Mobile Devices Segment is the largest segment driving the growth of Poultry Keeping Machinery Market.
 |
| Poultry Keeping Machinery Market |
The global Poultry Keeping Machinery Market is estimated to be valued at US$ 5563.33 Mn or Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Poultry keeping machinery includes equipment and devices that are used in poultry farming to maintain poultry birds. Equipment like egg collection belts, egg laying cages, feeders, drinkers, brooders, and others help in hatching, feeding, cleaning and maintaining the poultry birds efficiently. These machines help farmers to scale up their poultry operations easily.
Market key trends:
Growing demand for eggs and poultry meat is one of the key trends driving the growth of the poultry keeping machinery market. There is increasing preference for protein-rich diets globally owing to various health benefits associated with consumption of eggs and poultry meat. Automation in poultry farming is another major trend shaping the market. Automated poultry equipment help farmers improve production efficiency and minimize operational costs by reducing labor dependence. Technological advancements in machinery design to monitor health and behavior of poultry is also gaining traction in the market.
SWOT Analysis
Strength: The poultry keeping machinery market is growing with improved mechanization and automation of poultry farming activities. Automated equipment helps improve productivity and efficiency.
Weakness: Initial investment required for setting up automated poultry farms is significant which can be challenging for small players. Also, maintenance of sophisticated machinery requires technical expertise.
Opportunity: Growing demand for protein-rich poultry meat and eggs globally due to rising population and increasing consumer preference for poultry products is driving mechanization of poultry farms. Developing countries offer significant untapped growth opportunities.
Threats: High energy costs and uncertainty over raw material prices can squeeze margins for machinery manufacturers. Rising concern over animal welfare practices and outbreak of bird flu may negatively impact demand.
Key Takeaways
The Global Poultry Keeping Machinery Market Size is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing mechanization and automation of poultry farming processes to boost productivity and yield. The market size for 2023 is US$ 5563.33 Mn.
Regional analysis
Asia Pacific dominates the global poultry keeping machinery market and is expected to grow at the fastest pace during the forecast period due to a large consumer base, rising poultry consumption, and increasing investments to upgrade farm infrastructure in major poultry producing countries like China and India. Countries like Brazil and Argentina also offer lucrative opportunities for market players.
Key players
Key players operating in the poultry keeping machinery market are Jansen Poultry Equipment, Petersime NV, Vencomatic Group, Big Dutchman International GmbH, Valco Companies, Inc., TEXHA PA LLC, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMEX-GROUP. Major players are focusing on developing advanced and automated equipment to cater to the rising demand from large poultry farms globally.
Comments
Post a Comment