Milking Robots Market Expected to Reach $7 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Milking Robots Market," The milking robots market size was valued at $1.7 billion in 2021, and is estimated to reach $7 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031.

Increasing labor costs and the adoption of automation in the dairy industry are expected to drive the milking robots market growth. Demand for milking robot systems in the dairy farming industry is being driven by a significant increase in herd size as well as the introduction of innovative and advanced automation technologies. Additionally, the market is being boosted by the expansion of dairy industries and the growing demand from the food and beverage sector. This is driving the adoption of robots for operational reasons, which will boost development, along with an increase in the demand for quality and quantity automatic milker and the high cost of labor. thses factor is anticipated to drive the market growth.

The high initial investment significantly limits the market expansion of milking robots. Adoption of hardware elements and technological advancements such as automation and control devices, sensing and monitoring equipment, results in both upfront and ongoing installation costs. Hardware components, cloud-based or on-premise software solutions, and a variety of services such as connectivity, system integration and consultation, managed services, and aided professional services all have a significant impact on the high cost of robotic milking system. thses factor restraint the milking robots market growth.

Significant increases in herd size, as well as the introduction of innovative and advanced automation technologies, are driving demand for milking robot systems in the dairy farming industry. The technology enables the automation of a wide range of dairy functions, including herd management, milking operations, and dairy farm management. It also makes milk production easier due to increased efficiency and frequency of the process. The use of robotics technology reduces the need for labor while also assisting in the maintenance of product quality. The use of milking automation technology, such as milking robots, can significantly lower labor costs on dairy farms by increasing milk production. In addition to reducing manual labor, milking robots also increase the number of times a single cow can be milked, increasing production.

The global milking robots market share is segmented based on system, offering, and herd size, and region. By system, it is classified into single-stall milking system, multi-stall milking system and rotary milking system. By offering, it is classified into software, hardware, and services. By herd size, it is classified into less than 100, between 100 to 1,000 and more than 1,000. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the milking robots market report include Afimilk Ltd., BouMatic Robotics, Dairymaster, DeLaval (Tetra Laval), Fullwood Ltd., GEA Group AG, Lely Industries N.V., Read Industrial Ltd., System Happel, and Waikato Milking Systems NZ LP

The report offers a comprehensive analysis of the global milking robots market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces milking robots market analysis to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Milking Robots Industry

• The COVID-19 impact is anticipated to be highly variable across regions, among farmers, producers, and the supply chain. The main reason for halting investments in milking robots during this time is that farmers are unable to access markets for their product because of logistical and operational challenges.
• The pandemic is anticipated to impact farmers the most who serve commercial customers like food processing plants, hotels, and restaurants. Beginning in 2021, it's anticipated that the use of milking robots will greatly increase in developed regions.

Key Findings of the Study

• Based on system, the multi-stall milking system sub-segment emerged as the global leader in 2021 and rotary milking system sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on offering, the hardware sub-segment emerged as the global leader in 2021.
• Based on herd size, the less than 100 sub-segments emerged as the global leader in 2021 and between 100 to 1,000 sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on region, the Europe market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.