Poultry Keeping Machinery Market Overview
Poultry keeping includes rearing of domestic birds such as chicken, duck, gees and others. Poultry keeping is done for the purpose of farming eggs and fresh meat which are part of diet of many peoples. Poultry keeping machinery includes feeding, drinking, monitoring systems. These machinery plays a very important part of poultry set-up. Further, poultry keeping machinery is installed in order to improve productivity and to reduce mortality of the birds by creating an ideal environment for the poultry. Poultry keeping machineries are very important in duplication of ideal environment which is important for the growth of reared birds. Among various poultry keeping machineries, incubator is a device which helps in maintaining the ideal temperature for hatching of eggs.
Market Size & Forecast
Global poultry keeping machinery market is anticipated to witness a robust growth over the forecast period 2017-2024. The rising demand for poultry keeping machinery is expected to remain positive in near future, translating into an opportunity of around USD 1.7 Billion over the forecast period.
In terms of region, global poultry machinery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa Region. Among these regions, Asia Pacific region is dominating the global poultry keeping machinery market and is expected to behold this positive growth in near future. In terms of machine unit, Asia Pacific region is leading the market with a major share of 39.1% and is projected to dominate the consumption of poultry keeping machinery over the forecast period. Furthermore, India and China are the major contributors to the growth of poultry keeping machinery market in Asia Pacific Region.
North America poultry keeping machinery market is anticipated to capture market share of 29% by the end of forecast period and is projected to flourish at a compound annual growth rate (CAGR) of 3.3% over the forecast period. In addition to this, rising adoption of advanced poultry machineries such as automated egg collector and broiler harvester in Middle East & Africa region is anticipated to foster the growth of global poultry keeping machinery market over the forecast period. Apart from this, Europe region is anticipated to witness a slow growth during the forecast period.
Our-in depth analysis of the global poultry keeping machinery market includes the following segments:
By Machinery Type
Global poultry keeping machinery market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Some of the major factors driving the growth of poultry keeping machinery are increasing demand for affordable & protein rich products and varying food products globally. Apart from this, global poultry keeping machinery market is directly affected by rising number of poultry farms which is likely to raise the demand for poultry keeping machineries over the forecast period.
Further, increasing disposable income of consumers and rising cost of other meat products including beef and pork are some major drivers augmenting the growth of global poultry keeping machinery market. Furthermore, adoption of poultry keeping machineries has results in remarkable advantages such as higher production and reduced mortality of reared birds. These beneficial featres are expected to propel the demand for poultry keeping machineries globally.
However, recent upsurge in bird related disease such as bird flu has affected the global poultry keeping machinery market. Nonetheless, high tax and duties with importation of poultry keeping machinery are also restraining the growth of global poultry keeping machinery market.
Scope & Context
Overview of the Parent Market
The global poultry keeping machinery market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization
Great focus on accuracy and quality of the research
(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495