Latin America Automated Feeding Systems Market Size & Outlook
The automated feeding systems market in Latin America is expected to reach a projected revenue of US$ 616.6 million by 2030. A compound annual growth rate of 9.7% is expected of Latin America automated feeding systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$321.7
Forecast, 2030 (US$M)
$616.6
CAGR, 2024 - 2030
9.7%
Report Coverage
Latin America
Latin America automated feeding systems market, 2018-2030 (US$M)
Latin America automated feeding systems market highlights
- The Latin America automated feeding systems market generated a revenue of USD 321.7 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 321.7 million |
| Market revenue in 2030 | USD 616.6 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Lely, GEA Group AG, DeLaval, Trioliet, Hetwin, Schauer Agrotronic, Rovibec Agrisolutions, R N A, Fullwood JOZ, BouMatic, Dairymaster, FishFarmFeeder |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global automated feeding systems market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,373.5 million by 2030.
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Automated Feeding Systems Market Scope
Automated feeding systems market segmentation & scope
System
Rail-Guided Feeding Systems
Conveyor Feeding Systems
Self-Propelled Feeding Systems
Livestock
Ruminants
Poultry
Swine
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
South Korea
Australia
Brazil
South Africa
Saudi Arabia
UAE
Automated Feeding Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America automated feeding systems market
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