Poultry keeping machinery includes equipment that aid in day to day activities involved in rearing poultry. Equipment such as feeders, waterers, egg collection systems, cage systems are necessary to efficiently manage poultry farms and ensure health and nourishment of birds. These machineries help save labor, are more hygienic and improve production.

The global poultry keeping machinery market is estimated to be valued at US$ 4 Billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Opportunity to improve efficiency: Poultry keeping machinery such as automated feeding and watering systems can significantly help improve efficiency of poultry farms by minimizing human intervention. These systems provide accurate and adequate feed and water to birds according to their stage of growth in fixed timings. This ensures maximum feed intake and prevents wastage. Automated systems such as egg collection belts and grading equipment can handle huge volumes of eggs helping collect, sort and package eggs faster with minimum breakage. Overall utilization of such machinery helps improve productivity and profitability of poultry farms by increasing yield and reducing operational costs.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as poultry keeping machinery require large investments and capital. The market already has some major established players.

Bargaining power of buyers: The bargaining power of buyers is high as the products are differentiated and buyers can switch between brands easily.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials required for poultry machinery are available from different sources.

Threat of new substitutes: The threat of new substitutes is low as there are no close substitutes for poultry keeping machinery.

Competitive rivalry: The competitive rivalry is high among existing competitors in the market.

SWOT Analysis

Strength: Poultry keeping machinery helps in large scale and efficient poultry farming. They reduce labor costs and improve productivity.

Weakness: Initial investments required for machinery is high. Small farmers may not afford advanced machinery. Lack of financing support can also hinder adoption.

Opportunity: Growing demand for chicken and eggs globally presents an opportunity for increased sales of poultry keeping machinery. Automation of poultry farming can further drive the market.

Threats: High maintenance costs of machinery is a challenge. Risks of diseases can impact poultry production.

Key Takeaways

The 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$ 4 Billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030.

Regional analysis: Asia Pacific region dominates the global poultry keeping machinery market currently and the trend is expected to continue in the forecast period. Countries like China, India and Brazil are the major producers of chicken and eggs, which is driving the demand for poultry machinery in these regions. China is the largest market for poultry keeping machinery globally due to large scale commercial poultry farming. The market is witnessing fastest growth in the emerging economies of Asia Pacific and South America.

Key players: Key players operating in the poultry keeping machinery market are Jansen Poultry Equipment, Vencomatic Group, HAMEX-GROUP, VAL co., Petersime, and Big Dutchman. Jansen Poultry Equipment is one of the leading suppliers of poultry housing and cage systems. Vencomatic Group offers an extensive range of hatchery, breeding and rearing equipment. Big Dutchman designs and manufactures cage systems, feeding and watering equipment for poultry farms.

For More Insights, Read: https://www.trendingwebwire.com/poultry-keeping-machinery-market-trends-growth-and-regional-outlook-2023-2030/