The use of robotics shows potential among milking machine market trends according to the 2021 Global Milking Machines Market report by The Business Research Company
This report describes and assesses the global milking machines market. It covers three five-year periods, including 2015-2020, known as the historical period, forecast period 2020-2025 and 2025-2030 another forecast period.
LONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) – The Business Research Company’s research report on the milking machine market shows that dairy farms are increasingly adopting robots for milking cows to reduce costs and automate the manufacturing of dairy products. Robotic milkers are automated robotic milking systems adopted by farmers and dairy operations to manage the entire process of milking cows. Robotic milking machines have proven to be very popular. Dairy farmers are turning to robotic milking systems because of the difficulty in finding reliable labor or being able to afford labor costs. These robots ensure consistency, efficient work management, reduce human involvement in the milking process and reduce operating costs.
For example, in July 2021, GEA Farm Technologies, a German company offering milking machines, announced the launch of the new generation of the DairyRobot R9500 and DairyProQ automatic milking systems which will improve the milking technology module. It also ensures minimized system downtime, improved serviceability and reduced maintenance costs. Likewise, in May 2021, Fullwood Packo, a UK manufacturer of milking machines, launched a robotic-technology batch milking facility, the M²erlin Meridian, for flexible milking systems in the UK. The system is suitable for farms with a grazing platform, helping to maximize forage while improving the milking environment, time and labor.
The size of the global milking machines market is expected to increase from $ 3.67 billion in 2020 to $ 4.22 billion in 2021 at a compound annual growth rate (CAGR) of 15%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach 6.87 billion dollars in 2025 To 13% CAGR.
The Business Research Company report titled Milking Machines Global Market Report 2021 – By Product Type (Fully Automatic, Semi-Automatic), By Livestock (Cow, Sheep, Goat, Buffalo), By Application (Micro Dairy Farms, Macro Dairy Farms) ), COVID -19 Impact And Recovery covers Major Milking Machine Companies, Milking Machines Market Share by Company, Milking Machine Manufacturers, Milking Machines Market Size, and Machinery Market Forecast to be milked. The report also covers the global milking machines market and its segments.
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Milking machine companies are increasingly focusing on acquiring / partnering with machine manufacturing companies to develop and promote the milking machine market. There have been several partnerships in recent years which help these companies increase their product portfolio, increase revenue and share costs. For example, in March 2020, Japanese agricultural machinery maker Kubota Corporation announced that it would acquire a 10% stake in Indian engineering conglomerate Escorts Ltd for $ 136 million (INR 10.4 billion). . With this acquisition, the two companies can leverage their strengths to offer cutting-edge products for domestic and export markets and tap into new product lines and new markets. Escorts Ltd’s strong distribution and manufacturing expertise, along with Kubota’s R&D strengths, would help them become leaders in farm mechanization and farm implements. Likewise, in March 2020, US farm equipment company Ritchie Implement Inc. acquired US-based Finney Implement for an undisclosed amount. With this acquisition, Ritchie Implement aims to expand its reach in Southwestern Wisconsin and enhance its product portfolio.
The global milking machine market is quite fragmented, with a large number of small players. The the ten best competitors on the market composed of 27.98% of the total market in 2020. The main market players are DeLaval Inc., GEA Group, Lely Holding SARL, BouMatic Robotics BV, Fullwood Packo and others.
North America was the larger region in the milking machine market, representing 28.9% of the global market in 2020. It was followed by Asia-Pacific, Western Europe and other regions. In the future, the fastest growing regions in the market for milking machines will be Asia-Pacific and Eastern Europe, where growth will be at CAGR of 9.8% and 9.1% from 2020-2025 respectively.
Global Milking Machines Market Report 2021 – Impact and COVID-19 Recovery is part of a series of new reports from The Business Research Company that provide insights into the Milking Machines market, analyze the Milking Machines market, and forecast market size and growth for the overall market, Milking Machines market segments and geographies, Milking Machines market trends, Milking Machines market drivers, Milking Machines market restraints, Revenue, profiles and market shares of major competitors in the milking machine market in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
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