DUBLIN–(BUSINESS WIRE)–The “Robotic Milking Market – Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com‘s offering.
The robotic milking market is projected to grow at a CAGR of 9.78% over the forecast period of 2017-2023.
Cost-effectiveness due to reduced labour cost and increasing cattle productivity due to automation and effective monitoring are the major factors driving the demand for robotic milking solutions. However, the high initial cost of equipment will inhibit the growing demand for these solutions.
By component, the robotic milking market has been segmented into hardware, software and services. Hardware held a significant market share in 2017 owing to the increasing consumer base opting for hardware solutions and existing customers adding new machines so as to expand their overall herd size.
The hardware market is very competitive due to the presence of a large number of players entering the market. The software component for the hardware is being updated on a regular basis as companies aim to provide state-of-the-art solutions to the farm owners. Growing investment in farm automation so as to improve farm productivity and profitability will boost the demand for software.
Services held a conservative market share as compared to hardware and software and are projected to grow at a moderate rate throughout the forecast period.
Major industry players profiled as part of the report are DeLaval, Inc., GEA Group Aktiengesellschaft, Lely, Fullwood Packo, BouMatic Robotics, and Dairymaster among others.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Robotic Milking Market by Component
6. Robotic Milking Market by Herd Size
7. Robotic Milking Market by Geography
8. Competitive Intelligence
9. Company Profiles
- DeLaval, Inc.
- GEA Group Aktiengesellschaft
- Fullwood Packo
- BouMatic Robotics
- SCR Dairy
- Afimilk, Ltd.
- Waikato Milking Systems NZ LP
- Hokofarm Group B.V.
For more information about this report visit https://www.researchandmarkets.com/research/vn62m9/global_robotic?w=4