by Poultry keeping machinery includes equipment used for breeding, feeding, housing, and managing poultry animals such as chickens, ducks, turkeys, and geese. Equipment such as feeders, waterers, cages, nesting boxes, egg handling and sorting machines, brooders, heaters, hatchers, and incubators are used in poultry farms to manage various life cycle processes of poultry in a hygienic and efficient manner. These machinery help optimize productivity by automating feeding, watering, waste removal, ventilation, temperature and humidity control. The global poultry keeping machinery market is growing due to rising demand for poultry meat and eggs across the world as well as increasing adoption of automated equipment to handle large flocks and improve operational efficiency. 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 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the Global Poultry Keeping Machinery Market Size is the growing popularity of precision farming technologies. Precision farming utilizes technologies such as IoT, robotics, automation, telematics, and mobile apps to monitor livestock health, manage feeding and provide precise environmental controls. This helps optimize production processes, reduce costs and improve quality through real-time data collection and analysis. For instance, smart feeding systems use automation techniques like precision feeding to provide the right amount of tailored feed to individual birds as per their life stage and growth needs. Similarly, robotic equipment is being adopted for tasks like automated egg collection, nest cleaning, manure removal etc. Such precision farming solutions are gaining adoption among poultry producers globally to achieve higher profitability through operational efficiency.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the poultry keeping machinery market is low due to the high capital requirements for setting up manufacturing facilities and establishing distribution channels.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players in the market providing customized solutions to buyers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate given the availability of substitute components and bargaining power of buyers.
Threat of new substitutes: Threat of substitutes is low as there are few alternatives available for poultry keeping machinery.
Competitive rivalry: The competitive rivalry is high among the key players operating in the poultry keeping machinery market to gain higher market share.
Key Takeaways
The global poultry keeping machinery market is expected to witness high growth. The market in the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to the increasing consumption of poultry products in the region. Countries such as China and India are the major markets for poultry keeping machinery in the region.
Regional analysis: North America and Europe are also expected to maintain their dominance in the global poultry keeping machinery market during the forecast period. This can be attributed to advanced poultry farming practices and increased adoption of new technologies.
Key players: Key players operating in the poultry keeping machinery market are H.B. Fuller, Henkel AG & Co. KgaA, The Dow Chemical Company, 3M, Flint Group, Arkema Group, Ashland Inc., COIM Group, Morchem, DIC Corporation, and Chemline India Ltd. H.B. Fuller provides cost-effective adhesives for poultry equipment bonding and maintenance through its wide product portfolio. Henkel offers durable bonding solutions suitable for various poultry machinery applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
