Category

Automatic Milking System Market - Forecasts From 2019 To 2024

114 pages
Published on : May 2019
Report Code : KSI061611568

Description

The Automatic Milking System market is projected to grow at a CAGR of 1.59% during the forecast eriod. Continuously increasing global population has been a major factor shaping the growth of this market. According to a data from the United Nations, the world, in 2017, had a total population of nearly 7.53 billion and this figure is expected to reach 8.5 billion by 2030 and 9.7 billion by 2050. This increase in population has been affecting the availability of food and dairy products, thus increasing the demand for advanced processes and techniques which can help producers meet this demand. This is increasing the demand for automatic milking systems. Increasing focus of dairy farm owners towards improving their margins is another factor contributing to the growing demand for these systems. High labour costs and significantly high costs associated with the cleaning and maintenance of herds and dairy harm are steering many farm owners towards automatic milking systems as these systems do not require much manual labour and at the same time, reduce waste generation in the farms. However, high cost of these systems is restraining their adoption especially in various emerging economies. Low financial support from the governments is further restraining the adoption of these systems despite significant cost advantage they provide in the long run. Geographically, the market has been segmented into North America, South America, Europe, Middle East and Africa and Asia Pacific. North America holds a major share in this market and this large share is mainly due to high spending capacity of dairy farm owners in developed economies.

DRIVERS

Rising demand for advanced processes and techniques

Rising global population

RESTRAINTS

High cost

Lack of awareness

INDUSTRY UPDATE

 In June 2018, DeLaval launched the VMS milking system V300 and the OptiDuo robotic feed pusher.

Recently in March 2019, The Fullwood Packo Diary Group has acquired Mewitec BV which import, retail, install, and provide technical support for Fullwood Packo smart milking and cooling solutions in The Netherlands.

The major players profiled in the Automatic Milking System market include DeLaval Inc., GEA Group Aktiengesellschaft, Lely, SAC, Fullwood Packo, miRobot, BouMatic, Hokofarm Group B.V., and Afimilk Ltd.

Segmentation

The Automatic Milking System Market has been analyzed through the following segments:

By Type

Single-Stall Unit

Multi-Stall Unit

Rotary System

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

United Kingdom

Germany

France

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

Australia

India

Others

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