Global Automatic Milking Machines Market 2019-2023
About this market
To increase the profitability for dairy farmers, the milk production must be increased, while time taken for mill production should be reduced. To improve the work efficiency in dairy farms, the diary farmers need to perform the milking operation in a lesser time. Hence, the prefer automatic milking machines, as they can manage larsger herds faster while minimizing the risk of transmitting pathogenic microorganisms. This allows the diary farmers to collect milk compared with the traditional way to milking. Hence, dairy farmers are increasingly investing in automatic milking machines, as they do not require any labor and enhance the milking efficiency, their increasing their profits. Technavio’s analysts have predicted that the automatic milking machines market will register a CAGR of more than 7% by 2023.
Increasing focus on improving milk quality and yield
The automatic milking machines help address the issues associated with quality of raw milk collected through traditional methods. Automatic milking machines also maintain the quality of milk by keeping the milk enclosed and safe from external contamination. Hence, the role of automatic milking machines on improving the milk quality and yield will fuel the growth of the market during the forecast period.
High investments and maintenance cost of automatic milking machines
The automatic milking machines also require frequent maintenance, which can incur additional cost, thereby making it difficult for the end- users to meet profitability in their business. Hence. The high upfront cost of automatic milking machines may hinder the potential growth of the market during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the automatic milking machines market during the 2019-2023, view our report.
The global automatic milking machines market is extremely concentrated. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Automatic Milking Machines Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing inclination toward automatic milking machines with mobile application.”
According to the report, one of the major drivers for this market is the growing inclination toward dairy products will drive the global automatic milking machines during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is the low adoption of automatic milking machines in developing economies may affect the potential growth of the market during our forecast period.
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