Global Milking Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Milking Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Milking Equipment market finds that the global Milking Equipment market reached a value of USD 2334.5 million in 2022. It’s expected that the market will achieve USD 4198.0 million by 2028, exhibiting a CAGR of 10.27% during the forecast period.

High product maintenance costs

Milking equipment requires regular maintenance and repairs to achieve optimal performance and extend equipment life. This requires better after-sales service from product manufacturers and distributors. And higher maintenance costs increase the operating costs of the ranch. This may limit the development of the product market.

Advances in Innovation and Technology for Milking Equipment

With the development of technology and manufacturers' in-depth research on products, milking equipment is also continuously improved and innovated.
Milking equipment is moving towards bionic equipment. By automatically adjusting various milking parameters, and according to appropriate personal milk data and historical milking data, the natural sucking law of calves can be maximized and the complete natural physiological state of milking can be achieved.
Milking equipment is evolving towards precision, automation and intelligence. A highly intelligent robot is introduced into the milking equipment, making the milking process more intelligent and accurate, and reducing manual investment.
With the technical improvement of products, more and more regions are promoting the use of milking equipment with advanced technology, and the sales of products will further increase.

Fluctuations in raw material prices

With changes in supply and demand and changes in the global economy, overall, the prices of raw materials will fluctuate, which increases the uncertainty of the industry's costs and sometimes even causes high costs.

Fluctuations in downstream markets

The global dairy market has some fluctuations along with the impact of climate and supply and demand, and there is a seasonal imbalance between supply and demand in dairy farming and dairy consumption, which affects the purchase price of raw milk. Especially in recent years, prices have fluctuated greatly. This affects the market development of products.

Region Overview:

Europe dominated the Milking Equipment market in 2022, with a market share of 58.19%.

Company Overview:

DeLaval is one of the major players operating in the Milking Equipment market, holding a share of 26.55% in 2023.

DeLaval

DeLaval is a global leader in milking equipment and solutions for dairy farmers, which makes sustainable food production possible, thereby ensuring milk quality and animal health. The company develops, manufactures, and distributes equipment as well as complete systems for milk production and animal husbandry.

GEA Farm Technologies

GEA is one of the largest technology suppliers in the food processing and many other industries. The global group focuses on providing technology, components and sustainable solutions for complex production processes in a variety of end-user markets.

Segmentation Overview:

As for product types, the Fully Automatic segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Cow, with a market share of 60.03% in 2022.

Key Companies in the global Milking Equipment market covered in Chapter 3:

Fullwood
AMS-Galaxy
SA Christensen
DairyMaster
LELY
GEA Farm Technologies
Boumatic Robotics
DeLaval

In Chapter 4 and Chapter 14.2, on the basis of types, the Milking Equipment market from 2018 to 2029 is primarily split into:

Fully Automatic
Semi-Automatic
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Milking Equipment market from 2018 to 2029 covers:

Cow
Sheep
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)