Global Milking Machine Market Predictions Highpoint Enhanced Sales during Forecast Period, 2019-2027

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global milking machine market trends during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the milking machine market during the forecast period.

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In Brief

During 2013 to 2018, the milking machine market witnessed an impressive growth at a CAGR of 6%, mainly attributed to the rapid penetration of automation in the dairy industry. Demand for milking machine has been significantly influenced by the advent of advanced electromechanical technologies in the dairy equipment industry. The milking machine market was estimated at over US$ 1.5 billion in 2018.

The milking machine market is expected to grow at a CAGR of nearly 8% through 2027, as leading stakeholders continue to enhance their product portfolio to gain a competitive edge.

Europe remains the leading market for milking machine, accounting for over 30% sales, despite a rigid dichotomy between veganism and high consumption for dairy products in the region.

Asia-Pacific excluding Japan (APEJ) is expected to be the high-growth market for milking machine, attributed in part to growth of the dairy industry, which has created significant opportunities for market players.

Milking Machine Market – Notable Developments

• In January 2019, GEA Group AG – a German manufacturer in the milking machine market – announced that it has introduced DairyRobot R9500—a new cow-milking robot, which is engineered to increase on-farm efficiency and improve the milking process. The company claims that the DairyRobot R9500 the industry’s first real-time Somatic Cell Count (SCC) monitoring unit that assesses milk flow throughout the entire milking process to detect mastitis early in order to protect the health of the herd and minimize treatment time.
• In November 2018, DeLaval – a producer of dairy and farming machinery headquartered in Sweden – announced that it will double its manufacturing capacity for its VMS™ milking system V300 with a dramatic increase in its order intake. The company also declared that it aims to secure deliveries from suppliers, adjust supply chain planning, and provide a high-efficiency and larger storage facility in order to reduce lead-time to customers.
• In April 2019, Fullwood Packo – a European manufacturer of automated milking systems – announced that it has entered a strategic outsourcing partnership with PP Control & Automation (PP C&A) to get a significantly more value-added and cross-functional manufacturing solution. With this partnership, the company aims to free up its valuable manufacturing resource and bypass the challenge of availability of additional skilled labor physical space issues or to focus more on growing its business in the milking machine market.

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LELY, GEA Group, DeLaval, Fullwood Packo, BouMatic, S.A. Christensen & Co., Milkplan Farming Technologies, Prompt Dairy Tech, ADFmilking Ltd., Afimilk Ltd., Impact Technologies, Bisstarr Milking Systems, Vansun Technologies Pvt Ltd., AMS-Galaxy USA, and Caprine Supplyare among the leading companies in the milking machine market that are featured in the FactMR report.

Research Methodology

The FactMR research study on milking machine market offers industry-best intelligence and insights into the global milking machine market forecast. The research study on milking machine market is a result of extensive research methodology, comprising of a primary phase and a secondary phase. The report on milking machine market gives a comprehensive analysis of its growth prospects and opportunities over the forecast period, including a detailed segmentation.