Poultry Keeping Machinery connected with market drivers for automation

 

Poultry Keeping Machinery Market

The global Poultry Keeping Machinery Market is estimated to be valued at US$ 4,866.90 Mn in 2022 and is expected to exhibit a 3.4% CAGR over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Poultry keeping machinery are used for rearing poultry birds for commercial meat and egg production. Poultry keeping machinery includes equipment such as cage systems, feeders, waterers, egg collection systems, heating and cooling systems and ventilation systems. Poultry cages provide shelter to the birds and make the feeding and waste collection process efficient. Automatic feeders and waterers ensure the availability of nutritional feed and water to birds on a regular basis. Egg collection systems collect eggs from the cages to avoid breakage during collection. Heating, cooling and ventilation systems maintain optimum temperature and provide fresh air. The equipment allows large scale commercial production of poultry by minimizing labor requirements.

Market key trends:

One of the key trends in the global poultry keeping machinery market is automation of poultry farms. Implementation of automated equipment such as robotic egg collectors, automated feed and water dispensing systems, automatic manure scrapers and automated ventilation and temperature control systems, allow operating farms with minimum human intervention. This is driving the growth of poultry keeping machinery market. Such automated equipment improves productivity and bird welfare while reducing labor costs.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in poultry keeping machinery market is low as it requires high initial capital investment and the market is already dominated by established players.

Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established manufacturers providing similar products in the market.

Bargaining power of suppliers: The bargaining power of suppliers is low due to presence of many suppliers for raw materials used in manufacturing poultry keeping machinery.

Threat of new substitutes: There is low threat of substitutes as poultry keeping machinery do not have close substitutes for farm management.

Competitive rivalry: The competitive rivalry in the market is high due to presence of many international brands.

Key Takeaways

The Global Poultry Keeping Machinery Market Demand is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing demand for poultry products. The poultry keeping machinery market size was valued at US$ 4,866.90 Mn in 2019 and is projected to reach US$ 6,520.44 Mn by 2028.

North America dominates the global poultry keeping machinery market due to large number of broiler farms and technological advancements in the region. The U.S. accounts for the largest share in the regional market due to rising consumption of poultry meat. Asia Pacific exhibits the fastest growth in poultry keeping machinery market led by China and India. The demand is increasing in Asia Pacific region supported by rising disposable income, growing population, and changing dietary patterns.

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. These players are focusing on new product development and expansion strategies to strengthen their market position.

https://www.marketwebjournal.com/poultry-keeping-machinery-market-analysis-forecast-trends/