Poultry keeping involves rearing domesticated birds such as chickens, ducks, geese, and turkeys for meat or egg production. Poultry keeping machinery such as feeders, waterers, egg collection belts, egg handling machines, plumage removal belts, weighing machines, and vaccination machines help automate various processes in poultry farming. These machines reduce labor requirements and increase productivity by precisely controlling and monitoring the feeding, watering, egg collection, and other processes.
The global poultry keeping machinery market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increased automation in poultry farming is driving the growth of the poultry keeping machinery market. Poultry farms are automating their operations to optimize resource utilization and increase productivity. Automated equipment such as egg collection belts and watering systems help regulate the feeding, watering and egg collection processes precisely as per the bird's requirements. This ensures uniform care of birds and higher yields. Moreover, automated equipment reduce labor costs and free up labor for value-added tasks. The growing demand for poultry meat and eggs globally is also fueling the growth of intensive poultry farming practices which utilize various poultry keeping machinery to handle large volumes. However, high initial investment associated with automated equipment is a key challenge for smaller poultry farms. Ongoing technological advancements are aimed at developing affordable automated solutions for different scales of poultry farming.
SWOT Analysis
Strength: The poultry keeping machinery market has various unique equipment to manage the poultry farming efficiently. The automatic equipment such as feeding machines, cage cleaning machines and egg collection machines reduce the manual effort and labor required significantly. They prove very helpful for large poultry farms. The precision equipment increase productivity and yield while maintaining quality.
Weakness: The initial investment cost for setting up a poultry farm with machinery is very high. It requires heavy capital spending on equipment such as broiler harvesting systems, egg sorting and grading systems, feed preparation systems etc. Small poultry farmers often cannot afford these investments. Lack of technical expertise is another challenge for effective operation and maintenance of sophisticated machinery.
Opportunity: Rising meat consumption and increasing demand for protein-rich food has been driving the poultry industry worldwide. This growing market offers scope to sell more poultry keeping machinery. Governments of developing nations are promoting commercial poultry farming for farmers' livelihood which supports industry growth. Growing trend of contract farming and integration between poultry processors and farmers presents business opportunity.
Threats: Poultry diseases can severely impact poultry production. Outbreak of diseases such as bird flu poses threat to whole farms. Rising feed costs is a major concern as it increases operating costs. Trade policies and regulations influence imports/exports of poultry products and machinery.
Key Takeaways
Global Poultry Keeping Machinery Market Size is expected to witness high growth over the forecast period of 2023-2030.
The global poultry keeping machinery market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Regional analysis:
Asia Pacific region currently dominates the global market and is expected to maintain its leading position during forecast period. Countries like China, India and Brazil are expected to drive the demand owing to rapidly growing poultry meat consumption. In India specifically, the government programs to promote commercial poultry farming will support market expansion. North America and Europe are established markets with demand coming majorly from poultry product upgrades and replacement of outdated equipment.
Key players:
Key players operating in the poultry keeping machinery market are BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, and others. They are focusing on developing automation solutions for poultry farms to drive productivity and handle large farm sizes efficiently with minimised labor requirements. Strategic collaborations with poultry integrators and contract farming companies are expanding their customer reach.
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