Global Milking Robot Market 2020-2024
Technavio has been monitoring the milking robot market and it is poised to grow by $ 460.84 mn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on milking robot market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the adoption of technologies to combat skill shortages, advantages over the traditional milking process, and technological innovations in milking robot hardware and software.
The milking robot market analysis includes product segment and geographic landscape.
Technavio's milking robot market is segmented as below:
- Standalone units
- Multiple stall units
- Rotary units
By Geographic Landscapes
- North America
- South America
This study identifies the improvement in sensors used in milking robots as one of the prime reasons driving the milking robot market growth during the next few years. Also, programs for refurbished robots and adoption of software and mobile apps to enhance analytics in milk production will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our milking robot market covers the following areas:
- Milking robot market sizing
- Milking robot market forecast
- Milking robot market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milking robot market vendors that include AS SA Christensen & Co., Avon Rubber Plc, BouMatic, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group Aktiengesellschaft, Lely International NV, Milkplan Farming Technologies, and Tetra Laval International SA. Also, the milking robot market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.