ID: MRFR/SEM/9554-HCR | February 2023 | Region: Global | 120 Pages
Milking Robots Market is expected to grow USD 5.12 billion at a CAGR 10.27% during the forecast period 2022-2030.
$5.12 billion
10.27%
Europe
2022-2030
The global milking robots market size is projected to be worth ~USD 5.12 billion by 2030, registering a CAGR of ~10.27% during the forecast period (2022 - 2030)
In recent years, the trend for automated milking systems (AMS) has gained momentum. Milking robots assist dairy owners in cost-effectively accelerating their enterprises in the dairy sector. The need for these robots is increasing quickly as a result of customer demand for higher levels of milk quality and quantity, as well as growing worries about the health of the herd and the well-being of farmers' working circumstances. In theory, these robots offer more flexibility and frequency of milking times than traditional milking methods. Additionally, because these robots have a framework of simplified technology encompassing total operations, the operator's involvement is limited. As a result, the operator is free to concentrate on other aspects of farm management. Additionally, manufacturers consistently place a focus on updating and introducing technologically advanced robots to boost profits and enhance overall efficiency, potentially having an impact on the growth of the milking robot market.
As a result of COVID-19, businesses all over the world have been negatively impacted, suffering revenue losses and disrupted supply chains. This is because COVID-19 has prompted factory shutdowns and quarantine measures to be implemented all over the world, which in turn restricts movement and business activities. On the other hand, lockdowns have resulted in a lack of manpower in agricultural settings, which has resulted in a slight increase in demand for service robots such as milking robots. In the year 2020, the market for milking robots experienced a slight expansion. However, beginning in 2021, the industry began experiencing significant expansion as a result of a relaxation of restrictions and the launch of firms across the world.
Drivers
Market Opportunities
Market Restraints
By Offering
Based on offering, the Milking Robots Market is segmented into hardware, software, and services. Some of the key factors driving demand for milking robots hardware include the growing adoption of milking robots, rising preference for automated hardware and systems, technological advancements by key players to introduce innovative products, growing demand for dairy products, and subsequent growth in the number of dairy cows globally. Additionally, during the forecast period, there is expected to be an increase in demand for sensing and monitoring solutions for dairy farming due to rising awareness about remote monitoring of dairy cows, identification and tracking of dairy cows using sensor technology, and behavior monitoring and control of livestock on dairy farms.
By System Type
Based on system type, the Milking Robots Market is segmented across single-stall unit, multi-stall unit, and rotary system. With the rising demand for milk and dairy products around the world, the multi-stall unit is predicted to become dominant and maintain it in the years to come. The milking procedure is best carried out concurrently in a multi-stall system. This expedites operational workflow while minimizing expense. Additionally, small and medium-sized businesses prefer multi-stall to achieve optimal efficiency, save capital expenditure, and provide an early return on investment.
Owing to the significant investments being made in rotary systems, which perform numerous duties, and other factors, it is projected that rotary milking rotary and single-stall units would experience significant growth in the coming years. The first system type, the single stall, is best suited for small farms. It enables small farm operators to profit from relatively cheap capital expenditures.
By Herd Size
Based on herd size, the Milking Robots Market is segmented into upto 100, between 100 to 1000, and more than 1000. With the rising demand for milk and milk products in many locations, it is projected that the 100-1000 sector would expand significantly in the upcoming years. Additionally, to increase production and yield through herds, medium-sized dairy farms are focusing on implementing rotary or multi-stall milking robots.
Due to the growing number of herds and rising concerns for dairy management and farm management, the less than 100 and 1001 and above segment is anticipated to expand at a significant rate during the forecast period. Additionally, the system developed seems to be an effective method for carrying out milking tasks on dairy farms, positively affecting the market.
The milking robots market based on the region has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Due to the presence of major manufacturers, the region's high demand for milk and milk products, as well as significant investments in research and development made in nations like Germany, the UK, and others, Europe holds the largest share of the market in 2019. Furthermore, this region also experiences high labor costs. Robotics technology is often used in this area to alleviate or lower labor costs.
Due to the significant presence of manufacturers, it is projected that the markets in North America and the Asia Pacific will grow more rapidly in the next years. The main drivers of this market expansion are the rapid growth of milk production centers in nations like the United States, China, and others, the rise in average herd size, and the adoption of new technologies. Due to increased government measures for the safety of herds and the expanding consumption of milk and milk products, the markets in the Middle East, Africa, and Latin America are predicted to expand at a significant rate.
The key industry players are adopting various business strategies such as significant investments in R&D activities to increase their market presence and to expand their product portfolio thereby, driving the milking robots market. In addition, the market players are adopting several strategic initiatives such as new product launches, mergers & acquisitions, contractual agreements, increasing investments, and collaboration with other players to expand their global footprint. For instance, in December 2020, BouMatic launched an updated management system called OneView for its Gemini milking robot. OneView gives users quick access to the robot and an overview of the performance of the herd, the cows, and the robot.
The study covers the existing short-term and long-term market effects. It helps decision-makers to draught short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the Rest of the World. The report analyzes market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the market.
Global Milking Robots Market, By Offering
Global Milking Robots Market, By System Type
Global Milking Robots Market, By Herd Size
Global Milking Robots Market, By Region
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: ~USD 5.12 Billion |
CAGR | ~10.27% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2018, 2019 & 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Offering, System Type, and Herd Size |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World |
Key Vendors | DeLaval (Sweden), GEA Group (Germany), Lely (Netherlands), BouMatic (US), Fullwood JOZ (UK), Milkomax Solutions laiteres inc. (Canada), System Rappel GmbH (Germany), Waikato Milking Systems NZ LP (New Zealand), AMS Galaxy (USA), Dairymaster (Ireland) |
Key Market Opportunities | • Increasing herd size and automation in technology. |
Key Market Drivers | • Customized design and consistent workflow • Automation has led to lower labour costs in dairy farms • The food industry's rising demand for dairy products is boosting market expansion |
The global milking robots market is registering a CAGR of ~10.27% during the forecast period (2022 - 2030)
The global milking robots market size is projected to be worth ~USD 5.12 billion by 2030
Europe holds the largest share of the milking robots market
DeLaval (Sweden), GEA Group (Germany), Lely (Netherlands), BouMatic (US), Fullwood JOZ (UK), Milkomax Solutions laiteres inc. (Canada), System Rappel GmbH (Germany), Waikato Milking Systems NZ LP (New Zealand), AMS Galaxy (USA), Dairymaster (Ireland)