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Milking Automation Market Worth $1.5 Billion by 2027, at a CAGR of 7.4%

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Milking Automation Market Worth $1.5 Billion by 2027, at a CAGR of 7.4%

November 21
20:50 2022
Milking Automation Market Worth $1.5 Billion by 2027, at a CAGR of 7.4%
Milking Automation Market
The global milking automation market value is projected to be USD 1.5 Billion by 2027, growing from USD 1.0 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period.

The report “Milking Automation Market by Offering (Milk Meters, Pulsators, Milk Point Controllers, Milk Clusters, Smart Cameras, Software, Services), Farm Size (Small, Medium, Large), Species (Dairy Cattle, Goat, Sheep), Region – Global Forecast to 2027” The global milking automation market size is estimated to be USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2027, at a CAGR of 7.4% during the forecast period. Increased focus on mechanization of dairy farms, reduction in labor cost due to the adoption of milking automation solutions, and the growing demand for quality dairy products are a few of the major factors contributing to the market growth.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265039621

Browse 100 market data Tables and 52 Figures spread through 173 Pages and in-depth TOC on “Milking Automation Market by Region – Global Forecast to 2027”
View detailed Table of Content here

Milking Automation Market

Software segment, likely to witness higher growth for milking automation market between 2022 and 2027

The software segment is expected to witness the highest CAGR during the forecast period. The integration of new technologies such as integrated API and cloud, and features such as remote access, and real-time herd health monitoring are a few factors driving the growth of the milking automation market for the software segment. Moreover, the increasing awareness about the remote monitoring of milking parlor operations in real-time and the tracking of dairy cows and their health with the help of sensor technology, along with behavior monitoring and control of livestock on dairy farms for efficient feed management and better milk yield are a few of the major factors propelling the milking automation software market growth.

Small-sized farms to account the largest market share in milking automation market by 2027

Small-sized farms held the largest market share in 2021. Reduced labor costs for milking cows, increased milk yields due to more frequent milking, and a better social life for dairy farm families are a few of the major advantages driving the market for milking automation. Dairy farms in several major milk-producing countries and regions such as the European Union, India, Brazil, and China have an average farm size of fewer than 100 cows per farm. The increasing number of dairy farms in these countries to meet the growing demand for milk and dairy products globally is expected to provide increased opportunities for the adoption of milking automation solutions.

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Europe, likely to be the largest market for milking automation between 2022 and 2027

Due to the widespread automation of dairy farms in Western Europe, Europe accounted for the largest market share in 2021. DeLaval (Sweden), GEA Group (Germany), Nedap N.V. (Netherlands), and Dairymaster (Ireland) are some of the major players in the milking automation market in Europe. A wide range of milking automation solutions are provided by these companies to end users worldwide. Automation trends, high labor wages, and the presence of several market players all contribute to the market’s growth in Europe. Europe is one of the largest producers of dairy products globally. It is among the major regions to have widely adopted automated milking solutions and is expected to provide ample growth opportunities for market players owing to the increasing number of livestock farms in Europe. Denmark, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain, and the UK account for over 80% of the total milk production in Europe.

Key players in the milking automation market include DeLaval (Sweden), Afimilk Ltd. (Israel), GEA Group (Germany), Nedap N.V. (Netherlands), Allflex Livestock Intelligence (US), BouMatic (US), Waikato Milking Systems (New Zealand), Dairymaster (Ireland), and BECO Dairy Automation Inc. (US).

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