Milking Machines Global Market
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 in the historic period can be attributed to population growth, high investment in dairy farming, growth in dairy cattle population, and increase in quality and yield of the 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 growth in the forecast period can be attributed to rapidly-expanding organic dairy businesses, growing demand for milk and dairy products, and focus on reducing labor dependency. Major trends in the forecast period include adopting robotic milking systems, investing in…
