World - Milking Machines - Market Analysis, Forecast, Size, Trends and Insights
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The global milking machine market is projected to experience growth in both volume and value over the next eight years, with increasing demand being a key driver. Market performance forecasts predict a steady expansion, with a forecasted CAGR of +4.6% for volume and +7.0% for value from 2022 to 2030. In 2022, global consumption of milking machines fell to 2.5M units, a decrease of -12.2% from the previous year. However, consumption trends have remained relatively flat overall. The countries with the highest levels of consumption in 2022 were China, the United States, and India, with China leading production volume. Global production and imports saw fluctuations, while exports showed a significant increase in 2022. The average milking machine export price declined in 2022, but the export value continued to expand. Overall, the global milking machine market is expected to see growth in the coming years, driven by increasing demand and market trends.
Market Forecast
Driven by increasing demand for milking machines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 3.5M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.0% for the period from 2022 to 2030, which is projected to bring the market value to $7.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Milking Machines
In 2022, global consumption of milking machines fell to 2.5M units, which is down by -12.2% on the previous year's figure. Overall, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at 2.9M units in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
The global milking machine market size reduced dramatically to $4.5B in 2022, which is down by -20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.3% against 2020 indices. As a result, consumption reached the peak level of $5.6B, and then reduced markedly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (393K units), the United States (287K units) and India (165K units), with a combined 34% share of global consumption. The Netherlands, Germany, Turkey, Russia, Japan, Indonesia, Belarus, Israel, Pakistan and Chile lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +26.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($899M) led the market, alone. The second position in the ranking was taken by the Netherlands ($391M). It was followed by Germany.
In Japan, the milking machine market expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the Netherlands (+26.9% per year) and Germany (+5.3% per year).
The countries with the highest levels of milking machine per capita consumption in 2022 were Belarus (6.5 units per 1000 persons), the Netherlands (5.9 units per 1000 persons) and Israel (5.7 units per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +26.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Milking Machines
In 2022, the amount of milking machines produced worldwide declined to 2.3M units, waning by -11.6% against the year before. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 51%. Global production peaked at 3.2M units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
In value terms, milking machine production declined to $3.9B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 38% against the previous year. Global production peaked at $5.9B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (432K units) constituted the country with the largest volume of milking machine production, accounting for 19% of total volume. Moreover, milking machine production in China exceeded the figures recorded by the second-largest producer, India (161K units), threefold. The third position in this ranking was taken by the Netherlands (111K units), with a 4.9% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +3.2%. The remaining producing countries recorded the following average annual rates of production growth: India (+3.1% per year) and the Netherlands (-3.8% per year).
Imports
World Imports of Milking Machines
In 2022, global milking machine imports rose sharply to 408K units, picking up by 13% against 2021 figures. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. Over the period under review, global imports reached the peak figure at 584K units in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, milking machine imports expanded slightly to $622M in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. As a result, imports reached the peak of $630M. From 2020 to 2022, the growth of global imports failed to regain momentum.
Imports By Country
The United States prevails in imports structure, amounting to 290K units, which was approx. 71% of total imports in 2022. It was distantly followed by Tunisia (23K units), making up a 5.6% share of total imports. Bolivia (13K units), India (11K units) and Germany (7.3K units) followed a long way behind the leaders.
Imports into the United States decreased at an average annual rate of -6.0% from 2012 to 2022. At the same time, Bolivia (+42.8%), Tunisia (+42.7%), Germany (+17.0%) and India (+6.2%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in the world, with a CAGR of +42.8% from 2012-2022. While the share of Tunisia (+5.5 p.p.), Bolivia (+3.2 p.p.), India (+1.7 p.p.) and Germany (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-21.4 p.p.) displayed negative dynamics.
In value terms, Germany ($100M) constitutes the largest market for imported milking machines worldwide, comprising 16% of global imports. The second position in the ranking was taken by the United States ($8.1M), with a 1.3% share of global imports. It was followed by Tunisia, with a 0.2% share.
From 2012 to 2022, the average annual growth rate of value in Germany stood at +5.7%. In the other countries, the average annual rates were as follows: the United States (-6.1% per year) and Tunisia (-4.9% per year).
Import Prices By Country
The average milking machine import price stood at $1,523 per unit in 2022, declining by -9% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milking machine import price increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $1,675 per unit, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($13,759 per unit), while the United States ($28 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Milking Machines
In 2022, after two years of decline, there was significant growth in shipments abroad of milking machines, when their volume increased by 89% to 197K units. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 91%. As a result, the exports reached the peak of 830K units. From 2020 to 2022, the growth of the global exports remained at a somewhat lower figure.
In value terms, milking machine exports expanded significantly to $624M in 2022. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Exports By Country
In 2022, Singapore (67K units), distantly followed by China (39K units), New Zealand (14K units), Israel (13K units), Sweden (11K units) and the Netherlands (9.9K units) represented the key exporters of milking machines, together generating 78% of total exports. The United Arab Emirates (7.1K units), India (7K units), Germany (6.2K units), Turkey (4.6K units) and the UK (4.2K units) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of +128.7%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest milking machine supplying countries worldwide were the Netherlands ($225M), Sweden ($116M) and Germany ($107M), together accounting for 72% of global exports.
Among the main exporting countries, Sweden, with a CAGR of +30.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average milking machine export price stood at $3,160 per unit in 2022, dropping by -44.5% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 395% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,696 per unit in 2021, and then contracted sharply in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($22,813 per unit), while Singapore ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+36.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global milking machine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28308200 - Milking machines
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global milking machine market.
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