Transparency Market Research delivers key insights on the global poultry farming equipment market. In terms of revenue, the global poultry farming equipment market is expected to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global poultry farming equipment market.
Companies are expanding their range of poultry farming equipment by adding technologies such as IoT and robotics. Manufacturers are increasing their partnerships with different international and local distributors to have a better reach in every region. Some players are also providing virtual reality platforms to illustrate their systems and technologies.
Poultry Farming Equipment Market: Key Segments
In terms of product type, the house system segment is expected to hold major share of the poultry farming equipment market. Many developing countries such as South Africa and Brazil have implemented policies to support local poultry businesses due to COVID-19, leading to an increase in the number of small and medium-sized farm businesses. Housing systems are important for healthy and safe production of poultry. It ensures proper light, heating, feeding, watering and, waste removal.
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Based on poultry, the chicken segment is projected to hold major share of the poultry farming equipment market in 2020 and is expected to expand further during the forecast period. In 2019, chickens accounted for around 93% of the world’s poultry population, followed by ducks with 4%, and turkeys with 2% share. Other poultry birds include guinea fowl, geese, and quail.
In terms of operation, the automatic segment holds a major share globally. Technological advancements are playing a key role in the overall development of the global poultry farming equipment market. At present, strides taken in poultry farming largely focus on automating the activities in the rearing systems.
In terms of distribution channel, the offline channel is projected to be the most attractive segment during the forecast period in the poultry farming equipment market, as farmers prefer buying directly from suppliers or manufacturers as in this way, they are able to test the technology and check how the machine works.
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Poultry Farming Equipment Market: Prominent Regions
The global market for poultry farming equipment has been divided into North America (U.S., Mexico, and Rest of North America), Europe (U.K., France, Russia, and Rest of Europe), Asia Pacific (China, India, Indonesia, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The global poultry farming equipment market is dominated by Asia Pacific, due to increase in small and mid-sized poultry farms promoting the production of local and organic breeds.
The adoption of poultry farming equipment continues to grow in North America and Europe, owing to the introduction of new technologies and innovations. Authorities in MEA are providing capital investments to large businesses to expand their operations due to the coronavirus pandemic. They are also providing investments to small farmers to open new poultry business.
Asia Pacific is expected to have the highest growth in the poultry farming equipment market during the forecast period. The expansion of the poultry farming equipment market in emerging economies such as India and China can be attributed to rise in the consumption of poultry and increase in small & mid-sized businesses.
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Poultry Farming Equipment Market: Key Players
Key players operating in the global poultry farming equipment market are OFFICINE FACCO & C. Spa, Big Dutchman International GmbH, Valco Companies, Inc., Vencomatic Group, Tecno Poultry Equipment, Petersime NV, Jamesway Incubator Company, Jansen Poultry Equipment, LUBING, and ME International Installation GMBH, among others.
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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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