250 Pages Milking Machine Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Milking Machine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Milking Machine Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=2204
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Milking Machine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Milking Machine
This newly published and insightful report sheds light on Market Insights of Milking Machine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Milking Machine Market.
According to a recent Fact.MR study, the global sales of milking machines were upward of 10 thousand units in 2018, and are estimated to record 7% Y-o-Y growth in 2019. Price volatility in the dairy industry shows no signs of abating, however the global milk production has been on an upward spiral in the recent past. Additionally, there has been a marked rise in adoption of milking machines among dairy farmers to stay ahead of the curve in this fiercely competitive landscape.
The Fact.MR study opines that the demand for cow milk is steadily exceeding the global supply, and eventually milking machines will replace labor-intensive operations in cow milk businesses. Leading manufacturers in the milking machine industry are increasingly focusing on small-scale businesses that are engaged in cow milk production, as local dairy businesses are primary suppliers to households in most developing countries.
The report finds that that cow milking machines accounted for nearly 80% sales in 2018. According to the International Farm Comparison Network (IFCN), outlook on the cow milk alludes a 20% rise in demand in the near future, whereas an average dairy farm would require to boost output by over 50%. In 2017, the average milk yield per cow reached 7 tons in Europe alone, and the global demand for cow milk continues to surge.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=2204
Stakeholders Vie to Tap Potential Opportunities in APEJ
The study finds that Europe remains the most lucrative market for milking machines, accounting for over 30% sales. However, APEJ is expected to emerge as an attractive region for stakeholders in the milking machine market to tap, with the rapid growth of the dairy industry in the region. It is highly likely that gains from milking machine sales in the APEJ will outpace those from the European Union (EU), alongside the rapid surge in milk production.
According to the study, growth of the milking machine market in the APEJ is mainly attributed to two factors—a dramatic upsurge in the milk production in developing Asian nations, and the negative impacts of the 2018 European drought and heat wave on its dairy industry. The EU-drought of 2018 caused lower milk yields in the region, causing the EU milk prices to soar. This is restricting European dairy businesses from adopting expensive milking machines in order to maintain competitive milk prices in the region.
A key trend gaining utter traction in the milking machine market is growing demand for fully automatic variants, as the requirement for time-effective production and enhanced productivity continues to intensify among dairy farmers. The efficiency in milking multiple animals in a single go, which increases the milking efficiency while reducing the dependency on labor and leading to quality improvement, continues to advocate adoption of automatic milking machines in the dairy industry.
The study opines that the milking machines will witness burgeoning demand in the foreseeable future, as improving business profitability with cost-competitive and tech-driven dairy farms is becoming a desideratum. Dairy businesses are more inclined towards investing in automatic milking machines in lieu of manual milking techniques to attain higher milk yields per labor hour. Increasing inclination of dairy farmers towards tech-driven investments in cutting edge robotic milking machines with tightening labor market will augur well for growth of the milking machine market.
This Fact.MR study offers a long-term perspective of the milking machine market during the period, 2019 to 2027. The milking machine market is projected to record a CAGR of approximately 8% CAGR through 2027.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/2204
Key Question answered in the survey of Milking Machine market report:
- Sales and Demand of Milking Machine
- Growth of Milking Machine Market
- Market Analysis of Milking Machine
- Market Insights of Milking Machine
- Key Drivers Impacting the Milking Machine market
- Which are the Key drivers impacted by Milking Machine market
- Restraints Shaping Market Growth
- Market Survey of Milking Machine
More Valuable Insights on Milking Machine Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Milking Machine, Sales and Demand of Milking Machine, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030
Firestop Sealants Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Centrifugal Chiller Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bulletin Track journalist was involved in the writing and production of this article.