Wilmington, Delaware, United States, July 04, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global poultry farming equipment market was valued at US$ 4.0 Bn in 2022. It is estimated to grow at a CAGR of 4.4% from 2023 to 2031 and reach US$ 5.9 Bn by the end of 2031.
Increase in consumption of poultry meat and the modernization of poultry farming are fueling the poultry farming equipment market. Furthermore, the increased focus on raising poultry birds in a natural environment is creating lucrative poultry market opportunities.
Poultry farming equipment refers to tools used for various purposes in poultry farming, such as hatching, housing brooding, feeding, and cleaning. Poultry farming equipment is primarily of three types: manual, semi-automatic, and automatic.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 4.0 Bn | |
| Estimated Value | US$ 5.9 Bn | |
| Growth Rate - CAGR | 4.4% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 190 Pages | |
| Market Segmentation | Type, Mode of Operation, Poultry Type, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific Middle East & Africa, South America | |
| Companies Covered | OFFICINE FACCO & C. Spa, Big Dutchman International GmbH, Vencomatic Group, Tecno Poultry Equipment, Valco Companies, Inc., Petersime NV, Jamesway Incubator Company, Jansen Poultry Equipment, LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, SKA S.r.l, and ME International Installation GMBH | |
Competitive Analysis
The global landscape is fragmented due to the presence of numerous local and global players. Leading manufacturers are engaging in R&D activities to launch new products and stay ahead in the competition.
Prominent players in the poultry farming equipment market include OFFICINE FACCO & C. Spa, Vencomatic Group, Valco Companies Inc., Jansen Poultry Equipment, and Tecno Poultry Equipment.
Growth Drivers
- Increase in focus on modernizing poultry farming for improved productivity is driving the poultry farming equipment market
- Shift in practice to raise poultry birds in a natural environment for improved quality meat and eggs is fueling the demand for cage-free farming equipment, thereby boosting market development
Regional Landscape
Asia Pacific is expected to dominate the global industry during the forecast period. The growth in the market in the region is evident by the presence of several poultry breeds and rise in consumption of poultry meat.
The market in Middle East & Africa is also anticipated to witness significant growth in the next few years. Increase in support for local breeds and the availability of government subsidies are driving market statistics in the region.
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Key Findings of Study
Modernization of Poultry Farming Fueling Market Development – Adoption of poultry tools and equipment is associated with a number of benefits for poultry farmers, including increased productivity and efficiency. Modern poultry equipment enables automated care of birds, thereby eliminating the need for manual tasks.
Modern farming equipment enables the provision of feed in the right quantity at the right time. The adoption of these tools also boosts hygiene to ensure optimal bird health and growth. Installation of climate control and waste management systems has led to increased profitability in poultry farming. Therefore, modernization of poultry farming is anticipated to spur market growth in the next few years.
Increase in Poultry Consumption – Rise in preference for white meat in developed countries is likely to strengthen the growth of the poultry industry. Poultry meat is considered healthy and easy to cook. In middle- and low-income countries, poultry is considered a cheaper alternative to other meats and is therefore consumed in large quantities. According to a recent publication of the OECD-FAO, protein availability from poultry is likely to increase by 16% by 2031, and it is expected to account for 47% of animal protein. Therefore, the rise in consumption of poultry meat is boosting the poultry farming equipment market statistics.
Growth in the poultry farming sector and rise in adoption of modern poultry farming practices are also propelling market demand, especially in middle- and low-income countries.
Rise in Demand for Poultry Drinkers and Feeders – Based on type, the poultry drinkers and feeders segment is anticipated to account for the leading market share during the forecast period. The segment held 17.2% share of the market in 2022. Poultry farmers are increasingly replacing outdated equipment with modern ones in order to maintain hygiene while feeding and administering routine vaccinations to birds.
Semi-automatic Equipment Witnesses Uptick in Demand – In terms of mode of operation, the semi-automatic segment dominated the global industry in 2022. Micro- and macro-sized poultry farms are increasingly installing semi-automatic poultry farming equipment, as they help reduce operational time and are cost-effective.
The automatic segment is anticipated to witness sizable growth in the next few years. Increase in the entry of multinational companies into the poultry farming landscape and rise in labor scarcity are fueling the demand for automatic equipment.
The poultry farming equipment market is segmented as follows;
Global Poultry Farming Equipment Market, by Type
- Poultry Houses
- Layer House
- Breeder House
- Broiler House
- Others (Environment Controlled, etc.)
- Poultry Aviaries
- Breeders / Nesting Systems
- Cooling & Ventilation Systems
- Lighting Systems
- Poultry Drinkers & Feeders
- Silos
- Hatching Equipment
- Egg Handling Equipment
- Washers & Waste Removal Systems
- Others (Monitoring Systems and Vaccination Systems, etc.)
Global Poultry Farming Equipment Market, by Poultry Type
- Chicken
- Duck
- Turkey
- Others (Goose, Rabbit, etc.)
Global Poultry Farming Equipment Market, by Mode of Operation
- Manual
- Semi-automatic
- Automatic
Global Poultry Farming Equipment Market, by Distribution Channel
- Direct Sales
- Indirect Sales
Global Poultry Farming Equipment Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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