The world economy is at a very important crossroads, with many problems and crises happening at the same time. Because nobody knows how Russia’s war on Ukraine will turn out this year and because the war is making the world less stable, the inflation problem is not over yet.
Reportlinker.com has released the report “Global Dairy Herd Management Industry” (https://www.reportlinker.com/p05798285/).
Food and fuel prices will continue to be a problem for the economy. The confidence and spending of consumers will be affected by higher retail inflation. As governments try to fight inflation by raising interest rates, they will slow down the creation of new jobs, which will hurt economic growth and activity. Companies are investing less because they are worried about inflation and sales aren’t as good as they used to be. This means that companies will spend less on capital. With slower growth and high inflation, it looks like developed markets are getting ready for a recession. Fears of new COVID outbreaks and China’s uncertain path after the pandemic make it likely that the world will have to deal with more severe supply chain problems and manufacturing problems this year. Volatile financial markets, growing trade tensions, stricter regulations, and pressure to include climate change in economic decisions will make the problems even harder to solve. Most markets, investors, and consumers are likely to have a hard time in 2023. Still, there are always chances for businesses and their leaders who are strong and flexible enough to find a way forward.
By 2030, the market for managing dairy herds will be worth $5.4 billion.
In the new business environment after COVID-19, the global market for Dairy Herd Management, which was estimated to be worth US$3.6 billion in 2022, is expected to grow at a CAGR of 5.3% from 2022 to 2030, going from US$3.6 billion to US$5.4 billion. One of the parts of the market looked at in the report, Automated Systems, is expected to grow at a CAGR of 6.2% and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing recovery from the pandemic, the growth rate for Standalone Software has been changed to a CAGR of 3.8% for the next 8 years.
The U.S. market is thought to be worth $978 million, while China is expected to grow at an annual rate of 8.9% CAGR.
In the U.S., the Dairy Herd Management market is expected to be worth US$978 Million in 2022. China, which has the second largest economy in the world, is expected to have a market size of US$1.2 billion by 2030, following a CAGR of 8.9% from 2022 to 2030. Japan and Canada are two other important geographic markets. Each is expected to grow by 1.7% and 5.8% between 2022 and 2030. Germany is expected to grow at a CAGR of about 2.9% within Europe.
Choose Your Rivals (Total 22 Featured)
– Boumatic Robotics, B.V. – Dairymaster USA Inc., – Afimilk Ltd.
– DeLaval – Farmtec s.r.o. – Farmwizard – Fullwood Ltd. – GEA Group AG
– SCR (Engineers) Ltd. – Pearson International LLC. – Lely Holding S.a.r.l.
– Sum
It Computer Systems, Ltd., Trioliet B.V., Valley Agricultural Software (VAS), and Waikato Milking Systems NZ LP.
Read the whole report here: https://www.reportlinker.com/p05798285/
