The Poultry Keeping Machinery Market is estimated to be valued at US$ 4,866.90 Mn in 2022 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 involves a range of equipment used for commercial poultry farming. This includes hatchery equipment, feeding and watering equipment, climate control equipment, egg collection and egg grading equipment, manure management equipment, and other accessories. These machineries help automate poultry farming processes and improve productivity.
Market Dynamics:
Rising demand for poultry products: Rapid urbanization and rising disposable incomes in emerging economies have increased the demand for poultry meat and eggs. This is expected to drive the need for high-efficiency poultry keeping machinery to meet the growing demand.
Mechanization of poultry farms: Growing labor costs and need for optimized processes are pushing poultry farm owners towards automation and mechanization of poultry farming operations. Key players are introducing advanced machinery to cater to this demand.
Here is the content for the given data:
Market key trends:
The global poultry keeping machinery market has been witnessing increasing automation and technological advancements. Technologies such as artificial intelligence and IoT are playing a major role in automation of poultry farming operations. Manufacturers are incorporating advanced sensors and connectivity features in machinery to remotely monitor the livestock and optimize processes. For instance, equipment integrated with sensors helps farmers obtain real-time data on environmental conditions inside barns and notify in case of deviations. This enables efficient management of poultry houses.
SWOT Analysis
Strength: The market leaders have well-established distribution and after-sales support network globally.
Weakness: High initial investment requirement for machinery assets increases payback period.
Opportunity: Growing demand for poultry products driven by population growth creates opportunities for manufacturers.
Threats: Strict environment protection and animal welfare laws pose challenges for farm operations.
Key Takeaways
The Global Poultry Keeping Machinery Market Demand size was valued at US$ 4,866.90 Mn in 2019. The market is expected to grow at a CAGR of 3.4% during the forecast period due to growing demand for protein-rich meat globally. Regionally, North America dominated the market in 2019 owing to advanced operations and presence of major players in the region. The US accounted for the largest revenue share in the North America poultry keeping machinery market.
The poultry keeping machinery market in Asia Pacific is anticipated to exhibit the fastest growth through 2028 with China and India being the major revenue generators. Key factors attributed to the dominance of Asia Pacific are increasing meat consumption stimulated by changing dietary patterns and rising disposable income.
The key players operating in the poultry keeping machinery market include Jansen Poultry Equipment, Petersime NV, Vencomatic Group, Big Dutchman International GmbH, Valco Companies, Inc., TEXHA PA LLC, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMEX-GROUP. The players compete based on product range and innovation in automation technologies.
Read More:
https://insightskies12.blogspot.com/2023/10/poultry-keeping-machinery-connected.html