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.
Rising demand for advanced processes and techniques
Rising global population
Lack of awareness
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.
The Automatic Milking System Market has been analyzed through the following segments:
Middle East and Africa