Global Robotic Milking System Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 13 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Robotic Milking System market industry is poised to raise USD 8.55 billion by 2025. The major factors expected to augment the market are technological advancements & product launches and reduced labor cost due to automation on dairy farms. Milking robots, also known as robotic milking machines, automatic milking systems (AMS) or voluntary milking systems (VMS), were developed in the late 20th century. They have been commercially available since the early 1990s. The core of such systems that allows complete automation of the milking process is a type of agricultural robot.
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Global Robotic Milking System Market Size Study By Product (Pail Milking Robots, Pipeline Milking Robots, Others), By Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), By Farm Size (Small, Medium, Large), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Delaval, GEA Group AG, Lely Holding S.A.R.L., Fullwood Ltd., Mirobot Ltd., Boumatic LLC, Dairymaster, SCR Dairy, Inc., Waikato Milking Systems LP, Bella AG LLC, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Pail Milking Robots
- Pipeline Milking Robots
- Single-Stall Unit
- Multi-Stall Unit
- Automated Milking Rotary
By Farm Size:
- North America
- Asia Pacific
- Latin America
- Rest of the World