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Milking Robots Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033
Milking Robots Market Analysis
The Business Research Company offers in-depth market insights through Milking Robots Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The milking robots market size has grown rapidly in recent years. It will grow from $2.63 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to farm modernization, precision agriculture demands, cost of labor, rise in farm size, regulatory changes, animal welfare focus.
The milking robots market size is expected to see rapid growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to sustainability and efficiency demands, data analytics integration, global farm size changes, cost-effectiveness forecast, labor shortages prediction. Major trends in the forecast period include software updates & upgrades, automation for increased productivity, emphasis on cow comfort, adoption in small-scale farms, remote monitoring & control.
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Market Segmentation:
The milking robots market covered in this report is segmented -
1) By System Type: Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary
2) By Offering: Hardware, Software, Services
3) By Herd Size: Below 100, Between 100 and 1,000, Above 1,000
Major Driver - Surge In Demand For Labor Cost Reduction Spurs Growth In The Milking Robots Market
The increase in demand to reduce labor costs through automation is expected to propel the growth of the milking robots market going forward. Automation refers to the creation and application of various technologies to deliver any good or service with minimum human interaction and intervention. Milking robots that use automation can reduce labor costs by milking more cows in less time without requiring more labor to maintain a farm. For instance, in May 2022, Miltrim Farms, a US-based farm with 1800 cows, automated the farm by installing 30 box barn milking robots to decrease labor. The farm added 1,200 cows without adding any additional labor, and only six full-time employees run the 1800 farm. Therefore, increasing demand to reduce labor costs through automation is driving the growth of the milking robots market.
Competitive Landscape:
Major companies operating in the milking robots market report are GEA Group Aktiengesellschaft, Pearson International LLC, Lely Holding S.à r.l., DeLaval AB, Paul Mueller Company, Eurotec GmbH, Afimilk Agricultural Cooperative Ltd., Interpuls GmbH, Fullwood Packo Ltd., Dairymaster International Ltd., FutureDairy Pty Ltd., Milkplan SA, Hokofarm Group B.V., Rovibec Agrisolutions Inc., Rotec Engineering B.V., C-Lock Inc., ADF Milking Ltd., Milkomax Solutions Laitieres, DairyTech Inc., Icerobotics Ltd., AMS Galaxy USA Inc., System Happel GmbH & Co KG, VMS Robotics BV, GEDOSEN S.A., DairyRobotics LLC, Wadleren Robotics, Milking Automation Pty Ltd., Scruton Dairy Services Ltd., RoboCow BV, Robotic Milking Systems BV
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Top Trend - Innovative Robot Milking Systems Transforming The Milking Robots Market
Major companies operating in the milking robots market are developing new products such as robot milking systems to gain a competitive edge in the market. A robot milking system is an advanced technology used in the dairy industry for the automated milking of dairy cattle. For instance, in September 2023, DeLaval, a Sweden-based animal husbandry and milk production equipment company, launched a new type of milking facility featuring the DeLaval VilS batch milking system. The innovative system, recently installed by Danish dairy farmer Klaus Jakobsen, involves 24 DeLaval VMS robots in a slatted collecting yard, with cows kept in groups of 180 in nearby cubicle sheds. The cows select the robot they want for milking, lured by a small amount of meal, and after milking, they return to the shed through a separation gate. The batch robotic milking system is designed to strike a balance between the predictability of conventional milking and the lower labor input of robotic milking.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Milking Robots Market Characteristics
3. Milking Robots Market Trends And Strategies
4. Milking Robots Market - Macro Economic Scenario
5. Milking Robots Market Size And Growth
…..
27. Milking Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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