Authored By: Sarah
16 Jun 2021

Milking Robot Market Size to Grow by $ 460.84 Million During 2020-2024

Technavio has been monitoring the milking robot market and it is expected to grow by $ 460.84 mn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Milking Robot Market: Europe to lead market growth during the forecast period

  • 33% of the market growth will originate from Europe during the forecast period. The Netherlands, Denmark, and Germany are the key markets for milking robots in the region.
  • Improvement in sensors used in milking robots will be a key trend that will influence market growth significantly.
  • Adoption of latest technologies will be a significant factor in driving the growth of the milking robot market.
  • Growth by the standalone units product segment has been significant in recent years and is expected to offer further growth opportunities during the forecast period.

Milking Robot Market to Post Incremental Growth of $ 460.84 Million During 2020-2024 | Key Geographies that will Drive Growth

Milking Robot Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AS SA Christensen & Co., Avon Rubber Plc, BouMatic, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group Aktiengesellschaft, Lely International NV, Milkplan Farming Technologies, and Tetra Laval International SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Milking Robot Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive milking robot market growth during the next five years
  • Precise estimation of the milking robot market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the milking robot market industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of milking robot market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 7%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 460.84 mn through 2020-2024.

     
  3. What is a key factor driving this market?
    Adoption of latest technologieswill drive market growth over the forecast period.                                                                                                                              
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    33% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are AS SA Christensen & Co., Avon Rubber Plc, BouMatic, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group Aktiengesellschaft, Lely International NV, Milkplan Farming Technologies, and Tetra Laval International SA

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Standalone units, Multiple stall units, and Rotary units) and Geography (Europe, North America, APAC, South America, and MEA)
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