Pune, India, May 19, 2021 (GLOBE NEWSWIRE) -- The global milking robots market is likely to gain traction from the increasing demand for milk and milk products worldwide. The advent of automated milking systems (AMS) has emerged as a new trend among dairy owners and will also add impetus to the market. According to a recent report by Fortune Business Insights™, titled, “Milking Robots Market Size, Share & Industry Analysis, By System Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), By Herd Size (Less than 100, 100-1000 and 1001 and Above), and Regional Forecast, 2020-2027,” the milking robots market size stood at USD 1.25 billion in 2019 and is likely to USD 2.94 billion by the end of 2027, thereby rising at a CAGR of 11.4% between 2020 and 2027.
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Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of Milking Robots Market Share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Drivers & Restraints-
Increasing Popularity of Various Milk and Milk Products from Food and Beverage Industry to Boost Growth
The nutritional properties offered by milk and milk products are the key factors propelling the global milking robots market growth. Additionally, the increasing number of dairy industries and the rising demand from the food and beverage industry are also boosting the market. This, coupled with a rise in the need for quality and quantity milk and the high cost of labor are propelling the adoption of robots for operational purposes, thereby augmenting growth.
On the contrary, the inadequate training for cows in the initial stages, high chances of machine breakdown, and the availability of less or scarce number of technicians may pose as major challenges for the market in the coming years. Nevertheless, the advent of customized designing of these robots offering consistent operational workflow are likely to attract higher revenue in the coming years.
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Some of the Key Questions Answered in this Report:
- Detailed Overview of Milking Robots Market will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- Milking Robots Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global Market?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the Market growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the Milking Robots Market demand?
Regional Analysis-
Europe Emerged Dominant on Account of Presence of Major Manufacturers
Regionally, Europe earned USD 0.39 billion in 2019 and emerged as the region with the largest milking robots market share. This is owing to the increasing demand for milk and milk products in this region, coupled with the heavy investment in R&D activities from nations such as the U.K., Germany, and others. Additionally, the high labor cost observed in this region also promoted the adoption of these robots by players in this region.
On the other hand, North America and Asia Pacific are likely to exhibit significant growth in the coming years accountable to the presence of a considerable number of vendors and the rapid progressing rate of milk production centers in the respective regions. Nations such as China, the United States, and others are showcasing rapid growth on account of the rising average herd size and the adoption of technological up-gradation, ultimately aiding in the expansion of the regional markets in the coming years.
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Competitive Landscape-
BouMatic is Dominating Market Owing to Adoption of Various Training Programs for Better Technical Support
The global market for milking robots is dominated by BouMatic owing to the fact that it prioritizes technical support and offers quick repair services in case any machine fails to function. In addition to this, the company also focuses on providing training programs to promote the importance of dairy management and herd safety.
Key Industry Developments of the Milking Robots Market include:
March 2017 – Lely and Festo companies owned by the same family, entered into a joint venture for the launch of the milking robot called ‘Astronaut A5’. The innovative hybrid arm of the Astronaut A5 helps to conserve more energy and produce better results in less time.
Fortune Business Insights™ lists out the names of the manufacturing companies. They are as follows:
- GEA Group Aktiengesellschaft (Germany)
- DeLaval Inc. (Sweden)
- SCR (Israel)
- Lely (Netherlands)
- DAIRYMASTER (UK)
- Fullwood Packo (UK)
- S.A. Christensen & Co. (Denmark)
- BouMatic (United States)
- Afimilk Ltd. (Israel)
- Hokofarm Group B.V. (Netherlands)
- BouMatic (United States)
- Other players
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Table Of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends of Market
- Key Insights
- Macro and Micro Economic Factors
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Impact Analysis of Covid 19
- Global Milking Robots Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By System Type (Value)
- Single-Stall Unit
- Multi-Stall Unit
- Automated Milking Rotary
- Market Sizing Estimations and Forecasts – By Herd Size (Value)
- Less than 100
- 100-1000
- 1001 and Above
- Market Analysis, Insights and Forecast – By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- North America Milking Robots Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By System Type (Value)
- Single-Stall Unit
- Multi-Stall Unit
- Automated Milking Rotary
- Market Sizing Estimations and Forecasts – By Herd Size (Value)
- Less than 100
- 100-1000
- 1001 and Above
- Market Analysis, Insights and Forecast – By Country (Value)
- U.S
- Canada
- Europe Milking Robots Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By System Type (Value)
- Single-Stall Unit
- Multi-Stall Unit
- Automated Milking Rotary
- Market Sizing Estimations and Forecasts – By Herd Size (Value)
- Less than 100
- 100-1000
- 1001 and Above
- Market Analysis, Insights and Forecast – By Country (Value)
- U.K.
- Germany
- France
- Rest of Europe
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