Projected cow milking machine market: US$ 1.989 Billion by 2033, Fueled by Automation and Dairy Sector Expansion. Increased demand due to hygiene, safety, and higher productivity drives market growth
According to estimates, the market for cow milking machines will likely be worth US$ 888 million in 2023 and US$ 1,989 million in 2033. It is predicted that the demand would grow at a CAGR of 8.4% over the course of the projection period.
By concentrating on new dairy areas, developing innovative products, and boosting product penetration through e-commerce, a sizable market potential is anticipated.
Automatic cow milking machines are becoming more and more common in the business since they provide fresh milk in a safe and hygienic manner.
Prominent manufacturers of equipment for milking cows tackle two issues related to manual milking: contaminated milk and uneven milking. The rise in dairy farm productivity has created multiple opportunities for the global market for cow milking devices.
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Labor costs are further reduced by the machine’s single-operator capability. The higher initial cost of the cow milking machine is the main barrier to the market. Another problem is the lack of skilled labor to run the machine.
The devices need to be maintained regularly in order to work effectively and endure longer. The market for cow milking machine could suffer severe losses as a result of improper handling.
The fourth industrial revolution has an impact on most industrial sectors, including the dairy business. It has raised the worldwide demand for cow milking machine in the rapidly expanding organic dairy sectors.
Thanks to technology improvements, milking machine industry leaders are developing more user-friendly controls and practical features in an effort to satisfy end-user needs for business productivity.
Key Takeaways
- In 2022, the US rules the cow milking machine market, with a share of 26.9%.
- The market for cow milking machine increased at a 7.5% CAGR between 2016 and 2022, citing FMI’s study.
- The expansion in China is anticipated to expand at an adequate CAGR of 6.7% by 2033. China’s market generates a share of US$ 67.69 million in 2022.
- Japan’s market share for cow milking machine is 4.8% in 2022 due to advanced automated technology.
- Between 2023 and 2033, the cow milking machine market is likely to increase in India at 9.9% CAGR, respectively.
- Based on product type, fully automatic segments dominate the industry, with a CAGR of 8.3% by 2033.
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Competitive Advantages to Startups and Key players
There is a thriving startup scene in the cow milking machine industry. There are many new companies and products being created. Right now, it makes sense to be involved in this industry. New products and services provide many opportunities, but start-ups and major organizations need large investments to capitalize on these opportunities.
Recent Developments
- With the release of the GEA DairyRobot R9500 Milking Robot in January 2019, GEA raised the bar for intelligent milking technology on farms.
- In April 2018, LELY unveiled the Astronaut A5 robot milking system. The Lely Astronaut A5 is made with the utmost levels of dependability, longevity, and usage in mind.
- As a result, milking becomes a stress-free and beneficial activity for both farmers and their cows.
- The Lely Astronaut A5 includes a revolutionary hybrid arm that offers concordant milking and is peaceful, quick, and energy-efficient, significantly enhancing cow comfort.
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Key segments
By Product Type:
- Fully Automatic
- Semi Automatic
- Manual
By Model Type:
- Pipeline
- Mobile
- Stationary
By Bucket Type:
- Single
- Double
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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