by The Poultry Keeping Machinery Market is estimated to be valued at US$ 5563.33 Mn 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.
Poultry keeping machinery includes equipment such as feeders, waterers, egg collection belts, and catchers that are used for feeding, watering, egg collection, and processing activities in poultry farms. These machines automate many routine tasks and enable efficient management of large poultry flocks with minimum labor requirements. Feeding and watering machines uniformly distribute feed and water for poultry thereby ensuring their proper growth and health. Egg collection belts and catchers facilitates automated collection and sorting of eggs laid by poultry in production houses.
Market Overview:
Poultry keeping machinery consists of equipment that automates routine tasks of feeding, watering, egg collection, and processing of poultry flocks. These machines reduce labor costs and increase productivity by efficiently managing large flocks. They contribute towards optimal resource utilization, increased output and improved quality of poultry products through standardized operations.
Market key trends:
One of the key trends driving growth of poultry keeping machinery market is increasing automation in poultry processing. Growing scales of production are prompting poultry farmers and meat processors to automate harvesting, deboning and packing lines. Automation helps improve line speed, product consistency and food safety while reducing labor requirements. Leading machinery providers are developing integrated automation solutions consisting of robotic arms, intelligent vision cameras and programmable logic controllers for automated poultry processing. This is expected to boost demand for advanced machinery in the industry over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the poultry keeping machinery market requires large capital investments and established suppliers. However, new players can enter the market via acquiring small players or through tie-ups.
Bargaining power of buyers: The bargaining power of buyers is moderate to high as there are many established suppliers in the market providing similar products. Buyers can negotiate on price and quality.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as they depend on buyers for sales. However, major suppliers can influence prices.
Threat of new substitutes: The threat of substitutes is low as there are limited substitutes for poultry keeping machinery.
Competitive rivalry: The competitive rivalry is high due to many global and regional players competing on pricing, product innovation and quality.
SWOT Analysis
Strengths: The poultry keeping machinery market has strong demand from poultry farms. The market is supported by trends like automated equipment and integration of IoT technologies.
Weaknesses: High initial investment and maintenance costs associated with poultry machinery can be challenges. Technical complexities and lack of skills can also affect operations.
Opportunities: Growth in consumer demand for poultry products opens opportunities. Developing regions with growing poultry industry offer scope. Adoption of robotic solutions presents new avenues.
Threats: Strict regulations regarding animal welfare and environmental impacts pose threats. Rising raw material costs can compress margins. Trade conflicts impact export-oriented players.
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 demand for poultry meat and eggs. The market size is estimated to reach US$ 8134.15 Mn by 2030. Asia Pacific dominates the market currently due to large poultry production countries like China and India. The fastest market growth is expected in the Middle East and Latin America.
Regional analysis: Asia Pacific accounts for around 45% of the global poultry keeping machinery market led by China, India, and other Southeast Asian countries. The region is expected to maintain its dominance during the forecast period, growing at a CAGR of around 4%, due to expansion of poultry farming activities to meet the demand from urbanizing population.
Key players analysis: 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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
