Milking equipment is a device used in ranches to squeeze fresh milk, usually consisting of a milking machine and a vacuum device. Milking equipment helps to improve the hygiene quality of fresh milk and increase labor productivity, making it an extremely important equipment for ranches.

Overview of Market Development

In recent years, with the rapid development of the global agricultural industry and the increasing demand for high-quality milk sources from consumers, the global market size of milking equipment has continued to expand. According to our research data, the estimated global milking equipment market revenue in 2024 is $2521 million, an increase of 10.76% compared to 2023. It is expected that the market revenue will continue to increase to $4199 million by 2029.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global milking equipment market is moderate. According to the data, the total revenue of the top 3 enterprises in the milking equipment market in 2023 was $1053 million, with a total revenue share of 46.25%. The top three companies were DeLaval, GEA Farm Technologies, and LELY. In 2023, these three companies accounted for 26.51%, 10.20%, and 9.54% of the global market revenue in the milking equipment market, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, milking equipment can usually be divided into fully automatic milking equipment and semi-automatic milking equipment based on the degree of automation. Among them, fully automatic milking equipment dominates the market. According to our data, the estimated revenue of the global fully automated milking equipment segment in 2024 is $1691 million, and the market share is expected to reach 67.09%.

From an application perspective, milking equipment is mainly used for cow milking and sheep milking. Among them, cow milking accounts for the majority of the market share, with an estimated 60.08% in 2024.

Global Milking Equipment Segment Market Revenue and Share Forecast in 2024

	Market Revenue (Million USD)	Market Share
Segmented by Type
Fully Automatic Milking Equipment	1691	67.09%
Semi-Automatic Milking Equipment	707	28.05%
Others	123	4.86%
Segmented by Application
Cow Milking	1717	60.08%
Sheep Milking	1002	35.08%
Others	138	4.84%

Market Outlook and Trend Prediction

Market demand continues to grow: With the growth of the global population and the increasing demand for high-quality milk from consumers, the global milking equipment market will continue to maintain a growth trend. Especially in some developing countries and regions, with the rapid development of the agricultural industry and the improvement of farmers' living standards, the demand for milking equipment will further increase.

Technological innovation drives market development: In the future, with the continuous progress and innovation of technology, more innovative and practical products will emerge in the milking equipment market, such as more intelligent milking equipment and more environmentally friendly refrigeration systems. These innovations will further improve the efficiency and reliability of milking equipment, meeting the needs of users for high quality and efficiency. At the same time, the concepts of environmental protection and sustainable development have gradually been introduced into the design and production of milking equipment, driving the market towards a more environmentally friendly and energy-saving direction.