Global Milking Robot Market 2018-2022| Adoption of Technology Drives Growth| Technavio
LONDON--(BUSINESS WIRE)--Dec 28, 2018--Technavio’s global milking robot market research report forecasts the market to grow at a CAGR of over 9% during the forecast period.
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Technavio’s global milking robot market research report forecasts the market to grow at a CAGR of over 9% by 2022. (Graphic: Business Wire)
The improvement in sensors used in milking robots will be one of the major trends in the during 2018-2022. Advanced sensors are expected to be incorporated into milking robots to ensure that the quality of milk is regulated. There will be an increase in the adoption of milking robots equipped with smart sensors during the forecast period. These sensors will analyze milk quality and identify abnormalities based on parameters such as conductivity, composition, and cell count.
According to Technavio analysts, one of the key drivers for the global milking robot market is the adoption of technology to combat skill shortages:
Global milking robot market: Adoption of technology to combat skill shortages
The milking of herds by robots has around 5%-10% more productivity when compared with traditional milking process. The robotic systems such as multiple stall and rotary units can handle several animals, which helps in enhancing the productivity and yield. The milk production and labor charges are the key cost drivers, controlling which can help in enhancing the business outcome for the dairy industry.
According to a senior research analyst at Technavio, “The adoption of milking robots is expected to be driven by rising labor costs and the growing demand for food. Owing to the current situation in the labor market, there is an increase in the demand for milking staff to meet the milking demand, particularly in industrialized countries. Hence, to meet the hygiene conditions, increase productivity, and achieve cost efficiency, more dairy farms are expected to adopt milking robots.”
Global milking robot market: Segmentation analysis
This global milking robot market analysis report provides market segmentation by product (standalone units, multiple stall units, and rotary units) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major products, the standalone units segment held the largest milking robot market share in 2017, contributing to nearly 43% of the market. This product segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2017, accounting for more than 45% share. It was followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 12/28/2018 04:56 AM/DISC: 12/28/2018 04:56 AM