and challenges for the precision livestock farming market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographical Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Major Assumptions Considered While Estimating Global Market
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 36)
4.1 Attractive Opportunities in Market
4.2 Market in Europe, By Technology and Country
4.3 Market, By Application
4.4 Market, By Offering
4.5 Geographic Analysis of Market
5 Market Overview (Page No. - 40)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of IoT and AI in Dairy Farms
5.2.1.2 Increasing Need for Optimization of Dairy Herds
5.2.1.3 Growing Demand for Protein, Food Traceability, and Food Safety
5.2.1.4 Substantial Cost-Saving Associated With Livestock Monitoring Management
5.2.2 Restraints
5.2.2.1 High Initial Investment
5.2.2.2 Lack of Technological Awareness Among Dairy Farmers
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Livestock Monitoring Technology in Developing Countries
5.2.3.2 Increasing Number of Dairy Farms
5.2.4 Challenges
5.2.4.1 Stringent Regulations and High Trade Barriers
5.2.4.2 Environmental Concern and Global Warming
6 Industry Trends (Page No. - 47)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Major Market Players in Market
6.3 Industry Trends
6.3.1 Advent of AI and Blockchain in Livestock to Influence Market Expansion
6.3.2 Milking Robots and Feeding Robots to Mitigate Labor Shortage
7 Market, By Offering (Page No. - 50)
7.1 Introduction
7.2 Hardware
7.2.1 Robotics Hardware
7.2.1.1 Increasing Herd Size of Dairy Farms and Rising Labor Costs Expected to Propel the Growth of Robotics Hardware Component
7.2.2 RFID Tags & Readers
7.2.2.1 Increasing Adoption of Low Frequency RFID Tags for Identification & Tracking of Livestock
7.2.3 Sensors
7.2.3.1 Temperature Sensor
7.2.3.2 Accelerometer Sensor
7.2.3.3 Motion Sensor
7.2.3.4 Environmental Humidity Sensor
7.2.3.5 Others
7.2.4 Cameras
7.2.4.1 Increasing Awareness Among Ranchers for Remote Monitoring of Livestock Expected to Propel the Growth of Cameras
7.2.5 GPS
7.2.5.1 Increasing Demand for Livestock Location Tracking is Major Factor Driving the Growth of GPS
7.2.6 Others
7.3 Software
7.3.1 On-Cloud
7.3.1.1 Rising Demand for Software-As-A-Solution (SaaS) Model in Market
7.3.2 On-Premise
7.3.2.1 Various Benefits Associated With on Premise Software to Propel the Adoption of This Segment
7.4 Services
7.4.1 System Integration & Deployment
7.4.2 Managed Service
7.4.3 Maintenance and Support
8 Market, By Technology (Page No. - 67)
8.1 Introduction
8.2 Milking Robots
8.2.1 Single-Stall Unit
8.2.1.1 Increasing Adoption of Single–Stall Milking Unit on Small to Medium Sized Dairy Farms
8.2.2 Multi Stall Unit
8.2.2.1 Increasing Demand for Multi Stall Unit on Dairy Farms With Herd Size 100 to 1,000
8.2.3 Automated Milking Rotary
8.2.3.1 Consolidation of Dairy Farms in Developed Region to Boost the Growth of Automated Milking Rotary
8.3 Precision Feeding Systems
8.3.1 Increasing Adoption of Feeding Robots to Mitigate Labor Shortage Issue Expected to Propel the Market Growth
8.4 Livestock Identification & Tracking
8.4.1 Increasing Adoption of Active RFID Tags on Medium to Large Livestock Farms to Accelerate Demand for Livestock Identification & Tracking Devices
9 Market, By Application (Page No. - 80)
9.1 Introduction
9.2 Milk Harvesting
9.2.1 Rising Demand for Milking Robots on Dairy Farms to Propel the Growth of Milk Harvesting Application
9.3 Feeding Management
9.3.1 Increasing Awareness Among Dairy Farm Owners for Accurate Diet Formulation
9.4 Livestock Behavior and Health Monitoring
9.4.1 Increasing Awareness Among Ranchers and Dairy Farm Owners to Track Heat Detection and Early Disease Identification
9.5 Other Applications
10 Geographic Analysis (Page No. - 89)
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.1.1 The US Accounted for the Largest Share of Market in North America
10.2.1.2 Canada
10.2.1.2.1 High Dairy Farm Operational Cost and Unavailability of Skilled Farmers to Drive Market in Canada
10.2.1.3 Mexico
10.2.1.3.1 Market in Mexico to Witness Highest CAGR in North America
10.2.2 South America
10.2.2.1 Brazil
10.2.2.1.1 Brazil Accounted for the Largest Share of Market in South America
10.2.2.2 Argentina
10.2.2.2.1 Market in Argentina to Witness Highest Growth in South America
10.2.2.3 Rest of South America
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany to Hold Largest Share of Market in Europe During the Forecast Period
10.3.2 Netherland
10.3.2.1 Increasing Herd Size and Rising Labor Cost to Propel Demand for Market in Netherland
10.3.3 UK
10.3.3.1 UK to Witness an Increasing Adoption of Precision Livestock Farming Technologies Between 2019 and 2024
10.3.4 France
10.3.4.1 Increasing Adoption of Precision Livestock Farming Technology to Boost Market Demand in France
10.3.5 Denmark
10.3.5.1 High Adoption of Milking Robots in Denmark
10.3.6 Sweden
10.3.6.1 Higher Adoption of Livestock Technology in Sweden
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China Accounted for Largest Market Share in Asia Pacific
10.4.2 Australia & New Zealand
10.4.2.1 Australia & New Zealand Accounted for Second Largest Market Share in Asia Pacific
10.4.3 Japan
10.4.3.1 Aging Workforce and Increasing Government Incentives to Boost Demand for Milking Robots and Feeding Robots in Japan
10.4.4 India
10.4.4.1 Market in India Expected to Witness Stronger Growth Owing to Government Initiatives and Focus on Increasing Dairy Productivity
10.4.5 Rest of Asia Pacific
10.5 Rest of World
10.5.1 Africa
10.5.1.1 Weak Exchange Rate in African Countries and Low-Profit Margins are Major Challenges
10.5.2 Middle East
10.5.2.1 Increasing R&D Investments to Boost Adoption of Automated Milking System and Feeding Robots
10.5.3 Others
11 Competitive Landscape (Page No. - 114)
11.1 Introduction
11.2 Market Ranking Analysis for the Market, 2018
11.3 Competitive Leadership Mapping, 2018
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies
11.4 Strength of Product Portfolio (25 Players)
11.5 Business Strategies Excellence (25 Players)
11.6 Competitive Situation and Trends
11.6.1 New Product Launches
11.6.2 Agreements, Partnerships, and Contracts
11.6.3 Mergers and Acquisitions
12 Company Profiles (Page No. - 123)
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
12.1 Key Players
12.1.1 Delaval (Subsidiary of Tetra Laval International, S.A.)
12.1.2 Antelliq (Subsidiary of Merck & Co., Inc.)
12.1.3 GEA Farm Technology (GEA Group AG)
12.1.4 Afimilk Ltd.
12.1.5 Boumatic, LLC
12.1.6 Lely International N.V.
12.1.7 Dairymaster
12.1.8 Fancom B.V. (Subsidiary of Ctb International Corp.)
12.1.9 Fullwood Packo. Ltd
12.1.10 Waikato Milking Systems Lp
12.2 Other Players
12.2.1 Hokofarm Group
12.2.2 Trioliet B.V.
12.2.3 VDL Agrotech (VDL Groep)
12.2.4 Icerobotics
12.2.5 HID Global
12.3 Key Innovator
12.3.1 Cainthus
12.3.2 Connecterra
12.3.3 MI Robot Ltd.
12.3.4 Farm Control
12.3.5 Aleis Pty Ltd.
12.3.6 Moocall
12.3.7 Cowlar
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
13 Appendix (Page No. - 155)
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customization
13.5 Related Reports
13.6 Author Details
List of Tables (65 Tables)
Table 1 Precision Livestock Farming Market, By Offering, 2016–2024 (USD Million)
Table 2 Market for Hardware, By Type, 2016–2024 (USD Million)
Table 3 Market for Hardware, By Technology, 2016–2024 (USD Million)
Table 4 Market for Hardware, By Geography, 2016–2024 (USD Million)
Table 5 Market for Robotics Hardware, By Geography, 2016–2024 (USD Million)
Table 6 Market for RFID Tags & Readers, By Geography, 2016–2024 (USD Million)
Table 7 Market for Sensors, By Geography, 2016–2024 (USD Million)
Table 8 Market for Software, By Type, 2016–2024 (USD Million)
Table 9 Market for Software, By Technology, 2016–2024 (USD Million)
Table 10 Market for Software, By Geography, 2016–2024 (USD Million)
Table 11 Market for Cloud-Based Software, By Technology, 2016–2024 (USD Million)
Table 12 Market for On-Premise Software, By Technology, 2016–2024 (USD Million)
Table 13 Market for Services, By Type 2016–2024 (USD Million)
Table 14 Market for Services, By Technology, 2016–2024 (USD Million)
Table 15 Market for Services, By Geography, 2016–2024 (USD Million)
Table 16 Market, By Technology, 2016–2024 (USD Million)
Table 17 Global Milking Robots Installed Base, 2016–2024 (Units)
Table 18 Global Milking Robots Sales Volume, 2016–2024 (Units)
Table 19 Milking Robots Market, By Offering, 2016–2024 (USD Million)
Table 20 Milking Robots Market, By Application, 2016–2024 (USD Million)
Table 21 Milking Robots Market, By Dairy Farm Application, 2016–2024 (USD Million)
Table 22 Milking Robots Market, By Geography, 2016–2024 (USD Million)
Table 23 Precision Feeding System Market, By Offering, 2016–2024 (USD Million)
Table 24 Precision Feeding System Market, By Application, 2016–2024 (USD Million)
Table 25 Precision Feeding System Market, By Species Type, 2016–2024 (USD Million)
Table 26 Precision Feeding System Market, By Geography, 2016–2024 (USD Million)
Table 27 Livestock Identification & Tracking Market, By Type, 2016–2024 (USD Million)
Table 28 Livestock Identification & Tracking Market, By Offering, 2016–2024 (USD Million)
Table 29 Livestock Identification & Tracking Market, By Application, 2016–2024 (USD Million)
Table 30 Livestock Identification & Tracking Market, By Species Type, 2016–2024 (USD Million)
Table 31 Livestock Identification & Tracking Market, By Geography, 2016–2024 (USD Million)
Table 32 Market, By Application, 2016–2024 (USD Million)
Table 33 Precision Livestock Milk Harvesting Market, By Technology, 2016–2024 (USD Million)
Table 34 Precision Livestock Milk Harvesting Market, By Geography, 2016–2024 (USD Million)
Table 35 Market for Feeding Management, By Technology, 2016–2024 (USD Million)
Table 36 Market for Feeding Management, By Geography, 2016–2024 (USD Million)
Table 37 Market for Behavior & Health Monitoring Management, By Technology, 2016–2024 (USD Million)
Table 38 Precision Livestock Behavior & Health Monitoring Market, By Geography, 2016–2024 (USD Million)
Table 39 Market for Other Application, By Technology, 2016–2024 (USD Million)
Table 40 Market for Other Application, By Geography, 2016–2024 (USD Million)
Table 41 Market, By Geography, 2016–2024 (USD Million)
Table 42 Market in Americas, By Technology, 2016–2024 (USD Million)
Table 43 Market in Americas, By Offering, 2016–2024 (USD Million)
Table 44 Market in Americas, By Region, 2016–2024 (USD Million)
Table 45 Market in North America, By Technology, 2016–2024 (USD Million)
Table 46 Market in North America, By Offering, 2016–2024 (USD Million)
Table 47 Market in North America, By Country, 2016–2024 (USD Million)
Table 48 Market in US, By Technology, 2016–2024 (USD Million)
Table 49 Market in Canada, By Technology, 2016–2024 (USD Million)
Table 50 Market in Mexico, By Technology, 2016–2024 (USD Million)
Table 51 Market in South America, By Technology, 2016–2024 (USD Million)
Table 52 Market in South America, By Offering, 2016–2024 (USD Million)
Table 53 Market in South America, By Country, 2016–2024 (USD Million)
Table 54 Market in Europe, By Technology, 2016–2024 (USD Million)
Table 55 Market in Europe, By Offering, 2016–2024 (USD Million)
Table 56 Market in Europe, By Country, 2016–2024 (USD Million)
Table 57 Market in Asia Pacific, By Technology, 2016–2024 (USD Million)
Table 58 Market in Asia Pacific, By Offering, 2016–2024 (USD Million)
Table 59 Market in Asia Pacific, By Country, 2016–2024 (USD Million)
Table 60 Market in RoW, By Technology, 2016–2024 (USD Million)
Table 61 Market in RoW, By Offering, 2016–2024 (USD Million)
Table 62 Market in RoW, By Region, 2016–2024 (USD Million)
Table 63 Product Launches and Developments, 2016–2018
Table 64 Agreements, Partnerships, and Contracts, 2016–2018
Table 65 Merger and Acquisitions, 2016–2018
List of Figures (44 Figures)
Figure 1 Precision Livestock Farming Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Increasing Use of Digital Technology on Livestock Farms to Drive Market Growth Between 2019 and 2024
Figure 6 Hardware to Hold Largest Share of Market in 2019
Figure 7 Livestock Behaviour & Health Monitoring Application Segment to Grow at Highest CAGR From 2019 to 2024
Figure 8 Milking Robots to Dominate Market in 2019
Figure 9 Asia Pacific Followed By South America Expected to Grow at Highest CAGR During Forecast Period
Figure 10 Increasing Labor Cost and Consolidation of Dairy Farms to Propel Growth of Market
Figure 11 Germany to Hold Largest Share of European Market in 2019
Figure 12 Milk Harvesting Application to Hold Largest Share of Market During 2019–2024
Figure 13 Hardware Segment Expected to Dominate Market During Forecast Period
Figure 14 Market in Japan to Grow at Highest CAGR During Forecast Period
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Livestock RFID Tags Installed Base, 2016–2032 (Million Units)
Figure 17 Global Milking Robots Installed Base, 2017–2030 (Units)
Figure 18 Cattle Inventory of Major Countries in 2018 (Million Units)
Figure 19 Value Chain Analysis Market
Figure 20 Livestock Market for Services Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Robotics Hardware Component to Hold Largest Market Size in 2019
Figure 22 Precision Livestock Farming Hardware Market in APAC to Grow at Highest CAGR During the Forecast Period
Figure 23 Precision Livestock Farming Sensors Market in Europe to Hold Largest Market in 2019
Figure 24 Milking Robots Software Market to Hold Largest Market Size During Forecast Period
Figure 25 System Integration and Consulting Services to Hold Largest Market Size Between 2019 and 2024
Figure 26 Identification & Tracking Devices Market Expected to Grow at Highest CAGR From 2019 to 2024
Figure 27 Milking Robots Services Market to Grow at Highest CAGR During the Forecast Period
Figure 28 Europe to Hold Largest Market Size for Milking Robots Between 2019 and 2024
Figure 29 Precision Feeding Systems Market to Grow at Highest CAGR During the Forecast Period
Figure 30 Livestock Identification & Tracking Devices Market in Asia Pacific to Grow at Highest CAGR During the Forecast Period
Figure 31 Livestock Behavior & Health Monitoring Application to Grow at Highest CAGR Between 2019 and 2024
Figure 32 Milk Harvesting Market in APAC Expected to Grow at Highest CAGR During the Forecast Period
Figure 33 Precision Livestock Feeding Management in Europe to Held Largest Market Size in 2019
Figure 34 Precision Livestock Behavior & Health Monitoring Market in APAC to Grow at Highest CAGR During the Forecast Period
Figure 35 Market: Geographic Snapshot
Figure 36 North America: Market Snapshot
Figure 37 South America: Market Snapshot
Figure 38 Europe: Market Snapshot
Figure 39 Asia Pacific: Market Snapshot
Figure 40 New Product Launches: Key Strategies Adopted By the Key Players Between 2016 and 2018
Figure 41 Market Ranking of the Top 5 Players in the Market, 2018
Figure 42 Market (Global) Competitive Leadership Mapping, 2018
Figure 43 Delaval: Company Snapshot
Figure 44 GEA Farm Technology (Subsidiary of GEA Group AG): Company Snapshot
The study involved 4 major activities in estimating the size of the precision livestock farming market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. Thereafter, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments.
Secondary Research
In the precision livestock farming market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the market, along with other dependent submarkets. The key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Primary Research
The precision livestock farming market supply chain comprises several stakeholders such as dairy farm equipment manufacturers, device manufacturers, technology and solution providers, and system integrators. The demand side of this market is characterized by government, corporate livestock farming companies, commercial livestock farms, livestock research institutes, family-owned dairy farms, and livestock associations; the supply side is characterized by component suppliers, solution providers, and system integrators. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of the primary respondents is provided below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:
- The key players in the market were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
The main objectives of this study are:
- To define, analyze, and forecast the market, in terms of value and volume, by technology, offering, application, and geography
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
- To forecast the market for various segments with respect to 4 regions—Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, and detail the competitive landscape for market leaders
Available Customizations:
- Country-wise Information:
- Detailed analysis of various hardware, software, and services for each country.
Detailed analysis of Technology types–milking robots, precision feeding system, and identification & tracking in each country
- Company Information:
Detailed analysis and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Precision Livestock Farming Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Precision Livestock Farming Market