Market Revenue Milking Robots Market Industry Revenue, Production | Page 2

The “between 100-1000 animals” and “above 1000 animals” segments are anticipated to grow at a high CAGR
during the forecast period due to benefits such as increased efficiency and performance provided by systems
used for this herd size. The factors that play an important role in the growth of milking robot market include
increasing demand, growing population, increasing urbanization & industrialization, growing number of dairy
farms across the globe, increasing milk yield, growing demand for milk & milk products, need for automation,
high labor cost, technological advancement and growing dairy industry. Moreover, significantly rising herd size
and introduction of advanced & innovative automation technologies are driving the growth of market in the
upcoming period.
In addition, increasing adoption of automation in the dairy industry and increasing labor costs are anticipated
to boost the growth of market during the forecast period. However, high initial investment and the other high
pricing are negatively impacting the growth of milking robots industry. The market is widely analyzed based on
different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and
others. The market is categorized based on type of robot system, herd size, components and geography.
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Asia Pacific is expected to hold the largest market share in the next couple of years due to the increasing demand
for milk products & milk and growing herd sizes in developing countries such as India and China. Additionally,
increasing adoption of various automatic milking systems, technological advancements, growing dairy farms
and increasing awareness among farmers regarding various latest automatic milking technologies are the
factors driving the growth of market in this region.
The key players contributing to the robust development of the milking robots market include DeLavalInc., GEA
Group AG,BouMatic, Lely Holding S.A.R.L., Fullwood Ltd., Fullwood Ltd., SCR Dairy Inc., BouMatic LLC, Afimilk
Ltd., Hokofarm Group B.V., S.A. Christensen & Co., DairyMaster Ltd. and Livestock Improvement Corporation
Ltd. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As
such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
Milking Robotics Type of Robot System Outlook (Revenue, USD Million, 2014 - 2025)
• Single-Stall Unit
• Multi-Stall Unit
• Rotary System