NEW YORK, US, DECEMBER 5, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report from Market Research Future (MRFR), “Milking the robotics market Research Report: Information by Supply, By System Type, By Herd Size, By Region – Forecast Till 2030 The market is expected to have a valuation of nearly USD 5.12 Billion by the end of 2030. The reports further predicts that the market is booming at an annual growth rate A strong composite of over 10.27% over the appraisal time frame.
Milking robots market analysis
Milking Robots Market – Key Players
Prominent industry players profiled in the Global Milking Robots Market report include-
- Delaval (Sweden)
- BouMatic (United States)
- GEA Group (Germany)
- Lily (Netherlands)
- Fullwood Goose (UK)
- System Rappel GmbH (Germany)
- Milkomax Solutions Laiteres Inc. (Canada)
- AMS Galaxy (USA)
- Waikato Milking Systems NZ LP (New Zealand)
- Dairymaster (Ireland).
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Scope of the Milking Robots Market Report:
|Milking robots market revenue forecast in 2030||5.12 billion US dollars|
|Milking robots market growth rate||A compound annual growth rate of 10.27% from 2022 to 2030|
|The study period||2022-2030|
|Major market opportunities||Increasing herd sizes and better automation technologies are driving the demand for robotic milking systems|
|Major market drivers||
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Milking the robotics market drivers
Dairy farm automation to reduce labor costs to promote market growth
Milk production is labor intensive. Due to the growing demand for dairy products and the subsequent growth of dairy farms around the world, labor and operating costs are expected to increase. The use of milking automation technology, such as milking robots, can significantly reduce labor costs on dairy farms by greatly increasing milk production. Milking robots increase the number of times a single cow can be milked, resulting in higher production as well as less manual labor.
Milking the robotics market opportunities
Introducing advanced and innovative automation technologies to deliver robust opportunities
The demand for robot milking systems in the dairy farming industry is driven by dramatic increases in herd sizes and the introduction of modern automation technologies. Thanks to technology, many dairy production processes can now be automated, including herd management, milking procedures and dairy farm management. The process facilitates milk production due to its improved efficiency and regularity. While requiring less labor, the use of robotics technology helps maintain product quality.
Limitations and challenges
High investment price to act as a challenge to the market
High investment price, importance in accessibility to technical support, lack of standardization, and strict government regulations may present challenges to the market during the forecast period.
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Segmentation of the milking robots market
The global milking robots market has been segmented on the basis of supply, system type, and herd size.
Through supply, hardware will lead the market during the forecast period. The increasing use of milking robots, preference for automated devices and systems, technological advancement by major players to launch new products, growing demand for dairy products, and subsequent increase in the number of milking cows worldwide are some of the major factors affecting the demand for milking robots.
By system type, the multi-stall unit will dominate the milking robots market during the forecast period. The multi-stalk unit is expected to take over and maintain its dominance in the coming years due to the growing need for milk and dairy products worldwide. The best way to milk a system with multiple stalls is at the same time. This speeds up operational processes while reducing costs. In addition, small and medium-sized businesses prefer multi-kiosk facilities in order to increase efficiency, reduce capital expenditures, and speed up return on investment.
Depending on the size of the herd, between 100-1000 will drive the market during the forecast period. The 100-1000 sector is expected to develop significantly in the coming years due to the increasing demand for milk and dairy products in many regions.
Milking Robots Market- COVID-19 Analysis
Businesses around the world have been negatively affected by the coronavirus, suffering revenue losses and supply chain disruptions. This is due to the fact that COVID-19 caused widespread factory closures and quarantine measures, which in turn limited travel and business operations. However, lockdowns have created a labor shortage in agricultural settings, which has led to an uptick in demand for service robots such as milking robots. The milking robots market witnessed a slight expansion in 2020. But starting from 2021, the industry started to go through a major expansion due to easing of regulations and establishment of companies worldwide.
Milking Robots Market – Regional Analysis
Europe is heading into the milking robot market
Due to the presence of major manufacturers, high demand in the region for milk and dairy products, as well as significant investments in research and development in countries such as Germany, the United Kingdom and others, Europe holds the largest share of the market in 2019. Moreover, this region also suffers from High labor costs. Robotics technology is widely used in this field in an effort to mitigate or reduce labor costs. Due to the presence of large producers, high demand in the region for milk and dairy products, as well as large investments in research and development in countries such as Germany, the United Kingdom and others, Europe currently holds the largest share of the market. Moreover, the labor cost in this field is extraordinarily high. In this industry, robotics technology is frequently applied to mitigate or reduce labor-related costs. Sales of milking robots are increasing in Europe due to the abundance of dairy farms and the increased demand for milk in these countries. Dairy farms in European countries tend to have larger sized herds, which helps the market to expand. Adoption of milking robots has also been impacted by the region’s higher milk yields per cow and lower farm labour.
Asia Pacific has a remarkable growth in the milking robots market
In terms of revenue share, the Asia Pacific region ranked second in the global milking robots market in 2021. The growing awareness among farm owners of the benefits of milking robots is an important factor helping market expansion in the Asia Pacific region. The number of animal husbandry operations has increased dramatically in the region as a result of the rapid expansion of the population and the corresponding increase in the demand for milk and other dairy products, which has led to an expansion of the market. The Asia Pacific market is booming as farm owners are increasingly aware of the benefits of milking robots. The rise of livestock operations resulted from the population expansion in the region and the subsequent increase in demand for milk and dairy products, which provided opportunities for the adoption of automated milking technologies such as milking robots. To meet the growing demand for milk and other dairy products, rapid urbanization and economic development in countries such as China and India are also expected to increase the need for milking automation solutions.
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