NEW YORK, Dec. 14, 2022 /PRNewswire/ -- The milking robot market size is forecasted to increase by USD 615.93 million from 2022 to 2027, at a CAGR of 8.07%, according to the recent market study by Technavio. The growth of the market will be driven by the adoption of technologies to handle skill shortages, advantages over the traditional milking process, and technological innovations in milking robot hardware and software.
Technavio categorizes the global milking robot market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report
Technavio has extensively analyzed 15 major vendors, including Afimilk Ltd., Allflex Group, AMS Galaxy USA, AS SA Christensen & Co., BouMatic, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group AG, Hokofarm Group, Lely International NV, Livestock Improvement Corp. Ltd., Milkplan SA, Milkwell Milking Systems, Read Industrial Ltd., System Happel GmbH, Tetra Laval S.A., and Waikato Milking Systems NZ LP.
Key benefits for industry players and stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Expand operations in future - To get requisite details, ask for a custom report.
Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the milking robot devices market by industry experts to evaluate and develop growth strategies.
The market is segmented by product (standalone units, multiple store units, and rotary units) and component (hardware, software, and services).
Segmentation by product (inclusion/exclusion)
- Inclusion:
- Standalone units:
The standalone units segment grew gradually from USD 431.14 million in 2017 to 2021. Standalone units are the most common robotic milking systems and are less expensive than other advanced systems for dairy farms. They have a simple design and low installation and maintenance costs. Hence, owing to these factors, the standalone units segment will account for a significant share of the market's growth during the forecast period.
To get detailed insights about inclusions and exclusions, buy the report.
Related reports -
Automatic milking machines market by product, mobility type, and geography - Forecast and analysis 2022-2026 – size is estimated to increase by USD 1.83 billion from 2021 to 2026, with an accelerated CAGR of 7.34%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by product (semi-automatic milking machines and fully-automatic machines), mobility type (stationary automatic milking machines and portable automatic milking machines), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
Robot kitchen market by application and geography - Forecast and analysis- 2022-2026 – size is estimated to increase by USD 160.44 million from 2021 to 2026, with an accelerated CAGR of 19.48%, according to the recent market study by Technavio. The increasing demand from end-users is one of the key factors driving the market growth.
What are the key data covered in the milking robot market?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the milking robot market between 2023 and 2027
- Precise estimation of the size of the milking robot market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the milking robot market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of milking robot market vendors
Milking Robot Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic Period |
2017 -2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.07% |
Market growth 2023-2027 |
USD 615.93 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.6 |
Regional analysis |
Europe, North America, APAC, South America, and the Middle East and Africa |
Performing contribution |
Europe at 33% |
Key countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, market positioning of vendors, competitive strategies, and industry risks |
Companies profiled |
Afimilk Ltd., Allflex Group, AMS Galaxy USA, AS SA Christensen & Co., BouMatic, Dairymaster, Fabdec Ltd., Fullwood Ltd., GEA Group AG, Hokofarm Group, Lely International NV, Livestock Improvement Corp. Ltd., Milkplan SA, Milkwell Milking Systems, Read Industrial Ltd., System Happel GmbH, Tetra Laval S.A., and Waikato Milking Systems NZ LP |
Market dynamics |
Parent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's industrials market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global milking robot market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global milking robot market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 Component Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Standalone units - Market size and forecast 2022-2027
- Exhibit 34: Chart on Standalone units - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Standalone units - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Standalone units - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Standalone units - Year-over-year growth 2022-2027 (%)
- 6.4 Multiple store units - Market size and forecast 2022-2027
- Exhibit 38: Chart on Multiple store units - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Multiple store units - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Multiple store units - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Multiple store units - Year-over-year growth 2022-2027 (%)
- 6.5 Rotary units - Market size and forecast 2022-2027
- Exhibit 42: Chart on Rotary units - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Rotary units - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Rotary units - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Rotary units - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)
7 Market Segmentation by Component
- 7.1 Market segments
- Exhibit 47: Chart on Component - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Component - Market share 2022-2027 (%)
- 7.2 Comparison by Component
- Exhibit 49: Chart on Comparison by Component
- Exhibit 50: Data Table on Comparison by Component
- 7.3 Hardware - Market size and forecast 2022-2027
- Exhibit 51: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
- 7.4 Software - Market size and forecast 2022-2027
- Exhibit 55: Chart on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Software - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Software - Year-over-year growth 2022-2027 (%)
- 7.5 Services - Market size and forecast 2022-2027
- Exhibit 59: Chart on Services - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Services - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Services - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Services - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Component
- Exhibit 63: Market opportunity by Component ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Japan - Market size and forecast 2022-2027
- Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.14 Market opportunity by geography
- Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 117: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 118: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification
- 12.3 Afimilk Ltd.
- Exhibit 120: Afimilk Ltd. - Overview
- Exhibit 121: Afimilk Ltd. - Product / Service
- Exhibit 122: Afimilk Ltd. - Key offerings
- 12.4 Allflex Group
- Exhibit 123: Allflex Group - Overview
- Exhibit 124: Allflex Group - Product / Service
- Exhibit 125: Allflex Group - Key offerings
- 12.5 AMS Galaxy USA
- Exhibit 126: AMS Galaxy USA - Overview
- Exhibit 127: AMS Galaxy USA - Product / Service
- Exhibit 128: AMS Galaxy USA - Key offerings
- 12.6 AS SA Christensen and Co.
- Exhibit 129: AS SA Christensen and Co. - Overview
- Exhibit 130: AS SA Christensen and Co. - Product / Service
- Exhibit 131: AS SA Christensen and Co. - Key offerings
- 12.7 BouMatic
- Exhibit 132: BouMatic - Overview
- Exhibit 133: BouMatic - Product / Service
- Exhibit 134: BouMatic - Key offerings
- 12.8 Dairymaster
- Exhibit 135: Dairymaster - Overview
- Exhibit 136: Dairymaster - Product / Service
- Exhibit 137: Dairymaster - Key offerings
- 12.9 Fabdec Ltd.
- Exhibit 138: Fabdec Ltd. - Overview
- Exhibit 139: Fabdec Ltd. - Product / Service
- Exhibit 140: Fabdec Ltd. - Key offerings
- 12.10 Fullwood Ltd.
- Exhibit 141: Fullwood Ltd. - Overview
- Exhibit 142: Fullwood Ltd. - Product / Service
- Exhibit 143: Fullwood Ltd. - Key offerings
- 12.11 GEA Group AG
- Exhibit 144: GEA Group AG - Overview
- Exhibit 145: GEA Group AG - Business segments
- Exhibit 146: GEA Group AG - Key offerings
- Exhibit 147: GEA Group AG - Segment focus
- 12.12 Hokofarm Group
- Exhibit 148: Hokofarm Group - Overview
- Exhibit 149: Hokofarm Group - Product / Service
- Exhibit 150: Hokofarm Group - Key offerings
- 12.13 Lely International NV
- Exhibit 151: Lely International NV - Overview
- Exhibit 152: Lely International NV - Product / Service
- Exhibit 153: Lely International NV - Key offerings
- 12.14 Livestock Improvement Corp. Ltd.
- Exhibit 154: Livestock Improvement Corp. Ltd. - Overview
- Exhibit 155: Livestock Improvement Corp. Ltd. - Business segments
- Exhibit 156: Livestock Improvement Corp. Ltd. - Key offerings
- Exhibit 157: Livestock Improvement Corp. Ltd. - Segment focus
- 12.15 Milkplan SA
- Exhibit 158: Milkplan SA - Overview
- Exhibit 159: Milkplan SA - Product / Service
- Exhibit 160: Milkplan SA - Key offerings
- 12.16 Milkwell Milking Systems
- Exhibit 161: Milkwell Milking Systems - Overview
- Exhibit 162: Milkwell Milking Systems - Product / Service
- Exhibit 163: Milkwell Milking Systems - Key offerings
- 12.17 Read Industrial Ltd.
- Exhibit 164: Read Industrial Ltd. - Overview
- Exhibit 165: Read Industrial Ltd. - Product / Service
- Exhibit 166: Read Industrial Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources
- 13.5 List of abbreviations
- Exhibit 173: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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