Global Precision Milking Robot Market, By Offering (Hardware, Software, Service), Milking Robots System Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), Herd Size (Below 100, Between 100 and 1,000 and Above 1,000), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Precision milking robot market will reach at an estimated value of USD 4,774.90 million and grow at a CAGR of 11.60% in the forecast period of 2021 to 2028. Rising reduced labour cost due to automation on dairy farms is an essential factor driving the precision milking robot market.
Milking robot is defined as a kind of rural robot which performs milking of dairy cows without human work. Moreover, in light of the label number, the machine also distinguishes the dairy animals and makes sense of the latest time, the cow was milked.
Rising technological advancements and product launches is a crucial factor accelerating the market growth, also rising herd size of dairy farms, rising key benefits of milking robots, rising herd size on dairy farms especially in Asia Pacific and Europe, increasing demand for dairy products, rising use of precision agriculture, among farmers, for collecting and processing data helps in making better decisions on fertilizing, planting, and harvesting crops, rising need for monitoring crop health for yield production and increasing government support for the adoption of modern agricultural techniques are the major factors among others boosting the precision milking robot market. Moreover, rising investments in research & development in order to develop cost-effective and advanced products, increasing investments towards development of milking robots on dairy farm and rising demand in the developing countries will further create new opportunities for precision milking robot market in the forecast period mentioned above.
However, increasing upfront cost, rising lack of standardization of milking robotics technology and increasing integration of milking robots with grazing dairy system are the major factor among others restraining the market growth, and will further challenge the precision milking robot market in the forecast period mentioned above.
This precision milking robot market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on precision milking robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Precision Milking Robot Market Scope and Market Size
Precision milking robot market is segmented on the basis of offering, milking robots system type and herd size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the precision milking robot market is segmented into hardware, software and service.
- Based on milking robots system type, the precision milking robot market is segmented into single-stall unit, multi-stall unit and automated milking rotary.
- The precision milking robot market is also segmented on the basis of herd size into below 100, between 100 and 1,000 and above 1,000.
Precision Milking Robot Market Scope Country Level Analysis
Precision milking robot market is analysed and market size, volume information is provided by country, offering, milking robots system type and herd size as referenced above.
The countries covered in the precision milking robot market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the precision milking robot market due to rising adoption of automatic milking systems on dairy farms and increasing number of dairy farms, rising herd size of dairy farms, rising key benefits of milking robots and rising herd size on dairy farms in this region. Europe is the expected region in terms of growth in precision milking robot market due to rising adoption of automatic milking systems on dairy farms and increasing number of dairy farms in this region.
The country section of the precision milking robot market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Precision Milking Robot Market Share Analysis
Precision milking robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to precision milking robot market.
The major players covered in precision milking robot market report are DeLaval., GEA Group Aktiengesellschaft, Lely Holding SARL, SCR, S. A. Christensen & Co., Fullwood Packo, Afimilk Ltd., BouMatic, Hokofarm Group, DAIRYMASTER, LIC, DAIRYMASTER, System Happel, Stellapps Technologies Pvt LTD, Spunhill, Paul Mueller, Pearson Education, MILKWELL MILKING SYSTEMS, Paul Mueller and Milkplan among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.