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What is the Expected Growth Rate of the Milking Automation Market for the Period 2024 to 2033?

In recent times, we’ve witnessed a significant growth in the milking automation market size. Its value is projected to increase from $0.97 billion in 2023 to $1.07 billion in 2024, showcasing a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this growth in the historic period include labor scarcity in the dairy farming sector, expansion of dairy herd sizes, a surge in demand for superior milk quality, concentration on animal welfare, the escalation in dairy production necessities, and government support along with incentives.

The market size for milking automation is anticipated to experience robust expansion in the coming times. It is projected to escalate to $1.53 billion by 2028, with a compound annual growth rate (CAGR) of 9.4%. The anticipated surge within this forecasted timeline can be credited to the concentration on sustainable and effective farming tactics, the broadening of dairy farming in rising markets, the increase in precision livestock farming, and cost reduction via automation, alongside improved milk quality oversight. Notable trends projected for this forecast period consist of robotic milking systems, the use of IoT and sensors in dairy farming, automated teat hygiene and preparation, data analytics for herd supervision, blending with cow health surveillance, and mobile applications for monitoring.

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What Factors Are Responsible for the Growth of the milking automation Market?

The milking automation market is poised for growth due to the projected increase in demand for dairy products. Dairy products encompass everything from butter, cheese, and yogurt to ice cream, condensed milk, dried milk, and other foods made from milk. With the forecasted rise in milk and its by-products in the future, automation serves as the key factor in effectively tapping into the sector’s growth potential. This, in turn, is propelling the milking automation market. The International Dairy Foods Association (IDFA), a US-based non-profit organization, reported in September 2022 that the dairy intake per capita saw a rise of 12.4 pounds per individual in 2022. In terms of milkfat, the average consumption of dairy by an American was 667 pounds in 2021. Specific dairy products such as American-type cheese saw an increase of 0.5 pounds, butter 0.2 pounds, and yogurt 0.7 pounds, indicating the growth in the demand for dairy products, and consequently, boosting the milking automation market.

Which Segments Are Important for Insight into the Milking Automation Market?

1) By Offering: Hardware, Software, Services

2) By Farm Size: Small, Medium, Large

3) By Species: Dairy Cattle, Goat, Sheep

What Are the Significant Trends Reshaping the Milking Automation Sector?

The increasing adoption of technologically advanced milking machinery is a prominent trend observed in the milking automation market. To solidify their market presence, dominant players in this sector are innovating and introducing new technologies. For instance, in 2022, DeLaval, a leading player in the global milking equipment industry headquartered in Sweden, introduced the E-series rotary milking system, marking the next evolution in rotary milking systems. This system not only retains reliable components from previous DeLaval rotary models but also integrates more data, automation features, and advanced technologies to enhance throughput efficiency. In a revolutionary approach, the new E-series systems prioritize natural milk flow from each cow, thereby ensuring optimal milk collection. This is achieved through the use of flow-adjusted vacuum technology, wherein the vacuum level used is responsive to the milk flow of each cow, thereby optimizing its performance.

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Which Regions Are Essential for the Growth of the Milking Automation Market?

Asia-Pacific was the largest region in the milking automation market in 2023. The regions covered in the milking automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Milking Automation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the milking automation market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Milking Automation Market Include

1. Milking Automation Market Executive Summary

2. Milking Automation Market Segments

3. Milking Automation Market Size And Template Market Growth Rate

4. Key Milking Automation Market Trends

5. Major Milking Automation Market Drivers

……

25. Key Mergers And Acquisitions In The Milking Automation Market

26. Top Milking Automation Companies

27. Milking Automation Market Opportunities And Strategies

28. Milking Automation Market, Conclusions And Recommendations

29. Appendix

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