The global poultry farming equipment market size is anticipated to surpass around US$ 34.5 billion by 2030, growth is expanding at a CAGR of 4.2% over the forecast period 2021 to 2030.
The global poultry farming equipment market would be largely driven by factors such as increasing demand for modern poultry equipment from farmers, consumption of poultry based meat and egg products, and their export across the globe. The market growth can be primarily attributed to a host of factors, including growing emphasis on enhancing the quality of poultry products, maximizing efficiency, minimizing carbon footprint, and high investments in technology, particularly in developed regions. The onset of data analytics and robotics will provide a boost to the overall prospects of the market for poultry farming equipment during the forecast period. While the demand is expected to remain sluggish during the COVID-19 pandemic, the market will show signs of recovery toward the last quarter of 2020.
Development of non-traditional cage culture in poultry seems to be a major attraction for poultry owners for ease in rearing poultry. In addition, collaboration with small and mid-sized poultry farmers is another potential opportunity for the market. This is expected to enhance the demand for poultry farming equipment across the globe.
Technology Change in Poultry Industry and Environmental Protection: Key Trend of the Market
Technology change in the poultry industry led by advances in breeding that improve animal size, fecundity, growth rate, and uniformity has enabled farmers to increase output per unit of feed, produce more birds per year, improve animal disease control, and decrease mortality.
Increasing investment by manufacturers on innovative equipment and for integration of IoT-based devices with equipment is likely to remain a popular trend in the future for overall monitoring and controlling of equipment to avoid unwanted risks leading to the growth of the poultry farming equipment market.
A Key Driver
Demand for modern poultry equipment is driven by the increase in the size of poultry farms. Earlier poultry farms produced an average of only a few hundred birds per cycle. Presently, poultry units with fewer than 5,000 birds are breeding on an average more than 500,000 birds. Similar is the case with layer poultry farms. Furthermore, adoption of better machinery to ensure quality has become crucial for poultry units due to increasing demand for quality poultry products. Barring a few items such as egg graders and poultry processing equipment, most of the equipment are gaining demand across the globe.
Emerging countries are generating demand for poultry farming equipment such as hatchers/ incubators, feeders, and poultry houses, apart from environmentally controlled & pre-fabricated houses, etc. This is likely to enhance the sale of poultry equipment in the upcoming years.
Increase in per capita consumption of poultry products is likely to lead to demand for poultry birds across the globe. In addition, increase in worldwide consumption of poultry products such as eggs and meat for high-quality protein intake at affordable prices is also enhancing the export of egg and poultry products globally. This is likely to influence the growth of poultry birds across the globe and gain demand for poultry farming equipment.
Increase in small and mid-sized poultry farms promoting the production of local and organic breeds is likely to drive the poultry farming equipment market over the next few years.
The COVID-19 event has severely impacted operations across the poultry industry, particularly in developing regions of the world. The liquidity condition of various stakeholders in the sector, including contract farmers and other small integrators continues to head toward uncertainty amid the ongoing health crisis. Several poultry farms have closed down due to losses suffered during the pandemic due to limited financial flexibility. As poultry consumption patterns continue to change during the COVID-19 event, its impact can be felt across the poultry farming equipment market wherein the demand has declined in the first two quarters of 2020. Due to reducing profit margins, the uptake of advanced poultry farming equipment has witnessed a considerable decline in 2020 and as per current estimates, the demand is likely to remain sluggish in the forthcoming months.
In the poultry farming equipment market report, the equipment type segment includes incubators & brooders, hatchers & setters, watering, feeding & vaccination equipment, egg handling equipment, washers & waste removal systems, monitoring & grading systems, and others. In terms of poultry, the demand for poultry farming equipment for chicken is anticipated to expand at a significant growth rate during the forecast period. Duck and turkey are preferred in various countries across the globe for poultry farming. The poultry farming equipment market for the remaining poultry is projected to expand at a moderate growth rate during the forecast period.
In terms of operation, the semi-automatic segment is a major segment of the poultry farming equipment market across the globe. It is expected to remain dominant with a huge share, owing to increasing preference for poultry farming due to its cost effective benefits. Automatic is also a potential operation segment in the poultry farming equipment market. Rapid growth in the number of large modern poultry farms is expected to propel the poultry farming equipment market in the future.
The poultry farming equipment market is widely fragmented. A large number of small, medium, and large companies operate in the market at global and domestic level. Companies are focusing on offering innovative solutions to increase their market reach.
Asia Pacific holds a major share of the poultry farming equipment market due to rapid growth in poultry production and penetration of multinational poultry processing players in emerging countries such as India, China, Indonesia, and various other Asian countries. This is expected to drive the poultry farming equipment market in Asia Pacific at a rapid pace as compared to other regions.
The demand for poultry farming equipment in Europe and North America is estimated to increase at a significant pace in the near future due to increase in the production of poultry breeds for human consumption. The U.K., Germany, France, Russia, the U.S., and Canada are anticipated to be prominent markets for poultry farming equipment during the forecast period.
The market in South America and Middle East & Africa is anticipated to expand at a rapid rate in the near future. GCC Countries, South Africa, Brazil, and Argentina are anticipated to be potential markets in the upcoming years for poultry farming equipment.
Major promising players are likely to focus on expansion of business by indulging in strategic alliances and mergers & collaborations to strengthen their footprints in the global poultry farming equipment market. Companies are engaging in expanding their business by selling equipment through several online distribution channels. Companies are also focusing on offering cost effective innovative solutions to farmers to increase profitability for sustainable growth of businesses.
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global poultry farming equipment market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Key players operating in the global poultry farming equipment market include OFFICINE FACCO & C. Spa, Big Dutchman International GmbH, Valco Companies, Inc., Vencomatic Group, Tecno Poultry Equipment Spa, and Petersime NV.
This report focuses on poultry farming equipment market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall poultry farming equipment market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global poultry farming equipment market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global poultry farming equipment market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the poultry farming equipment market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of poultry farming equipment are as follows:
The research methodology adopted by analysts for compiling the global poultry farming equipment market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global poultry farming equipment market.
The study objectives of this report are:
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