Some of the major factors contributing to the growth of market includes reduced labor costs due to automation in dairy farms, rising farm consolidation with increasing average herd size, government policies and incentive programs supporting livestock farm mechanization, and increasing demand for quality dairy products.
NEWARK, Del, Sept. 09, 2024 (GLOBE NEWSWIRE) — The global milking automation market is on a robust growth trajectory, with projections indicating its value will surge from an estimated USD 1.1 billion in 2024 to a staggering USD 2.2 billion by 2034. This significant increase reflects a compound annual growth rate (CAGR) of 7.2% over the forecast period.
As the dairy industry continues to evolve, the adoption of advanced milking automation technologies is accelerating. Farmers and dairy producers are increasingly turning to automated solutions to enhance efficiency, improve milk quality, and streamline operations. The integration of cutting-edge technologies such as robotics, sensors, and data analytics is revolutionizing milking practices, leading to higher yields and optimized resource management.
Key factors driving the growth of the milking automation market include:
- Technological Advancements: Innovations in automation technology are enhancing the functionality and reliability of milking systems. Modern automated milking equipment offers precision, reduces labor costs, and ensures consistent milk quality.
- Increasing Demand for Dairy Products: The rising global demand for dairy products is prompting dairy producers to invest in automation to meet production needs efficiently and sustainably.
- Labor Shortages: Automation addresses the challenge of labor shortages in the dairy industry by reducing the dependency on manual labor and providing a more consistent and reliable milking process.
- Focus on Animal Welfare: Automated systems are designed to improve animal welfare by reducing stress and providing a more comfortable milking experience for dairy cattle.
- Sustainability: Automation helps in minimizing waste and optimizing resource use, contributing to more sustainable dairy farming practices.
“As we look towards the future, the growth of the milking automation market underscores the dairy industry’s commitment to embracing technology for better productivity and sustainability,” says Nandini Roy Choudhury, Client Partner at Future Market Insights “The doubling of the market value over the next decade highlights the significant role automation will play in shaping the future of dairy farming.”
Market CAGR of Milking Automation by Country:
| Countries | CAGR |
| South Korea | 9.70% |
| The United Kingdom | 8.10% |
| China | 8.00% |
| Japan | 7.70% |
| The United States | 7.50% |
Increased Interest in Milking Automation: Explore Our Detailed Report for Key Trends and Insights: https://www.fmiblog.com/2024/06/11/milking-automation-market-size/
Prominent Drivers of the Milking Automation Market:
- Labor Shortages: The dairy industry faces challenges with labor shortages and high labor costs. Automation helps address these issues by reducing the dependency on manual labor and improving operational efficiency.
- Increased Efficiency and Productivity: Automated milking systems enhance efficiency by providing consistent and accurate milking, leading to higher milk yields and better overall productivity in dairy farms.
- Advancements in Technology: Innovations in technology, such as robotic milking machines and smart sensors, are driving the adoption of milking automation. These technologies offer improved precision, real-time data collection, and better management of herd health.
- Improved Animal Welfare: Automated milking systems are designed to be less stressful for cows, promoting better animal welfare. They allow cows to be milked on their own schedule, which can reduce stress and improve milk quality.
- Rising Demand for Dairy Products: The growing global demand for dairy products is pushing dairy farmers to adopt automation to scale up production and meet market needs efficiently.
Challenges Faced by the Milking Automation Market:
- High Initial Investment: Implementing milking automation systems involves a substantial upfront cost, including the purchase of equipment and installation. This high initial investment can be a barrier for small and medium-sized dairy farms.
- Technical Complexity: The complexity of automated milking systems can be a challenge for farmers who are not tech-savvy. Training and support are required to ensure that farm staff can effectively operate and maintain the systems.
- Maintenance and Repairs: Automated systems require regular maintenance to ensure optimal performance. Downtime for repairs can affect milk production and profitability, posing a challenge for farmers who may lack the expertise to handle technical issues.
- Integration with Existing Systems: Integrating automated milking systems with existing farm management systems and infrastructure can be challenging. Compatibility issues can lead to operational inefficiencies and additional costs.
- Data Management and Security: Automated milking systems generate large amounts of data that need to be managed and analyzed. Ensuring data security and protecting against cyber threats is crucial, as data breaches could compromise farm operations.
Browse full Report: https://www.futuremarketinsights.com/reports/milking-automation-market
Key Companies in the Market
- DeLaval
- GEA Group
- Nedap N.V.
- Allflex Livestock Intelligence
- Afimilk Ltd.
- Beco Dairy Automation Inc.
- Boumatic
- Dairymaster
- Waikato Milking Systems
Market Segmentation
By Offering:
- Hardware
- Milk meters
- Milking clusters
- Milk point controllers
- Pulsators
- Smart feeding robots (TMR/PMR-based feeding robots)
- Smart camera-based facial recognition systems (biometric IDs)
- Software
- Service
- Maintenance and Support
- Data Management and Analytic
By Farm Size:
By Species:
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
Authored by:
Nandini Roy Choudhury (Client Partner for Process Automation at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s related ongoing Coverage on Process Automation Market Insights Domain:
The global milk sterilizer machine market share is expected to reach a valuation of USD 2231 Million in 2023. Furthermore, with rising production and consumption of milk across the world, the overall demand for milk sterilizer machines is poised to increase at 8.4% CAGR between 2023 and 2033, surpassing a valuation of USD 4998 Million by 2033.
The commercial griddles and flat-top grills market demand is poised to reach a market valuation of USD 2 billion in 2023 and is projected to grow at a CAGR of 3% from 2023 to 2033. By the end of the said forecast period, a valuation of USD 2.7 billion is anticipated for the market.
The production of these products might be fueled as the dairy processing equipment market growth will occur moderately at a CAGR of 5.5% through 2034, reaching USD 18.3 billion. This progress will lift the dairy processing equipment market size to USD 10.7 billion by 2024.
The feed machine market analysis is set to progress at a CAGR of 4.70% through 2034. The market value is slated to increase from USD 1,395.9 million in 2024 to USD 2,209.6 million by 2034.
The rigid foam market outlook is anticipated to be worth USD 78.5 billion in 2024. The market is expected to grow at a CAGR of 8.9% from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit USD 184.0 billion.
The homogenizer market overview is expected to experience growth from its estimated USD 2 billion in 2024 to USD 3.8 billion by 2034. From 2024 to 2034, the sales of homogenizers are projected to advance at a CAGR of 6.5%.
The farm equipment market opportunity is valued at USD 114.6 billion in 2024 and is expected to reach USD 194.0 billion by 2034. Sales of farm equipment are projected to rise at a CAGR of 5.40% over the forecast period.
The worth of the worldwide air fryer market development is estimated at USD 982 million by 2024. The sale of air fryers is expected to increase at a CAGR of 6.7%, reaching a valuation of USD 1,883 million by 2034.
The global commercial combi oven market forecast reached USD 2,134.0 million in 2022. The market is anticipated to rise at a CAGR of 10.0% through 2033. The total market value is predicted to increase from USD 2,321.0 million in 2023 to USD 5,984.3 million by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
%
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Originally published at https://www.einpresswire.com/article/741935182/global-milking-automation-market-is-expected-to-reach-usd-2-2-billion-by-2034-driven-by-technological-advancements-and-growing-demand-future-market
