The Milking Automation by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Milking Automation , The milking automation market size has grown strongly in recent years. It will grow from $0.97 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to labor shortages in dairy farming, increasing dairy herd sizes, demand for improved milk quality, focus on animal welfare, rising dairy production requirements, government support and incentives.
The milking automation market size is expected to see strong growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to focus on sustainable and efficient farming practices, expansion of dairy farming in emerging markets, rise in precision livestock farming, cost savings through automation, advanced milk quality monitoring.. Major trends in the forecast period include robotic milking systems, iot and sensors in dairy farming, automated teat cleaning and preparation, data analytics for herd management, integration with cow health monitoring, mobile apps for monitoring.
Increasing demand for dairy products is expected to boost the growth of the milking automation market going forward. A dairy product refers to anything derived from milk, including butter, cheese, ice cream, yogurt, condensed and dried milk, and any other foodstuffs. As the demand for milk and related dairy products is expected to increase in the upcoming years, only automation can successfully and efficiently foster the industry’s growth potential, so the increasing demand for dairy products is ultimately boosting the milking automation market. For instance, in September 2022, according to a report published by the International Dairy Foods Association (IDFA), a US-based non-profit organization, the per capita consumption of dairy experienced a 12.4-pound increase per person in 2022. On a milkfat basis, the average American’s dairy consumption was 667 pounds in 2021. Notably, there was significant growth in certain dairy products, with American-type cheese showing an increase of 0.5 pounds, butter rising by 0.2 pounds, and yogurt contributing an additional 0.7 pounds. Therefore, increasing demand for dairy products is driving the growth of the milking automation market.
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The milking automation market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Farm Size: Small, Medium, Large
3) By Species: Dairy Cattle, Goat, Sheep
Top Major Players:
- Afimilk Ltd.
- DeLaval
- GEA Group AG
- Nedap N.V.
- Allflex Livestock Intelligence
- BouMatic LLC
Asia-Pacific was the largest region in the milking automation market in 2023.
The adoption of technologically advanced milking equipment has emerged as the key trend gaining popularity in the milking automation market. Major companies operating in the milking automation market are developing innovative technologies to strengthen their position in the market. For instance, in 2022, DeLaval, a Sweden-based worldwide leader in milking equipment and solutions for dairy farmers, launched the E-series rotary milking system, the next-gen rotary milking system. In addition to the tried-and-true components carried over from earlier generations of DeLaval rotaries, the new system has more data, automation, features, and technology for improved throughput efficiency. The new E-series rotaries use an innovative technique that prioritizes a cow’s natural milk flow to guarantee optimal milk flow for each cow. Utilizing flow-adjusted vacuum technology, flow-responsive milking adjusts the vacuum level following the needs of each cow by keeping track of her milk flow.
The milking automation market report table of contents includes:
1. Executive Summary
2. Milking Automation Market Characteristics
3. Global Milking Automation Market Trends And Strategies
4. Milking Automation Market – Macro Economic Scenario
5. Global Milking Automation Market Size and Growth
…….
26. Global Milking Automation Market Competitive Benchmarking
27. Global Milking Automation Market Competitive Dashboard
28. Key Mergers and Acquisitions In Milking Automation Market
29. Milking Automation Market Future Outlook and Potential Analysis
30. Appendix
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