Cow Milking Machines Market: Stakeholders Vie to Tap Potential Opportunities in APEJ

Posted on 2019-07-03 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jul-03 — /EPR Network/ — According to a recent Fact.MR study, the global sales of milking machines were upward of 10 thousand units in 2018, and are estimated to record 7% Y-o-Y growth in 2019. Price volatility in the dairy industry shows no signs of abating, however the global milk production has been on an upward spiral in the recent past. Additionally, there has been a marked rise in adoption of milking machines among dairy farmers to stay ahead of the curve in this fiercely competitive landscape.

Stakeholders Vie to Tap Potential Opportunities in APEJ

The study finds that Europe remains the most lucrative market for milking machines, accounting for over 30% sales. However, APEJ is expected to emerge as an attractive region for stakeholders in the milking machine market to tap, with the rapid growth of the dairy industry in the region. It is highly likely that gains from milking machine sales in the APEJ will outpace those from the European Union (EU), alongside the rapid surge in milk production. Cow Milking Equipment Sales Surge as Stakeholders Tap Rising Demand from Small-Scale Businesses, finds Fact.MR Study

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Key Challenges in the Milking Machine Market?

Low product penetration in underdeveloped countries, where dairy farmers prefer hand-milking over milking with robots, is restricting growth of the milking machine market across the globe.
High operating and maintenance costs of milking machines, including expensive parts and replacement and recurring electricity bills, may impose a negative impact on sales and adoption.
Dairy industry faces uncertain future due to volatile dairy prices, forcing milking machine manufacturers to constantly modify their business strategies in order to shun losses.

In Brief

During 2013 to 2018, the milking machine market witnessed an impressive growth at a CAGR of 6%, mainly attributed to the rapid penetration of automation in the dairy industry.
Demand for milking machine has been significantly influenced by the advent of advanced electromechanical technologies in the dairy equipment industry. The milking machine market was estimated at over US$ 1.5 billion in 2018.
The milking machine market is expected to grow at a CAGR of nearly 8% through 2027, as leading stakeholders continue to enhance their product portfolio to gain a competitive edge.
Europe remains the leading market for milking machine, accounting for over 30% sales, despite a rigid dichotomy between veganism and high consumption for dairy products in the region.

Key Players

LELY, GEA Group, DeLaval, Fullwood Packo, BouMatic, S.A. Christensen & Co., Milkplan Farming Technologies, Prompt Dairy Tech, ADFmilking Ltd., Afimilk Ltd., Impact Technologies, Bisstarr Milking Systems, Vansun Technologies Pvt Ltd., AMS-Galaxy USA, and Caprine Supplyare among the leading companies in the milking machine market that are featured in the Fact.MR report.
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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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