by Poultry keeping machinery includes equipment used for housing, feeding, watering as well as egg collection and hatching of poultry. Automatic poultry equipment eliminate manual labor requirements and improve productivity as well as product quality. Increasing awareness about animal welfare and technological advancements in poultry equipment are driving the demand for poultry keeping machinery.
The global Poultry Keeping Machinery market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for eggs and meat has been consistently rising globally over the past few decades, driven by population and income growth. Automatic poultry equipment enhances feed conversion efficiency and increases yield per bird through improved flock management. For instance, automatic feeders allow controlled feeding and prevent feed wastage. This rising demand for poultry products is propelling the poultry keeping machinery market. Advanced equipment improves farm productivity and product quality, meeting the growing demand for eggs and meat in a sustainable and cost-effective manner.
SWOT Analysis
Strength: The poultry keeping machinery market benefits from strong demand for poultry meat and eggs globally. Machines aid in efficient production and yields.
Weakness: High initial investment requirements for setup of automated poultry farms pose challenges for small players. Machinery breakdowns can disrupt operations.
Opportunity: Growing consumption of poultry products in developing nations offers new market avenues. Adoption of IoT and sensor-based machines allow for remote monitoring and yield optimization.
Threats: Strict animal welfare laws in some countries increase compliance costs. Trade wars and policies impact export-import of poultry products and machinery.
Key Takeaways
Global Poultry Keeping Machinery Market Size is expected to witness high growth. The global Poultry Keeping Machinery market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2030.
Rapid urbanization and rising affluence in Asia Pacific and Latin America are driving demands for poultry products in the region. Countries like China, Brazil, and India dominate poultry production globally, backed by favorable agro-climatic conditions and government support. Machinery producers are focusing on these high growth potential markets through joint ventures and acquisitions.
Key players operating in the poultry keeping machinery market are BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Motor, Volkswagen Group, and others. Leading firms are investing in R&D to develop advanced automation and data analytics solutions. For instance, introduction of robots, vision technology, and sensor networks aid in tasks like eggs collection, sorting, and automated feeding and watering. This boosts productivity and welfare standards on farms.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
