Milking Robots Market

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MarketsandMarkets Research Private Ltd.
Presents
Milking Robots Market worth 2.48 Billion USD by
2023
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ilking-robots-market-170643611.html
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The report "Milking Robots Market by Offering
(Hardware, Software, Service), System Type
(Single-Stall Unit, Multi-Stall Unit, Automated
Milking Rotary), Herd Size (Below 100, Between
100 and 1,000 and Above 1,000), Geography -
Global Forecast to 2023", The milking robots
market is expected to grow from USD 1.20 Billion
in 2016 to USD 2.48 Billion by 2023, at a CAGR of
11.06 between 2017 and 2023. Browse gtgt
66 market data tables
42 figures 138 pages
and in-depth TOC on Milking Robots Market
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The rapid growth of the milking robots market
can be attributed to various factors, such as
growing number of dairy farms across the globe,
reduced labor cost of dairy farm operations
because of low dependence on manual labor, and
increased milk yield due to more frequent milking
with the help of automatic milking
systems. Single-stall unit projected to lead
milking robots market by 2023 Among various
milking robot systems, the single-stall unit
segment is projected to lead the milking robots
market during the forecast period. The increasing
preference of dairy farm owners for automated
milking systems, mainly single-stall units, is
expected to drive the growth of this segment
during the forecast period. The single-stall unit
is the most widely used milking robot system on a
majority of dairy farms owing to its low cost and
simple operation. Typically, these stand-alone
units possess the capability to milk 6570 cows
several times in a day. Single-stall units are
perfect for small and medium-sized dairy farms,
where they find the highest adoption. Hardware
offering segment projected to lead milking robots
market during forecast period The hardware
offering segment is projected to lead the market
during the forecast period owing to the
increasing use of automated and control devices,
and sensing and monitoring devices, such as milk
meters, milk analyzers, RFID tags, and sensor
technologies in dairy farming.
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ilking-robots-market-170643611.html
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The growth of this segment can also be
attributed to the increasing preference of dairy
farm owners for automatic milking systems,
technological advancements in milk harvesting
management by the introduction of innovative
products by the key players, rising demand for
dairy products across the globe, and increasing
number of dairy farms of large herd size across
the globe. Milking robots market in APAC
expected to grow at highest CAGR during forecast
period The milking robots market in APAC is
expected to grow at the highest CAGR between 2017
and 2023. The increasing adoption of various
automatic milking systems and growing number of
dairy farms in APAC, especially in countries such
as Japan, China, and India, are expected to fuel
the growth of the market in the region during the
forecast period. Moreover, technological
advancements and increased awareness among
farmers regarding various benefits of the latest
automatic milking technologies drive the market
in this region. The report profiles key players
such as DeLaval Holding AB (Sweden), GEA Group AG
(Germany), Lely Holding S.A.R.L. (Netherlands),
SCR Dairy Inc. (Israel), S.A. Christensen Co.
(Denmark), Fullwood Ltd (UK), Afimilk Ltd
(Israel), BouMatic LLC (US), Hokofarm Group B.V.
(Netherlands), and DairyMaster Ltd (UK), among
others, operating in the market.
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ilking-robots-market-170643611.html
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