A Summary of the Milking Equipment Market Development
As per Future Market Insights, the milking equipment market is anticipated to attain a value pool of US$ 4 Billion by 2023-end. Global demand for milking equipmentis expected to rise at a CAGR of 5.8% to US$ 7 Billion in 2033. The top developments in the milking equipment market are:
The function of sophisticated milking equipment is evolving from being restricted to large-scale dairy manufacturing facilities to being an important feature of production machinery in small and medium-sized dairy firms.
Despite a strong contradiction between vegetarianism and the high consumption of dairy products in the region, Europe remains the top market for milking equipment.
Asia Pacific is predicted to be the fastest-growing market for milking equipment, mainly due to the expansion of the dairy sector, which has offered several possibilities for market participants.
Major drivers of the worldwide milking equipment market include increased adoption of milking equipment, increased investment in dairy farming, regulatory authorities promoting the use of milking equipment, and global dairy cow population expansion. Significant expansion in the rural co-operative dairy industry and increased awareness about this equipment throughout the world are projected to boost demand over the forecast period. The capacity of the equipment to be managed by a sole operator ultimately contributes to reducing labor expenses. As dairy farm production rises, top companies in the milking equipment industry are seeing many possibilities in the worldwide market.
The 4.0 industry has had an impact on almost every industrial sector, including the dairy industry. It has raised the demand for milking equipment in the world's rapidly increasing organic dairy industry. Milking equipment market leaders are developing more user-friendly controls and effective features as a result of technical improvements in order to match end-user needs for corporate efficiency. The advent of next-generation automation technology in the dairy equipment industry can help boost sales of completely autonomous milking equipment. High investment potential from important market participants is expected to result in significant profit margins by 2033.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 4 Billion
Projected Market Value in 2033
US$ 7 Billion
Growth Rate (2022 to 2033)
5.8% CAGR
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Development of Milking Equipment Market in the Asia Pacific
The development of advanced automated technologies is increasing demand for milking equipment in North America. This region has a significant demand for major dairy products. Dairy producers in the region place a high value on adopting cutting-edge automated dairy technology to create high-quality milk products quickly.
Because of expanding milk product demand and expanded installation of cutting-edge automated technology, the United States is predicted to produce the most income.
Opportunities abound in the Fully AutomaticMilking EquipmentSegment
Fully automatic milking equipmentwill take the lead due to increased consumer demand. Demand for fully automated milking equipment is projected to rise in the near future as top milking equipment manufacturers develop devices with herd management systems.
Recent developments in the Milking Equipment Market
In October 2021, the RotgansFamily Farm in Hippolytushoef, the Netherlands, received the Lely Orbiter. Reijer Rotgans is the fourth farmer to use the automated dairy processor to process milk. Rotgans' invention has boosted the value of the herd's milk and is meeting the rising customer demand for local products.
In May 2021, to adapt to changing cow needs and output expectations, United Kingdom dairy producers require smart, adaptable milking equipment. Batch milking using robots might be the answer for companies wishing to upgrade to the newest technology without completely rewriting existing systems.
In August 2020, Agrar GmbH Cottbus West in Krieschow, Germany, has implemented GEA's biggest automated milking system in Europe by converting a rotational milking parlour to an automated system with 16 GEA DairyRobot R9500 milking robots.
This Milking Equipment market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Milking Equipment market.
Milking Equipment is a machine that is used to draw out milk from the cows and buffaloes by vacuum technique. The milking equipment are made to apply constant vacuum at the end of teat to extract the milk, and to give periodic squash that is applied externally in teat to maintain blood flow also called as pulsation that occurs in every second.
A milking equipment installation consist of pipework system that is linked to various vessel and components to provide flow paths for milk and air. The flow of air and milk have three basic components during the milking process. In the milking equipment the milk enters in teatcups and flow through a short milk tube to its claw from where the air is introduced and the milk with air travel together through a long milk tube to the buckets.
The working principle for milking equipment was invented almost a century ago and has been revised and improved in today’s practice. The advantage of milking equipment is that it is easy to operate, cost effective, saves time as it can extract 1.5 to 2 litres of milk per minute. The milking equipment is widely used and adopted by the dairy manufacturers to produce large number of dairy products such as curd, paneer and butter.
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Milking Equipment Market: Drivers and Restraints
Adoption of milking equipment is increasing more number of dairy manufacturers are preferring to use milking equipment for production of high quality of milk to cater growing demand for milk products these manufacturers are the major driver of milking equipment market.
Moreover, advancement in technology, adoption of automation and demand for organic milk is also fueling milking equipment market over the forecast period. However, high maintenance cost of milking equipment, which includes expensive vacuum pump and other parts may impede the market growth. Also, preference of people to extract milk by traditional hand squeezing will also be hampering the market growth.
Milking Equipment Market: Overview
Milking Equipment Market: Overview
The milking equipment market is expected to show a significant market potential over the forecast period due to its adoption by dairy manufacturers and promotion towards the usage of milk amongst the population. According to the data published by National Dairy Development Board, the milk sector must grow at an average 4.2 percent annually.
But in last few years the growth for production of milk was registered much more. The fully automatic milking equipment of product type segment are expected to generate major revenue share over the forecast period due to shift of people towards technology enabled and user friendly equipment. Among all in system segment mobile or portable milking equipment is high on demand and is expected to hold the major market revenue over the coming years.
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Milking Equipment Market: Regional Overview
Geographically, the global milking equipment market is segmented into regions such as Latin America, Europe, North America, South Asia, East Asia Middle East & Africa and Oceania. North America is anticipated to be the most revenue generating market due to increase in demand for milk products and owing to increase in adoption for advanced automated technology.
After North America, Automation in technology is highly accepted by Europe region holds the next major revenue share over the coming years. Countries like India, and China are expected be the high growth market due to different business innovations in these countries will maintain the market revenue during the coming years.
Middle East and African Region is expected to show increase in sales due to more production of milk in these countries over the forecast period.
Milking Equipment Market: Key Players
Some Examples of key Participants operating at the global level across the value chain includes Agrifac Machinery BV, Lely, GEA Group Aktiengesellschaft, Fullwood Packo, Kanters Holland BV, BouMatic Robotics B.V., AMS-Galaxy, GEA Farm, S.A. Christensen & Co., Prompt Dairy Tech, Bisstarr Milking Systems, Vansun Technologies Pvt Ltd.
The research report on milking Equipment market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on Milking Equipment market provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on Milking Equipment market
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Report on Milking Equipment Market includes regional analysis
North America (USA, Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France,United Kingdom, Spain, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, ASEAN)
Oceania (Australia, New Zealand)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report on Milking equipment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Milking Equipment Market: Segmentation
Based on product type, the milking equipment market is segmented into the following:
Fully Automatic Milking Equipment
Semi-Automatic Milking Equipment
Based on system type, the milking equipment is segmented into the following:
Portable Milking equipment
Stationary milking equipment
Barn Milking equipment
Based on buyer type, the milking equipment is segmented into the following:
Individuals
Enterprise
Small
Medium
Large
Based on end user, the milking equipment is segmented into the following:
