Global Poultry Brooders, Feeders, And Waterers Market Trends And Strategies Of Major Players In The Poultry Brooders, Feeders, And Waterers Market 2021-2030
26 Oct, 2021
The poultry brooders, feeders, and waterers market consist of sales of poultry brooders, feeders, and waterers by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing poultry farm equipment such as brooders, feeders, and waterers which are used for brooding eggs, feeding birds and providing water to the birds. Only goods and services traded between entities or sold to end consumers are included.
Global Poultry Brooders, Feeders, And Waterers Market Size And Drivers:
The global poultry brooders, feeders, and waterers market is expected to grow from $31.32 billion in 2020 to $34.48 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $47.32 billion in 2025 at a CAGR of 8.2%. Increasing consumption of poultry products is expected to drive the growth of the poultry brooders, feeders, and waterers market.
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Trends In The Global Poultry Brooders, Feeders, And Waterers Market
The integration of IoT-based devices with equipment is increasingly being used in the poultry brooders, feeders, and waterers market. IoT solution will help farmers to settle on better choices regarding feed change and disease control and also monitor key performance indicators that improve production. In September 2020, BinSentry, a provider of Internet of Things (IoT) solutions introduced the IoT enabled solution that allows livestock producers and feeds meals to monitor on-farm inventory. In addition to this, in February 2019, Roxell, a Malaysia-based company engaged in the manufacturing of automatic feeding, nesting, and heating systems launched Titan, a new automatic feeding system for heavy turkeys. Hence, with an increase in farm size and pressure to produce more food efficiently, IoT devices will occupy more space over farms in the near future which is expected to fuel the market growth.
Global Poultry Brooders, Feeders, And Waterers Market Segments:
The global poultry brooders, feeders, and waterers market is further segmented –
By Product Type: Brooders, Feeders, Waterers
By Operation: Automatic, Manual, Semi-Automatic
By Poultry: Chicken, Turkey, Duck, Others
By Geography: The global poultry brooders, feeders, and waterers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/poultry-brooders-feeders-and-waterers-global-market-reportPoultry Brooders, Feeders, And Waterers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides poultry brooders, feeders, and waterers market overviews, analyzes and forecasts market size and growth for the global poultry brooders, feeders, and waterers market, poultry brooders, feeders, and waterers market share, poultry brooders, feeders, and waterers market players, poultry brooders, feeders, and waterers market segments and geographies, poultry brooders, feeders, and waterers market’s leading competitors’ revenues, profiles and market shares. The poultry brooders, feeders, and waterers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.