The newest market research study by Future Market Insights on poultry keeping machinery finds that the market was valued nearly at US$ 4.5 Bn in 2018, and is projected to grow by ~3% CAGR during the forecast period of 2019-2029. The study mainly attributes the rise in consumption of poultry meat for the positive growth prospects of the poultry keeping machinery market. The poultry keeping machinery market has a high potential to grow in regions such as Latin America, Asia Pacific excluding Japan and North America, according to the study.
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- The market value of global poultry keeping machinery was valued at ~US$ 4.5 Bn in 2018.
- During the forecast period of 2019-2029, the market for poultry keeping machinery is anticipated to grow at a CAGR of ~3%.
- The broiler harvesting and slaughtering segment of poultry keeping machinery is expected to remain as the most preferred product in the poultry keeping machinery
- The growth of this particular segment can be primarily attributed to its quickest and simplest functioning leading to minimized discomfort during the slaughtering process.
- The APEJ region is anticipated to hold more than one-third of the revenue share in the poultry keeping machinery market by the end of 2029.
- The APEJ region is anticipated to continue to be an opportunistic market for broiler harvesting and slaughtering machinery manufacturers and distributors, owing to increasing production and demand for poultry products and chicken.
- Other segment, which includes vaccination, flooring, scales, nest, cages, etc., is also anticipated to grow in the market for poultry keeping machinery.
This has led to the main advantage, i.e., amplified cleanliness and hygiene resulting in much lesser incidences of diseases, which spread through droppings. Due to the small size group, this also results in low incidences of social friction, which simultaneously lead to ease of management. Reduced litter problems and better working conditions with much lower cost of production are some of the leading drivers for the usage of battery cages.
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Market Structure Analysis:
- The poultry keeping machinery market is a moderately competitive market globally.
- Strategies followed by key players in the poultry keeping machinery market are expansion of business through acquisitions and mergers, recognitions, product launches, collaborations, and alliances. Key market players focus on strategies such as product expansion and innovation through new dealership networks and collaborations.
- Noteworthy investments in research and development for novel and sturdy products are anticipated to boost the growth prospects of the poultry keeping machinery market.
- Major key players in the poultry keeping machinery market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, HAMex-GmbH.
By segment:
Product Type
- Feeding
- Drinking
- Climate Control
- Incubator Equipment
- Hatchery Equipment
- Egg Collection, Handling, and Management Equipment
- Broiler Harvesting and Slaughtering
- Residue and Waste Management
- Others (Vaccination, Flooring, Scales, Nest, Cages)
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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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.