Description

The global dairy herd management market valued US 2,734.2 Mn in 2020 and is poised to grow with a CAGR of 6.5% over 2021-2027. Increase in herd size, innovation and proliferation of dairy equipment, rising government initiatives toward dairy herd management, enhancement of complementary technologies and rising awareness about the availability of these systems are some key factors influencing the market growth. However, factors such as environmental issues resulting from dairy farming and dearth of trained dairy professionals are hampering the market growth. Dairy equipment innovation and proliferation are expected to be significant drivers of market expansion. As a consequence of increased installation and mass production of associated goods like as sensors and integrated circuits, the cost of dairy herd management systems is projected to fall in the near future. Further, rapid urbanization and high growth in emerging economies provides huge growth opportunity for the market growth. Global dairy herd management market report gives comprehensive outlook on dairy herd management across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific and RoW. The report gives historical, current, and future market sizes (US$ Mn) on the basis of type, application, end-user and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global dairy herd management products.

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