Precision Livestock Farming Market Worth $4.6 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2

Milk harvesting application accounted for the largest share of precision livestock farming market in 2018

Several factors such as the increasing preference for automated milk harvesting systems, the focus of farmers toward increasing the milk yield, and growing demand for dairy products are driving the market growth. Automated milk harvesting reduces labor cost, increases milking efficiency, and leads to higher milk yields. Milk harvesting software is also used to devise and maintain harvesting schedules for each animal. These benefits of automated milk harvesting systems, coupled with the scarcity of personnel for milking cows, are the major factors driving the market growth. The increasing adoption of milking robots on dairy farms across the globe is expected to propel the growth of the milk harvesting management.

Europe expected to hold the largest share of precision livestock farming market during the forecast period

Europe is likely to hold the largest share of the precision livestock farming market between 2019 and 2024 owing to widespread automation of livestock farms in Western Europe. Increasing herd size, rising labor cost due to a severe shortage of labor force are the major factors for the high adoption of livestock technology in this region. Growing replacement of older milking systems with advanced and sophisticated ones in European countries is further expected to boost the growth of the market in this region.

Browse in-depth TOC on "Precision Livestock Farming Market"

66 – Tables

43 – Figures

161 – Pages

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The report profiles key players, including DeLaval (Sweden), GEA Farm Technology (Germany), Lely (Netherlands), Antelliq (France), Dairy Master (Ireland), Afimilk (Israel), BouMatic (US), Fancom B.V. (Netherlands), Fullwood Paco Ltd. (UK), Waikato Milking System (New Zealand), HokoFarm-Group (Netherlands), Trioliet B.V (Netherlands), VDL Agrotech (Netherlands), IceRobotics (UK), HID Global (US), Cainthus (Ireland), Connecterra (Netherlands), MiRobot (Israel), Farm Control (Portugal), Aleis Pty Ltd (Australia), Moocall (Ireland), and Cowlar (US).