Milking Machine Market Expected to Experience Bolstering Sales during 2019-2027
The FactMR study opines that the demand for cow milk is steadily exceeding the global supply, and eventually milking machines will replace labor-intensive operations in cow milk businesses. Leading manufacturers in the milking machine industry are increasingly focusing on small-scale businesses that are engaged in cow milk production, as local dairy businesses are primary suppliers to households in most developing countries.
The milking machine market report highlights the following players:
- Milkplan Farming Technologies
- Impact Technologies
- Bisstarr Milking Systems
- AMS-Galaxy USA
- Others
The milking machine market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail. The report finds that that cow milking machines accounted for nearly 80% sales in 2018. According to the International Farm Comparison Network (IFCN), outlook on the cow milk alludes a 20% rise in demand in the near future, whereas an average dairy farm would require to boost output by over 50%. In 2017, the average milk yield per cow reached 7 tons in Europe alone, and the global demand for cow milk continues to surge.
Stakeholders Vie to Tap Potential Opportunities in APEJ
The study finds that Europe remains the most lucrative market for milking machines, accounting for over 30% sales. However, APEJ is expected to emerge as an attractive region for stakeholders in the milking machine market to tap, with the rapid growth of the dairy industry in the region. It is highly likely that gains from milking machine sales in the APEJ will outpace those from the European Union (EU), alongside the rapid surge in milk production.
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This Fact.MR study offers a long-term perspective of the milking machine market during the period, 2019 to 2027. The milking machine market is projected to record a CAGR of approximately 8% CAGR through 2027. According to the study, growth of the milking machine market in the APEJ is mainly attributed to two factors—a dramatic upsurge in the milk production in developing Asian nations, and the negative impacts of the 2018 European drought and heat wave on its dairy industry. The EU-drought of 2018 caused lower milk yields in the region, causing the EU milk prices to soar. This is restricting European dairy businesses from adopting expensive milking machines in order to maintain competitive milk prices in the region.
A key trend gaining utter traction in the milking machine market is growing demand for fully automatic variants, as the requirement for time-effective production and enhanced productivity continues to intensify among dairy farmers. The efficiency in milking multiple animals in a single go, which increases the milking efficiency while reducing the dependency on labor and leading to quality improvement, continues to advocate adoption of automatic milking machines in the dairy industry.