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The milking robot market size is forecast to increase by USD 743.2 million at a CAGR of 8.9% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
In the dairy farming industry, milking robots have gained significant traction for operational purposes, particularly in the form of standalone units or single-stall systems. These robots offer several advantages, including cost savings on labor and adaptability to various production schedules. The lower installation and maintenance costs, as well as the flexibility to be installed without extensive barn modifications, make standalone milking robots an attractive option for many North American and European dairy farmers. With the ability to milk approximately 65-70 individual dairy animals multiple times a day, these systems streamline the production process while maintaining the well-being of the cows and steers. The electrical conductivity technology employed in these robots ensures efficient milk collection and allows for the gathering of valuable cow rumination data, further enhancing the overall efficiency of the dairy operation. The adoption of milking robots contributes significantly to the market growth, as they offer a cost-effective and adaptable solution for dairy farmers.
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The standalone units segment was valued at USD 456.90 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European dairy industry has witnessed significant growth, with key contributors being Denmark, the Netherlands, and the UK. This expansion can be attributed to the implementation of automation in various farming applications and supportive government initiatives. In the upcoming years, there is a projected demand for milking robots in countries like Switzerland, Germany, and France. These nations are anticipated to be significant contributors to the global dairy market. Germany, as a leading milk and dairy product producer in Europe, will likely see the adoption of milking robots to enhance production efficiency.
Furthermore, the northern and upland regions of Germany, including the Central Uplands and the Alps, are home to numerous dairy farms. These farms, situated in marshy lands and uplands, will benefit from the integration of milking robots to optimize their production processes. Hardware components and control devices are essential elements of milking robots. Cloud-based software solutions and on-premise software offerings, along with connectivity services, system integration, consulting, and managed services, are integral to the effective operation of these systems. The European market for milking robots is expected to experience steady growth due to the increasing focus on automation in livestock farming and the need for improved productivity.
Our milking robot market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The adoption of technologies to combat skill shortages is the key driver of the market.
Improvement in sensors used in milking robots is the upcoming trend in the market.
The disadvantages of milking robots is a key challenge affecting the market growth.
The milking robot market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The milking robot market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the automation of livestock farms and the adoption of advanced technologies in dairy farming. Milking robot systems are becoming increasingly popular among farmers and dairy owners for their ability to improve milk production, milk quality, and herd welfare. These systems utilize hardware components such as control devices and sensors, including SCC monitor sensors, to ensure optimal milking operations. Cloud-based software solutions and on-premise software offerings provide real-time monitoring and analysis of milk production, herd management, and cow behavior.
Furthermore, connectivity services and system integration services enable seamless integration of these systems with other farm management tools. Consulting services, managed services, and assisted professional services offerings provide farmers with expert guidance on the installation and operation of milking robot systems. Milking robot systems are suitable for various dairy segments, including large herds in free stall and loose housing systems, as well as smaller herds in pasture-based dairying. Primary factors driving the market include labor cost reduction, time adaptability, and the need for high-level analysis to make important decisions in the dairy industry.
However, small herd sizes and training requirements can act as primary impediments to the adoption of milking robot systems. The market is expected to see strategic possibilities for growth in the form of automation technologies, herd management, and dairy farm management. Milking robot systems are also finding applications in goat and sheep farming, further expanding their market reach. The availability of products and economic downturns can impact market growth, while trade regulations and shipping delays may pose challenges. Intelligence services can help farmers make informed decisions and minimize loss expenditures.
Milking Robot Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.9% |
Market growth 2024-2028 |
USD 743.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.98 |
Key countries |
US, Germany, China, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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