Milking Machines Global Market Report 2024

The milking machines market size has grown strongly in recent years. It will grow from $3.79 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to population growth, substantial investment in dairy farming, an increase in the dairy cattle population, and improvements in the quality and yield of milk.

The milking machines market size is expected to see strong growth in the next few years. It will grow to $5.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to the rapid expansion of organic dairy businesses, a growing demand for milk and dairy products, and a focus on reducing labor dependency. Key trends in the forecast period include the adoption of robotic milking systems, investment in artificial intelligence (AI), the incorporation of the Internet of Things (IoT), investment in 5G technology to digitize dairy farms, and consideration of strategic collaborations or acquisitions.

The milking machines market is anticipated to experience growth, driven by an increase in the rearing of dairy cattle. As of May 2021, global data from the US Department of Agriculture Foreign Agriculture Service revealed a rise in the number of dairy cows to 137 million heads in 2020. Projections for 2021 anticipated a further increase to over 138 million heads. This surge in the global dairy cattle population has contributed to an upswing in milking production, consequently boosting revenues in the milking machinery market.

The escalating demand for dairy products is expected to be a key driver for the growth of the milking machines market. Dairy products, made predominantly from mammalian milk, including cattle, sheep, and goats, witness increased production facilitated by milking machines. In April 2022, data from the United States Department of Agriculture indicated a 19% growth in the US dairy and products export value, rising from $6.44 billion in 2020 to $7.66 billion in 2021. The growing consumer demand for dairy products is poised to further propel the milking machines market.

Leading companies in the milking machines market are concentrating on innovation, exemplified by the development of rotary milking systems, to offer reliable services to their customers. Rotary milking systems, characterized by a rotating platform moving cows past milking stalls, enhance efficiency in the milking process. For instance, in March 2023, DeLaval, a Sweden-based manufacturer of dairy and farming machinery, introduced the DeLaval Rotary E500. This innovative system prioritizes a cow's natural milk flow by utilizing flow-adjusted vacuum technology, monitoring individual cows' milk flow, and adjusting the vacuum level accordingly. The DeLaval Rotary E500 can efficiently milk up to 1,066 cows per hour, providing a gentle and effective milking experience through its Flow-Responsive Milking technology.

In October 2021, BouMatic LLC, a US-based dairy equipment manufacturer, successfully acquired SAC Group, a Denmark-based company specializing in milking systems and machines. This strategic acquisition positions BouMatic to broaden its product offerings and technological capabilities, enabling the delivery of top-tier dairy farm solutions to its clientele.

Major companies operating in the milking machines market report are DeLaval Inc., GEA Group, Lely Holding SARL, BouMatic Robotics B.V., Fullwood Packo, Afimilk Ltd., S. A. Christensen & Co, Milkplan, Prompt Dairy Tech, AMS-Galaxy USA, Handtop Tech Co Ltd., Arcnut Agro Machinery, Yuyao Yuhai Livestock Machinery Technology Co., Ltd., Shanghai Ruike Machinery Equipment Co.,Ltd., Demir Packing & Agricultural Machinery, Daviesway, ORION Machinery Co., ltd., Vansun Technologies Pvt. Ltd., EE-Media, Genjing Records, Ocean Butterflies Music, Pest Productions, Outdustry, Split Works, Popsport, ADFmilking Ltd., Agrifac Machinery BV, Pjur Group Luxembourg S.A., Kanters Holland BV , Bob-White Systems Inc., Vevor, Slavic Beauty, Dansha Farms, The Coburn Company, Alfa Laval, UKAL Canada, Damate Group, Triunfo Indústria Metalúrgica, Melasty, LUSNA, SEZER Milking Technologies, Al Ain Farms, WaikatoSA, miRobot LTD., Bisstarr Milking Systems.

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

The countries covered in the milking machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain. The milking machine market consists of sales of herringbone milking parlour, rotary milking parlour, swingover miking parlour, and bucket milking machine. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary product types of milking machines are fully automatic and semi-automatic. Fully automatic refers to a device equipped with controls that enable it to perform tasks without constant operation by a person. The livestock typically involved in milking machines include cows, sheep, goats, buffaloes, and other similar animals. Various applications for milking machines include micro-dairy farms, macro dairy farms, and other related uses.

The milking machines market research report is one of a series of new reports that provides milking machines market statistics, including milking machines industry global market size, regional shares, competitors with a milking machines market share, detailed milking machines market segments, market trends and opportunities, and any further data you may need to thrive in the milking machines industry. This milking machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.