According to Fact.MR, a market research and competitive intelligence provider, The global
According to Fact.MR, a market research and competitive intelligence provider, The global hatchery equipment will be valued at US$ 3,689.7 million in 2024 end and has been forecasted to expand at a noteworthy CAGR of 5.9% to end up at US$ 6,537.4 million by 2034. Incubation type of equipment will worth around US$ 997.4 million in 2024 and account for a 27.1% share of the global market.
The global hatchery equipment market is a vital part of the larger agriculture and poultry industry. Since it assures efficient and productive breeding operations throughout the world. It covers diverse technologies and equipment for chick incubation, hatching and early stage care for different poultry species focusing mainly on chickens, turkeys and other commercially important birds.
The main factors driving market growth include increasing demand for poultry products around the world, greater emphasis on food security as well as current transition into automated hatchery systems which are more advanced. The market is characterized by complex interplay of factors such as stringent regulations on animal welfare, rising emphasis on biosecurity measures and the need for improved operational efficiencies to meet escalating consumer demands.
Dominant players in the industry are constantly innovating to come up with advanced solutions that provide accurate environmental control, enhanced monitoring capabilities and better hatch rates. Such developments are very essential particularly because of challenges like disease control, lack of manpower and the need to adopt sustainable practices facing this sector. In North America and Europe, developed markets are mainly influenced by technological advancements and higher efficiencies whereas emerging markets in Asia-Pacific and Latin America offer considerable prospects for growth owing to their fast tracking of industrialization in poultry industry.
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Key Takeaways from the Market Study
“Increased focus on biosecurity measures to prevent disease outbreaks”, says a Fact.MR analyst.
Development by Market Players in Hatchery Equipment Market:
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global hatchery equipment market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of by equipment type (incubation equipment, HVAC systems, hatchery data collection systems, hatchery automation equipment, egg handling equipment, feeding equipment, vaccination equipment, egg candler, brooder equipment and weighing balances), by sales channel across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East & Africa).
Key Companies Profiled:
EmTech Hatchery Systems; HatchTech Incubation Technology; Innovatec Hatchery Automation; Jamesway; Linco Incubator; Pas Reform; Petersime; SALMET GmbH & Co.; Vencomatic Group ; Viscon Group; Ziggity Systems Inc.; Zucami Poultry Equipment; Other Prominent Players.
Industry News:
Petersime NV: Likely, they will continue to emphasize energy-efficient incubators and hatcheries management systems in May 2023. The possible expansion of Internet of Things (IoT) and artificial intelligence (AI) integration into our equipment for enhanced monitoring and control should take place in 2024.
Jamesway Incubator Company Inc: In May 2023, have an introduced new models of their Platinum series incubators with more improved features. 2024 may however be the year to embrace the development of more sustainable and eco friendly solutions for hatcheries.
Pas Reform: May 2023, the accomplished firm enlarged their SmartPro product line with revolutionary features or models. In 2024, perhaps an introduction to more sophisticated systems for artificial intelligence incubation and hatchery management.
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Hatchery equipment refers to the tools and technologies used in poultry farming for incubating eggs, hatching chicks, and providing early-stage care for various poultry species.
CAGR stands for Compound Annual Growth Rate, which measures the mean annual growth rate of an investment over a specified time period longer than one year.
Biosecurity in poultry farming involves measures taken to protect flocks from diseases, including controlling access to farms and ensuring proper sanitation practices.
Incubation systems are specialized equipment used to create optimal conditions for hatching eggs, including temperature, humidity, and ventilation control.
Operational efficiency refers to the ability of an organization to deliver products or services in the most cost-effective manner while maintaining high quality.
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