About Milk Tank
Milk is a nutrient-rich, white liquid food which contains valuable nutrients, and it can offer a range of health benefits. In order to keep milk fresh dairy farms rely on highly efficient cooling of the milk. To keep the milk at a consistent temperature of about the appropriate temperature milk tank is required. A milk tank is a large storage tank for cooling and holding milk at a cold temperature until it can be picked up by a milk hauler. It is made of stainless steel and widely used to store the raw milk on the farm in good condition.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Milk Tank market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DeLaval (Sweden), Paul Mueller (United States), Packo Cooling (Belgium), Serap Industries (France), GEA Group (Germany), Wedholms AB (Sweden), Boumatic (United States), Dairymaster (Ireland), Fic (Italy), Milkplan (Greece), Kilkenny Cooling Systems (Ireland) and Fabdec (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Roka.
Segmentation Overview
AMA Research has segmented the market of Global Milk Tank market by Type (Horizontal Closed Tank, Silo/ Vertical Closed Tank and Open Tank), Application (Milk Farm and Milk Processing Plant) and Region.
On the basis of geography, the market of Milk Tank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Milk Tank market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Demand for Processed Dairy Products and Growing Focus on Safety of Dairy Products and the Safety of Workers
Restraints:
High Cost Associated With Milk Tank
Opportunities:
Potential Growth in Emerging Country
Market Leaders and their expansionary development strategies
SERAP Group has acquired Robert BAS, a food processing equipment maker with a thirty-year history. The company is based in Ain, eastern France, and employs 35 people. SERAP has chosen to bring Robert BAS into its group as part of its strategy to grow and develop its process equipment business serving the food, pharmaceutical and cosmetics industries. In addition, the group will be able to capitalise on the new skills, experience and client portfolio that Robert BAS brings with it to further diversify its business.
In May 2020, Research Designs & Standards Organisation, the research arm of Indian Railways, launched new milk transporting tanker that could hold 44,660 liters which is much superior to the existing tankers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Milk Tank Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.