NEW YORK, June 28, 2016 /PRNewswire/ -- The global dairy herd management market is projected to reach USD 2.90 billion by 2021 at a CAGR of ~7.8% during the forecast period. The growth of the dairy herd management market is primarily driven by the increasing herd sizes in dairy farms and rising consumption of milk and dairy products across the globe. Other factors such as the growing production of raw milk and technological advancements also aid the growth of this market.
In this report, the global dairy herd management market has been segmented into hardware and systems and standalone software. The hardware & systems segment is estimated to account for the largest share of the dairy herd management market in 2016; this large share is attributed to the rising demand for herd management systems as well as dairy products, increasing preference for automated hardware and systems, technological advancements, and increasing number of dairy cattle globally.
On the basis of application, the global dairy herd management market is segmented into milk harvesting, reproduction management, animal comfort, calf management, feeding management, heat stress management, and other applications (genetic management, cattle sorting, weighing, data analysis, decision support, and financial management). The milk harvesting segment is expected to account for the largest share of the dairy herd management market in 2016. A number of factors such as increasing preference for automated milk harvesting systems, high focus of farmers towards increasing milk yield, and growing demand for dairy products are driving the market growth in this application segment.
Geographically, Europe is estimated to command the largest share of the global dairy herd management market in 2016, followed by North America. The increasing number of dairy cows, high efficiency ratio along with positive growth rate of milk production, significant contribution of dairy industry, and large pool of dairy exports in Europe are driving the market growth in the region. The APAC dairy herd management market is expected to witness the highest growth during the forecast period owing to the increasing demand for milk and milk products as a result of the rising population, growing disposable incomes, rapid urbanization, and implementation of government initiatives towards the development of the dairy farming industry.
As of 2015, the global dairy herd management market was dominated by Delaval (Sweden), GEA Group AB (Germany), and Afimilk Ltd. (Israel). These three companies jointly accounted for more than 75% of the market in 2015. Other key players in the dairy herd management market include BouMatic (U.S.), Dairy Master (Ireland), Infovet (India), Lely Holdings S.A.R.L (Netherlands), SCR Dairy, Inc. (Israel), Sum-It Computer Systems, Ltd. (U.K.), and Valley Agriculture Software (U.S.).
Reasons to Buy the Report:
This research report focuses on various levels of analysis—market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the dairy herd management market, high growth regions and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities. The above mentioned market research data, current market size, and forecast of future trends will help existing players and new entrants to make the necessary decisions regarding product offerings, geographic focus, changes in strategic approach, R&D investments for innovation in products and technologies, and levels of output in order to remain successful.
Firms purchasing the report could use any one or combination of the below-mentioned four strategies (market penetration, product development/innovation, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the dairy herd management offered by the top 10 players in the global dairy herd management market. The report analyzes the dairy herd management market by product, application, and region
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various dairy herd management products across key geographic regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global dairy herd management market
- Competitive Assessment: In-depth assessment of market shares, products, and recent developments of the leading players in the global dairy herd management market
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