The Milking Robot Market is being driven by Adoption of technologies to combat skill shortages
The Milking Robot Market is expected to grow at a CAGR of 8.9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 743.2 million. During the forecast period, the integration of advanced sensors into milking robots is expected to revolutionize the dairy industry. These sensors will monitor milk quality in real-time, preventing abnormal milk from entering the raw milk collection system. Abnormal milk, derived from infectious or sick animals, may contain harmful antigens that can negatively impact milk quality and consumer health. Traditionally, farm owners have relied on manual inspections during udder and teat preparation. However, the adoption of milking robots equipped with smart sensors is poised to increase significantly. These sensors will analyze milk quality based on conductivity, composition, and cell counts, ensuring the production of high-quality milk and maintaining food safety standards.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.9% |
Market growth 2024-2028 |
USD 743.2 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
7.98 |
Key countries |
US, Germany, China, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Milking Robot Market is witnessing significant growth due to the increasing adoption of automation in dairy farming, particularly on large herds in free stall systems. Milking robots are increasingly being used for dairy cattle, goats, and sheep, addressing the need for higher milk production and improved cow welfare. These systems utilize automated milking rotaries and are designed to accommodate various udder sizes and milk yield. Behavioral differences between species require specific milking systems, with sheep and goats typically requiring smaller robots. Milking robots offer several benefits, including increased herd movement, improved pasture utilization, and enhanced cow comfort. Milk quality and hygiene are crucial factors, with milking robots providing consistent, high-quality milk through advanced cleaning and sanitization processes. Installation costs and professional services, including assisted, managed, consulting, system integration, connectivity, and on-premise/cloud-based software solutions, are essential considerations for farmers. Hardware components, control devices, and livestock farms' specific requirements are also essential factors in the market's growth. Overall, milking robots contribute to dairy farm efficiency and improved cow welfare, making them an attractive investment for farmers.
The industrial machinery, supplies, and component market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this sector include expanding industrial production in process and discrete industries, fueled by increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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