By 2033, the sector is expected to consistently expand at a 6.5% CAGR. The revenue share of the cattle feeder panels market is predicted to rise from USD 6,190 million in 2023 to USD 11,619 million by 2033, according to FMI.
The cattle feeder panels market is expanding due to the increase in demand for dairy farming and animal husbandry. The market is being pushed by the increased demand for dairy products, high-quality animal feed, and the rising need for livestock feed.
The boosting need for dairy products globally is going to have a favourable effect on the demand for cow feeder panels. As cattle feeder panels are simpler and more affordable to install than other housing options, dairy farmers are employing them frequently to house their cattle.
The adoption of cattle feeder panels is being driven by increased awareness of tools' advantages, as well as the rising need for effective feeds. The market is anticipated to be driven by the rising demand for automated features, such as a changeable feed rate. This leads the industry to adopt cutting-edge technology like RFID tags and digital ear tags.
| Attributes | Details |
|---|---|
| Cattle Feeder Panels Market CAGR (2023 to 2033) | 6.5% |
| Cattle Feeder Panels Market Size (2023) | USD 6,190 million |
| Cattle Feeder Panels Market Size (2033) | USD 11,619 million |
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When compared to the 5.8% CAGR recorded between 2016 to 2022, the cattle feeder panels industry is predicted to expand at a 6.5% CAGR between 2023 to 2033. The average growth of the market is expected to be around 1.06x between 2022 to 2023.
| Market Statistics | Details |
|---|---|
| Market Share (2016) | USD 4,139.4 million |
| Market Share (2021) | USD 5,492.6 million |
| Market Share (2022) | USD 5,812.2 million |
Short-term Growth (2023 to 2026): the rising demand for enhanced feed management, animal health, and productivity has an impact on short-term growth.
Medium-term Growth (2027 to 2029): It is projected that increased demand for processed meat products is likely to benefit the market share.
Long-term Growth (2030 to 2033): The growing demand for organic and bio-based feed products is anticipated to fuel the long-term market expansion.
The use of high-tech, automated feeder panels is becoming common, since it makes feeding livestock more productive and affordable. Moreover, there is a greater emphasis on creative designs that promote safety for both cattle and workers.
The cattle feeder panels business is still relatively small, but it is expanding quickly as a result of rising farmer demand for these panels. In order to better manage their herds and increase the effectiveness of their operations, farmers have recently increased their investment in cattle feeder panels.
The two common strategies adopted by key players in the cattle feeder panels market for investment are:
Factors like panel size and kind, the caliber of the materials, the length of the manufacturer's guarantee, and the installation expense, affect the overall strategic decision.
Farmers should also take into account the availability of technical support, which can be crucial to overcoming the cattle feeder panels’ sector challenges. Additionally, the market is projected to develop owing to government initiatives to support livestock farming and rising demand for natural and organic feed.
Principal Consultant
With a market share of 29.7% and a value of USD 1,726 million in 2022, the United States dominated the cattle feeder panels market. The health of the cattle business in the United States, which is impacted by variables including feed availability and beef demand, heavily influences the demand.
As livestock operations in the United States become productive, farmers seek to boost their output, which leads to higher sales of cattle feeder panels. Increased productivity and anticipated ongoing export competitiveness led to higher beef exports in 2016 and 2017.
Beef and pork exports rose 2% and 6%, respectively, in 2016 and 2017. Although US exports of beef and pork decreased in 2017 as a result of greater competition in the worldwide market.
| Attributes | Statistics |
|---|---|
| United Kingdom Market Value 2022 | USD 515.9 million |
| United Kingdom Market Value 2033 | USD 1,012.4 million |
| United Kingdom Market Share (2023 to 2033) | 8.9% |
| United Kingdom Market CAGR (2023 to 2033) | 7% |
The cattle feeder panels sector in the United Kingdom is expanding due to the growing supply of high-quality feeder panels. Premium cattle feeder panels, which are made to last longer and give higher durability, are currently the choice of many producers. Producers can now alter feeder panels to suit their own requirements. As manufacturers are able to discover feeder panels that properly meet their needs, this has also contributed to the market's growth. The cattle feeder panels industry in the United Kingdom is projected to expand globally as farmers explore ways to save costs and boost productivity. Furthermore, the industry is likely to expand as high-quality feeder panels become popular in the agriculture sector.
With a market share of 18.7% and a value of USD 1,088.9 million in 2022, Germany has significant growth prospects in the market. Germany is a leading market in Europe since it has one of the top dairy and cattle farming industries on the continent. Two of the key factors promoting the market's expansion are the demand for more animal feed and the requirement for efficient feed management systems. A further factor increasing the demand for cattle feeder panels is government initiatives to boost efficient and sustainable agriculture practices.
| Country | China |
|---|---|
| Market Share (2022) | 9.10% |
| CAGR (2023 to 2033) | 5.20% |
| Market Value (2022) | USD 527.79 million |
| Market Value (2033) | USD 877.1 million |
| Country | India |
|---|---|
| Market Share (2022) | 4% |
| CAGR (2023 to 2033) | 7.60% |
| Market Value (2022) | USD 231.3 million |
| Market Value (2033) | USD 482.6 million |
Businesses in China are making significant investments in research and development to create products that are both more effective and more affordable for the market.
For instance, several companies are putting their attention toward creating intelligent feeder panels that aid in lowering feed waste and boosting feed conversion rates.
The industry has gained access to new prospects due to the rising use of digital technologies. It includes the incorporation of big data and artificial intelligence into cattle feeders.
The livestock industry segment is anticipated to be the market's dominant segment in terms of application. This is due to the industrialized countries' rising demand for dairy products, including milk, cheese, and yogurt.
It is anticipated that an expanding population and rising disposable income increases the need for dairy products, which in turn propel the market growth.
Due to their affordability and usability, 6-10 feet feeder panels are predicted to experience the leading growth during the forecast period. Small-scale feedlot operations most frequently employ this feeder panel length. Due to its widespread use in medium-scale feedlot operations, the more than 10 ft sector is anticipated to experience consistent expansion.
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Automation and system integration are still essential elements in reducing costs and increasing output for cattle feeder panels. Due to the problem with the market, the development of feeders might be hampered by less-priced alternatives.
These more affordable choices are anticipated to reduce the profits of important cattle feeder panel companies. However, less expensive solutions like plastic feeders have a higher chance of breaking and harming cows' digestive systems.
Startups in the cattle feeder panels industry are bringing fresh concepts and developments to the market. They also make it simpler for livestock to obtain feed and prevent feed waste. As more farmers use the technology, businesses like EZ Feeder, FeedMaster, and Feedlot Panels have witnessed a surge in revenue.
Startups offering creative ways to better manage cattle feed have also lately joined the market, like Cattle Feeder Systems and Cattle Feeder Technologies. Farmers are able to use the technology since these businesses are producing items that are more efficient and economical. The cattle feeder panels sector has grown and innovated due to the increased competition between established players and new entrants.
Recently, there has been a market trend toward accessorizing. Manufacturers of livestock feeder panels are concentrating on a new product line with greater efficiency. For instance, Big Valley introduced a new range of cattle feeder panels in 2018 that is intended to be long-lasting, dependable, and simple to use.
Similar to this, Valley Feeders introduced a brand-new line of cattle feeder panels in 2017 that are intended to offer greater feed efficiency and feed conversion. Go along with the feeder panels, the company also provides a variety of accessories.
The existence of key competitors in the industry is likely to release cutting-edge products on the market. These businesses consistently concentrate on research and development efforts. The market growth is also projected to increase by the rising investments in the agriculture sector.
Recent Developments
The net worth of the cattle feeder panels market is expected to be USD 11,619 million by 2033.
The market is calculated to expand at a CAGR of 6.5% through 2033.
The market expanded at a CAGR of 5.8% in the historical period.
Surging demand for processed meat products and heightened demand for enhanced feed management are shaping the marketplace.
Increasing demand for natural and organic feed is a top trend in the market.
1. Executive Summary | Cattle Feeder Panels Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Length 5.1. Up to 6 Feet 5.2. 6 - 12 Feet 5.3. More than 12 Feet 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Feeding Positions 6.1. Up to 5 6.2. 5 to 10 6.3. More than 10 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Livestock Industry 7.2. Private Farm 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East & Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Arrowquip 16.2. Hi-Hog Farm & Ranch Equipment Ltd 16.3. SHANDONG ADDISION TRADE CO., LTD. 16.4. Hebei Nana Trading Co., Ltd. 16.5. Rizhao Borhaf Metal Products Co., Ltd. 16.6. Anping Guoxing Wire Mesh Product Co., Ltd. 16.7. Hebei Metalx Metal Products Co., Ltd 16.8. Tianjin Weiming Industrial & Trading Co., Ltd. 16.9. Qingdao Xinbaofeng Industrial Trade Co., Ltd. 16.10. Anping County Xiangming Wire Mesh Products Co., Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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Cattle Feeder Panels Market
