888-776-0942 from 8 AM - 10 PM ET
NEW YORK , April 7, 2022 /PRNewswire/ -- The "Automatic Milking Machines Market by Product, Mobility Type, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The market is expected to grow by USD 1.83 billion from 2021 to 2026, at a CAGR of 7.34% during the forecast period, according to Technavio. The report offers an up-to-date analysis to know the exact growth variance and the Y-O-Y growth rate Request a free sample report.
The need to improve the work efficiency in dairy farms to increase the profitability for dairy farmers is one of the key market drivers. Dairy farmers must conduct the milking operation in less time in order to increase their labor efficiency. As a result, they choose automatic milking equipment, which can handle larger herds faster while reducing the danger of pathogenic microbe transmission. The automatic milking devices can be connected to a number of animals and can milk numerous animals at the same time. As a result, dairy producers are increasingly investing in autonomous milking equipment, which does not require any work and increases milking efficiency, allowing them to increase revenues.
These factors are projected to drive the market's expansion throughout the forecast period. However, factors such as the high investment and maintenance cost of automatic milking machines, and the low adoption of automatic milking machines in developing economies will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
During the projected period, the semi-automatic milking machines segment will gain considerable market share from the automatic milking machines segment. When compared to fully automatic milking machines, semi-automatic milking machines are less expensive. Semi-automatic milking devices can also be linked in a milking parlor's pipeline. In the approaching years, such elements will boost the segment's expansion.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
The Automatic Milking Machines Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Vertical Farming Technologies Market: The vertical farming technologies market share is expected to increase by USD 8.52 trillion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.74%. Download Free Sample Report.
Agricultural Machinery Market: The agricultural machinery market share is expected to increase by USD 45.98 billion from 2021 to 2026 at a CAGR of 5.87%. Download Free Sample Report.
Automatic Milking Machines Market Scope
Accelerate at a CAGR of 7.34%
Europe, North America, APAC, South America, and Middle East and Africa
US, Canada, China, Germany, and The Netherlands
Leading companies, Competitive strategies, Consumer engagement scope
ADF Milking Ltd., Afimilk Ltd., AMS Galaxy USA, AS SA Christensen & Co., BouMatic, Caprine Supply, Fullwood Ltd., GEA Group Aktiengesellschaft, Impact Technologies, InterPuls Ltd., Kanters BV, LAKTO Dairy Technologies, Lely International NV, Merck and Co. Inc., Milkline, Milkplan SA, Prompt Equipments Pvt. Ltd., System Happel GmbH, The Tetra Laval Group, and Vansun Technologies Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
6 Market Segmentation by Mobility Type
About Us: Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET