The Growing Adoption Of Automation Is Anticipated To Openup The New Avenue For Poultry Keeping Machinery Market.
The Poultry Keeping Machinery Market is estimated to be valued at US$ 5,563.33 Mn or in 2023 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 includes equipment used for housing, feeding, watering and egg collection of poultry. Automatic poultry equipment such as cage systems, egg collection systems, feeding systems and watering systems are commonly used for large scale poultry farming. Cage systems provide fully automated housing solution along with waste collection while egg collection systems aid in automatic collection and sorting of eggs. Feeding and watering systems automatically dispense measured feed and water leading to better feed management.
Market Dynamics:
The growing demand for poultry products such as meat and eggs globally is a major driver for the poultry keeping machinery market. According to Food and Agriculture Organization (FAO) the total poultry meat production has increased from 86.9 million tons in 2013 to 133.2 million tons in 2019. The increasing demand encourages farmers to adopt large scale automated poultry farming requiring use of specialized equipment. Furthermore, rising labor costs prompt poultry farmers to invest in automated machinery for efficiently carrying out time taking and repetitive tasks involved in poultry rearing. Labor shortage in rural parts of developing economies also boosts adoption of automated poultry equipment. However, high initial investment associated with automated equipment can restrain the market growth.
Segment Analysis
The global poultry keeping machinery market can be segmented based on product type, poultry type and region.Based on product type, the egg laying segment dominates the market. This segment deals with machinery involved in egg production rather than meat production. These machines have higher demand owing to steady demand for eggs globally throughout the year.
PEST Analysis
Political: The government policies and regulations related to sustainability and animal welfare impact this market. Increasing regulations around environment protection and humane treatment of animals can boost demand for machinery aligned with such standards.
Economic: The global economic growth influences meat consumption patterns and demand from poultry producers. Astable economic conditions accompanied with rising disposable incomes fuel the adoption of advanced poultry equipment for higher efficiency and yields.
Social: Changing lifestyle and food habits propel demand for poultry meat and eggs. With growing health concerns, preference for protein-rich meat and eggs drives demand.
Technological: Technology plays a key role with machinery embedded with technologies like IoT, robotics and automation for optimized operations. The injection of new technologies enables higher productivity, food safety and animal welfare.
Key Takeaways
The Global Poultry Keeping Machinery Market Growth is expected to witness high, exhibiting CAGR of 3.4% over the forecast period, due to increasing penetration of advanced technology in poultry farming operations.
Regionally, Asia Pacific dominates the market owing to large broiler production nations including China and India.China accounts for over 50% share of global broiler meat production.
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 launching innovative and automated products to strengthen their position