TECHNOLOGY FACTS

Zonal Isolation Packers Market Growth, Forecast and Application to 2027

According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers.

Report Overview: https://www.factmr.com/report/3105/zonal-isolation-packers-market

“One of the chief aspects fuelling demand is rising need for effective zonal isolation technologies to prevent damage of casing and other formations in a wellbore. Moreover, zonal isolation packers are also widely-used as an ideal anchor point for effective production tubing, creating untapped potential for the stakeholders of zonal isolation packers market”, says Fact.MR study.

The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.

The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open hole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will continue to grow by leaps and bounds, with global demand estimated to surpass 22,500 units in 2019.

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The zonal isolation packers market landscape portrays hegemony of the top 3 players- Halliburton, Schlumberger Limited, and Baker Hughes Inc., whose growth is uphold by robust product portfolios. Furthermore, the zonal isolation packers market also demonstrates larger presence of regional players, which may compel the leading players to deliberately cut down their product prices for improving their product positioning. Moreover, manufacturers in the zonal isolation packers market are also focusing on product benchmarking as a continuous improvement tool, wherein they are comparing their offerings with the industry-best products to pick out areas of improvement.

According to the Fact.MR study, the key players in the zonal isolation packers market are positioning their production units in close proximity with prominent oil & gas sites, with an objective of minimizing the transportation costs. In line with the competitive market environment, the end-users continue to be in a stronger position in the zonal isolation packers market landscape. Sensing the aforementioned, manufacturers in the zonal isolation packers are vying to establish differential approaches as compared to that of their rivals, in order to ensure that product designs are appropriate and all-aligned with evolving end-user requirements.

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Pneumatic Rollers Market Details a Comprehensive Study by Key Players

The pneumatic rollers market continues to remain influenced by a cohort of industry specific and socioeconomic aspects such as growing urbanization and public-private partnerships. Increasing construction of roadways in a bid to facilitate import and export of goods and products coupled with significant growth in the construction industry continues to remain instrumental in driving sales of pneumatic rollers worldwide. Fact.MR foresees that the demand for pneumatic rollers is projected to expand at a CAGR of 4.7% in terms of volume during the period of forecast, 2018-2028. The pneumatic rollers market report also reveals that the sales volume of pneumatic rollers are estimated to surpass 10,500 units by end of the year of assessment.

Report Overview: https://www.factmr.com/report/1913/pneumatic-rollers-market

Manufacturers of pneumatic rollers have been investing in research and development to bring innovations in their pneumatic rollers. With technological advancements proliferating the compact equipment space, manufacturers are introducing pneumatic rollers with advanced safety features in a bid to improve operator and equipment safety. Quick attachment and detachment features along with automated control system are likely to drive the demand for advanced pneumatic rollers in turn pushing the growth of the pneumatic rollers market, says the report.

Rising government regulations regarding carbon emissions from compaction equipment such as pneumatic rollers have compelled manufacturers to develop pneumatic rollers with superior engines complying with Tier 4 standards. Pneumatic rollers with Tier 4 compliant engines feature significant reduction of oxides of nitrogen and particulate matter. In addition, advanced pneumatic rollers have passive regeneration system that facilitates automatic cleaning of filters, consequently curbing carbon emissions. The auto-idle feature further reduces fuel consumption, in turn reducing pollutant levels in environment.

Sales of pneumatic rollers with engine capacity 100-130 HP are expected to increase at a steady pace. Pneumatic rollers with 100-130 HP capacity are likely to account for a major share in the pneumatic rollers market on the back of their increasing use in road making coupled with comparatively reasonable pricing. However, the report reveals that the demand for pneumatic rollers with more than 130 HP is projected to expand at a high rate throughout the period of assessment owing to their sturdiness and high power which is essential in heavy applications.

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Pneumatic rollers with operating capacity in the range of 8,000-12,000 kg are expected to witness increasing adoption on the back of high efficiency and improved area of contact, says the report. In addition, pneumatic rollers with 8,000-12,000 kg offer maximized road density, which is expected to further push their demand in the years to follow. Moreover, increasing heavy road constructions such as the China’s Super Highway project, continue to influence demand for pneumatic rollers with more than 18,000 kg operating capacity, says the report.

Demand for pneumatic rollers with drum width up to 1800 mm is projected to expand at a higher pace during the period of forecast, closely followed by pneumatic rollers with drum width ranging from 1800-2000 mm. However, the report foresees that sales of pneumatic rollers with drum width ranging from 2000 to 2200 mm are likely to remain dominant throughout the assessment period, with sales volume crossing units 3,500 units by the end of the forecast period.

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Aircraft Towbars Market Massive Growth, Demand by Segmentation, Region and Forecast to 2028

The sluggishness in the aircraft towbar market continues in 2018 as well, with global demand likely to grow by just 44 units over 2017. According to a new Fact.MR study, a combination of multi-pronged factors, ranging from concerns about ground support inefficacy to rising procurement costs is likely to impact the prospects of the market.

Report Overview: https://www.factmr.com/report/1796/aircraft-towbars-market

The report finds that conventional towbar mechanism continues to be the preference for the aviation industry; however, the status quo is undergoing a change owing to proliferation of electric aircraft towbars. Despite preeminence of conventional aircraft towbar in terms of volume, electric aircraft towbar is set to register approximately 2X sales growth than the former through 2028. The report finds that corded electric aircraft towbars are being steadily replaced by cordless variants. Additionally, advancements in battery technology, from lead-acid to lithium-ion, has further complemented development and sales of electric variants in the aircraft towbar market recently.

Sensing the requirement variations in aircrafts, key players in the aircraft towbar market have introduced the equipment in several product designs, with standard/universal and multi-head being sought-after in the industry. While pervasiveness of multi-head aircraft towbar continues to retain its status quo, competition has been intensifying from standard/universal aircraft towbars in recent years. Multi-head variants are likely to account for leading volume shares of aircraft towbar market, whereas standard/universal variants will exhibit a comparatively faster growth through 2028.

According to the report, aircraft towbar are fast approaching a period of redundancy, with leading companies in the aircraft towbar market upgrading to towbarless tugs. Several operational hazards associated with conventional aircraft towbars, coupled with ambiguities about their operational efficiency among end-users are likely to deter demand in the future. Prominent companies in the aircraft towbar market are investing in remotely-controlled and towbarless tugs to curtail security issues related to the traditional fuel-based counterparts, and realize enhanced return on investments.

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The IATA estimations of nearly US$ 4 billion savings by improving safety attributes in GSE has led manufacturers to opt for right safety management systems, and aircraft towbar is no exception. The report finds that safety management systems (SMS) aspects are likely to aid players in the aircraft towbar market in making design improvements in their equipment, and ensuring compliance to safety regulations. Such powerful benchmarking measures are likely to foster a trend of continuous improvement in GSE, which in turn will undergird growth of the aircraft towbar market.

According to Fact.MR’s study, stakeholders are now emphasizing on real-time, transparent data exchanges in the aircraft towbar market, for early detection of potential bottlenecks. Seamless integration of advanced line maintenance software solution into GSE has meant that improvements in raw material and design continue to rise in the aircraft towbar market. Optimization of solutions that offer intelligence beyond status and location of equipment, where GSE such as aircraft towbar are concerned, is another key aspect underpinning growth of the aircraft towbar market.

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Vehicle wash system Market An In-Depth Study of Top Companies

Fact.MR’s new report projects an optimistic growth of the vehicle wash system market while thoroughly analyzing the prominent trends prevailing in the global landscape. Do-it-for-Me culture, preference for express services and greater customization demand has led to increasing adoption of professional vehicle wash system over traditional washing practices. These trends are according to a new Fact.MR study which envisages a stellar growth of the vehicle wash system market with over 8% CAGR during the period of 2018 – 2026.

Report Overview: https://www.factmr.com/report/1685/vehicle-wash-system-market

Driven by consumer behavior, the vehicle wash system market has been keenly studied to understand adoption levels of different vehicle wash technologies available in the global market space. Pressure washers are likely to outsell other vehicle wash systems owing to their affordability. According to the report, roll over systems are also in high demand, as end-user focus shifts to better efficiency. Roll over systems account for nearly 32% of the market share.

Advanced washing machinery and equipment complement the divergent demand from multiple applications including construction, mining, automotive, railways and aerospace among others. Demand for vehicle wash systems in the automotive industry is expected to dominate with the highest sales valuation through 2026 owing to increased demand for repair and maintenance against the backdrop of incremental vehicle sales. In particular, the passenger cars segment is identified to lead the demand for vehicle wash systems during the forecast.

Fact.MR research shows that independent segment is estimated to capture over 46% of the total market share by the end of 2018 as investors are inclined towards medium and large sized independent providers. While this segment is estimated to continue its dominance through 2026, the authorized car dealer segment is expected to grow rapidly with the increasing production of automobiles and on-road vehicle fleet.

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North America and Europe remain the most lucrative markets for vehicle wash systems globally. These two regions collectively account for 50% revenue share of the vehicle wash system market. According to the report, North America market is marked by vehicle wash ownership by small and medium-sized companies whereas the European market represents ownership by medium and large-sized petroleum companies.

Fact.MR research shows that China, South East Asia & Pacific and Japan regions will share a considerable market share owing to the flourishing automotive industry and increasing demand for vehicle wash system in multiple industries starting from mining to aerospace.

While weather conditions remain the prime challenging factor influencing the overall profitability of the vehicle wash system market, the vehicle wash industry continues to introduce novel approaches like unlimited wash programs to maintain market sustainability regardless of the outdoor climate. The study shows that technological developments in the vehicle wash systems are primarily focused on saving a considerable amount of water and delivering faster washes. Manufacturers are actively engaged in introducing sustainable, efficient and affordable vehicle wash solutions to attract a divergent consumer base.

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Temporary Power Market Report Made Available by Top Research Firm

Fact.MR’s new report on the temporary power market reveals compelling insights that are driving the transformation in the global landscape. Growing reliance on renewable energy resources and associated risk of intermittency remain the key factors influencing the temporary power market landscape. The marketplace is also likely to be impacted by government regulations and mandates, with the recent NEC 700.3(F) expected to increase installation of temporary power sources in the US. These insights are according to a new study by Fact.MR which remains bullish on the long-term prospects of the temporary power market. The report projects over 6% CAGR for the market through 2026.

Report Overview: https://www.factmr.com/report/1672/temporary-power-market

A combination of rising global energy demand and escalating fuel prices is prominently analyzed in the study which, in turn, is responsible for the shift of energy preference towards renewable energy resources. According to the report, the renewable energy plants are actively installing temporary power sources such as diesel and gas generators to offset the risk of intermittency caused by weather-related uncertainty and ensure long-term energy security. These developments are likely to spur sales of temporary power sources, with an expected US$ 7,000 million opportunity likely to emerge by 2026.

According to the report, diesel generators will continue to be the preferred backup power solution for end-users. This segment is likely to hold over three-fourth revenue share of the market throughout the assessment period. Demand for different types of power sources is primarily driven by the growing need for a diverse energy mix. While gas generators are the second most lucrative temporary power source segment, solar generators are witnessing impressing sales. The buoyancy in the solar generators segment can be attributed to a combination of multipronged factors, including government subsidies and growing awareness among end-users.

The reliance of temporary power sources manufacturers on demand from utilities sector remains unabated, according to the study. Global demand for energy has witnessed consistent increase in the last decade, with temporary energy sources gaining centerstage as an integral part of uninterrupted power supply. The lucrativeness of utilities sector in the temporary power sources market can be gauged from the fact that this segment is likely to witness 1.8x revenue growth during the course of the forecast period.

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North America is expected to dominate the global market with revenues likely to surpass US$ 2,000 million by the end of forecast period. The Middle East and Africa (MEA) is expected to emerge as a lucrative market for temporary power source equipment manufacturers, owing to insufficient permanent power grids in the region. According to the report, temporary power sales in developed countries will be influenced by aging transmission and distribution infrastructure, whereas in developing regions, lack of round-the-clock power supply is likely to drive demand.

The comprehensive research study thoroughly analyzes the business and product strategies of key players in the market. Considering the nature of the product, ‘renting over buying’ remains a prevailing trend across industries. The report also identifies notable developments in the temporary power market. For instance, by responding to the challenges of end-use industries, particularly renewables sector, temporary power manufacturing companies are developing high-voltage power options that prevent repeated fueling in remote locations and reduce the number of generators installed. Development of portable power distribution systems, particularly solar power generators, is another product innovation trend identified in the study.

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Occupant Classification System Market In-Depth Research & SWOT Analysis by Major Companies to 2028

Unit sales of occupant classification system are estimated to surpass 205 billion units in 2018, a 5.8% Y-o-Y growth in 2018 over 2017.

Report Overview: https://www.factmr.com/report/2365/occupant-classification-system-market

“Automotive safety sensing systems for occupant detection and classification have been in the automotive industry for past few decades. Modern discriminating consumers continue to demand robust sensing solutions in automobiles. The success of auto OEMs to mass produce occupant sensing systems and declining costs of sensing technologies are likely to translate into industry profitability,” says a senior analyst at Fact.MR.

Fact.MR study finds that pressure sensors in the occupant classification system market place will hold a significant market share. In 2018, pressure sensors are expected to surpass 180 Bn unit sales, a rise of 10 Bn unites over 2017. Owing to the greater number of pressure sensors utilized in the occupant classification system, numerically, 1 in 10 sensors used in OCS were seat belt tension sensors.

As installation of passenger presence detection system can be found in a larger number of four-wheel drives, increasing sales of passenger cars have spurred the revenues of occupant classification system significantly. The study estimates that passenger car segment will occupy over two-third of the occupant classification system demand in 2018.

Fact.MR shows that an evident rise in the ownership of compact and mid-sized passenger vehicles has led to a significant rise in installations of OSC. Collectively compact and mid-sized passenger cars will demand 8 out of all 10 occupant classification systems in 2018. Implementation of OCS in electric vehicles witnessed a significant 7% Y-o-Y growth in 2018 over 2017, according to Fact.MR valuation.

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The hegemony of OEMs in the occupant classification system market continues as the nature of product demands greater reliability and accuracy. As OCS marketplace has witnessed a number of recalls related to erroneous occupant sensing technology, sales of originally manufactured sensors are likely to increase. Fact.MR study opines that OEMs will continue to sell over 9 out of 10 occupant classification systems in 2018, leaving the rest to the aftermarket.

According to OICA, China accounts for over 40% of the global vehicle production, thereby presenting a lucrative marketplace for auto parts manufacturers including OEMs and aftermarket players. Fact.MR study valuation shows that China has helmed the OCS market and in 2018, sales of occupant classification system will surpass 75 Bn units and account for over one-third of global sales. Fact.MR projects that next to China, Western Europe presents a significant demand for the occupant classification system.

Fact.MR shows that occupant classification system market remains consolidated among Tier 1 players who hold over one-third of the global share. However, owing to rapid technology adoption and declining cost of sensor technology in emerging economies, the revenue share of Tier 2 and Tier 3 players is set to rise – challenging the market revenues of Tier 1.

The Fact.MR report tracks the occupant classification system market for the period 2018-2028. According to the report, the occupant classification system market is projected to grow at over 7% CAGR through 2028.

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Industrial Paint Booth Market Rapid Growth with Huge Application Scope by 2027

Fact MR’s latest report on industrial paint booth market offers an exclusive coverage of all aspects emerging as predominant pacesetters of the global market growth. Rising clamor across industrial ecosystems to incorporate a controlled environment for paint applications has been cited as a key growth catalyst of the industrial paint booth market. These insights are compiled in a latest Fact.MR research that offers fact-based insights on the growth trajectory of industrial paint booth market. According to the report, the volume sales of industrial paint booth is likely to approach 126,968 units by 2018-end, with a positive upsurge from 122,525 units in 2017.

Report Overview: https://www.factmr.com/report/818/industrial-paint-booths-market

Need to safeguard workers and ensure environmentally-safe paint applications with minimum or no adversity is gaining momentum across industrial ecosystems, which has been studied as a key influencing factor. The report also associates the growing installation of industrial paint booth with its ability to ensure an exceptional work environment facilitating highest quality standards.

Minimum maintenance entailed with easy installation makes crossdraft paint booths makes it a top-selling variant, with estimated volume sales worth 37,909 units by 2018-end. Though downdraft paint booth is widely recognized as the ‘state-of-the-art’ in high quality finishing jobs, crossdraft paint booths is steadily overshadowing the former in terms of volume sales, owing to the cost-effectiveness and convenience offered.

The report also cites that installation rate of industrial paint booth in the automotive industry is an all-time high. This can be gauged by the fact that the automotive remains the largest and most promising end user industry with regard to volume sales, both in 2017 as well as 2018. Industrial remains the second-largest end user application segment, with large-scale use of paint booth for paint spraying and coating applications.

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The key differential strategies of stakeholders of the industrial paint booth market have been studied in detail in the research study, strengthening their footprint amid the competitive market space. Manufacturers of industrial paint booth are offering custom based booths tailored to the unique product requirements of the end users, finds the report. Moreover, key companies operating in the market space have been observed to enter into strategic partnerships with OEMs with an objective of expansion at a global scale. Moreover, manufacturers are also leveraging the potential of technologies, such as AutoCAD, to scale up the product efficiency and performance.

Incorporation of new features has been identified to be the key to product enhancement, which is further responsible for scaling up its value amid the end user marketplace. Companies operating in the market place are reinvigorating their potential by offering products in a wide range of sizes and in-built accessories. Light kits, crane slots, doors or strip curtain, and interlock are few of the widely sought-after accessories being extensively considered by the manufacturers.

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Insulation Blow-in Machine Market is Booming Worldwide with Top Key Players

According to a recent Fact.MR study, worldwide sales of insulation blow-in machine closed in on nearly 30,000 units, and are estimated to register a Y-o-Y growth of 5.8% in 2019. The insulation blow-in machine industry growth has been underpinned by a wide range of trends, especially the growing demand for energy efficient insulation along with increasing adoption of HVAC systems in both residential and commercial sectors. In addition, demand for thermal and acoustic insulation in industrial buildings to improve cooling and heating systems continues to drive the growth of insulation blow-in machine market.

Report Overview: https://www.factmr.com/report/560/insulation-blowin-machine-market

The study finds that rising popularity and adoption of insulation blow-in machine are remarkably influenced by its use of recycled waste materials such as fiberglass, cellulose, and rock wool that are environment positive, cheap, effective, easy to install, and have relatively high R-value. Further, opportunities are imminent in insulation blow-in machine market, as manufacturers continue to shift their focus towards portable products, amid rising home improvements and DIY activities for filling in attic spaces, wall cavities, and joist cavities. Addition of chemicals in loose-fill insulation materials to provide fire resistance properties for specific industrial application such as in cookhouse will continue to provide potential growth prospects of the insulation blow-in machine market.

According to the study, North America is likely to retain its leading position in insulation blow-in machine market, representing sales of over 10,000 units in 2018. As old infrastructure gets worn out and prices of new construction rises, homeowners in the region are focusing on home improvement and renovation activities including blown-in insulation, thereby impacting the market growth. East Asia, on the other hand, has witnessed an exponential rise in the construction industry on the back of improving economic conditions, government initiatives in infrastructural development, and high disposable income. This, coupled with increasing installation of HVAC systems in urban areas will complement the expansion of insulation blow-in machine market in East Asia.

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Cellulose has been growing in popularity as the most preferred material for blown-in insulation, as it provides green, efficient, non-toxic, and affordable thermal or acoustic insulation. Building and Construction Technology (BCT) of UMass Amherst declared cellulose insulation as a smart alternative to fiberglass, while the Cellulose Insulation Manufacturers Association (CIMA) claimed that insulating a house of 1500 square feet with cellulose will recycle as much as newspaper as an individual will utilize in 40 years. In 2018, cellulose sales for insulation blow-in machine exceeded 18,000 units, accounting of nearly 60% volume share of insulation blow-in machine market. Although the demand for fiberglass blown-in insulation is also anticipated to witness significant growth, several health hazards along with stringent regulations set by OSHA and NAIMA regarding the use of fiberglass may negatively impact its sales growth.

The study opines that electric operation of insulation blow-in machine continues to gain increasing momentum, owing to its higher operational efficiency, durability, and no-emission, as compared to gas and diesel operations. Growing consumer inclination towards green insulation to lower environmental impact and improve energy conservation along with technological advancements will augment the segmental growth of insulation blow-in machine market.

According to the study, demand for insulation blow-in machine will remain robust in residential sector, accounting for approximately 70% share in 2018. Ever-rising number of residents and buildings are likely to increase the need for insulation of both new and existing wall cavities and attics. In addition, numerous advantages of blown-in insulation in effectively decreasing the amount of sound transmission between walls and providing thermal insulation to improve energy savings will continue to push the demand of insulation blow-in machines.

The Fact.MR study also offers a long-term forecast of the insulation blow-in machine market for the period between 2018 and 2028. The insulation blow-in market is projected to exhibit a volume CAGR of 6.2% through 2028.

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Concrete Mixer Market Growth, Analysis and Forecast Upto 2027

According to a new study of Fact.MR, revenues from the concrete mixer market were in excess of 126,800 units in 2018, and are estimated to record a 4% Y-o-Y growth in 2019. Myriad factors influence dynamics of the concrete mixer industry, which range from the customer requirement for equipment with high technical standards and convenient portability, to tightened environmental standards apropos of emissions and recycling of materials.

Report Overview: https://www.factmr.com/report/3579/concrete-mixer-market

The study opines that in-transit mixers remain the preferred category among end-users, in light of their ability to both mix and transport concrete around a construction site, particularly in case of remote locations and sites that are far from concrete plants. The deprivation of clotting, and prevention of concrete balling effect, are key benefits associated with in-transit concrete mixers that continue to sustain their sales. On the contrary, sales of trailer concrete mixers are expected to remain low, tugged by their higher operating and maintenance costs, along with relatively less efficient maneuverability.

According to the study, a key trend complementing sales of in-transit mixers is growing demand for mobile volumetric concrete mixers that prevent concrete waste entailed by over-ordering. The volumetric concrete mixers also enable efficient and convenient trips to batch plants, saving on hot loads and various other expenses, and cutting down time of operation. While precision continues to be the key, user-friendly control options of these equipment will continue to attract customer attention and drive sales.

The report finds that the number of projects that call for greater concrete volume, which is difficult to produce using paddle mixers, has witnessed a notable rise, which has created the demand for portable concrete mixers as a consequence. Portable variants continue to account for over 7 in 10 units of concrete mixers sold worldwide, upheld by their ability to efficiently blend water and concrete, and consistently deliver the mixture as per requirement.

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Construction equipment manufacturers have been directing their efforts toward research activities in the concrete industry, in a bid to develop products that offer capabilities that are a combination of drum mixers and paddle mixers. This coupled with the focus on the development of concrete mixers with lightweight, time-effective, and self-contained, characteristics have resulted in the development of high-performance portable concrete mixers, thereby favoring the market growth.

The study opines that the lucrativeness of APEJ for stakeholders in the concrete mixer market is here to stay, as governments in the region continue to play a vital role as a facilitator via favorable regulations and policies. Resurgent growth in construction activities, along with growing government investments in the infrastructure development, continue to complement growth of the concrete mixer market in APEJ.

The concrete mixer industry is currently witnessing the introduction of new-generation truck mixers, underpinned by the buzz phrase “more innovation, more benefits” among leading stakeholders. While the emphasis is being placed on cost-effectiveness, ergonomics, and safety, greater customer benefits are realized in superior handling, low cleaning cost, and higher payload. These innovative products allow safe and flexible installation of attachment parts and accessories, with the requirements met in effective & convenient positioning chutes, holders, and toolboxes.

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Milking Machine Market Classification, Opportunities, Types and Applications, Status and Forecast to 2027

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.

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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.

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.

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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.

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