In this report, the Global Milk Tank market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Milk Tank market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Dairy farms rely on highly efficient cooling of the milk to keep the milk at a consistent temperature of about the appropriate temperature required in the milk tanks until the milk is collected for further processing.
In dairy farming a bulk milk cooling 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. The bulk milk cooling tank is an important piece of dairy farm equipment. It is usually made of stainless steel and used every day to store the raw milk on the farm in good condition. It must be cleaned after each milk collection.
In terms of volume, the Horizontal Closed Tank segment accounts bigger market share than Silo/ Vertical Closed Tank and Open Tank segment, in 2012 Horizontal Closed Tank segment accounted for about 69.82% and about 64.92% in 2017. In terms of Value, in 2012 Silo/ Vertical Closed Tank accounted for about 17.34% share and in 2017 Silo/ Vertical Closed Tank will account for about 32.61% share, which indicate the Silo/ Vertical Closed Tank is becoming more popular.
Market Analysis and Insights: Global Milk Tank Market
In 2019, the global Milk Tank market size was US$ 542.8 million and it is expected to reach US$ 498.3 million by the end of 2026, with a CAGR of -1.2% during 2021-2026.
Global Milk Tank Scope and Market Size
Milk Tank market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Milk Tank market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Milk Tank market is segmented into
Horizontal Closed Tank
Silo/ Vertical Closed Tank
Segment by Application, the Milk Tank market is segmented into
Milk Processing Plant
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Milk Tank Market Share Analysis
Milk Tank market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Milk Tank product introduction, recent developments, Milk Tank sales by region, type, application and by sales channel.
The major companies include:
Kilkenny Cooling Systems
Reasons to Buy This Research Report
- Complete access to Global Milk Tank market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Milk Tank markets including North America, Europe, MEA and Asia Pacific
- Global Milk Tank Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Milk Tank market segmentation
- Key trends, drivers and restraints for global Global Milk Tank market
- Challenges to market growth for Global Milk Tank manufacturers
- Key market opportunities of Global Milk Tank Industry
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