Global Milking Robot Market 2024-2028
The milking robot market is forecasted to grow by USD 743.2 mn during 2023-2028, accelerating at a CAGR of 8.9% during the forecast period. The report on the milking robot market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of technologies to combat skill shortages, advantages over traditional milking process, and technological innovations in milking robot hardware and software.
Technavio's milking robot market is segmented as below:
By Product
- Standalone units
- Multiple store units
- Rotary units
By Component
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the improvement in sensors used in milking robot as one of the prime reasons driving the milking robot market growth during the next few years. Also, programs for refurbished robots and adoption of software and mobile apps to enhance analytics in milk production will lead to sizable demand in the market.
The report on the milking robot market covers the following areas:
- Milking robot market sizing
- Milking robot market forecast
- Milking robot market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milking robot market vendors that include Afimilk Ltd., Allflex Group, AMS Galaxy USA, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group AG, Hokofarm Group, Lely International NV, Livestock Improvement Corp. Ltd., Madison One Holdings LLC, Milkplan SA, Milkwell Milking Systems, Read Industrial Ltd., S.A. Christensen and Co., System Happel GmbH, Tetra Laval SA, and Waikato Milking Systems LP. Also, the milking robot market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.