Milking Machines Global Market Exhibit a Remarkable CAGR of 7.2% and is Expected to Reach $5.4 Billion By 2028 | DeLaval Inc., GEA Group, Fullwood Packo, Slavic Beauty, Dansha Farms

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Overview and Scope
A milking machine is a piece of equipment that consists of a suction apparatus that takes milk from the cows. They are used to extract milk from cows.

Sizing and Forecast
The milking machines market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to population growth, high investment in dairy farming, growth in dairy cattle population, and increase in quality and yield of the milk.

The milking machines market size is expected to see strong growth in the next few years. It will grow to $5.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rapidly-expanding organic dairy businesses, growing demand for milk and dairy products, and focus on reducing labor dependency. Major trends in the forecast period include adopting robotic milking systems, investing in artificial intelligence (ai), adopting the use of iot and investing in 5g to digitize their dairy farm, and considering strategic collaboration or acquisition.

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Segmentation & Regional Insights
The milking machines market covered in this report is segmented –
1) By Product Type: Fully Automatic, Semi-Automatic
2) By Livestock: Cow, Sheep, Goat, Buffalo, Others
3) By Application: Micro Dairy Farms, Macro Dairy Farms, Others

The Asia-Pacific was the largest region in the milking machines market in 2023. North America was the second largest region in the global milking machines market share. The regions covered in the milking machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
An increase in the rearing of dairy cattle is expected to drive the demand for the milking machines market. For instance, in October 2021, according to Central Statistics Office, Ireland, in 2020, there were 1,567,700 dairy cows, a 4.2% increase from 2019. Further, in May 2021, according to data from the US Department of Agriculture Foreign Agriculture Service, the number of dairy cows globally increased to 137 million heads in 2020. (USDA FAS). It is predicted that in 2021, there would be more than 138 million heads of the animals in question. Therefore, the growth in the dairy cattle population across the globe led to increasing in milking production, which in turn propelled the revenues generated for the milking machinery market.

Key Industry Players
Major companies operating in the milking machines market report are DeLaval Inc., GEA Group, Lely Holding SARL, BouMatic Robotics B.V., Fullwood Packo, Afimilk Ltd., S. A. Christensen & Co, Milkplan, Prompt Dairy Tech, AMS-Galaxy USA, Handtop Tech Co Ltd., Arcnut Agro Machinery, Yuyao Yuhai Livestock Machinery Technology Co., Ltd., Shanghai Ruike Machinery Equipment Co.,Ltd., Demir Packing & Agricultural Machinery, Daviesway, ORION Machinery Co., ltd., Vansun Technologies Pvt. Ltd., EE-Media, Genjing Records, Ocean Butterflies Music, Pest Productions, Outdustry, Split Works, Popsport, ADFmilking Ltd., Agrifac Machinery BV, Pjur Group Luxembourg S.A., Kanters Holland BV , Bob-White Systems Inc, Vevor, Slavic Beauty, Dansha Farms, The Coburn Company, Alfa Laval, UKAL Canada, Damate Group, Triunfo Indústria Metalúrgica, Melasty, LUSNA, SEZER Milking Technologies, Al Ain Farms, WaikatoSA, miRobot LTD., Bisstarr Milking Systems

The milking machines market report table of contents includes:
1. Executive Summary