DUBLIN, February 3, 2023 /PRNewswire/ — Dairy Herd Management – Global Strategic Business Report has been added to from ResearchAndMarkets.com offer.
Global dairy herd management market to reach $5.4 billion by 2030
The global dairy herd management market estimated at US$3.6 billion in 2022, is expected to reach a revised size of US$5.4 billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
Automated Systems, one of the segments analyzed in the report, is expected to register a CAGR of 6.2% and reach US$3.5 billion at the end of the analysis period. Given the ongoing post-pandemic recovery, stand-alone software segment growth is readjusted to a revised CAGR of 3.8% for the next 8-year period.
The US market is estimated at $978 millionWhile China is expected to grow at a CAGR of 8.9%
The dairy herd management market in the United States is estimated at US$978 million in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$1.2 billion by 2030 with a CAGR of 8.9% over the analysis period from 2022 to 2030.
Other notable geographic markets include Japan and Canada, each expected to grow by 1.7% and 5.8% respectively over the 2022-2030 period. In Europe, Germany is expected to grow at a CAGR of approximately 2.9%.
Around 2023
The global economy is at a critical crossroads with a number of interrelated challenges and crises unfolding in parallel.
Food and energy inflation will remain a persistent economic problem. Rising retail price inflation will affect consumer confidence and spending. As governments fight inflation by raising interest rates, new job creation will slow and impact economic activity and growth. A drop in capital spending is in sight as companies slow down their investments, held back by fears of inflation and weaker demand.
With slower growth and high inflation, developed markets look poised for recession. Fears of new COVID outbreaks and China The already uncertain post-pandemic trajectory poses a real risk that the world will face deeper supply chain challenges and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, a stricter regulatory environment and the pressure to integrate climate change into economic decisions will compound the complexity of the challenges ahead. 2023 is expected to be a tough year for most markets, investors and consumers.
Nevertheless, there are always opportunities for companies and their leaders who can lead the way with resilience and adaptability.
What’s new ?
- Special coverage on Russia–Ukraine war; global inflation; relaxation of the zero-Covid policy in China and its “bumpy” reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and percentage market shares of main competitors
- Market presence in multiple geographies – Strong/Active/Niche/Trivial
- Peer-to-peer collaborative online interactive updates
- Access to digital archives and research platform
- Free updates for one year
Main topics covered:
I. METHODOLOGY
II. SUMMARY
1. MARKET OVERVIEW
- Overview of the influencer market
- Dairy Herd Management Market Expected to Grow Moderately
- Automated systems will record the largest share
- Dairy herd management – Percentage of market share of the main global competitors in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)
- Impact of Covid-19 and a looming global recession
2. FOCUS ON CERTAIN PLAYERS
- A prelude to the best players
- Global Dairy Herd Management Market: Product Sales Volume Percentage Market Share Breakdown by Major Players
- Afimilk Ltd.
- Boumatic Robotics, B.V.
- Dairymaster UNITED STATES Inc.,
- DeLaval
- Farmtec as
- farm helper
- Fullwood Ltd.
- GEA SA Group
- Lely Holding S.arl
- Pearson International LLC.
- SCR (Engineers) Ltd.
- Sum-It Computer Systems, Ltd.
- Trioliet B.V.
- Valley Agricultural Software (VAS)
- Waikato NZ LP milking systems.
3. MARKET TRENDS AND DRIVERS
- Increase in herd size to stimulate demand
- Increase in consumption and production of milk and dairy products to drive market growth
- Increased financing and investment in dairy farm development to drive market demand
- Technological advancements to support market growth
- A Look at the Cost Factor in Dairy Herd Management
- Market challenges
4. GLOBAL MARKET OUTLOOK
For more information about this report visit https://www.researchandmarkets.com/r/sqpy2n-herd?w=5
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SOURCE Research and Markets
