by Poultry keeping machinery such as egg collectors, conveyors, egg graders, feeders and waterers aid in efficient management of poultry farms. They relieve the drudgery involved in manual handling of poultry.
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 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Automation of poultry farming is driving the adoption of poultry keeping machinery. There is growing focus on automation of routine tasks in poultry farming such as feeding, egg collection and sorting through deployment of machines. This helps reduce labor costs and ensures consistency in management. Automated systems such as electric egg collection belts and grading machines are being increasingly used on farms to efficiently transport eggs from hen houses to collection and sorting areas. Automation also helps standardize processes and improves quality assurance. This trend is expected to propel the demand for poultry keeping machinery over the forecast period.
SWOT Analysis
Strengths: Poultry keeping machinery require low initial investment and helps improve productivity and quality of poultry output. It also helps reduce manual labor requirements.
Weaknesses: Significant maintenance and repair cost of machinery. Lack of technical expertise in handling advanced machinery in some regions.
Opportunities: Growing demand for poultry products globally presents an opportunity for increased sales of poultry keeping machinery. Technological advancements enable automation and precise environmental control.
Threats: Volatility in raw material prices impact machinery parts and components costs. Stringent regulations regarding animal welfare practices during production poses compliance challenges.
Key Takeaways
The Global Poultry Keeping Machinery Market Share is expected to witness high growth over the forecast period. The market is driven by rising meat consumption and demand for hygienic and automated poultry production processes. 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 to 2030.
Regional analysis
Asia Pacific dominates the global poultry keeping machinery market and the region is expected to witness the fastest growth during the forecast period. Countries like China, India, Thailand, Vietnam have the largest poultry meat production bases which drives the demand for poultry farm equipment in the region. Growing populations and increasing disposable incomes in Asia Pacific economies continue to support the demand for poultry products.
Key players
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. These companies have a strong global presence and offer a wide range of poultry keeping equipment to cater to various livestock production needs. Major players focus on product innovation and geographical expansion strategies to strengthen their market share.
Note:
Source: Coherent Market Insights, Public sources, Desk research
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