In terms of market value, Asia Pacific is predicted to lead the global poultry keeping machinery industry, accounting for roughly 39.5% of the global market.
The global poultry keeping machinery market is set to be valued at around US$ 5.09 Billion in 2022, registering Y-o-Y growth of 3.2%. The market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Billion by 2028.
The study primarily attributes the market for poultry keeping equipment’s bright future to increased poultry meat consumption. The poultry keeping machinery market has tremendous growth potential in regions including South America, Asia Pacific outside of Japan, and North America, according to the study.
The market is likely to see significant product innovation over the next ten years as a result of enhanced technology that adhere to rules and standards for animal welfare. Automation of agriculture and farm equipment as well as the need from new poultry farms for cutting-edge, affordable poultry keeping equipment have both greatly increased.
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Key Takeaways:
Poultry keeping equipment refers to a range of tools and devices that are used in the care and management of domestic fowl. This equipment includes feeders, waterers, nest boxes, incubators, brooders, and ventilation systems. Proper use of this equipment is essential for ensuring the health and well-being of poultry, as well as optimizing egg production and meat yield.
Growing demand for progressive products is imposing pressure on the manufacturers to deliver technologically-advanced and unique product offerings, finds FMI. Thus, technological advancements have led to noteworthy investment in research & development by equipment manufacturers. Manufacturers in the poultry keeping machinery market focus on developing unique patented technologies, which act as product differentiators and help them earn a competitive edge.
From an investment viewpoint, birds such as turkey, ducks and broilers have high economic value as they adapt easily to any environment. They can be used for meat within eight weeks, and thereby, with expected increase in consumption, significant upsurge in investment in the poultry sector is expected, particularly in developing countries, countries in the Middle East Africa such as Iran and Tunisia.
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APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers
With ongoing technological advancements and progression in agricultural and farm equipment over the years, automation is anticipated to emerge as the future of the poultry keeping machinery market in growing economies in the APEJ Region. Poultry keeping machinery manufacturers are focusing more on improving their market structures and offerings in the region.
A poultry keeping system refers to the overall management approach used to care for domestic fowl. This includes factors such as housing, feeding, watering, disease prevention, and waste management. There are different types of poultry keeping systems, including free-range, cage-free, and conventional. Each system has its advantages and disadvantages, and the choice of system depends on the specific needs and goals of the poultry operation.
For the global poultry keeping machinery market, the APEJ region is projected to be a prominent region throughout the forecast period owing to the increasing consumption and production of poultry keeping machinery in China and India, along with North America, Latin America, Western Europe, and Eastern Europe. The growing focus on animal welfare worldwide has inclined consumer focus on the methods adopted in the production of the food produced from the farm.
Broiler Harvesting and Slaughtering Equipment to Remain Prominent Poultry Keeping Machinery
The division of the global poultry keeping machinery market has been done on the basis of product type, along with seven regions.
Poultry Keeping Machinery Market: Vendor Insights
The global poultry keeping machinery report emphasizes on some of the principal industry players in the global poultry keeping machinery market. Some of the examples of the key players in the market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH, among others.
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Key Segments of Poultry Keeping Machinery Industry Survey
Poultry Keeping Machinery Market by Product
Poultry Keeping Machinery Market by Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 04, 2023