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Published on : Sep 13, 2019

The global horizontal self-propelled feed mixing wagons market is likely to experience substantial expansion owing to the remarkable growth of the feed industry worldwide.

Nutritional and economic needs of countless people worldwide are substantially taken care of by the feed industry. Consumption of animal products and livestock raising meet the growing need for nutrition of people and also offers them livelihood.

Animal feeds have always been playing a significant role in the food industry. Feed is the most important and largest component that provides affordable, safe, and sufficient protein.

Innovation and Constant Technological Progress Offers Traction to the Market

In the recent years, the demand for animal protein has seen a surge across the globe, which comprised fish, dairy, and livestock. It is the fast developing regions that foster the growth of production of feed, while the developed world remain stable with it. The global horizontal self-propelled feed mixing wagons market is anticipated to derive traction from such high production of feed worldwide.

According to the estimates of the United Nations Food and Agriculture Organization, between the period from 2010 to 2050 the demand for food will rise by 60%. In the same period, production of animal proteins is likely to grow by 1.7% every year, with the aquaculture projected to expand by 90%, meat by 70%, and dairy products by 55%. 

In 2016, SILOKING Mayer Maschinenbau, industry leader in feeding technology, introduced EuroTier 2016, which is a self-propelled feed mixer with external loading and 100 % electric drive. This feed mixer comes with a spacious and well-arranged driver’s cab with superb 360-degree visibility. The screens in the driver’s cab supply information on various functions of the machine and the weighing system. It also offers a view of the backside at the time of reversing the mixer. EuroTier 2016 is highly efficient and offers optimum flexibility.

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In terms of region, North America offers a large largest market for the global horizontal self-propelled feed mixing wagons market. Increase in investment for conducting research and development on microscopes, low cost of material and integration of nanotechnology with the feed mixers is expected to drive market growth.