The Milking Machines 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 Machines, 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.
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.
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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
Major companies operating in the milking machines market are focusing on developing innovative products, such as rotary milking systems, to provide reliable services to customers. A rotary milking system is a type of milking parlor that uses a rotating platform to move cows past a series of milking stalls. For instance, in March 2023, DeLaval, a Sweden-based manufacturer of dairy and farming machinery, launched the DeLaval Rotary E500. It is an innovative process that prioritizes a cow’s natural milk flow by using flow-adjusted vacuum technology to monitor each cow’s milk flow and modify the vacuum level according to the cow’s individual needs. The DeLaval Rotary E500 can milk up to 1,066 cows per hour, and its Flow-Responsive Milking technology ensures that each cow is milked at the optimal vacuum level, resulting in a gentle and efficient milking experience.
The milking machines market report table of contents includes:
1. Executive Summary
2. Milking Machines Market Characteristics
3. Milking Machines Market Trends And Strategies
4. Milking Machines Market – Macro Economic Scenario
5. Global Milking Machines Market Size and Growth
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26. South America Milking Machines Market
27. Brazil Milking Machines Market
28. Middle East Milking Machines Market
29. Africa Milking Machines Market
30. Milking Machines Market Competitive Landscape And Company Profiles
Top Major Players:
- DeLaval Inc
- GEA Group
- Lely Holding SARL
- BouMatic Robotics B.V
- Fullwood Packo
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