Dairy Herd Management Market worth $1,511.91 Million by 2018, According to a New Study on ASDReports

Wednesday 10 September 2014, Amsterdam

The new report, now available on ASDReports, “Dairy Herd Management Market by Product (Hardware, Systems & Software), by Application (Feeding, Milking, Heat Stress, Animal Comfort, & Reproduction Management), by End User (Small, Large & Cooperative Dairy Farms) - Global Forecast to 2018” report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global dairy herd management market along with the estimates and forecasts of the revenue and share analysis.

The global dairy herd management market was valued at $823.65 million in 2013 and is expected to reach $1,511.91 million by 2018, at a CAGR of 12.92% between 2013 and 2018.

The report segments this market by applications, end users, products, and geographies. The application segments of the dairy herd management market included in this report are animal comfort, calf management, feeding management, heat stress management, milk harvesting, reproduction management, and other applications. The milk harvesting application segment commanded the largest share of the global dairy herd management market in 2013. This segment is also poised to grow at the highest CAGR between 2013 and 2018. The increased demand for dairy products will be the primary growth driver of the milk harvesting application segment.

The end-user segments of the dairy herd management market included in this report are dairy farms and other end users. The dairy farms segment is further sub-segmented into small-scale, large-scale, and cooperative dairy farms. The dairy farms end-user segment commanded the largest share of the global dairy herd management market in 2013. This end-user segment is poised to grow at the highest CAGR between 2013 and 2018. Increasing adoption of dairy herd management products by dairy farms will drive the growth of this market.

The product segments of the dairy herd management market included in this report are hardware and systems and standalone software. The hardware and systems segment is further sub-segmented into accessories, cattle management systems, feeding management systems, and milk management systems. The standalone software segment is further sub-segmented into on-premise software and web-based/cloud-based software. The hardware and systems product segment commanded the largest share of the global dairy herd management market in 2013. On the other hand, the standalone software product segment is poised to grow at the healthy CAGR between 2013 and 2018. Technological advancements like automated milking and feeding machines associated with milking software accounted for the high growth rate of the standalone software product segment in the global dairy herd management market. The increasing demand for milk management systems will drive the growth of the hardware and systems product segment, while the increasing demand for on-premise software products will drive the growth of the standalone software product segment.

Based on geography, the global dairy herd management market is segmented into Asia, Europe, North America, and the Rest of the World. Asia is segmented into the regional segments of China, India, Japan, and the Rest of Asia. Europe is segmented into the regional segments of Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Poland, Russian Federation, Spain, Switzerland, Ukraine, the U.K., and the Rest of Europe. North America is segmented into Canada, Mexico, and the U.S., while the regional segments in Rest of the World region are Africa, Central and South America, the Middle East, and Pacific and Oceania.

The major players in the dairy herd management market are Afimilk Ltd. (Israel), BouMatic (U.S.), DeLaval (Sweden), FarmWizard Ltd. (Ireland), GEA Group AG (Germany), Infovet (India), Lely Holdings S.A.R.L. (Netherlands), SCR Dairy, Inc. (Israel), Sum-IT Computer Systems Ltd. (Oxfordshire), and Valley Agricultural Software (U.S.).