Global Milking Robots Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
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Global Milking Robots Market Overview:
“The global Milking Robots Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Use of automatic milking system for all jobs involved in milking a herd of cows without any human intervention is called as milking robots.
Increasing herd size on dairy farms especially in Asia Pacific and Europe region is a major factor driving growth of the global milking robots market. In addition, increasing demand for dairy products is another factor boosting demand for automated milking systems in the global market. Automation not only aids in milking operations, but also in herd management and dairy farm management. This is another factor fueling growth of the global market. Moreover, reduced labor cost, technological advancements, and product launches are factor expected to propelling growth of the global market to a significant extent over the forecast period.
High installation and equipment cost is a major factor hampering growth global milking robots market. In addition, lack of standardization is another factor restraining growth of the global market to a significant extent. Moreover, increasing investments in research & development in order to develop cost-effective and advanced products is expected to create lucrative opportunities for major manufacturers in the global market over the forecast period.
The North America market accounts for significant share in the global milking robots market in terms of revenue. The Europe market accounts for highest share in terms of revenue in the global market. The Europe milking robots market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period.
Increasing herd size on dairy farms activities in Europe is a major factor driving growth of the Europe milking robots market. The Asia Pacific milking robots market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years. Increasing adoption of automatic milking systems on dairy farms and increasing number of dairy farms in countries in this region are major factors driving growth of the Asia Pacific milking robots market.
Global milking robots market segmentation:
Segmentation on the basis of type:
- Single-Stall Unit
- Multi-Stall Unit
- Automated Milking Rotary
Segmentation on the basis of herd size:
- Below 100
- Between 100 and 1,000
- Above 1,000
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GEA Group AG
- BouMatic Robotics
- Waikato Milking Systems LP
- Lely Holding S.A.R.L.
- Fullwood Ltd.
- SCR Dairy, Inc.
- Afimilk Ltd.
- Hokofarm Group B.V.
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