Rise in fast food and restaurants to boost the Poultry Keeping Machinery Market growth

 

Poultry Keeping Machinery Market

Global Poultry Keeping Machinery Market, By Product Type (Feeding, Drinking, Climate Control, Incubator Equipment, Hatchery Equipment, Egg Collection, Handling, and Management Equipment, Broiler Harvesting and Slaughtering, Residue and Waste Management, Others), End-Users (Farm, Poultry Factory), Application (Feeding Chicken, Feeding Duck, Feeding Geese) - Size, Share, Outlook and Opportunity, 2023-2030

The global Poultry Keeping Machinery Market is estimated to be valued at US$ 6359.9 million in 2028 and is expected to exhibit a CAGR of 3.4% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Nurturing chicks for table is not an easy work. Those who have poultry farms require to monitor the delicate birds throughout the day and be cautious regarding any change. Currently poultry keeping machinery enables the farmers to work rapidly, gain many advantages from a prolific work and ensure that broilers are distributed healthy to the markets. AgroLogic LTD grows several electronic appliances appropriate for poultry farming. In the present days, farmers can appreciate the developed and innovative farming machinery: Climate controllers – the temperature in poultry farms may differ in accordance with the weather outside the farm.

Competitive Landscape:

Some key players involved in the growth of the global Poultry Keeping Machinery Market are iggity Systems, Inc., Kishore Farm Equipments Pvt Ltd, Big Dutchman, A.P. POULTRY EQUIPMENTS, HARTMANN GROUP, TECNO POULTRY EQUIPMENT Spa, Petersime, Jansen Poultry Equipment, LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, Vencomatic Group B.V., GARTECH, TEXHA PA LLC, Salmet, and Henan Jinfeng Poultry Equipment Co,.Ltd.

Market Key Drivers:

Rise in fast food and restaurants is expected to augment the growth of the global Poultry Keeping Machinery Market. For instance, as per the facts and figures of a report, around 2651 Michelin-starred restaurants are there across the globe.

The rise in poultry farming is projected to propel the growth of global Poultry Keeping Machinery Market. For instance, as per UN FAO, United States accounts for 17% of the global poultry farming.

Covid-19 Impact Analysis:

The COVID-19 outbreak has adversely affected the growth of global poultry keeping machinery market. The restricted investment price and shortage of staff impeded sales and manufacturing of poultry keeping machinery techniques. The disruption in supply chain and restriction on transportation also hindered the market growth. Anyhow, regulatory and market key players acquired new safety steps for enhancing the practices.

Key Takeaways:

The global poultry keeping machinery market during the forecast period due to increasing approvals and acquistions. For instance, in January 2020, Vencomatic Group entered into an acquisition with Van Gent Laying nests. The acquirement provides conviction and enhances standard of the organization or industry.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global poultry keeping machinery market owing to the rising usage and manufacturing of poultry, rise in poultry farms, presence of key players and increasing acquisitions and adoptions. For instance, as per USDA, there were around 164,099 farms that sold eggs in 2022 in U.S.